How does iWallet work
Customers pay via their phones by scanning the QR code with their camera. The merchant can show the code on a screen or print on paper. Best part is it doesn't require any hardware or set up costs!
ACH bank transfer is free both to merchants and to consumers! However if customers choose to pay by credit card to get their reward points, we pass on the 3½ percent processing fee to them.
iWallet can potentially reduce fraud because it uses AI ML Technology. Using QR codes to captures your customer’s signature in a safe manor, AI makes it possible to detect fraud in real-time versus having to wait weeks when chargebacks start coming in.