LeisurePay is entering a partnership with the first wholly owned Black Acquiring bank. "There are only 19 Black-owned banks in America and LeisurePay is paying it forward by investing in minority-run business. Through this partnership, LeisurePay intends to impact Black-owned businesses by offering an alternative by forging a new path in the banking industry," the LeisurePay team stated.
Between February and April of 2020, Black business ownership declined more than 40%, the largest drop across any ethnic group, according to a report by the House Committee on Small Business Committee. "Many owners say the support and funds dried up but now through services like LeisurePay they can reclaim their storefronts. Whether selling online or through conventional brick and mortar venues on Main Street, LeisurePay offers a flexible merchant account powered by the first and only Black acquirer in U.S. history," they continued.
"Our virtual terminal makes it easy to key in transactions and use alternative means of payment like tokenization. LeisurePay takes its model one step further with electronic invoicing, automated email receipts, and integration to third-party shopping carts. This offers a patented pending blockchain check-out system allowing customers the option of paying via bank accounts, e-checks, cash, and by credit cards into its blockchain protocol to protect consumers and merchants," the team concluded.
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