Show HN: We Built payment faster and cheaper than via any crypto
1–5 of 5 posts
Re: Show HN: We Built payment faster and cheaper than via any crypto
#2how exactly does this work?
Re: Show HN: We Built payment faster and cheaper than via any crypto
#3how exactly does this work?
We provide a banking platform with card, insurance and payments (just like your regular everyday bank account), our payment is built on real time rails that most banks have access to. What people don't know is that almost all banks can do this but don't provide the service for everyone.
Real time rails allow up to $10M in payments for almost zero dollars but banks add their premiums.
Does that answer your question?
Re: Show HN: We Built payment faster and cheaper than via any crypto
#4how exactly does this work?
We provide a banking platform with card, insurance and payments (just like your regular everyday bank account), our payment is built on real time rails that most banks have access to. What people don't know is that almost all banks can do this but don't provide the service for everyone. Real time rails allow up to $10M in payments for almost zero dollars but banks add their premiums. Does that answer your question?
The providers for payment rails charge a percent of transaction so how is that reduced in your service.
Based on this article https://tipalti.com/resources/learn/payment-rails/
Re: Show HN: We Built payment faster and cheaper than via any crypto
#5Earlier quoted context omitted.
We provide a banking platform with card, insurance and payments (just like your regular everyday bank account), our payment is built on real time rails that most banks have access to. What people don't know is that almost all banks can do this but don't provide the service for everyone. Real time rails allow up to $10M in payments for almost zero dollars but banks add their premiums. Does that answer your question?
The providers for payment rails charge a percent of transaction so how is that reduced in your service. Based on this article https://tipalti.com/resources/learn/payment-rails/
great point. Banks operate on the fednow rail. that's one provided by the government. They are fix rates and very low