Paywise Makes Receiving Payments Easier

Paywise is a straightforward and simple system that allows businesses to receive cash payments from customers anywhere in Trinidad and Tobago. It is a safe, convenient and reliable way to receive cash payments from customers. We have been operating since 2013 and have satisfactorily facilitated payments from customers to many businesses.

Locally, over-the-counter payments are the predominant means of payment. Over-the-counter payments comprise cash payments and electronic payments. Electronic payments are payments made using a credit card or a debit card via the LINX network. Less prevalent forms of payment to businesses are cheques, bank account deposits, and direct account transfers.

In over-the-counter payments customers choose the means of payment; cash or card. The use of cash, card or both is based on several motivations. The important thing is that customers have a choice and they select the best means of payment for them, at that point in time. This is extremely convenient and practical for customers.

More businesses are accepting payments from customers outside of the store; some have no physical store. They deliver or ship goods to customers and may accept payment-on-delivery. Payment-on-delivery takes the form of cash payment or electronic payment via a portable LINX machine. Some businesses do accept credit card payments online. However, relatively few businesses offer this payment option.

Accepting payment-on-delivery requires a face-to-face interaction. That is, a business representative must meet the customer. There are many instances when a face-to-face encounter is not practical or necessary. For example, when payment has to be made before the goods are shipped or when cash simply has to be collected from the customer.

Today businesses are selling to more customers outside their geographic location. Hence, it is more practical to have locations closer to customers at which payments can be made. The benefit to the customer is greater convenience. Businesses benefit by being able to receive payments from any customer across the country at a nominal transactional cost.

These are the benefits that Paywise provides to its clients every single day. In so doing, we have added another option to the local payment landscape. We allow businesses to focus on generating sales anywhere in the country, knowing fully well that how they receive payments is a done deal.