Cleared Funds Boost Security 

Cleared funds provide a greater level of reliability and security because they offer the certainty of real cash. With credit cards, there is a possibility of chargebacks, which enable credit card companies to demand a reverse of the payment credited to businesses in the event of a disputed or fraudulent transaction.

Reversed payments means monetary losses and frustration for businesses. A payment system that only accepts cleared funds protects your business’s interests and is an effective way to prevent issues associated with credit card fraud. 

Examples of cleared funds include funds deposited through Internet banking, international wires and Australia Post (via cash or EFTPOS). With Technocash, the majority of transactions go through the banking system which leads to better security.

Safeguard yourself against credit card fraud with a payment system that accepts cleared funds only

Credit card fraud prevention is important because these crimes incur monetary losses and frustration for businesses. The Technocash system is created on the premise of security which offers reliability and assurance for businesses that need to send cross-border payments.