THANK YOU! This is Great!
So my deeper question is what is the Credit Card Company that The Butterfly Card uses?
Visa, Mastercard, etc?
PayServices owns their own servers and the 'Point of Sale' terminals are virtual and built into the software apps such as the 4 smartphone applications downloads for Windows Phone, IOS, Android, Blackberry and the Butterfly Browser. The Butterfly Card transactions are made within the PayServices network which allows for conversion covering every store of value listed on PayServices. The PayServices system handles all processing in house instantly. If a merchant runs a transaction with a Visa or MasterCard through a PayServices 'Point of Sale' Terminal PayServices only processes its fee for the use of the PayServices Butterfly Network and lets the Visa or MasterCard companies to process their own transactions void of any liability on the PayServices end.
This is all theoretically speaking. I do not have a Butterfly Card yet so frankly I really do not know. My suggestion would be to obtain a Butterfly Card and see what all it has to offer and if it covers your specific needs. Then come back to this [ANN] Thread and report your findings.
So, would the Payservices card be accepted at ordinary terminals that retailers use--the ones that take Visa, MasterCard, and Discover?