Faster payments for your collaborators

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 to collaborators at the end of the week or in batches. This can impact the working capital of your customers who rely on timely compensation for their services or contributions to your platform.

Significant human effort

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

Limiting growth

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

How it works

All about automation

By embedding HSBC payments into your platform you can break your weekly batches into on-demand payment calls at a collaborator's level.

When you initiate a payment 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 collaborators' accounts promptly

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

Any payment queries from your collaborators become much easier to identify and provide real-time updates on. This may result in a significantly improved experience and a reduction in your operational costs.