How We Do It
BuyLottoNow operates a proprietary closed loop debit network that works outside of the traditional bank issued VISA / MasterCard debit rails
BuyLottoNow provides consumers access to funds in their checking accounts so they may pay for lottery products at participating locations.
Consumers become aware of the program through participating retailers placement of POS signage around lottery vending machines and sales counters.
The consumer enrolls in the program via their web or mobile devices. The consumer’s checking account information and consumer-selected PIN are the key elements of the enrollment data.
At the time of payment, a consumer selects BuyLottoNow as a method of payment.
At the time of purchase the existing POS equipment will prompt for a PIN and the transaction will be sent to our platform for authorization.
BuyLottoNow then performs an electronic funds transfer on the enrolled accounts, collects the funds and credits the retailer within the next business day.
Guaranteed Settlement – No Reversals – No Chargebacks
- The settlements process includes detailed transaction reports with an audit trail.
Web and Mobile Enrollment capturing and authenticating consumer data:
Identity Verification, Age Verification, Geo Location & Purchasing Limits