Faster cash out for your collaborators and partners

APIs used

Payments

Industries

E-commerce
Technology

Markets

HSBC APIs can help you solve these challenges

Delayed cashflow

Industry practice is to settle all payments at the end of the week or in batches which can impact the working capital of partners who rely on timely compensation for their services or contributions to the platform

Significant human effort

Processing, disbursing and reconciling payments for hundreds or thousands of partners and contributors out of large batch files requires significant human effort from manual processes which can be prone to errors

Limiting growth

As platforms grow and onboard more collaborators or partners, the manual processes and effort grows as well. Finance operations can become a blocker to growth to match the volume of transactions

How it works

All about automation

By connecting your platform with HSBC payments APIs you can break your weekly batches into on-demand payment calls at a contributor level.

When you initiate a payments request, HSBC receives and processes the payment in real-time and disburses the amounts through local clearing channels. This allows the funds to arrive in partner accounts promptly.

Each payment also has electronic acknowledgments which are returned to you via the API, enabling you to speed up and automate your reconciliation.

Any payments queries from your contributors and partners become much easier to identify and provide real-time updates on, which may result in a significantly improved experience and a reduction in your operational costs.