%100 UNTRACEABLE MONEY COLLECTION
The main difference with QR deposit solutions is the destination of the money is totally anonymous. Transactions look like the customer withdrew cash with an ATM from their own.
Detailed information and technical details about QR code cash collection solutions.
- Betting and gambling sites need to have a wide range of payment methods available.
- Customers are impatient when they want to place a bet or play a game of chance, and they expect to deposit funds instantly. Timing is crucial.
- Due to various laws and regulations in different countries, betting and gambling sites may be classified as illegal.
- The legal status of online gambling and betting in the world.
- Therefore, payment collection processes can pose challenges.
QR Cash Collection solutions enable customers to conduct transactions on the website’s user interface independently. The customer accesses the interface, enters their information, specifies the amount, and the system queues the customer’s request and forwards it to the cash collection team.
After the request is forwarded to the cash collection team, the process continues as follows:
Upon receiving a notification through the field application provided by Masterbank.io, details such as the bank ATM from which the money will be withdrawn, the amount, and all necessary information for the withdrawal are included. A countdown begins, and all instructions are provided to the cash collection team to swiftly carry out the transaction.
If there is an issue during the withdrawal process or if the withdrawal fails, the system detects it and ensures a prompt retry of the transaction. Once the withdrawal process is successfully completed, bank account transactions are checked, and the transaction is confirmed with a receipt. All transaction details are logged and added to statistics. The customer’s balance is verified and updated, enabling them to use their balance for betting or gambling.
QR-based cash collection solutions are developed not only to integrate with gambling and betting sites but also to provide a solution for bookmakers in their cash collection processes.
In many countries such as India, Lebanon, Malaysia, China, Syria, Iraq, contacting bookmakers is common to deposit balance into gambling and betting sites, and cash is delivered to these individuals. In situations where bank transfers pose a risk for both parties, individuals prefer to deliver money in cash.
With Masterbank’s QR-based payment collection solution, bookmakers can swiftly collect payments from their customers regardless of their locations. The bookmaker creates a link through the provided interface and sends it to the customer. The customer enters their bank account information via the interface, and the transaction is promptly forwarded to the cash collection team. The cash withdrawal process is completed, and the balance is added.
Since the cash withdrawal process appears as if the customer has made it from an ATM themselves, there is no visible transaction indicating that the money has been deposited to the bookmaker, gambling site, or betting site. It’s an entirely untraceable method for both parties, ensuring 100% reliability in payment.
QR Cash Collection systems offer solutions only for customers who want to deposit money. Another products of Masterbank.io, Bank Transfer Match system or P2P Money Transfer Match system provide solutions for both depositing and withdrawing customers.
QR cash collection system is possible in any country where banks offer the ability to withdraw money via QR codes. Upon request with a commitment of turnover, the system for the requesting customer is rapidly activated.
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