Wallet Factory Review 2024: Pros & Cons

By Kate Gross 20 days ago, Apps and Software

Wallet Factory

  • Rank
    (4.5/5)
  • Businesses: individuals, small-size companies and large corporations
  • Pricing: On request

Verdict: I decided to contact Wallet Factory to organize all the payment options available on my eCommerce platform. What I like about it is that it allows me to perform a variety of tasks. For instance, you may use it for integrating new payment gateways, adding payment options, and connecting new tools.

My cooperation and communication with the team were highly enjoyable. They provided me with all the services that I needed and consulted me about every option in detail.

Pros
  • Flexibility and individual approach
  • Loan management
  • A wide range of tools
  • eCommerce features
Cons
  • No price list on the site
  • No detailed information about the services
wallet factory website

Wallet Factory is a perfect solution for wallet operators, financial institutions, retailers, and telecommunication companies that need to build complex financial systems for increasing their profits.

Using the services provided by the company, you can bring your product to the market faster, speed up project completion, and use a modern Wallet-as-a-Service model.

Wallet Factory: Main Features

wallet factory logo

One of the key advantages of this eCommerce development company is that it doesn’t have a one-suits-all approach when it comes to meeting the requirements of its clients.

The company always takes into account the needs of its clients and finds effective ways of developing their businesses. It works both with well-established companies, which have been present on the market for some time, and startups to help them make their services more financially accessible.

Wallet Factory focuses on achieving tangible results and strives to make its solutions fully transparent. Among its clients, you can find plenty of large corporations, such as Vodafone, OKKO, IdeaBank, Moneyveo, Raiffeisen Bank, TCell, and more.

Feature Rich Wallet Platform for Merchants & Customers

wallet factory wallet platform

By ordering the services available on the Wallet Factory platform, you can improve your digital business strategy by making it more efficient.

The company allows you to make your platform cashless and accept ePayments. You can use ready-made and automated solutions for the quick start of your digital wallet business.

Using card tokenization, banking account connection, and other options, you can easily integrate different payment tools to make your platform more convenient to use. You can connect a variety of tools to your digital wallet using the eMoney ledger. This platform also supports popular payment providers, such as Visa and Mastercard.

wallet factory wallet platform vector

Using the customer services, provided by Wallet Factory, you can streamline the payment processes regardless of which payment system you use. It will help you improve the experience of your customers and create a positive image of your brand.

In addition, you can select a default payment option for your site. In case your client doesn’t have enough money in their default wallet, you may also integrate a cascade payment processing tool.

You can assign roles to all the participants of an ecosystem, such as clients, merchants, agents, and others. In addition, you can use different types of wallets, such as main or commission wallets. This service allows you to use the pre-set logic for different types of transactions, which will make the experience of your clients more enjoyable.

Advanced Opportunities for Launching Different Loyalty Programs

wallet factory rewards platform

One of the main services provided by the company is the Wallet Factory rewards platform, which allows businesses of different sizes to engage their clients by offering them personalized rewards. It will make it easier for you to launch your own loyalty program to build long-term relationships with your clients and boost sales.

The professionals working for Wallet Factory use top-level loyalty program software, which enables businesses to set transparent rules, adjust priorities, set expiration dates, and manage redemption codes. In addition, you will be able to use a wide choice of tools for managing suspicious activity and scammers who use promotion codes.

wallet factory rewards platform vector

Companies can use the available tools to track the activity of their clients and segment their target audience. It allows them to create blacklists or export the ones that they already have. In addition, you can configure database triggers to verify transactions after they have been completed.

Users can set different limit types, such as min/max, turnover, or count. In addition, this solution allows companies to manage different types of fees without using third-party tools.

Individual Development and Integration or Electronic Wallets

wallet factory ewallet

Such wallets allow them to store their eMoney assets and use them for future payments. You can create both open-loop wallets with electronic money and paid close-up wallets, which make it possible to make upfront payments.

Another helpful tool allows users to create pre-paid wallets for storing different types of values, such as liters of gas or cups of coffee. This option allows you to streamline some basic processes.

Besides, you can use different kinds of wallets and customize them using the tools available at Wallet Factory. For instance, you can create client wallets or special wallets for refunds and cash-backs.

wallet factory ewallet vector

When managing eWallets, you can perform a variety of tasks. For instance, you may incentivize your clients by offering them bonuses to award them for some actions.

In addition, you can store values and redeem them on demand. This solution allows you to redeem a variety of store-value items via wallet applications.

Wallet Factory Prices

If you visit the official website of Wallet Factory, you won’t find a price list there. The company needs to learn more information about the requirements of a client to provide them with a price quote.

After scheduling a call, you will have a conversation with the team members. They will inform you about all the stages of the cooperation process and tell you the price of the services that you need to order.

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