No Rolling Reserves. No Shutdowns. Entirely Domestic
How Do We Differ from Other Payment Alternatives?
- Credit/Debit Cards
Due to federal regulations surrounding “high-risk” products and industries, domestic credit card companies (i.e. Visa, Mastercard) are not able to process high-risk transactions. There are workarounds that companies use to mitigate this issue (proxy-based transfers, point of banking solutions, offshore banks) but these create added costs, delays in settling for the merchants and customers, Card declined transactions, and are subject to shutdowns.
ACH, which stands for Automated Clearing House, is one of a couple of ways that a direct transfer can be made quickly and easily between two parties-and can take up to 2 days or more. ACH falls under banking regulations…Our system does not.
We do not require preloading of any kind. E-wallet solutions can take time to set up, sometimes multiple days.
Our system is connected to the end-user’s bank account and the merchants’ bank account, so funds can transfer directly as soon as the account is created. We never hold the customers’ money (unlike an E-Wallet) so our partners’ money is safe in the event of complications.
Most domestic banks-credit Unions & more