PaySprint Payments processing service is a NO-Hardware and 100% Subscription-based payments processing service that is designed to help merchants save as much as 90% of the cost of receiving payments from customers. Customers can make payment using debit or credit card, wallets, and rewards points at no extra costs to your business.
As a merchant you can receive face-to-face payment using QR Code (save on Hardware costs), share payment link with remote customers and receive online payments from visitors to your business website.
Receive Payment Options (RPO) are automatically activated when your business account is approved. Your business account is approved when you complete the business profile and upload the required business/corporate documents.
QR code to receive payment from customers is auto generated once the account is opened. However, you would not be able to process payment until the account is approved. Also, the QR code can be regenerated if the original one not functioning properly at no cost to your business.
YES. You can download and print QR code to display at the storefront or save on your mobile device to process face-to-face payments.
The Payment link is already created. All you need to do is to copy the link and share with customers. The code can equally be embedded in a message like in an email. In addition, we have provided you with social share link to make it easier to share the link with customers.
To receive payments on your website through PaySprint, simply share the API token and the link to documentations with your website Developer. You may also contact our PaySprint Support Team to assist in installing PaySprint on your website at no cost to your business.
PaySprint API Plugin is under development. We are working with growing number of other platforms like WordPress, and online stores to provide them with PaySprint API Plugins.
Payment Processing fee is very important to your business. The setting offers you the option to determine if you or your customers would be responsible for card processing fee. It is cheaper for customers to cover processing fee than for your business to cover processing fee. Look at it from this perspective if the card processing fee is $0.3. To individual customers, $0.3 is not a lot of money. but its a significant amount to your business if the business must cover $0.30 for like 1,000 customers.
YES. The law now allows businesses to pass on the card processing fees to customers.
We are working on providing this option in the future.
Wallet Balance would be same as available balance if the account is on FREE Plan. However, Available Balance would be lower than Wallet balance because of the subscription fee payable.
Overdraft Balance is the account created for Wallet Balance Protection. Wallet Balance protection is a program that allows account holder to spend more than the available funds in their wallet. When an account holder is approved for Wallet Balance protection, the approved amount appears under Overdraft Balance.
Security Balance is an account where deposit made to cover chargebacks are kept. Merchant that records more chargeback than the allowable threshold would be required to make a security deposit to cover future penalties on chargebacks on account. Chargeback happens when a card payment made by customers are returned due to fraudulent activities.
Local payment method is available payment method in the country of residence of the Merchant. Mobile Money wallet, electronic money transfer etc. are fast becoming additional local payment method in some countries.
PaySprint invoicing system allows businesses to create and send invoice to customers. Invoices can be sent to customers either the customer has a PaySprint Account or not. A paper invoice can also be printed and send to customers.
Customer would be able to use the payment link embedded in the invoice to make payment to your business with either Credit or Debit Card, Wallet, or reward points.
When creating an invoice, you may want to offer instalment payments to customer, this means, customer is allowed to pay the invoice more than one time. Offering installment to customer improves customer loyalty and retentions.
Currency conversion enables your business to receive payment from cross-border location at your local currency, thereby eliminating foreign exchange fluctuation. For example, you may issue an invoice to a customer in your local currency while customer make payment in equivalent amount in his or her local currency. That means you receive your local currency amount and thereby not expose to foreign exchange rate fluctuations.