Payment Service Providers (PSPs) can add value to the service they provide to marketplace sellers and other merchants, by offering instant settlement of card receivables due in the near future.
Going to the heart of one of the perennial business challenges – that of managing cash flow – Banking Circle Instant Settlement enables PSPs to offer their merchants instant access to cash, via its receivables financing solution while they wait for payment from card schemes, marketplaces or alternative payment methods. And there’s no credit exposure to the PSPs business.
The wait for payments, or marketplace settlement cycles, can cause real difficulties for merchants, especially smaller firms and start-ups. A delay in cash flow can hold back business growth.
Whether a company needs to pay suppliers, refurbish premises, invest in marketing or increase headcount, a quick and simple advance could make the difference. But existing business lending models are slow, expensive and inefficient.
Rather than waiting for up to 90 days to receive payments for goods or services sold, Banking Circle’s receivables financing solution provides instant settlement for receivables due.
Key benefits for the PSP’s merchants:
- Quick and cost-efficient access to money to support business growth
- Larger loan values
- The merchant will typically receive settlement for the proceeds of a transaction within minutes of the transaction taking place
- Receivable-type agnostic
- Off balance sheet
- Fully automated solution
- Payments made to account in the name of the merchant, providing a seamless, streamlined and conﬁdential payment solution
Key benefits for the PSPs:
- Enhances business-client relationships, without credit exposure or balance sheet impact to the PSP
- Minimal development
- Solution that is Acquirer/Marketplace/PSP agnostic
- Additional and recurring revenue stream
Instant Settlement is provided by a Banking Circle affiliated company.
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