Human beings can do plenty of things really well, and yet 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 unique avenues, but even after achieving such a monumental feat, technology will somehow continue to produce the goods. The same has grown increasingly evident over the recent past, and assuming one new fintech development shakes out just like we envision, it will only make that trend bigger and better moving forward.
Everyware, a leading customer engagement, billing, and payments company, has officially partnered with Sunbit to launch a Pay-Over-Time integration, which will make your payments experience easier, quicker, and safer. According to certain reports, the integration will be available in the form of Pay By Text, enabling businesses to deliver personalized and transparent payment plan options that are going to be applicable across a host of different industries. The stated industries’ assortment includes healthcare, automotive, home services, eyecare, dental and more. Talk about the duration of these plans, they will likely range from three to 24 months. In case that’s not impressive enough, availing the stated facility is also quite a hassle-free fair, as the whole setup will take no more than 30 seconds to complete the relevant proceedings.
“Together, Everyware and Sunbit offer merchants and consumers incredible value, combining pay-by-text experience with the most advanced pay-over-time solution on the market. Partnerships such as these bring pay-over-time choices to exponentially more consumers, and improve bottom line outcomes for businesses,” said Oded Vakrat, VP of Platform Partnerships at Sunbit.
The importance of such a feature, especially in critical sectors like healthcare, can be contextualized through a Morning Consult report, which stated how 58% of U.S. adults delay or decline medical care due to cost. Within the healthcare sector, it’s particularly the eyecare space that will reap a major benefit from this Pay-Over-Time integration, as going by NVision’s word, 63% of Americans don’t have a vision insurance.
“Merchants rely on payments to survive, and being able to instantly have access to them is critical,” said Larry Talley, Founder and CEO of Everyware. “The Pay-Over-Time option speeds up that process but in a safe and secure environment. Moving money fast is critical to success and this payment solution does just that.”
Moving on to why the companies involved here make the development even more valuable, Everyware, for instance, can save your business money by improving cash flow and reducing paper billing costs, chargebacks, and fraud. The company’s excellence in what it does is further evident in its clientele of over 2,000 merchants.
As for Sunbit, it rose to prominence on the back of its ability to provide a next-generation no-fee credit card that can be managed through a powerful mobile app. The card can also be treated as a point-of-sale payment option available at more than 19,000 service locations. To deliver the stated card, the company works in conjunction with Transportation Alliance Bank, Inc., pursuant to a license from Visa U.S.A. Inc.
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