Are you a business looking to process refunds, payouts, or commissions directly to your customers?
Original Credit Transaction (OCT) is a payment method that enables the direct electronic transfer of funds to debit and credit cards issued by Visa®, Mastercard®, and supported UnionPay® cards worldwide. It is a cost-effective and reliable way to send funds directly to customers.
MiFinity supports Original Credit Transactions globally through its fast and secure PayAnyCard™ and PayMyCard™ solutions.
Why Use Original Credit Transactions (OCT)?
Making refunds, payouts, and commission payments is straightforward with OCT. Key benefits include:
- Funds are sent directly to the customer’s debit or credit card
- A cost-effective and reliable way to transfer funds
- Acquirer Reference Numbers (ARNs) enable transaction tracking for Visa® and Mastercard® payments
- Global reach with support for multiple currencies
- Fast delivery, with most transactions completed instantly or by the next working day
- Flexibility to choose payout currency with PayMyCard™
Global Reach and Flexibility
A key advantage of OCT is its extensive global coverage. Through MiFinity’s established network, payments can be processed in over 170 countries, enabling businesses to operate internationally with ease.
Original Credit Transactions provide a fast, efficient, and cost-conscious way to send funds to customers via the MiFinity platform. With PayAnyCard™ and PayMyCard™, businesses can tailor the payment experience to meet customer preferences.
MiFinity’s wide geographic coverage supports payments in multiple currencies. Depending on the card issuer, funds are often delivered instantly or within one working day.
Security and Reliability
All payout transactions are processed securely through globally recognised card networks such as Visa® and Mastercard®. These established networks ensure that payments are transferred safely and directly to the recipient’s debit or credit card.
There is no need for customers to provide additional banking details such as IBAN or BIC, helping simplify the payment process while maintaining strong security standards.
Key Advantages of OCT
- Send and receive funds in multiple currencies
- Faster payments compared to traditional bank transfers or cheques
- High acceptance rates across global markets
- Competitive and transparent pricing
- Secure, convenient, and flexible payment solution
Get Started
Looking for a simple and efficient way to send funds globally? Original Credit Transactions (OCT) provide a fast and cost-effective payment solution.
For more information, contact [email protected]
MiFinity offers a wide range of payment solutions designed to support both businesses and individuals with secure, flexible, and efficient ways to manage and move money.
