Paysharp targets B2B companies with a flat-rate pricing model
Business Wire India B2B Segment and B2B Payment Business to business transactions are inherently high value transactions, the business could not offer a percentage transaction fee, for example, a transaction value of 2 Lac, l company might not even be able to offer 1% (i.e. INR 2000) as a transaction fee for payment gateways, so B2B transactions are done through wire transfer methods such as RTGS / NEFT / IMPS and some companies are still expanding by collecting payments via checks as well.
Compared to B2C segments of B2B segment, the number of transactions is less but the value is high. In the B2B segment, too, immediate settlement is inevitable.
How Paysharp Helps B2B Businesses Paysharp provides various B2B payment solutions with flat rate pricing and same day settlement to B2B businesses. Paysharp provides products and solutions for CMS, virtual accounts, UPI payment stack, automatic reconciliation, and split payments. Paysharp offers same-day settlements based on business use cases, providing near real-time settlements for businesses.
How Paysharp is different Paysharp is differentiated by a flat rate pricing and same-day payment. The technical solution provided by Paysharp is also suitable for B2B companies and easy to integrate into their existing systems. Support wise Paysharp sets itself apart from the rest with a dedicated relationship manager and SLA.
Products offered by Paysharp Paysharp products are designed for B2B activities and B2B markets.
CMS / Virtual Account Businesses start collecting payments using Paysharp’s CMS, there are no setup or integration fees or the amount involved by AMC collected will go to the account of the business. For integration, Paysharp provides 1: 1 technical integration support for smooth go live, Paysharp’s CMS solution is 10X to 15X better than Bank’s cash management solution and other CMS solutions available on the market. Cost wise, very reasonable.
UPI Solution Paysharp provides a complete UPI stack that can be integrated with web apps and mobile apps. Paysharp’s UPI stack enables frictionless UPI payments on your website or app. UPI stack includes UPI deep links / mobile intent, dynamic QR code, and collect request.
Reconciliation Solution Paysharp provides automatic reconciliation solution, every transaction can be mapped with customer and order, reconciliation solution works with virtual account and UPI solutions. Each transaction is posted to the customer’s system in real time with customer and order information.
Split Payment Paysharp provides split payment solutions for the B2B marketplace and service aggregators. Transaction-level split payment settlement is easy to implement and works seamlessly for complex logic. Incoming funds can be flexibly routed to vendors and merchant accounts through a single API.
Other products In addition to the above products, Paysharp also offers payment solutions and cash management solutions.
About Paysharp Paysharp is a two year old fintech company founded by serial entrepreneur Krishna Kumar Mani and his co-founder Sathish Selvakanthan, Paysharp reached profitability in 2020 and closed funding of 13 crore this year. Paysharp widened the picture with Prakash Ravindran ex. Banker as Head of Sales and Compliance and Kannadas Muthusamy as Head of Information Security.
(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)