Here’s What Happens When Cash Acceptance Replaces Money Orders

CASE STUDY

 

(JULY 15, 2020) Cash acceptance allows customers to enter any one of 45,000 physical locations across the U.S. to drop off cash payment. Participating locations include MoneyGram, WalMart, Kroger, CVS, Advance America locations and more.

Cash acceptance is a great solution for unbanked and underbanked customers, and can be applied to e-commerce, tuition payments, loan payments – even rent. Learn how Domuso, a software firm with an innovative B:B platform used by the apartment rental industry, contracted with KyckGlobal to allow residents to pay rent in cash to reduce the friction caused by money orders. Domuso selected KyckGlobal for its ability to meet three key requirements:

  • Ability to settle to multiple downstream payers
  • Expansive network of cash acceptance endpoints
  • High scalability to support growth

A few of the benefits of cash acceptance implementation at Domuso:

  • Improved on-time rent payments from lower-income properties
  • Decreased operating costs
  • Greater control of fixed costs

Click here to read the full case study  (PDF).

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