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May 5, 2020

GreenBox POS unveils new pay-in options beyond payment cards

Indian payment solutions company GreenBox POS (GRBX) has enabled its scheduled expansion to the Pay-In options into its blockchain ledger ecosystem.

Initially, during the launch, GreenBox’s blockchain-based payment ledger only accepted a credit or debit card in order to add funds to the account.

However, the company has upgraded its pay-in options which go beyond card payments.

Now, the ledger allows checks, ACH (Automated Clearing House) payments, same-day ACH payments, and wire transfers as account funding options.

Fredi Nisan CEO said: “Moving beyond just debit and credit cards as a way to fund your account has been well received by our largest clients.

“Many clients want to take advantage of our ecosystem to pay vendors and bills, yet not all of their sales derive from card processing.

“This upgrade enables GreenBox to service our clients who need varying means to bring money into the ecosystem.”

The new upgrade to the blockchain platform’s pay-in system will benefit clients that currently serve customers with limited options.

The additional payment methods are also for those that consider the costs and limitations associated with accepting a certain type of payment as business prohibitive.

Using the additional payment methods, users will be able to make large transfers that would not be possible using a debit or credit card.

GRBX recently enabled the same-day ACH payment option on its blockchain ecosystem.

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