TravelCash Announces Digital Alternative for Mobile Payments

COLUMBUS, Ohio, Dec. 5, 2018 /PRNewswire/ -- TravelCash, a new mobile payment system, is using blockchain technology to provide a digital alternative to the credit card industry by introducing a lower cost payment processing solution, resulting in significant savings for merchants and customers. TravelCash is developing a cryptocurrency and integrated mobile payment and rewards system over the Stellar platform which is capable of processing between 1,000 and 5,000 transactions per second.

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When it comes to credit cards, merchants face high processing and transaction fees that can run as high as 3.5 to 4 percent. For merchants that experience a high volume of chargebacks, this fee can run even higher. Even paying 2 percent—not counting the additional monthly and per-item fees—can dramatically alter the cash flow of a business. With brick-and-mortar retailers facing increasingly tight margins, a low-fee payment system could mean the difference between profitability and ... read more