Routable Offers Instant Payments with Real Time Payments

Routable has announced the launch of Real-Time Payments (RTP), a service that is designed to enable businesses to pay vendors “within seconds.”

According to a statement from the company, RTP can accommodate businesses as they scale from 250 payouts per month to over 100,000. The ability to scale is expected to be a key differentiator in the market.

Omri Mor, co-founder and CEO of Routable, believes that instant payments is a great way for their customers to solidify relationships with vendors and contractors:

“This is particularly compelling for companies that operate in crowded markets and are competing for a limited number of contractors, such as real estate, ridesharing or food delivery. If an agent or driver knows they’ll be paid instantly by one company – including over the weekend – but could wait days to receive payment from another, that’s absolutely going to impact their decisions on who to work for.”

RTP is nearly immediate, available 24/7 and easily integrated with an API. RTP is also said to have an industry-low transaction fee being covered by the sender. Routable claims that RTP is the industry’s fastest payment rails while maintaining security, and flexibility.

Sponsored
Sponsored Links by DQ Promote

 

 

Send this to a friend