A company that provides money withdrawal services increased the margin of cash that its users can withdraw at merchants participating in its network.
The Payway collection platform increased to $170,000 the limit for cash withdrawals in its network of merchants starting in April. Thus, from the current month, what users who do purchases with debit cards in businesses that operate with this company they will be able to extract up to said sum with the service of Extracash.
The company reported that businesses that use the service Payway Extracash They will be able to offer their clients the possibility of withdrawing up to $170,000 in cash with debit cards, as long as the ATM has cash available.
He cash withdrawal in shops o Extracash already represents the 3.82% of the total consumption volume with debit cardaccording to the latest Payway Index for the fourth quarter of 2023.
A safer and more economical option
“Extracash from Payway is a very safe methodor for users to obtain cash, with great capillarity throughout the country, while making purchases. Starting this month, anyone will be able to withdraw up to $170,000, improving access to cash. At the same time, our businesses attract customers and reduce risks and costs associated with cash management,” says Lucas Gracia, Head of Product Payway.
The amount withdrawn credited to the merchant’s account 24 business hours After submitting the operation and the details of the operations can be consulted in the daily and monthly settlements within the Mi Payway portal, which allows businesses to consult the status of sales and collection dates, manage new services for their business, create and share payment links and generate interoperable QR codes, among other features.
Source: Ambito
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