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  1. #1
    Senior Member Reputation points: 81655
    Join Date
    Mar 2014
    Location
    Florida
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    Lightbulb Bitcoin Participants

    A closed loop payment is a transaction in which a client uploads money into a spending account that is linked to a payment device.
    A good example is the Genie Virtual Prepaid Card . A closed loop payment can only occur between a spending account and a single,
    specific company.
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    Dave Lambert, Business Development
    dave@fcbankcard.com
    Merchant Services Consultant
    High Risk Merchant Payment Solutions
    SBA 7(a) Loans & Short-Term Funding
    T/VM: 727-291-7890
    Office: 727-233-1111
    Skype: fc-financial

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