Customers who make purchases with debit cards will be able to withdraw up to said amount in cash with Payway’s Extracash service.
Starting in October, businesses that use Payway’s Extracash service will allow their customers to withdraw up to $70,000 in cash with debit cards.
Cash withdrawal in stores or Extracash It already represents 4.18% of the total volume of debit card consumption, according to the latest Payway Index for the second quarter of 2023.
The extracted amount is credited to the merchant’s account 24 business hours after submitting the operation. The details of the operations can be consulted in the daily and monthly settlements within the portal My Payway.
Furthermore, the portal My Payway It allows you to consult the status of sales and payment dates, manage new services for your business, create and share payment links, generate interoperable QR codes, among other functionalities.
“Starting in October, they will be able to withdraw up to $70,000, improving access to cash. For our businesses, in addition to attracting customers, it reduces risks and costs associated with cash management.“, indicated Lucas Gracia, Head of Product Payway.
Source: Ambito
