Ryft is a revolutionary PSD2-compliant payments system, enabling automated next-day payouts for marketplace businesses and their merchants, for a single flat fee per transaction.

The Ryft solution processes payments and then automatically diverts funds to merchants and sub-merchants (minus any commissions) the next working day. Think Stripe Connect without the high fees and lengthy payout wait times. The idea for Ryft came from best friends and co-founders Sadra Hosseini and Alex Mackenzie’s first business Butlr, a mobile ordering marketplace app for pubs and bars. Ryft’s end-to-end solution handles everything from accepting online payments, verifying and onboarding merchants, to splitting up the payments however a business wants. This is all done through easy-to-use API documentation to remove complexity and fast track the development cycle.

Ryft solves the current problems in payment marketplaces of multiple sub merchants resulting in large periods of wasted time and multiple processes across different platforms. Ryft streamlines all of these processes in a singular efficient platform, protecting employees, protecting businesses from FCA fines, ensuring anti money laundering rules are followed and reducing the associated risks for marketplaces and their onboarding processes.

Benefits:

1. Secure Transactions: Ensuring secure and encrypted transactions to protect sensitive financial information.
2. Efficiency and Speed: Streamlining payment processes for faster and more efficient transactions.
3. Global Transactions: Enabling businesses to accept payments from customers worldwide.
4. Cost-Effective Solutions: Providing cost-effective payment processing solutions, potentially with transparent fee structures.
5. User-Friendly Interface: Offering a user-friendly platform for both merchants and customers to navigate transactions.
6. Integration Capabilities: Supporting integration with various platforms and payment methods.
7. Customer Support: Providing responsive customer support to address queries or issues promptly.

Features:

1. Payment Gateway: A robust payment gateway allowing businesses to accept various payment methods.
2. Multi-Currency Support: Facilitating transactions in different currencies for international business operations.
3. Fraud Prevention: Implementing tools and measures to prevent and detect fraudulent activities.
4. Reporting and Analytics: Providing merchants with insights through reporting and analytics tools for better decision-making.
5. Subscription Management: If applicable, offering features for managing subscription-based payments.
6. Mobile Compatibility: Ensuring compatibility with mobile devices to cater to the increasing trend of mobile payments.
7. Compliance and Security Standards: Adhering to industry compliance standards and implementing robust security measures.
8. Customization Options: Allowing businesses to customize payment processes to align with their branding and specific needs.

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