‹New feature, separately licensed›
Now, Way4 Acquiring includes real-time financial balance control for merchants during credit operations. This is especially beneficial for acquirers managing mid-sized merchants with high transaction volumes in industries such as marketplaces, taxi services, and gambling. It enables merchants to execute on-demand money transfers without exceeding their available balance, effectively addressing the challenge of potential self-blocking in extensive merchant networks.
This enhancement eliminates the previous approach, which required manual and semi-offline monitoring by Way4 users, and replaces it with a fully online process, which results in significant savings for acquirers. It increases the operational efficiency of Way4 users by facilitating online payments without the need for large security deposits or intensive manual oversight, potentially halving the workload of financial controllers.
Moreover, the solution enhances acquirers' fraud and error prevention measures, safeguarding merchants from overdrafts and protecting acquirers against losses due to merchant insolvency. This feature is crucial in preventing inadvertent negative balances for both merchants and acquirers.
The new feature does not provide online fee blocking, neither does it report the balance in high availability mode. But despite these limitations, it gives both merchants and acquirers a significant level of protection.
Overall, this enhancement equips acquirers on the Way4 platform with more effective tools to monitor and control the balances of their merchants. They enjoy greater protection from errors and fraud, and achieve better financial management in environments with high transaction volumes.