Straal – an international provider of effective payment, optimization, and fraud prevention solutions for digital businesses – announced that it had launched a new real-time payout method, Original Credit Transaction (OCT).
The newly introduced payment method enables fast and limitless cross-border fund transfers to card users. Thanks to this feature, every merchant can make convenient payouts to their customers within minutes through Straal’s smart payment gateway – no IBAN needed.
The real-time OCT solution is a PCI compliant way to safely send funds to clients. It leverages the security of global payment networks and Straal’s encryption technology.
What is more, the new functionality allows merchants to bring value to their customers on a truly global scale: funds might be sent to over a billion eligible card users from more than 200 countries.
Payouts have applications in various industries. They might be used in the Mobility-as-a-Service (MaaS) sector while paying drivers or paying out users charging e-scooters. One could even transfer winnings from an online casino or lottery. The convenient and user-friendly system is efficient and flexible.
From a merchant’s perspective, the flow is really smooth: the merchant sends a payout request to Straal. The funds are then transferred from the merchant’s account and arrive almost instantly on the customer’s account via Visa / Mastercard rails.
Our new payout solution allows our merchants to send funds to their customers and partners at the speed they expect. We are proud to keep introducing new payment functionalities on our platform that bring additional value to our customers. – comments Michał Jędraszak, CEO of Straal.