Closed-Loop Payments with Beyond Ordering

Closed-loop payments with Beyond Ordering – secure, fast, and customized

Events and festivals are increasingly switching to cashless payment solutions to enhance the visitor experience and boost operational efficiency. One of the most innovative and secure methods for this is closed-loop payment, where transactions occur within a closed ecosystem. Beyond Ordering offers an advanced solution with cashless carriers such as cards and wristbands, available in both standard and fully customized designs.

What is closed-loop payment

With closed-loop payments, a separate payment environment is created where visitors can only pay within the event or at the venue using a specially issued cashless carrier. This prevents reliance on external payment networks, speeds up transactions, and gives organizers full control over the payment process and cash flow.

The cashless carrier

The cashless carrier is the heart of the closed-loop payment system. Visitors receive a cashless card or wristband, allowing them to easily make payments at food and drink stalls, merchandise stands, or other points of sale.

Card or wristband

A cashless card is useful when it needs to be shareable, for example, as a friend card that multiple people can use for payments. A card is also ideal as a cash substitute.

A cashless wristband, on the other hand, is personal and practical, as visitors always wear it and are less likely to lose it. Furthermore, it can be easily combined with access control, ensuring a streamlined visitor experience.

Standard or personalized design

The carrier is available in the standard Beyond Ordering design, an ideal option for events that only require a small quantity or when the cards are used, for example, as a cash card. This offers a practical and cost-effective solution without the need for custom work.

For organizers who want to strengthen their branding, the cards and wristbands can be fully customized to match the event's or organizer's corporate identity. This makes them not only a functional payment method but also a powerful branding tool. Furthermore, personalization offers the opportunity to highlight partners and sponsors, making it a valuable marketing asset.

Always insight and control via the digital wallet

Each cashless carrier is linked to a digital wallet, accessible via the QR code and PIN on the card or wristband. In this digital environment, visitors can easily top up their balance using an online payment method, view their transaction history, and, if desired, request a refund of any remaining balance after the event. The digital wallet environment can also be customized, providing organizers with additional branding opportunities and enabling them to offer a consistent user experience.

Safety first: double-encrypted NFC chip

Security is a priority at Beyond Ordering. That's why our cashless carriers are equipped with a double-encrypted NFC chip. This ensures that payment data cannot be easily copied or misused. Additionally, we combine NFC technology with a QR code and a PIN for access to the digital wallet, thereby minimizing fraud.

The benefits of closed-loop payments

The benefits of closed-loop payments are significant in terms of efficiency and experience. Firstly, it ensures faster transactions, which considerably reduces waiting times at bars and food stalls. Additionally, organizers retain full control and manage cash flows without reliance on external banks or payment providers.

All of this leads to a better customer experience, as visitors don't need to pay with cash or bank cards, providing extra convenience and security. At the same time, fraud and loss are minimized thanks to advanced encryption and built-in security measures. Finally, the system offers ample room for personalization and branding, allowing you to highlight your event with personalized wristbands or cards, or to opt for the standard Beyond Ordering design for smaller quantities.

Interested in our cashless solutions?

Want to learn more about the possibilities of closed-loop payments and personalized cashless carriers? Contact us and discover how Beyond Ordering can make your event more efficient, secure, and customer-friendly!

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