10 Million Households don’t have a Debit or Credit Card.
The Credit Card Act of 2009 combined with the recession has resulted in a significant reduction in the total number of credit cards in circulation. This, combined with the current average household credit debt of $15,1919 has resulted in a measurable lower number of transactions credit card purchases. Currently over 10 million households in the USA live without any form of Credit or Debit card and make payments with cash.
Pay Cash Now can provide your business with an online, nationwide network that can collect cash payments locally from your customers and electronically transfer the funds to your bank account. The 10 million unbanked households can now have the opportunity to order your services.
The API is very similar to the PayPal® API and can be implemented with minimal effort. Pay Cash Now can guarantee receipt of funds to you within seconds after the consumer deposits the cash in their neighborhood Pay Cash Now Cash Acceptance Retailer.
Contact a Pay Cash Now account manager to learn how easy it is to implement the Pay Cash Now Network in your current online electronic checkout system.
Key Benefits of the Network
- Access to 10 million Additional Customers who don’t have debit or credit cards
- Zero credit card chargebacks
- Zero chance of credit card fraud
- Funds are 100% guaranteed at time of payment
- Fewer returns
- Very Low interchange fee
How the Payment Process Works
- Customer Places Order
- Customer Pays with Cash
- Merchant’s Payment is 100% Guaranteed
- Product Ships to Customer