Fee Plaza SaaS

Collecting payments: what are the challenges?

There are at many challenges with receiving payments online.

• Setting up the payments infrastructure: it is expensive for businesses to set up and maintain payment collection infrastructure.

• Data reconciliation: businesses need to build applications to reconcile the payment data with the details of the payer and the purpose of the payments.

• Immediacy of information: often, businesses cannot achieve immediate availability of information while receiving payments online.

• Post-transaction processing: often, businesses have to draw their monies from various payment instruments to their accounts and reconcile.

What value does Fee Plaza deliver to businesses?

• addresses all the challenges that businesses face with collecting payments online.

• provides plug'n'play infrastructure for businesses to receive payments online.

• collects non-financial data required by the businesses, from the payer and processes the same, preventing any effort on data reconciliation.

• provides real-time information to both the payer and the businesses about the payments.

• payment gateway remits amounts to the verified bank accounts of the businesses, without the latter having to put in efforts to transfer the amounts. Businesses thereby do not lose the potential interest earnings on their amounts.