As a UK-based international fintech that provides seamless commerce experiences across any and every channel, across the globe we are qualified and exceedingly capable of being an outstanding partner to remittance firms. Throughout this article we will delve into the various areas that contribute to our services and capabilities on a global scale, and what makes us such an efficient payments company on an international level.
A simple process
We settle for nothing less than seamless and easy integrations and we have been able to accomplish this with our open Application Programming Interface (APIs). We ensure this is the case with a payment gateway that is simple and effective, ensuring that the payment process is not overcomplicated for anyone.
Merchants can access up to 14 settlement currencies with settlements on a next-day basis allowing merchants to keep a healthy flow – important because typically financial services merchants make many deposits and withdrawals on a day-to-day basis. This allows for clear record-keeping and a more complete understanding of a business’s performance.
Merchants also gain access to MyST, an advanced online portal which allows them to view and manage transactions in real time. From here, they can track their daily intake of transactions, and sales by region, as well as view approval ratios and settlement times, to ensure that customers are satisfied with their service. Perhaps the most important aspect for any financial service merchant when onboarding new payment gateways is their approval ratios, as this will determine the effectiveness of the payment process.
Merchants benefits
We are a principal member of both the Visa and Mastercard schemes and are Financial Conduct Authority (FCA) regulated. This allows us to process payments globally, as well as give merchants the benefit of being onboarded without requiring extensive documentation, as our principal membership carries a high level of assurance. With over 30 connected acquiring banks, as well as our very own Malta Financial Services Authority (MFSA) licensed acquiring bank, Trust Payments boasts some of the highest approval rates, a factor that allows merchants to process more effectively.
Our merchants also benefit from detailed reporting into each processing currency, which allows them to:
- Identify weak processing regions
- Monitor fraud and chargeback ratios
- See a breakdown of the reasons that individual transactions are declined
- View overall transaction volumes
With this data given through reporting, merchants can be proactive in finding solutions. The integration process is made smooth and fast with our developer team on hand to help. Alternative payment methods are another integral part of our product set, as ensuring our merchants’ customers can transact, massively increases the likelihood of a completed sale. By gaining the trust of the customers, we can help merchants sell more, ensuring that they can confidently commit to our services.
Our financial services offering has been running since 2016 and has had 4.43 million transactions processed across 136 countries in that time. We consistently and successfully demonstrate our capabilities in the remittance market, with a large spread of quality and efficient services that make us an ideal partner.
Working with remittance providers is an area we excel in, and we would love to talk to any firms interested in powering their payments with Trust Payments. This article gives just a taste of what we can do for you. Contact us to learn more and talk to our expert team.
