What are the benefits of the Valorus fintech solution's merchant payment processing module?
The benefits of the Valorus platform accrue to both the merchant and the customer. Among them:
- No credit card merchant processing fees, generating savings of about 1.5 to 4.5 percent
on each transaction.
- Virtual elimination of bad debt from credit card transactions.
- Speedier transactions with a closed-loop mobile wallet system.
- Greater security without the need for customers to enter sensitive credit card and
address information to purchase goods and services online or at brick-and-mortar
- Faster payment clearing, with merchants instantly receiving funds from customer
payments, rather than waiting two or three banking days.