It’s essentially a one-time use credit card sent via email, and backed by Visa. You process the card numbers exactly like a credit card, with your POS terminal. While there’s no charge from Nexus, there is a Visa interchange fee. The benefit: you’ll get paid quicker than checks and you can track them online in NexusConnect.
Yes. Nexus offers NexusDirect straight through processing which enables suppliers to receive payment through a virtual card – without having to enter numbers into a point-of-sale system. Nexus will do that work for you and deposit the money directly into your bank account, for a competitive and consistent fee.