BENEFITS2019-11-26T09:31:59+00:00

MERCHANT BENEFITS

ACCEPT MULTIPLE CURRENCIES

Transacting in multiple currencies in different counties through various banks allows merchants to expand their e-commerce footprint globally without increasing their risk.

NEW CONSUMER MARKETS

Accepting BANXATE localized, instant banking transfers offers merchants access to new markets where credit cards are not widely used, or cash payments are preferred.

INSTANT CASH SETTLEMENTS

BANXATE Instant banking payments are authenticated and allocated at the time of purchase, so merchants receive approvals or declines in real time. Not 5 days later.

TRUE GOOD FUNDS MODEL

As one of the safest forms of payment, real-time instant transfers are as close as you can get to a cash transaction, making them the ultimate ‘Good Funds Model’.

IMMUTABLE TRANSACTIONS

Once a user submits a 2FA TAC code to complete the payment journey, the transaction is then deemed as approved by them, therefore making it immutable or irreversible.

LESS CART ABANDONMENT

In competitive online markets, shopping cart abandonment rates decline significantly when a wider variety of payment options are offered to consumers.

PERFECT FOR E-TAILERS

2FA verified immutable payments protect your business from chargebacks and fraud

CONSUMER BENEFITS

ZERO REGISTRATIONS

With no new accounts to open, passwords to remember or complicated registration processes, users can complete the payment process with less required steps.

INSTANT CONFIRMATION

Compared to some non-credit card payment methods, merchants will receive a confirmation in seconds, potentially eliminating delays in order fulfillment.

FAMILIAR CREDENTIALS

Complete purchase transactions in seconds using nothing more than the online username and password at the entity they trust the most. Their very own bank.

ELIMINATE RE-BILLING

Consumers must approve transactions made via the 2FA TAC number sent to the phone number registered with their bank, so re-billing schemes are never possible.

INCREASED SECURITY

Payment details and login credentials are never seen, stored or shared by the merchant. Sensitive information remains private, greatly minimizing identity theft.

ZERO PHYSICAL CARDS

Not many people can remember their 16-digit credit card details by heart. Transactions are never interrupted by the need for users to find their physical credit cards.

GREAT FOR EDUCATORS

Minimize liabilities associated with credit card processing

GATEWAY BENEFITS

ROBUST REPORTING FEATURES

With a plethora of field input options, merchants can opt to customize their dashboards and view transaction data in real time, allowing them to reconcile customer accounts faster.

FAST PAINLESS INTEGRATION

Working much like auto-linked accounting software, our API does not require bank approval or cooperation. Integration is fast easy and cost-effective.

SMOOTH RESPONSIVE DESIGN

Our front and back end user interface works flawlessly on any screen across all devices. Additional options for custom branding provide continuity in the payment journey.

BANKING LEVEL SECURITY

Best in class, banking level security with cutting edge encryption ensures merchants are providing a safe and secure environment for their customers to transact in.

USER INTUITIVE DASHBOARD

Our merchant dashboard includes a full suite of reporting functions, allowing merchants to customize payments and settings with our user-friendly admin panel.

ENHANCED KYC AND AML

Inbound bank transaction records provide merchants in regulated industries the ability to add additional layers of identity verification for KYC and AML compliance.

TERRIFIC FOR PROFESSIONALS

Instant settlements can help you manage your companies cashflow more effectively