Tagcash enables users and merchants to deposit, spend, charge, transfer and withdraw Fiat currencies using web and mobile app wallets. Merchants can also use the Tagcash API to integrate services into their own products. There are no transaction fees for user to user or merchant to merchant transfers.
For payments from user to merchant account, tagcash charges 2%, half of which is given as a rebate to the customer in TagCoin rewards cryptocurrency, and the other half added to a fund that is given back to customers via scratchcard prizes.
OPTIONS FOR TYPES OF PAYMENT METHODS
- User to User Transfer - Free
- Merchant to Merchant Transfer - Free
- User to Merchant Transfer - 2% Merchant Fee
- Pay by Voucher - 2% Merchant Fee
- Pay by Quickpay - 2% Merchant Fee
- Pay by QR Code - 2% Merchant Fee
- Creating or Redeeming Vouchers - 1 Tagcoin or 1 peso (or equivalent in local currency)
- Cash in own wallet from Bank - Free
- Cash out to Bank Local - 20 pesos Fee or 40 TagCoin
- Cash out to Bank Intl. - $25 USD wire transfer fee (or 2,000 TagCoin)
- Creating Tokens - 99 USD or 7500 TagCoin
- Merchant Setup Charge - Free
HOW REWARDS AND SCRATCHCARDS WORK
At the point of payment, as soon as funds are sent to a merchant account, 2% is deducted. Of that 2 percent, half is paid to the user in the form of TagCoin Cryptocurrency rewards, which itself can be traded or used within Tagcash ecosystem or elsewhere. The other half is added to a central fund which is drawn from to give prizes via Scratchcards. Every time a customer pays more than USD $2 equivalent, a scratchcard is given which gives the customer a chance to win money or other rewards. Merchants can opt to pay half the merchant fee in Tagcoin, which will automatically be deducted from their TagCoin wallet. Merchants have the option to accept TagCoin as a method of payment for all or part of purchases, so the 2% fee is in effect reduced.
So, if you want to earn TagCoin cryptocurrency, insist that your merchant start taking payments using Tagcash. It's faster and you will earn! You will also have a chance to win money and prizes each time you make a purchase.
Merchants can use various methods for charging customer wallets, including QR code scanning with or without PIN code, pinless charging for recurring micropayments, website and app payments using email and PIN to confirm, Bill Payments and more. An open REST API is available to view and test at developer.tagcash.com for merchants who wish to integrate Tagcash into their products.
The Tagcash mobile and website wallet apps include various financial services for crowdfunding, crowdlending, Bill Payments, Load / Airtime purchases, loyalty services and more. Merchants can also develop their own apps that can be used by customers and staff incorporating all the above payment methods, either using our whitelabel service or by integrating the Tagcash API.
Tagcash integrates with Stellar Blockchain for easy transfer or conversion of Fiat and other assets to and from the Tagcash Wallet, mainly for international remittances to the Tagcash Wallet. TagCoin is also fully integrated with Stellar, so you don't need to keep it with Tagcash if you don't want to. You can read about this here.
If you would like to lean more about how Tagcash operates a permissioned blockchain for Fiat, or as a merchant or fintech company you want to use the Tagcash Blockchain, please read the Fiat on the Blockchain article.
- Philippine Pesos (PHP)
- Australian Dollars (AUD)
- Japanese Yen (JPY)
- United States Dollars (USD)
- Pound Sterling (GBP)
- Euros (EUR)
Tagcash is fully integrated with the Stellar Blockchain and many different Fiat currencies can be used in the Tagcash Wallet, issued by other ewallet providers around the world.
FAQ(Frequently Asked Questions)
Amongst other features, this enables creation of users within Tagcash, handling verification, sending of money to others, and charging users from within your apps or websites.
The second option is setup a wallet node by connecting to the Tagcash Blockchain (install multichain.com software, connected to the tagcash node (firstname.lastname@example.org:3000), and send RPC-JSON API commands to the node, such as sending money to others, creating new addresses and so on. Each address created would have to be granted with send and receive permissions, which can be done via Tagcash API. This option is only available for merchants, banks and other fintech providers.
An example of how you might send money using the command line or via a JSON RPC command sent from your app, would be "sendasset addresshere PHP 100". The command line will send the money to that address then return the tansaction ID. For all the commands that can be used within the Multichain API use "multichain-cli tagcash help".
Once you are connected to the Tagcash Blockchain, either personally using a Multichain Node Wallet, or via an application using the blockchain, you can send funds to anyone anywhere else using the same system, using public addresses to send to.
Tagcash is a digital wallet developer and platform, building blockchain solutions on Distributed Ledger Technology. Tagcash is regulated by the central bank of the Philippines (BSP), and is authorised as an Electronic Money Issuer (EMI) - https://tagcash.com/emi.pdf