5 Reasons Push Payments will change the online checkout landscape
Push Payments work by connecting the consumer to their online bank platform and authorizing a push payment to the merchant. The merchant does not debit the consumer-the consumer pushes or credits the merchant.
1-No payment declines or NSF’: The $ can’t be pushed out of the bank account if they are not there. No at the time of checkout you are getting your money.
2-Merchant receive funds in seconds. No waiting days or weeks. Instant funds availability
3-No chargebacks: Once payment has been made there is no chargeback recourse
4-Payment processing fees are reduced by 50% or more compared to credit cards
5-No need for a merchant account: if you have a business bank account and your business is not considered super high-risk you can start taking payments.
For more information check out Push Payment Solutions