Fee Plaza offers a variety of FinTech services

Banks can partner to offer Fee Plaza's services under their brands. Banks need not invest in Information Technology (IT) but can avail these services on rental / royalty basis. In partnering with Fee Plaza, banks can service new markets.

By partnering with Fee Plaza, banks can venture into structured fee collection and invoice billing. This will not only provide competitive advantage for banks but also create at least two new revenue streams from transaction fees and float of the online payments collected on behalf of the merchants.

Merchant-branded structured fee collection

Use Fee Plaza app and web channels for collecting recurring payments online. These can be for services provided regularly or for events. For example, fitness center franchises can collect payments on their branded apps and web pages throughout the USA.

The amounts due can be settled either centrally to the franchiser or individually to the franchisees based on agreement with Fee Plaza. The franchise gets to know the details of the customer, fitness program enrolled, franchise unit and location. Fee Plaza sends all purchase data in well structured spreadsheets to the franchise thereby saving data reconciliation costs. Upon successful payment, Fee Plaza will e-mail transaction confirmation record to both payers and merchants. Merchants can log in to their dashboards on Fee Plaza and download their reports.

Invoice billing

Merchants can log in to the Fee Plaza platform, upload their invoices and electronically send to customers. Payers will receive e-mails with invoices and unique payment links. Upon successful payment, Fee Plaza will e-mail transaction confirmation record to both you and your customer. Merchants can log in to their Fee Plaza dashboard and download their reports.