Fee Plaza has licensed its technology platform, for commercial operations in the USA

In Jan 2020, Fee Plaza licensed its valuable intellectual properties to be used in the USA. The launch announcements will follow soon. Stay tuned!

Collecting payments: what are the challenges?

  • There are at many challenges with receiving payments online.
  • Setting up the payments infrastructure: It is expensive for enterprises to set up and maintain payment collection infrastructure.
  • Data reconciliation: Enterprises need to build applications to reconcile the payment data with the details of the payer and the purpose of the payments.
  • Immediacy of information: Often, enterprises cannot achieve immediate availability of information while receiving payments online.
  • Post-transaction processing: Often, enterprises have to draw their monies from various payment instruments to their accounts voluntarily.

What value does Fee Plaza deliver to enterprises?

  • Fee Plaza addresses all the challenges that enterprises face with collecting payments online.
  • Fee Plaza provides plug'n'play infrastructure for enterprises to receive payments online.
  • Fee Plaza collects non-financial data required by the enterprise, from the payer and processes the same, preventing any effort on data reconciliation.
  • Fee Plaza provides real-time information to both the payer and the enterprise about the payments.
  • Fee Plaza remits amounts to the verified bank accounts of the enterprises, without the latter having to put in efforts to transfer the amounts. Enterprises thereby do not lose the potential interest earnings from their amounts.
  • Fee Plaza facilitates EMI on credit cards, totally online. This helps merchants up-sell and cross-sell, without any fund risk.