Luxon Payments processes transactions in near real-time with both the buyer and seller of the value chain operating within our payment infrastructure, in effect a closed loop acquiring environment for business.
Enabling merchants to accept multi-currency payments from countries around the world. Inbound payments to a user wallet are in multiple currencies while maintaining a clear and auditable ledger of transactions.
The Luxon Pay eWallet uses its own global online electronic currency, enabling it to send funds between users. Immediacy of receiving funds for collection of your charges to the user for services, is achieved through wallet to Merchant wallet fund movements. Payments made from all major approved cards, from a number different of currencies, are converted into Euros.
It is then converted back to the customers' preferred currency at withdrawal. We use our economies of scale and aggregated fund management to buy and sell FX at commercial rates and pass the cost benefit on to you.
No matter who your customers are or what service you provide, Luxon can help your business create a faster, safer and more efficient system for processing secure payments around the world, whilst mitigating risk and reducing your transaction costs.
All Luxon users are taken through a simple, KYC process that confirms their identity via photo ID, proof of address and liveness test through their mobile camera and video, as well as checking them against law enforcement data in a number of countries.
Payments that are made from Luxon Pay 'approved countries', are converted from local currency to Euro for user ewallet Pay-In and the reverse for Pay-Out, using a referenceable mid-point day rate.