YNOT – Atlanta, Ga.-based TrustCash has expanded its anonymous online payment services to include cold, hard cash. TrustCash Deposit allows consumers to select products and services at websites, then pay for their purchases face-to-face at any participating real-world bank nearby — no credit cards, no checks, no personal details required.On the merchant side, TrustCash Deposit guarantees payment and eliminates chargebacks, a company representative said.
“In today’s economic climate, merchants are well aware that versatile payment options are a key element of converting at the point of sale,” said TrustCash President Kent Carasquero. “[But] we have all seen a spike in consumer chargebacks during recent years, some with good reason and others simply as a way of not paying for services which were properly rendered. Since TrustCash Deposit is an actual cash payment and does not make use of credit, there are no chargebacks. All sales are final, and that allows merchants to have a greater degree of financial certainty when determining their [return on investment] or budgeting future expenditures on behalf of their online brands.”
The system is accepted by more than 10,000 banks in the U.S. and soon will be available in Europe, as well, Carasquero added.
In addition to chargebacks, TrustCash Deposit removes credit checks and declines from the equation. Since consumers pay for their purchases face-to-face and in cash, the system also incorporates an extra layer of privacy and security.
To learn more about TrustCash Deposit or the other services offered by the compant, visit TrustCash.com or call (800)-975-5196.
