Visa Accept is a new solution designed to give micro merchants with a Debit or Prepaid Visa credential a simple way to start accepting digital payments and settle funds in near-real time.

Onboarding and access to the solution will be through the merchant’s banking application, making the solution easy to use. During use, buyers will tap their payment cards or use a pay-by-link to facilitate a near-real-time funds transfer, broadening merchants’ payment options and allowing them to accept card payments in addition to cash.

Visa Accept will limit the payment volume and the number of transactions that a micro merchant can accept per month. Once this limit is reached, merchants cannot accept further payments using Visa Accept until the next payment period when the limits are reset. Merchants that wish to continue accepting transactions before limits are reset can graduate to a full-service acceptance product offered by their partner financial institution.