ForumPay Expands Payment Infrastructure with Card and Bank Transfer Solution

ForumPay has announced an expansion of its payment infrastructure, enabling merchants to accept card and bank transfers in addition to crypto payments.

The new solution allows customers to initiate purchases using any Visa or Mastercard and bank transfers in selected markets, with funds routed automatically through ForumPay's infrastructure.

This means that merchants can now offer card and bank payments without registering as a card acceptance business, sidestepping chargeback liability and PCI-DSS compliance costs while still receiving precisely the amount invoiced.

ForumPay's innovative new payment flow is designed to solve the issues associated with adding additional payment methods, such as chargeback exposure, compliance requirements, and complex settlement processes.