One of the most compelling features of PayEngine is the ability to orchestrate across multiple processors for your merchants. We talk about this often: invariably as you scale your SaaS payments business, you will need multiple processors. With our middleware, you can intelligently route to the right processor. To make these capabilities even stronger, we have pre-built and pre-negotiated integrations with many top payment processors. This means once you onboard with us, you can leverage our existing relationships and top-tier pricing, instead of having to forge all these relationships yourself. That becomes a huge time-saver and value-add for growing SaaS companies.
If that’s not enough – here’s one more great reason to leverage our system: PayEngine now has a direct integration and relationship to process online EBT payments. For many industries, this is an important payment method. It is only recently that the EBT payment system has been available for online purchases – and now you can leverage our relationship to offer this to your merchants as well!
Spartak Buniatyan, PayEngine’s founder and CEO, had this to say, “We feel proud our technology is making online grocery shopping more accessible for everyone.” Online support of EBT is a critical feature with more and more families shopping online for groceries and home staples, and EBT should be treated like any other payment method.
Our support of EBT sits alongside our industry best buy rates for all types of credit cards and our top tier support of ACH. This means through one platform your software can manage all of your payment methods, maintaining a single ledger of all your transactions and getting accurate reporting even when using multiple methods, multiple processors, or multiple vendors. Furthermore, our data can be leveraged to provide accurate reporting back to your merchants, without the obfuscation of blended rates or methods. You maintain control and have a full suite of offerings, which is PayEngine’s biggest differentiator and value story.
We are excited about this new functionality as it further widens our feature and value set. We strongly believe in the value of a middleware layer for your payments business, and experts agree. Get in touch to learn more about this feature and our other capabilities for your vertical saas payments business. Request a demo directly here!