Acquirers looking to launch out of the box payment products for untapped market segments and enable their merchants to pursue true omnichannel strategies can partner with Hips to do this quickly and easily.
Payment Facilitator - Launch an omnichannel solution
The payment facilitator platform enables your merchants to launch within minutes by provisioning both the merchant account and gateway services within a real-time manner.
Whether you’re a registered payment facilitator, are considering becoming one, or simply want to leverage the benefits without officially registering and managing your merchants’ risk, our platform can scale to your business needs.
Process through your own acquiring business or let us help you set up a payment facilitator account with one of the largest acquirers.
AUTOMATED SUB-MERCHANT CREATION AND MANAGEMENT
KYC SERVICE AND REPORTING
SUB-MERCHANT ACCOUNTING AND BILLING
AUTOMATED CHARGEBACK IMPORTATION AND NOTIFICATION
CONSOLIDATED PLATFORM REPORTING
Payment Facilitator Enablement
HIPS Payment Facilitator Technology can adapt to the needs of many different business models, including ISOs, VARs, ISVs Fintech Innovators, and Payment Facilitators that cater to merchants in most industry verticals.
How does it work?
Merchants no longer require their own MID. The HIPS Payment Facilitator technology allows merchants to directly board under a master MID account on our unified commerce platform that operates on a sub-merchant basis. Now, merchants can simply apply by completing a form, which is evaluated by an underwriting tool and approved or declined in real-time. Once approved, the merchant is boarded as a sub-merchant under the master MID account. Reconciliations will then later be made from the master MID's main bank account for each settlement currency.
Whether an Acquirer, Payment Service Provider or POS Software Provider, Hips supports your payment acceptance needs.