BENEFITSLinQpay offers distinct and quantitative value for our merchant with our Global LinQ and Mobile LinQ services.
Global LinQ
LinQpay’s unique global service offers solutions for both Blue Chip merchants selling goods and services around the globe, as well as small to medium merchant selling in multiple markets. Whether your an American-based automobile parts dealer selling engine parts in Germany (using ELV), an English-based software company selling software in Japan (JCB or Cash-Over-the-Counter), a Dutch-based coffee company selling coffee in France (Carte Bancaire/Carte Bleue), LinQpay has a solution for them all.
Whether you’re a Blue Chip international conglomerate or a start-up selling goods or services in a single foreign market, the LinQpay Global Payment Platform can help you:
• Increase sales
• Retain customers
• Reduce costs
• Streamline operations
• Reduce time to market
Increase Sales
By offering popular local alternative payment options in each major country globally, LinQpay merchant can increase penetration into world markets. LinQpay merchants typically experience a 15% to 35% increase in sales.
Retain Customers
By offering popular local payment methods, LinQpay merchants ensure a pleasant purchasing experience. The evidence demonstrates that a satisfied customer is a return customer.
Reduce Costs
LinQpay merchants reduce costs by:
• Processing credit cards in the less expensive domestic markets.
• Processing debit cards over the debit networks (flat rate) as opposed to the credit card networks (a percentage of the transaction).
• Processing local payment options in local markets (flat rate) rather than the credit card networks (a percentage of the transaction).
Streamline Operations
LinQpay streamlines operations by:
• Automatically capturing all settlement files from each acquiring institution and matching them with the actual currency received before
sending the data to our merchants, Full Reconciliation.
• Delivering one concise and easy-to-read settlement report that reconciles multiple currencies, exchange rates, banking partners,
and languages.
• Offering international merchants the only true global payment solution. One vendor, one system, one solution, one world.
Reduce Time to Market
LinQpay reduces the time to market with its automated application submission, risk assessment review, and merchant account assignment process. New merchants are typically able to have a merchant account live and process transactions within 24 hours.
Mobile LinQ
LinQpay mobile ecommerce payment platform is positioned to become the dominate payment service within the micro and small business verticals. Vwire’s goal is to offer a mobile payment platform which is simple, secure and easy to use. Our unique mobile payment platform offers a complete and almost instant solution for micro and small business payment needs.
• Increase sales
• Lower Fraud
• Decrease Time to market & Lower Start up Costs
• Increase Security
• Lower Operational Costs
• Client Retention
Increase Sales
LinQpay merchants typically realize a 20%-40% increase in sales by offering their customers the ability to pay with credit cards. No longer due micro, small and multi-level organizations need to lose business because customers do not have cash on hand.
Lower Fraud
LinQpay merchants see significant decrease in fraud. With the ability to process credit cards on site and in real time, LinQpay merchants no longer need to accept personal checks. They can now offer credit card processing and thus do away entirely with fraudulent writing of personal checks.
Decrease Time to Market & Lower Start up Costs
LinQpay customers realize a faster time to market and a substantial decrease in time and money spent obtaining merchant accounts and hardware. Merchants are live and operational within hours. No longer do business’ need to spend hundred of dollars on expensive and cumbersome point of sale terminals, nor do they need to spend months negotiating with banks to obtain merchant accounts. LinQpay offers out-of-the-phone merchants solutions within hours.
Increase Security
LinQpay allows micro and small business the security and peace of mine of not having to carry large amounts of cash. By accepting non-cash payments, the business owner can now have less cash on hand and lower the probability of mishaps.
LinQpay mobile payment platform is also certified with Visa and MasterCard for safe and secure processing. Our 128 bit encrypted SSL secured system guarantees a safe and secure payment transaction.
Lower Operational Costs
LinQpay customers typically realize time and cost savings in the following two areas.
First, by allowing fully electronic transactions, merchants no longer need to manage, deposit and reconcile cash and check purchases. LinQpay mobile payment platform captures transactions at the point of sales and deposits the funds directly into the merchant’s bank account.
Second, LinQpay’s reporting system posts all transactions to the merchant’s dedicated LinQpay reporting interface. The merchant can now access all transactions through our real time merchant interface. Full reconciliation and settlement are completed and posted upon processing.
Client Retention
LinQpay merchants typically realize a higher client retention rate. By offering a simple and fast method by which to process credit cards, merchants can ensure a pleasant and fast purchasing experience. A satisfied customer typically is a return customer.