iWallet and Card Payments

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iWallet and Card Payments
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Table of contents

• iWallet and Card Payments
• No processing fee option
• Processing fee option
• How iWallet differs from credit cards
• SNAP/EBT processing

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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.

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• 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.

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• 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 stores 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.

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• iWallet offers registration with a Free QR menu
  for restaurants for use at their establishments.
  The menu is customized depending on the
  restaurants 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

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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.

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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.

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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
  customers details are encrypted and secure to
  use anywhere.

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• 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.

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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.

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• 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.

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Contact Details