Gift-Pay™ is the digital method of sending money by way of voucher credits worldwide. The secure, low cost solution allows for the instantaneous transfer of credit for the B-2-B & B-2-C markets.
A Business buys an electronic credit/voucher from Gift-Pay™ by specifying an amount and the unique user identifier (VCode® App ID) associated with the recipient.
The VPlatform™ (by VST Enterprises) will automatically assign Gift-Pay™ credits against a VCode® to be read and redeemed by the designated Unique User ID.
USER RECEIVES VCODE®
The user associated with the Unique User ID will receive a notification once Gift-Pay™ credit/voucher is received (via VCode®).
The associated user scans the VCode® , redeems the credit and nominates a bank account to complete the transfer.
A loading fee is taken at source for the generation and fulfilment of each credit/voucher.
The electronic credit/voucher VCode® is sent to the designated user instantaneously.
Full transparency (KYC & AML checks) is available for the sender until the Gift-Pay™ credit/voucher has been redeemed or forfeited by the recipient.
There is no cap on a Gift-Pay™ credits/voucher (extended AML & KYC checks are recommended for transactions over $14,999.00)