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Copyright 2021 iVertical Payment Network, LLC. All Rights Reserved. BuyLottoNow® is a registered trademark of iVertical Payment Network, LLC.
iVPN provides the retailer its own branded app for the gift program in the Apple and Google stores AT NO COST.
Lottery, as a sector in c-stores, is faced with an enormous loss of in-store traffic by states and private companies operating iLottery in direct competition to their retail sales agents.
BuyLottoNow is a cashless way to buy lottery tickets. Our platform is designed for consumer engagement to retain and increase in-store traffic. Consumers are carrying less cash and cash is suppressive to lottery sales.
Cash or other payment acceptance methods cannot be used for loyalty.
Our platform knows who your lottery players are, where they purchase, how much they spend and how often.
We charge the purchaser a flat convenience fee of $0.30 per transaction, regardless of the transaction amount, at the time of purchase. All approved transactions are guaranteed with next day business settlement. There are NO REVERSALS, NO CHARGEBACKS. Merchants receive the full tendered amount with a daily settlement report summarizing transactions by store.
BuyLottoNow is a best-in-class mobile payment/electronic check processing service providing participating merchants a secure way to sell state-authorized lottery tickets and scratch-off games in their stores without a consumer using cash.
We operate independent of a state lottery or its vendors. iVPN is defined under federal regulations as a payment network. Neither federal laws nor state regulations place any restrictions on debit processing charges or control which party pays them. Charging a processing fee to the purchaser rather than the retailer for the sale of lottery products is permissible in states that allow debit cards for lottery purchases.
If you are a retailer, you most likely do not allow a debit card for the purchase of lottery products because of the high bank fees.
In states where cashless payment is already accepted, we can operate side by side with other networks.
iVPN, through its iDigital Gift platform and BuyLottoNow acceptance brand, is bringing to the 152,720 convenience stores in the United States its closed loop mobile payment platform whereby the transaction fee is passed on to the consumer.
iVPN’s consumer engagement tools and platform architecture drive adoption and sales lift for merchants providing consumer driving information for targeted marketing campaigns.
iVPN charges consumers 50 cents for a merchant branded digital mobile gift.
To use the service, a consumer goes to the merchant’s website or the app offered by iVPN. When inside the store, the consumer shares the phone’s screen, which displays a bar code for the merchant to scan to complete the payment. The gift balance is displayed to inform the consumer of what the consumer has available to spend.
iVPN seamlessly integrates into Merchants’ POS systems—specifically Verifone Commander, Gilbarco Passport and Radiant terminals.
iVPN is utilizing payment technology that has been deployed in over 25,000 c-stores over the last 15 years.
Utilizing its technology, iVPN allows for little to no operating costs, no gift card stock cost, no delivery cost and ZERO transaction fees.
After 15 years of exhibiting at NACS conferences, we know that retailers care about their customer experience. So, we designed our digital product to eliminate what consumers dislike about gift programs – losing money on unused cards.
To begin a conversation on how to become a participating iVPN merchant, call Joe Randazza at (561) 756-0225 or email him at firstname.lastname@example.org