REPAY Partners With Paysafe to allow U.S. Merchants to Accept On Line Cash Payments

REPAY Partners With Paysafe to allow U.S. Merchants to Accept On Line Cash Payments

Customers could have usage of 60,000 retail places to help make online money repayments to merchants from the REPAY platform utilizing Paysafe’s Paysafecash solution, with deals recorded in realtime

ATLANTA–( BUSINESS WIRE )–Repay Holdings Corporation (NASDAQ: RPAY) (REPAY), a respected provider of vertically-integrated payment solutions, today announced a partnership with Paysafe online payday FL, a respected specific re re payments platform, make it possible for REPAY merchants to simply accept money re payments at over 60,000 of Paysafe’s partner that is retail, including major convenience shops, buck stores, and pharmacies throughout the united states of america.

Leveraging Paysafe’s Paysafecash online cash, or eCash, solution, these money deals are recorded as real-time re re re payments, incorporating also greater convenience to payers and expanding the abilities of loan providers and B2C organizations to satisfy consumer re re payment choices.

The strategic partnership will complement REPAY’s suite of electronic payment solutions by offering money as an on-line re re re payment option through Paysafecash, enabling organizations, specially loan providers, to just accept money in any U.S. retail location that accepts Paysafe’s eCash product. Efficiently, providing possibilities for payers to utilize eCash really helps to bridge the space between money and online re re re payments, especially when it comes to number that is large of and under-banked Us citizens today.

Customers initiate the online money repayment by picking Paysafecash at checkout. Then they get an unique barcode, which gets scanned during the re re re payment location and settled in money. When the money deal is complete, the payment is posted and REPAY delivers the transaction details back into the vendor, seamlessly upgrading the consumer’s account most abundant in current repayment information. The cash is later deposited in to the merchant’s banking account via ACH – and it is perhaps perhaps perhaps not subject to chargebacks as other electronic repayments may be.

As REPAY continues to innovate, we make an effort to decrease the friction of this payment procedure by providing payment that is convenient for loan providers and their borrowers, stated Susan Perlmutter, Chief sales Officer, REPAY. Through our partnership with Paysafe, loan providers in the REPAY platform will be able to accept money in the REPAY ecosystem through the Paysafecash eCash solution, taking advantage of real-time posting and streamlined reconciliation processes. Customers are now able to effortlessly access any Paysafe retail partner location and quickly spend their bill.

Udo MГјller, CEO of paysafecard, Paysafe’s eCash unit, commented: Over 60 million Americans are still underbanked, based on the Federal Reserve, so offering clients a method to spend loans as well as other bills via money is vital to advertise monetary addition. We know how essential it’s to meet up the re re payment choices of this customer, that are a crucial facet of the online deal experience. We’re proud to partner with REPAY to allow loan providers by equipping all of them with a money re re payment solution to meet up with the requirements of the customers that are cash-reliant.

About Paysafe

Paysafe (NYSE: PSFE) is a respected payments that are specialized. Its core function is always to allow companies and customers in order to connect and transact seamlessly through industry-leading abilities in re re 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 with a built-in platform, Paysafe solutions are aimed toward mobile-initiated transactions, real-time analytics therefore the convergence between brick-and-mortar and online payments. More info can be obtained at paysafe.

About Paysafecash

Paysafecash, from leading specific re re payments platform Paysafe, is definitely an eCash re re payment method for clients who would like to spend online effortlessly and properly making use of cash. Obtainable in almost 30 nations, Paysafecash makes transactions that are online for clients, that do not need a debit or charge card, or that do not need to make use of them online. Re re re Payments are designed 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 because of equivalent Paysafe group whom developed the award-winning, prepaid money solution paysafecard in 2000. Market frontrunner in eCash re payment solutions, paysafecard permits clients buying vouchers that are prepaid they could then redeem online.

About REPAY

REPAY provides payment that is integrated methods to verticals which have specific deal processing requires. REPAY’s proprietary, integrated re payment technology platform decreases the complexity of electronic re re re payments for merchants, while boosting the entire experience for customers and companies.