Flexible Payment Accounts with PSI Pay

PSI Pay is a fast and easy way for businesses to offer payment solutions. They offer a variety of products around the world to meet individual needs in the business world. Available in 44 different currencies and 173 countries, PSI Pay is a safe solution for all types of businesses.

What kind of different products does PSI Pay offer? What makes them different?

PSI Pay is more than just a payment option, it offers four different products.
1. An online payment account which allows businesses to create a virtual account for employees as well as customers. These accounts allow the business to quickly deposit funds for quick access. They also have the ability to withdraw funds or make money transfers.
2. A virtual payment card which creates a virtual MasterCard number linked to an account. This card can be used anywhere online that accepts MasterCard, even where PSI-Pay is not accepted. Simply enter the virtual card number into the payment screen like any other credit card. Money is pulled directly from the associated account.
3. A physical payment card which is a prepaid debit card that can be used anywhere MasterCard is accepted. Money can be withdrawn from participating ATMs as well but some fees may apply.
4. A contactless payment function, called PayPass, which allows the consumer to make purchases of £20 or less without the need to enter a PIN. Simply wave the card in front of the card reader and be on your way.

PSI Pay offers contactless payments, how does PSI Pay protect each financial transaction?

PayPass uses encryption that is unique to each purchase as a means of protecting each transaction. Never worry about handing your card to the wrong person or forgetting to get it back since you maintain possession at all times. Never worry about a charge being duplicated when it is accidentlly scanned twice with the duplicate safeguard. Contactless payment really does simplify shopping.

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