TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (PINKSHEETS: TCHH) today confirmed that it has successfully tested its new direct pay service, Trustcash Direct.
Trustcash Direct allows a consumer to pay a bill directly to a merchant from a bank account.
The key benefit to Trustcash merchant is no chargeback risk because it is a cash payment from their customers.
Merchant Experience: Direct pay -- cash transfer to a Trustcash account -- that is designated as the Merchants Account. There is no co-mingling of merchant funds and it is a "direct push" of funds by the consumer to the merchant so there is no chargeback risk.
Customer Experience: At checkout, clients are provided a Trustcash Account ID. This Account ID can be used for an online payment from the client's bank account or it can be used by a consumer without a bank account at any financial institution. Generally no fee is charged by the bank to effect these transactions.
Upon completion of testing, Trustcash Direct will be rolled out to its merchants.
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