Global Primex, a payments company that prioritizes privacy and focuses on safe online payment methods for individuals and businesses, released a new version of its payment platform VLoad in collaboration with Metropolitan Commercial Bank. VLoad is a cutting-edge way of online payment that gives customers the highest degree of confidentiality available. It gives businesses in the VLoad Merchant Network the potential to increase sales due to unmatched fraud detection, dispute resolution, and acceptance rates.
Marek Sala, the CEO of Global Primex, stated, “Global Primex was founded on the premise of creating anti-fraud solutions for online merchants suffering from excessive chargebacks and low acceptance rates, and for providing consumers with a best-in-class private and secure online payment method. With VLoad, merchants are protected under Global Primex’s PCI DSS Level 1 certified payments platform, benefitting from early fraud detection and dispute resolution, while customers’ identities and data are kept private from third parties. VLoad brings tremendous value in industries such as online gaming where we can bring consumers and merchants together in an environment where the risk of fraud on either side of a transaction is significantly diminished.”
Due to its knowledge and experience in resolving payment issues for racialized elevated vendors afflicted by excessive fraudulent charges, low acceptance rates, and fraud, Global Primex is targeting such sectors as structured digital gaming service providers, entertainment, travel, and subscription billing services in the U.S. while VLoad is targeted to the general e-commerce market in the U.S. and is ideal for a wide range of online merchants.
Customers can access merchants through the VLoad Merchant Network who have passed the stringent merchant due diligence process used by Global Primex:
- whose goods and services customers desire but have trouble obtaining using conventional payment methods;
- those who require some (or a lot of) assistance in managing their fraud and payment dispute risk;
- who desire instant, low-cost access to an ecosystem of tens of thousands of consumers, all of whose identities have been confirmed and whose combined fraud rate is a tiny percentage of the market standard.
Nick Rosenberg, Executive Vice President, Head of Global Payments Group, Metropolitan Commercial Bank, commented, “Our partnership with Global Primex is a natural fit given our shared vision around the digital transformation of the payments space. We look forward to introducing a product that will provide both sides of a purchase with a strong sense of security through VLoad transactions.”
All companies taking part in the G Merchant Network have immediate access to the entire buying power of their clients in one site. Online payment options for VLoad include debit card, credit card, ACH/open banking, and wire.