payment processing news

Seasus Launches Card Payout Solution

Electronically transfer funds to any MasterCard® or Visa® card, anywhere in the world

Seasus Launches Card Payout Solution

Seasus now provides you with the possibility to make global refunds, rebates, payouts, payroll or expenditure payments to leading credit cards.The solution enables you to electronically transfer funds a holding account to any MasterCard® or Visa® credit card, prepaid debit card, stored value card, loyalty card or gift card, anywhere in the world. Similar to a merchant credit made back to a single ... read more

Saturday, 04 August 2012

Payout Solutions

Electronically transfer funds to any MasterCard® or Visa® card, anywhere in the world

Seasus now provides you with the possibility to make global refunds, rebates, payouts, payroll or expenditure payments to leading credit cards. 
 
The solution enables you to electronically transfer funds a holding account to any MasterCard® or Visa® credit card, prepaid debit card, stored value card, loyalty card or gift card, anywhere in the world. Similar to a merchant credit made back to a single credit card, the solution deposits money onto a host of card programs in the currency of the card being deposited to. 
 
The service has interesting applications in different industry verticals: 
 
Online Gaming 
The payout process of wins back to players is possibly one of the most laborious and time consuming parts of this business. If a player deposited funds using his card, and the payout is made through a bank transfer, in most cases a separate KYC process is required to ensure the payout is being made to an account owned by the player. This also lengthens the time between the payout request and the actual receipt of the funds by the player. The Seasus Payout Solution enables gaming operators to pay player wins directly into the same card from which the deposit was made, simplifying the entire process. Players can immediately make use of those funds. 
 
Payroll / Commissions 
For businesses wanting to deposit payroll and/or commissions directly onto an employee’s personal credit cards, debit cards or prepaid debit cards. Using the Seasus Payout Solution avoids the expense of writing checks, paying high wire transfer fees, foreign exchange fees, or the liability of paying cash to employees. Businesses can also choose to pay their entire employee payroll and/or commissions, in one transaction. Employees receiving their payroll and/or commissions on their credit cards, debit cards or prepaid debit cards, can immediately make use of those funds, rather than having to wait for a check to clear the bank. 
 
Promotions / Rewards 
For business operating loyalty or reward programmes wanting to easily process disbursements. Consumers, that have earned promotional funds with a business establishment, can be rewarded immediately with the payout solution. Rather than sending customers a business cheque, merchants can instead electronically transfer (and deposit) reward funds onto consumer’s credit cards, debit cards or stored value cards. The funds are transferred in real time and immediately usable. 
 
Contact us for more information about our PayOut Solution.