Canadian payments company PaySprint announced in a Monday, June 13 press release the launch of what it called a “100% subscription-based” global money transfer and payment processing service.
The service shares the company name. The company said the new platform will save users money on transaction fees and wallet-to-wallet services work in both formal and informal economies.
Users are offered two versions of the company’s services through its website or smartphone apps.
The free version allows fee-free money transfers and payments for merchants who have registered with the company. The option of $30 per month or $300 per year – the company’s website does not specify whether the reference is to US or Canadian currency – also allows otherwise free payments to merchants around the world who are not not registered with the company.
“Small business owners, freelancers, consultants and many professionals are also finding the PaySprint for Merchant account to be a more affordable method of accepting payments from customers,” the company said in its announcement.
PaySprint noted that it also offers merchants a range of other services.
One offering, called eStore, helps merchants drive traffic to physical or online stores.
A service called eFX allows traders to access foreign currencies. Another service, PaySprint eConnect, allows businesses to target customers based on their physical location. And a service called eCase provides merchants with working capital.
In its online marketing materials, PaySprint advertises itself as “the fastest, most affordable way to send and receive money. Pay your bills and get paid anytime!”
The company touts its services, in addition to retailers and consumers, contractors, utilities, and rental property owners.