When using a new technology that handles your money for the first time concerns about security and potential fraud is completely valid. Rest assured ipaymy holds keeping your data secure to the upmost regard.
Let's get a bit technical...
Any organization involved in processing, transmission, or storage of card data must comply with the Payment Card Industry Data Security Standards (PCI DSS). Our payment technology has been audited by an independent PCI Qualified Security Assessor (QSA) and is certified as a PCI Level 1 Service Provider. This is the most stringent level of certification available in the payments industry and is based on having experience of processing over 6 million Visa or MasterCard payments annually.
Now what does this mean? This means ipaymy does not store sensitive card data and your data is protected using encryption technology.
We understand that the payments you make on ipaymy are of a sensitive nature. ipaymy processes thousands of payments for our customers and we guarantee your recipient will receive the payment on the pay out date you have scheduled it for.
If in the unlikely event we fail to deliver your payment on time, ipaymy will completely refund the fee for the affected payment AND the fee for your next payment of equal value will be waived.
Learn more about ipaymy's "On-Time Payment Guarantee" here.