iWallet and Card Payments

1. iWallet and Card Payments

2. Table of contents iWallet and Card Payments  No processing fee option  Processing fee option How iWallet differs from credit cards SNAP/EBT processing

3. iWallet and Card Payments The evolving world of technology has sought to revolutionize the payment system to facilitate e-wallets when purchasing goods and services. By 2022, cash will be replaced and surpassed by modern payment systems like credit cards and e-wallets, due to the rising number of smart phone users globally.

4. With this virtual era, digital currency is slowly becoming the norm, with business owners seeking to embrace new technology systems into their business to include a diverse market. The use of contactless payments is becoming the norm as it eliminates Covid-19 transmission and increases digital transactions to consumers. However, this spike of digital transactions offers an increased risk of payment information. There is a reduced risk with iWallet as second or third parties cannot manipulate the information and access the wallet. The anonymity of information erases any leakage that might be used against the user.

5. iWallet is a savvy industry player offering payment options to its users, enabling them to purchase any item through ACH payments or QR code payments. This virtual payment options enable customers to seamlessly transfer funds from their bank accounts and into the store’s account without the complication of many processes that would have otherwise complicated the transaction. Business owners and merchants embracing iWallet will experience simple transactions and immediately receive funds into their accounts as soon as the customer makes the purchase. With a QR code scanner at the store, the customer can scan the code available on their phone through iWallet and complete the payment process in just a few minutes.

6. iWallet offers registration with a Free QR menu for restaurants for use at their establishments. The menu is customized depending on the restaurant’s items, and options to Make a QR menu are available on the iWallet app. Other food vendors can also enlist their products with a Free QR menu on the iWallet website. iWallet also offers credit card processing to its consumers which facilitate payments dependant on the following factors:

7. No processing fee option Customers can now enjoy no processing fees for their payments when paying with ACH systems. iWallet seeks to revolutionize the virtual payment platform by erasing processing fees, which would otherwise be available when paying directly via credit or debit card. This incentive is to encourage customers to sign up for ACH payment plans and enjoy fast and efficient payment services.

8. Processing fee option When paying through a credit card, the customer is eligible for a 3% processing fee to facilitate the transaction. However, the process is free for merchants, making iWallet a worthy contender for business owners.

9. How iWallet differs from credit cards Despite the use of prepaid cards for customers to load their money for use, iWallet is not a credit card. The iWallet app enables the online payment of any item or service easily as the customer's information is already previously secured. Therefore, the customer instantly initiates a payment transaction without having to dig out their wallet to check their credit card account number and security code. The payment information is protected from the store as it is secured through the usage of tokens. This ensures the customer’s details are encrypted and secure to use anywhere.

10. iWallet facilitates easy payment information records, which differ from credit cards, requiring their consumers to fill out lengthy forms to verify their details. With iWallet, a simple tap is all you need to confirm the payment and finish the transaction. iWallet offers a secure platform to its users, who can easily load money to their accounts before making the transaction. Unlike credit cards, which are risky due to the balance in the bank or the credit card limit, iWallet ensures you upload the exact cash you might need when making a purchase or even load bigger sums of money for use later.

11. SNAP/EBT processing iWallet is seeking to accept EBT cards into the iWallet platform. Business owners who are licensed SNAP/EBT retailers will accept EBT payments at their stores. iWallet will facilitate the integration of the customers or EBT card into the platform. This integration enables customers who have lost or misplaced their EBT cards to access products and services without the need to provide the physical card.

12. This additive will help prevent EBT card fraud and assist retailers and merchants in marketing their services through promotions targeted to EBT users. For merchants, this will be a faster verification process at their stores. With the Free QR menu for restaurants, food retailers are set to develop a niche for their clients who want to order food items and pay quickly without the struggle of credit card payments. With several currencies available, customers can transact in at least twelve currencies on the platform. With the necessary regulations and measures taken to protect the customer and the merchant, iWallet is an essential platform in mobile commerce.

13. Contact Details Email: Website: hello@iwallet.com https://menu.iwallet.com/