Mass payments

Mass online payments offer a convenient method for efficiently sending payments to a large number of recipients, ensuring a comfortable experience for both the payer and the receiver. It simplifies your interactions with clients and partners through our service. MagPays provides a PCI-certified payment gateway, effectively reducing the risks of fraud and other security concerns. This makes the process of making recurring payments to numerous recipients easier and faster than ever before.

Effortlessly disburse funds to numerous recipients in a single click. This method will not only save you considerable time and money but also ensures a straightforward, rapid, and secure process!

Cascade processing

Cascade processing, also known as cascade billing, is an effective approach for minimizing financial losses associated with unsuccessful transactions, which typically account for 5-10 percent of total payments. In the event of a failure by the primary institution, reserve acquirer banks can make several successive authorization attempts for the same payment without requiring the payer to re-enter payment information. To the payer, it appears as a single payment attempt.

Cascade processing significantly reduces the risks and losses stemming from transaction failures, enhancing overall payment efficiency and security.

One-click payments

One-click payments enable customers to conveniently make payments for goods and services using their bank cards without the need to enter comprehensive payment details. Once users have initially input their payment information, all subsequent transactions can be completed with just a single click. Rest assured, we maintain the utmost security for user information at all times.

The one-click payment option streamlines the payment process to just a few seconds, making it particularly advantageous for businesses with a sizable base of returning customers.

Recurring payments

Recurring payments empower the merchant to automatically withdraw funds from a customer's account at regular intervals, in exchange for the continuous provision of goods and services. Once the customer grants authorization, a predetermined amount is automatically deducted periodically until the subscription concludes or the customer revokes their consent.

This system allows for the automation of invoicing and payments, enhancing customer relationships and reducing the need for manual effort.

Payment splitting

Payment splitting is an automated process that simultaneously allocates and credits the payment amount to multiple recipients' accounts. This technology is highly favored by organizations collaborating with multiple partners or intermediary platforms.

If your company involves multiple contractors in its processes, consider disbursing payments to them promptly once clients have made their payments. This practice helps mitigate potential issues stemming from delayed payments or misunderstandings among partners.

Tokenization

Tokenization is a security practice that involves replacing Cardholder Data (CHD) with one or more randomly generated or algorithmically derived symbols. It is widely recognized as one of the most effective security technologies. Tokenization ensures the secure execution of digital transactions online, significantly reducing the risk of replication, as each token is unique and holds no value if stolen.