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$1.07 southern cross payments ltd

What does this company actually do?, page-102

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soarus

720 Posts.

144

17/08/19

16:17

Post #: 40025605
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Originally posted by jlo2012 ↑

There are two important improvements/advantages over Paypal's method:

1. The customer actually MAKES the split payment to the merchant as part of the KYC process rather than the Paypal method of dummy split credit transaction from the acquirer on behalf of the merchant. This is important as it requires on the spot commitment/follow through from the customer. Merchants are only needing to KYC commited customers, hence higher conversion rates.

2. The process is nearly instant (5 mins) as opposed to up to 3 days under the PayPal method. This results in a lower friction experience for end customer and again results in improved customer conversion as there is no delay of up to 3 days that would provide opportunity for the customer to change their purchase decision (strike while the iron is hot).

On the face of it they may seem small diffeences but it is a far superior version.

Add to this a world class Tier 1 payments ecosystem and you have a complete product for merchants in the regulated space.

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yeah nicely done once again jlo.

Just curious if anyone here on this forum has signed up to anything and had the iSignthis experience?

ISX Price at posting: 96.0¢ Sentiment: Buy Disclosure: Held
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