GolleCard Connect – a new service to enable merchants to accept credit card payments anywhere

GolleCard, the Mount Vema company that facilitates electronic funds transfers throughout the world, through GolleCard-branded cards such as credit cards and prepaid cards, announced plans to introduce a new service in August this year called ‘GolleCard Connect’.
 
GolleCard Connect is a system that enables a merchant who is not yet able to process GolleCard payments to settle the payment with GolleCard, when the merchant is willing to accept GolleCard as a method of payment when a customer presents the card to pay for goods or services.
 
How will GolleCard Connect work?
It will work like this: Francesca has a GolleCard with Mount Vema golles. Francesca wants to pay for a good or service provided by a merchant priced in golles or another currency. The merchant tells Francesca that he does not know GolleCard and does not have the means to accept GolleCard as a method of payments. But Francesca wants to buy, and the merchant wants to sell. So, Francesca logs into her GolleCard account and send an alert to her ‘GolleCard Connect’ service with the seller’s contact detail. ‘GolleCard Connect’ reaches out to the seller, make arrangements for settlement and pays the bill through other means. The amount paid is then deducted from Francesca’s GolleCard credit card, charge card, debit card, or prepaid card which she intended to use for the purchase, and the transaction is completed.      
 
The GolleCard Connect service starts in August this year 2023 when the systems will merge to link all submitted summary statements showing the purchase time and date, reference number, merchant name, and the golle amount of each purchase to be settled in golles or in the local currency of the merchant.