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Merchant can directly refund the amount back to the Credit/Debit Card. This functionality is only available for VISA/Mastercard and only applicable on limited Banks
How this process goes :
Step 1 : Verification - Here the card number and card bin will be verified if the instant transfer is supported or not. In case of instant transfer is not supported, then merchants can select whether they prefer to transfer the funds to the card or not while creating the request for the same.
Step 2 : Disbursement - Based on the inputs from merchants, the fund will be disbursed to cards as per their wish.
We have even collaborated with one of the most popular banks and financial institutions to make your payouts easier
Along with Mastercard, we have collaborated with 15 top debit card providing institutions which consist of State Bank of India, RBL, Standard Chartered, Indusind and many more and in case of credit cards, we have partnered with 7 of them which include HSBC, SBI Cards, Indusind and a few more.
With Visa, we have associated with 15 highly popular institutions like State Bank Of India, ICICI Bank, Axis bank and so on. In the case of Credit Cards, we have partnered with SBI cards to provide you with the best experience.
It is effortless, isn't it? We, at Financial Power services, strive to bring out the best of services so that you don't have to carry the load of handling all the Finances while we can do that for you!!!
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