linked2pay launches Instant Merchant Settlements
New service enables a business to accept a credit card payment, get approval and have those funds deposited directly to their bank account and available for withdrawal-all in a few seconds (24/7/365 including weekends and holidays.)
OXNARD, Calif.–(BUSINESS WIRE)–linked2pay, the award-winning risk management and payments technology provider, is powering paycosmos as the first ISO on the linked2pay SAAS platform to offer merchants Instant Merchant Settlements (IMS).
A #business can accept a credit card payment, get approval, and have the funds deposited to their #bank account, available for withdraw-all in seconds. #payments #fintech #smallbiz
“This launch brings Instant Merchant Settlement within reach of any business that accepts credit card payments online, mobile, Virtual Terminal, by email, or via text. As these digital payments continue to grow rapidly we expect the demand for instant 24/7, 365 settlements to skyrocket,” says Robert “Jay” McShirley, CEO of linked2pay.
The merchant enrollment and boarding process utilizes a pending patent to instantly authenticate ownership of a debit card (connected to the merchant bank account) so that the secure delivery of service can be initiated. Once boarded for IMS the approved merchant can set individual preferences for the settlement thresholds and schedule.
August 21, 2018 08:45 AM Eastern Daylight Time
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