GreenBox POS, LLC (OTC: GRBX) is pleased to announce TrustEscrow, a real-time partner payment module, is now live. The new technology is a plug-in to GRBX’s robust TrustGateway system and is an essential part of the Company’s scalability plan. TrustEscrow allows GRBX to meet the demand for the Company’s services as the number of clients, partners, and agents soar. The new toolkit allows agents submitting accounts to GreenBox to get paid in real-time for each transaction.
“Current industry standards for agent residual payments are 30-60 days in arrears. Bringing residual payments from 30-60 days out to true real-time payment gives GreenBox a massive competitive advantage,” stated Ken Haller, GreenBox’s Senior Vice President of Payment Systems. “Clients, partners, and agents are the core of our business. They are a pillar to our sales force and we just injected them with the cashflow needed to continue bringing on new accounts. The days of waiting for residual settlements are over – everyone will be paid instantly and securely through our blockchain technology.”