DIGITAL CASH PAYMENT ACCEPTANCE
All customers have their preferred ways of paying loans or bills, with some still favoring cash over card or ACH. But accepting and managing cash transactions can require time and resources you may not have available. eCash from VITROPAY reduces the burden of cash acceptance by converting cash into digital payments so you can support any way a customer wants to pay.
A DIGITAL WAY TO PAY WITH CASH
eCash, an online cash payment solution, streamlines payment acceptance, enabling customers to pay their loans or bills using cash at any of the thousands of participating payment locations, including major convenience stores, dollar stores and pharmacies.
Every payment is settled electronically to your system of record for simplified reconciliation and end-to-end payment management all from one place.
HOW IT WORKS
Customers and borrowers can pay using cash in a few simple steps.
- Select ‘Cash’ as the payment type at checkout
- Print the barcode or download it to a mobile device
- Locate the nearest payment location and present the cash and barcode
The payment location scans the code and manages and deposits the cash for you. Their system then automatically sends payment data to your management system via API so you know as soon as a payment is made. It’s that simple!