ATLANTA–( BUSINESS WIRE )–Repay Holdings Corporation (NASDAQ: RPAY) (REPAY), a prominent provider of vertically-integrated re payment solutions, today announced a partnership with Paysafe , a prominent specific re re payments platform, make it possible for REPAY merchants to just accept money re re payments at over 60,000 of PaysafeвЂ™s retail partner locations, including major convenience shops, buck shops, and pharmacies throughout the united states of america.
Leveraging PaysafeвЂ™s Paysafecash online cash, or eCash, solution, these cash deals are recorded as real-time re re re payments, including even greater convenience to payers and expanding the abilities of loan providers and B2C organizations to satisfy client re payment choices.
The strategic partnership will complement REPAYвЂ™s suite of electronic re payment solutions by providing money as an on-line re payment option through Paysafecash, enabling companies, specially lenders, to just accept profit any U.S. retail location that accepts PaysafeвЂ™s eCash product. Efficiently, providing possibilities for payers to utilize eCash helps you to bridge the space between money and online re re payments, specially for the number that is large of and under-banked Us citizens today.
Customers initiate the cash that is online by picking Paysafecash at checkout. Then they be given an unique barcode, which gets scanned during the payment location and settled in money. When the money deal is complete, the payment is posted and REPAY delivers the transaction details returning to the vendor, seamlessly updating the consumerвЂ™s account most abundant in payment information that is recent. The cash is later deposited in to the merchantвЂ™s banking account via ACH вЂ“ and it is maybe not at the mercy of chargebacks as other electronic payments may be.
As REPAY continues to innovate, we make an effort to decrease the friction for the payment procedure by providing convenient repayment solutions for loan providers and their borrowers, said Susan Perlmutter, Chief income Officer, REPAY. Through Paysafe, lenders to our partnership from the REPAY platform should be able to accept money in the REPAY ecosystem through the Paysafecash eCash solution, profiting from real-time posting and streamlined reconciliation processes. Customers is now able to effortlessly access any Paysafe retail partner location and quickly pay their bill.
Udo MГјller, CEO of paysafecard, advance cash loan loan payday Idaho PaysafeвЂ™s eCash unit, commented: Over 60 million Americans are still underbanked, based on the Federal Reserve, so offering clients a method to spend loans along with other bills via money is really important to advertise inclusion that is financial. We understand how essential it really is to meet up with the payment choices associated with customer, that are a crucial facet of the transaction experience that is online. WeвЂ™re proud to partner with REPAY make it possible for loan providers by equipping all of them with a money re payment choice to meet up with the needs of the customers that are cash-reliant.
Paysafe (NYSE: PSFE) is a number one specific repayments platform. Its core function is always to allow organizations and customers to link and transact seamlessly through industry-leading abilities in re payment processing, electronic wallet, and online money solutions. An annualized transactional volume of US $92 billion in 2020, and approximately 3,400 employees located in 12+ global locations, Paysafe connects businesses and consumers across 70 payment types in over 40 currencies around the world with over 20 years of online payment experience. Delivered through a platform that is integrated Paysafe solutions are aimed toward mobile-initiated deals, real-time analytics plus the convergence between brick-and-mortar and online re payments. More information can be obtained at paysafe.
Paysafecash, from leading specific re re payments platform Paysafe, is definitely an eCash re re re payment method for clients who would like to spend online effortlessly and cash that is safely using. Obtainable in almost 30 nations, Paysafecash makes transactions that are online for clients, that do n’t have a debit or charge card, or that do n’t need to utilize them online. Re re Payments are built by producing a barcode through the online checkout, that may then be scanned and covered face-to-face at certainly one of a lot more than 190,000 re re payment points. Paysafecash was released in 2018 by equivalent Paysafe team whom created the award-winning, prepaid cash solution paysafecard in 2000. An industry frontrunner in eCash re payment solutions, paysafecard enables clients buying prepaid vouchers that they may be able then redeem online.
REPAY provides integrated repayment processing methods to verticals which have certain deal processing requirements. REPAYвЂ™s proprietary, integrated payment technology platform decreases the complexity of electronic re re payments for merchants, while improving the entire experience for customers and businesses.