Generate additional revenue by collecting custom fees on every transaction through your platform from buyers, sellers, or a combination of both.
Rethink your new or current business model with PromisePay fee customization and collection.
You can choose to charge a percentage or a fixed fee to your buyers, your sellers, or a combination of both depending on your marketplace’s business model. These can be fine tuned through your Payments Dashboard.
PromisePay collects all owed fees on your behalf from your buyers as they make payment, and your sellers before they are paid out, depending on your chosen fee structure.
Never chase another invoice or owed payment from sellers or buyers. Because PromisePay collects your fees on your behalf as the payment transacts, you won’t have to worry about chasing owed fees again.
Decide how and when you want to collect your owed fees. PromisePay can disburse funds to your nominated settlement account daily, weekly or monthly on the day of your choice.