Net Element's Unified Payments Launches Zero-Fee Processing Program for SMB Merchants in the United States
07 September 2017 - 10:47PM
InvestorsHub NewsWire
September 07, 2017 08:30 ET
Zero Pay program to save merchants costs involved with
accepting credit and debit cards using mPOS
MIAMI, FL--(NewMediaWire - Sep 7, 2017) - Net
Element, Inc. (NASDAQ: NETE) ("Net Element" or
the "Company"), a global financial technology and value-added
solutions group that supports electronic payments acceptance in an
omni-channel environment spanning across point-of-sale (POS),
e-commerce and mobile devices, today announces that its Unified
Payments subsidiary has launched a Zero-Fee processing program for
small and medium-sized businesses ("SMB") in the United States
through its exclusive Zero Pay program available
at www.zeropay.org.
Zero Pay is the first and only cash discount program available
on mobile point-of-sale ("mPOS"). Zero-Fee or "no cost" processing
is a solution where credit card processing fees are passed to
customers automatically at the point of sale. A service fee is
applied to all non-cash sales no matter how the payment is
processed: credit cards, debit cards, gift cards, checks,
etc.
Unified Payments makes it easy for its merchants to start saving
with three easy steps:
1. Download the Unified mPOS application for Apple
iOS, Android Google Play or sign-up Online
2. Get approval email
3. Login and Start Processing
Qualified merchants will receive a free EMV-ready reader
compatible with most smartphone devices and tablets.
"Now merchants have the freedom to control their processing
costs in a way not traditionally available over other popular
mobile POS products and solutions," commented Vlad Sadovskiy,
President of Integrated Payments for Net Element. "Accepting
payments with a mobile device has become the new norm for
SMBs."
About Net Element
Net Element, Inc. (NASDAQ: NETE) operates a
payments-as-a-service transactional and value-added services
platform for small to medium enterprise ("SME") in the US and
selected emerging markets. In the US it aims to grow transactional
revenue by innovating SME productivity services such as its cloud
based, restaurant and retail point-of-sale solution Aptito.
Internationally, Net Element's strategy is to leverage its
omni-channel platform to deliver flexible offerings to emerging
markets with diverse banking, regulatory and demographic conditions
such as UAE, Kazakhstan, Kyrgyzstan and Azerbaijan where
initiatives have been recently launched. Net Element was named in
2016 by South Florida Business Journal as one of the fastest
growing technology companies. Further information is available
at www.netelement.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Any statements contained in this press release that are not
statements of historical fact may be deemed forward-looking
statements. Words such as "continue," "will," "may," "could,"
"should," "expect," "expected," "plans," "intend," "anticipate,"
"believe," "estimate," "predict," "potential," and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements include, without
limitation, whether the launch of Zero-Pay will be beneficial to
the Company, whether Net Element can secure any additional
financing and if such additional financing will be adequate to meet
the Company's objectives. All forward-looking statements involve
significant risks and uncertainties that could cause actual results
to differ materially from those expressed or implied in the
forward-looking statements, many of which are generally outside the
control of Net Element and are difficult to predict. Examples of
such risks and uncertainties include, but are not limited to: (i)
Net Element's ability (or inability) to obtain additional financing
in sufficient amounts or on acceptable terms when needed; (ii) Net
Element's ability to maintain existing, and secure additional,
contracts with users of its payment processing services; (iii) Net
Element's ability to successfully expand in existing markets and
enter new markets; (iv) Net Element's ability to successfully
manage and integrate any acquisitions of businesses, solutions or
technologies; (v) unanticipated operating costs, transaction costs
and actual or contingent liabilities; (vi) the ability to attract
and retain qualified employees and key personnel; (vii) adverse
effects of increased competition on Net Element's business; (viii)
changes in government licensing and regulation that may adversely
affect Net Element's business; (ix) the risk that changes in
consumer behavior could adversely affect Net Element's business;
(x) Net Element's ability to protect its intellectual property;
(xi) local, industry and general business and economic conditions;
(xii) adverse effects of potentially deteriorating U.S.-Russia
relations, including, without limitation, over a conflict related
to Ukraine, including a risk of further U.S. government sanctions
or other legal restrictions on U.S. businesses doing business in
Russia. Additional factors that could cause actual results to
differ materially from those expressed or implied in the
forward-looking statements can be found in the most recent annual
report on Form 10-K and the subsequently filed quarterly reports on
Form 10-Q and current reports on Form 8-K filed by Net Element with
the Securities and Exchange Commission. Net Element anticipates
that subsequent events and developments may cause its plans,
intentions and expectations to change. Net Element assumes no
obligation, and it specifically disclaims any intention or
obligation, to update any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by law.
CONTACT INFORMATION
Contact:
Net Element, Inc.
media@netelement.com
+1 (786) 923-0502
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