As a leading payment solution provider, ConnexPay is redefining the Fintech landscape through new and innovative solutions and products. ConnexPay is the first and only company in the market to combine payment acceptance and virtual payment issuance into a single, centralized platform with one contract and one reconciliation.
One of the key challenges in the Fintech ecosystem is the inflexibility of traditional payment processes. ConnexPay addresses this by empowering its clients with flexible technology, enabling them to fully utilize end-to-end acquiring and issuing solutions. Its intelligent routing issuing-only platform puts clients firmly in control of their financial operations.
With its advanced and cutting-edge payment technology, ConnexPay not only reduces payment risk but also opens a new revenue stream, automates reconciliation, and ensures lower merchant processing fees while preventing large credit or prepayment lines. ConnexPay’s PayIn and PayOut solution improves cash flow with instant access to incoming funds, allowing businesses to use the funds in real-time to pay suppliers. This platform is driven by advanced APIs that upscale and accelerate the payment processes.
Furthermore, ConnexPay’s PayIn and PayOut solution significantly enhances financials by guaranteeing the reduction of merchant processing fees and increasing revenue on virtual card rebates, as switching to ConnexPay lets businesses witness a 20% uplift on card rebates through the company’s proprietary Intelligent PayOuts technology. Additionally, this platform boosts efficiency by enabling rapid implementation through easy API integration, automated reconciliation, and accepting customer payments through various modes, such as credit cards, ACH, Google Pay, and Apple Pay.
ConnexPay is on a mission to transform the Fintech landscape by enabling the instant creation, management, and distribution of digital payments directly to suppliers and utilizing custom controls to mitigate transaction fraud. The company delivers this transformation with the help of its PayOut solution. This solution allows businesses to earn industry-leading rebates monthly on card transactions, increasing their revenue and cash flow to propel business growth.
Moreover, this state-of-the-art technology chooses and automatically issues the credit card that ensures maximum rebate; migrating to ConnexPay grants businesses the option to receive up to a twenty percent uplift on rebates through ConnexPay’s machine learning technology. This platform’s user-friendly interface also simplifies the onboarding process and allows users to approve or deny each transaction in real-time based on their established business guidelines.
What makes Pay Out a comprehensive solution is its ability to make payments in various currencies, such as USD, CAD, EUR, and GBP, and to pay suppliers in over 150 countries using ConnexPay’s Global Travel card without paying cross-border fees.
ConnexPay’s innovation has disrupted the status quo; our clients are experiencing a fundamental shift by paying less fees to accept payments and receiving higher revenues from their payments to suppliers. — Ben Peters, CEO
The ConnexPay platform deploys another exemplary feature: providing robust reporting and powerful analytics solutions. This platform comprises a comprehensive dashboard that provides insights into business performance, sales, purchases, customers, and suppliers. It also monitors the transactions within a user’s ConnexPay account while filtering transactions according to the date, customer name, order number, and dollar amount. Additionally, the ConnexPay platform generates an instant view of funds available to issue payments; users can view complete transaction details in a single click.
Headquartered in Bonita Springs, Florida, ConnexPay boasts a diverse portfolio of empowering organizations worldwide by revolutionizing their payment processes. One of its clients, a North Carolina-based rental operating company focusing on risk management and innovative insurance solutions, wanted to enhance its rental operations platform. The company’s platform allowed rental businesses, consumers, brokers, and insurance providers to gain a safer, cost-effective, and convenient rental experience.
With ConnexPay’s assistance and world-class payment platform, the client can instantly access incoming customers’ premium payments, which they can use in real-time to take out commissions and pay carriers. ConnexPay’s solutions also helped the rental company reduce merchant processing fees and earn market-leading card rebates on outgoing card payments, improving cash flow.