Yes, we’re proud of what we’ve done with payment facilitation and business partnerships in the payments sector at a time when, as the pros say, “the times, they are a’changing.” A lot of that has to do with technology, obviously…and disruption is king.
In this environment, we have designed something companies can use to propel their brands forward and gain market share in their industries.
What goes into this state-of-the-art payment process? Here are three things you can do with the Amaryllis payments platform.
Underwriting Merchants
When a payment facilitator handles payments from merchants, some due diligence should be involved, and it must be done with some liability.
The business partners have to figure out whether the merchant truly has the resources to serve its customers and how it plans to maintain financial solvency. That requires research and looking into a business plan or crunching some numbers to verify everything is set up well.
But any underwriting can take time and effort. Our merchant underwriting process makes this more manageable, allowing companies to scale and grow quickly. That’s a significant value to our clients and something that most will not take for granted.
Splitting Fees
You can think about this feature as a bit like somebody at a restaurant booth splitting a bill.
Splitting fees is a value-added feature where you can micromanage the transaction and portion it into separate pieces.
Not all payment platforms can do this, and users need to have this functionality!
Again, it’s part of the big picture – for you to do more with your business. You’re wearing lots of hats and working on core operations. You need a payment platform that works for you!
Accepting Credit Card Payments and ACH
Part of this function of the payment platform is about versatility.
Many people are going to be making payments with credit cards. So that requires attention to the PCI model and everything that goes with it. The goal is to present a user-friendly platform (and one that works!)
But other payments are made through bank drafts. There is a separate process, and it’s also essential to get that process right. Any problems that come up can become big problems for the payer and the payee.
This represents some of what we have added to our groundbreaking payments platform for companies that want to become payment facilitators in their own right.
Ask us about the platform’s evolution and how it works for enterprises today. We can help you to take your business to the next level with a great payment system.