When I say card I mean a plastic card that can be both a debit card as well as a credit card.
How these cards work is that they provide an interface or a POS terminal that is present at the merchant outlet.
Typically such a card is a bridge between the merchant and the buyer/ customer.
The job of the card is to take the information of the customer that is his card details, validate them and transfer the amount amount from the customer to the merchant account. For this purpose the card company charges a processing fee. This fee is 3% or more. The percentage is calculated on the amount the buyer is supposed to pay.
For example for a $50 article the commission or fee charge d would amount to 3X50/100= $1.5 and what if the amount were to be $500?
In such a case the fee would be $500X3/100= $15
Though this fee is charged to the seller and it can add up to $50000 or more per year even for small to medium merchants.
As compared to this high fee Smartcard from smartcash https://smartcash.cc offers a much convenient and cost effective transaction solution.
As of now there is no setup fee required to be paid at the merchants end.
The POS payment processing is done by an app that can be installed on o the merchants mobile phone.
From the customers perspective, he can create a smartcard anywhere and any time. The loading of account can be done from a convenient location like home, office or anywhere else.
There is no process fee for a transaction. All that is charged is a network fee that works out to a fraction of a cent.
A zero transaction fee is a huge saving for the merchant as well as the buyer.
Even the payments are instant.Smartcash gets debited from the buyers account and gets credited to the merchants account instantaneously after the buyer validates the transaction by entering a PIN on the merchants app.
It is a win win for both the merchant and the buyer.
The smartcash site
https://smartcash.cc
smartcash on steemit
https://steemit.com/@smartcash
smartcash on twitter
https://twitter.com/scashofficial
smartcash discord channel
discord.smartcash.cc