Transferring Funds between Accounts
ProPay’s Spendback solution offers a way for partners to pull money from one ProPay account, and into another. This feature can be used to pay for the services offered by the partner, or for merchants to purchase products from a parent-company. Spendback helps you to save money normally paid out as fees when processing typical payment card transactions.
ProPay partners can also push money from their own account. This feature is frequently used to pay out commissions, and works really well with our branded MasterCard debit cards, or with our Flash Funds feature
You can split the proceeds of a single credit card, or eCheck transaction between two ProPay accounts. This feature is often used by a ProFac Payment Facilitator to collect its fees immediately as transactions are processed. (Without the need to bill merchants monthly for the services that the partner provides). Using SplitPay helps to provide a solution for merchants who have gotten into trouble with one of the major credit card brands, for trying to aggregate transactions under their own merchant account.