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Accepting Cash Deposits with Flexepin

Flexepin is a cash top-up voucher product that provides an online payment option to fund online accounts such as Bitcoin wallets.

Simple for users
From a consumer point of view, the process is very straightforward: vouchers can be purchased at thousands of retail stores such as local shops, newsagents, and petrol stations. Once purchased, the consumer receives a voucher in the form of a receipt containing a unique 16 digit-PIN that can be instantly redeemed online.

Anthony Varvaro, Strategic Global Business Development at Flexewallet highlights the profile of Flexepin consumers:“Flexepin is optimal for consumers who either prefer not to expose their banking credentials online, are used to conduct their transactions predominantly utilising cash; and customers who are unbanked or having issues with cards processing.”

Low risk & easy setup
Fast and convenient for first time Bitcoin buyers, Flexepin is also easy to integrate for merchants. Thanks to their API setup, merchants could accept Flexepin vouchers within a few days. Having no chargeback risks and no setup or monthly fees, this product seems popular amongst Bitcoin merchants. David Temple, CEO of Coin Loft, a technology company facilitating the purchase of digital currencies shares his experience:

“Adding Flexepin vouchers as a payment method for Bitcoin purchases has been a big hit with our customers. It is often much easier for people to buy vouchers than to get to a bank to make payment. It also allows our customers to make their digital currency purchase at a time that suits them and from the comfort of their home. They can simply buy a Flexepin voucher for a set value and redeem it on our website at any time. Overall, Flexepin has enabled us to increase our customer base significantly. The fact that there are no chargebacks that are common with some other payment methods allows us to minimise our risk profile, which effectively reduces costs.“

About Flexepin:
Flexepin is a product issued and managed by Flexewallet Pty Ltd, a wholly owned subsidiary of the Novatti Group Ltd (ASX:NOV). Flexewallet holds an AFSL for Non-Cash Payments. Flexepin cash voucher is a prepaid voucher to make secure, hassle-free online payments. Flexepin can be purchased in various currencies and pre-determined dominations. Largely distributed in Australia and Canada, Flexepin will shortly commence operations in Europe, Asia and some African countries in the coming months.

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Jeudi 24 Novembre 2016