December 19, 2024
Pay Theory Update: Improved Onboarding, Funding, and Processing
We’ve been hard at work building new features and functions to make Pay Theory even better for our customers. Today, we’re sharing with you three major updates: tailored merchant onboarding, complex funding options, and expanded North American processing. These improvements are designed to streamline your experience, provide more flexibility, and expand your business's reach. Let’s dive into the details of these advancements and how they can benefit you.
Our tailored merchant onboarding process has been reimagined to align with your industry's unique needs. Now, only questions relevant to your business will be displayed, eliminating unnecessary steps and creating a more efficient experience. This streamlined approach saves time and ensures a seamless setup, enabling you to focus more on running your business and less on paperwork.
We’ve also introduced complex funding options: gross and net settlement. Net settlement is our recommended option as it simplifies the process by deducting fees upfront, while gross settlement keeps fees separate from the main transaction. Additionally, we’ve added split funding for third-party transfers, providing even greater flexibility for instructional funding. These options empower you to choose the funding method that best suits your operational requirements.
Lastly, we’re excited to announce that Pay Theory now supports processing in both the United States and Canada. This expansion enables your business to operate seamlessly across North America, offering more opportunities to grow and connect with customers. Whether your business is local or international, this enhancement ensures that Pay Theory remains a reliable and versatile partner for all your processing needs.
