FLASH is designed to be SPENT. It’s ideal for merchants, providing very fast processing time to speed customer checkout and very low fees. Credit cards cost merchants billions a year in transaction fees, while FLASH is the true person to person community coin providing transaction processing for under a penny per transaction and no chargebacks or merchant holdback accounts. When you accept a FLASH transaction, it goes right into your wallet and it’s 100% yours to immediately spend.
If a merchant pays 2% transaction fees with credit cards and they have a 10% pretax income on their business, credit card fees are like a 20% tax on their business. FLASH savings add up quickly and go right to the bottom line.
FLASH merchant services will include: