IPOSUP plans to launch an ECash card payment settlement service for the U.K just prior to Christmas 2020. The new product, based on blockchain ledger technology, will help small businesses with managing cash flow, according to a company release. Sellers get their money transferred into their ECash IPOS wallet account within seconds of whenever they accept a card payment. The money can then be transferred into their own bank accounts within 30 minutes or the following day. This service is available 24/7.
IPOSUP is also launching its android phone-based “IPOS bric” and “IPOS soft” products to make accepting cards easier and faster for micro-, small- and medium-sized businesses. Businesses can download and register on the free Google Play Store iposup.com app.
IPOSUP.com offers competitive, in-person fees of 1.3%. Sellers using ECash accounts will be charged an additional 1% if they want their bank withdrawal transfer to be immediate, within 30 minutes or no charge if the bank transfer is set for the following day.
“[A] major pain point for micro businesses is cash flow. Our products are all built to provide fast instant access to card payments processing funds to help businesses of all sizes remain liquid in current times of COVID-19 crisis. We believe our merchants should have the ability to access their card payments money as fast as possible, so we’re excited to provide this new blockchain powered Instant ECash deposit service to businesses across the UK. This IPOS wallet account also allows person-to-person ECash transfers in seconds,” Dr. Chandra Patni, CEO of IPOSUP.com said in the release.