Fee Plaza provides its Merchants
Fee Plaza provides banks all the above, as a super-white-labeled service, on a pay-per-use / rental basis.
Banks can partner to offer Fee Plaza's services under their brands. Banks need not invest in Information Technology but can avail these services on rental / transaction fee basis. In partnering with Fee Plaza, banks can service new markets.
Banks can venture into structured fee collection and invoice billing, by partnering with Fee Plaza. This will not only provide competitive advantage for banks but also create at least two new revenue streams from transaction fees and float of the online payments collected on behalf of the Merchants.
Merchants that collect payments repeatedly from their customers of specific categories (same amount, non-financial data, etc.), can use Fee Plaza's Apps and Web channels for collecting payments online. These can be for services provided regularly or for events.
Merchants can login to Fee Plaza platform, upload their invoices and send them to their payers. Payers will receive e-mails with invoices and unique payment links. Upon payment, Fee Plaza will e-mail receipts to payers and Merchants too will receive a copy. Merchants can login to their dashboards on Fee Plaza and download reports.