Secure, Trusted Payment accounts

New ways of doing business require new kinds of infrastructure.

A lot of what you do is in collaboration with others and so you run up against the need to either collect money to start a project, or to pay money out when a project has completed.

You work with freelancers and businesses all over Europe and North America and this involves a high level of trust and also a lot of paperwork and effort.

First you have to decide who is going to hold the money, account for it, do the invoicing and collections, generate reports for transparency and for administration and taxes.

Even once you have that, this pay service only works for these currencies, that one only works with those currencies, this one does credit cards like a dream but for bank transfers it’s kitty bar the door, and every single step requires fees and more fees.

What a zoo...

So we partnered up with Velvet to create the infrastructure necessary for how you do business today, right now.

What's the Process?

The service holds the money, safely, securely, and transparently. At the moments you have indicated, it confirms with the people involved that the contract is complete or that milestones have been reached. You and they hit the yes button. Then pays it out directly to the participants.

How it Works

The service holds the money, safely, securely, and transparently. At the moments you have indicated, it confirms with the people involved that the contract is complete or that milestones have been reached. You and they hit the yes button. Then pays it out directly to the participants.

Your group is going to share the costs of a project. You create the project, and set it up so the project goes live only when all the participants have paid their share. You choose how you want to get paid, and send payment request to the participants. When the money is in, the project starts and the proceeds can be paid out as agreed.

You want to do a charity event and have the proceeds go directly to the charity. You create the event and select how you want to get paid. You set it up so all the proceeds go to the charity. After the event, you receive a message asking if the event is complete. You hit the yes button. The money goes to the charity.

That's it. That easy.

Pricing is 2.99% of incoming money; there is no charge for outgoing money except if it needs to be transferred either

1) outside of SEPA or fasterpay or
2) if it is in certain restricted currencies which involve extra fees for transfer. This is because then our costs are higher too.

In that case we will tell you what the extra costs are before you incur them and work with you to resolve the issue. This is rare but could happen so we want to be clear about it because hidden fees suck.

Think this tool fits your Coworking Business Needs?

Schedule a call now!