Bolstering Your Payment Prospects for an Enhanced Business Operation

There might be plenty that human beings can do well, but at the same time, there is little we do better than growing on a consistent basis. This progressive approach, on our part, has already got the world to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such an esteemed stature among people is, by and large, predicated upon its skill-set, which ushered us towards a reality that nobody could have ever imagined otherwise. Nevertheless, if we look up close for a second, it will become clear how the whole runner was also very much inspired from the way we applied those skills across a real world environment. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. Of course, this revolution then went on to scale up the human experience through some outright avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the goods. The same has turned more and more evident in recent times, and assuming a newly-launched payments solution shakes out just like we envision, it will only put that trend on a higher pedestal moving forward.

Finix, a fintech company based in San Francisco, has officially launched a new payment solution, which is aimed at those merchants who are looking to facilitate their wider payment operation at a competitive price. Talk about what all is included in the package here, the solution, for starters, is expected to deliver a rather enhanced fee structure. This should basically indicate a flat rate pricing for predictable fees per transaction. Apart from it, the solution will offer you a chance to avail dynamic pricing options that vary with the interchange rate per transaction, while also empowering the user to set their own custom fee, including international and ACH charges. Moving beyond the fee aspect, the solution further has the means to bring forth a pretty simplified technological base. You see, on a more practical note, the stated base will allow merchants to host checkout pages that they can white-label with their own branding, facilitate Webhook creation from the dashboard with webhook logs and webhook event logs, and accommodate payment links and API logs. Interestingly enough, Finix’s latest bid even serves you an in-built compliance capability, which talks to specific features, such as efficient underwriting and a cutting-edge fraud monitoring system.

“No matter the business type or size of our customers, we’ve ensured they don’t have to trade between configurability for speed or ease of use for pricing. Our goal is to give our customers the best payments technology without sacrificing simplicity and without paying an arm and a leg for it. For example, we bake in crucial risk management tools like fraud monitoring without an extra charge,” said Richie Serna, CEO and Co-Founder of Finix.

Hold on, we are still not done here. Another detail worth a mention would be how the stated solution is able to work alongside a wide range of payment methods. These methods cover debit cards, credit cards, commercial-centric cards, personal use cards, HSA/FSA, ACH, and more. In case that’s not enough, the user can even select from a variety of portable and desktop in-person payment terminals. Then, in order to further scale up the value proposition, the solution partners these capabilities with a detailed reporting framework, a framework that will package together details like transaction, fee, and reconciliation reports. It will even give you the leeway to apply several filters for the purpose of customizing and exporting reports on-demand. Last in line of the technology’s unique skills is the foundation to sign up and conduct a sandbox test on payment instruments, transactions, and disputes etc.

We started with the most complex use case imaginable so that our technology could easily handle any use case that came after that. We can better serve merchants thanks to all the features and APIs we’ve already built for platforms, and we’re excited to bring the enterprise-level tools we developed for large PayFacs to tech-forward merchants,” said Serna.