What is Notch Pay Sync?
Sync is Notch Pay’s solution for platforms that need to:- Process payments on behalf of merchants or service providers
- Split payments between the platform and connected accounts
- Manage payouts to connected accounts
- Provide a unified dashboard for all connected accounts
Use Cases
Notch Pay Sync is ideal for various business models:Marketplaces
Connect buyers with sellers and facilitate payments between them.
- E-commerce marketplaces
- Service marketplaces
- Rental platforms
- Booking platforms
Platforms
Provide payment infrastructure for businesses operating on your platform.
- SaaS platforms
- E-commerce platforms
- Booking systems
- Invoicing solutions
Crowdfunding
Collect funds from backers and distribute them to project creators.
- Crowdfunding platforms
- Donation platforms
- Fundraising campaigns
On-Demand Services
Connect customers with service providers and handle payments.
- Ride-sharing apps
- Food delivery platforms
- Home services marketplaces
- Freelance platforms
Key Features
Connected Accounts
Create and manage accounts for your merchants, sellers, or service providers. Each connected account can:- Receive payments through your platform
- Access their own dashboard to view transactions
- Receive payouts to their bank account or mobile money account
- Customize their payment settings
Payment Processing
Process payments on behalf of connected accounts with various options:- Direct Charges: Charge customers directly and transfer funds to connected accounts
- Destination Charges: Charge customers and split the payment between your platform and connected accounts
- Account Debits: Charge connected accounts for platform fees or services
Fee Management
Easily manage fees and commissions:- Set platform fees as a percentage or fixed amount
- Configure different fee structures for different account types
- Automatically deduct fees from transactions
- Generate fee reports for accounting purposes
Payouts
Manage payouts to connected accounts:- Automatic payouts on a schedule (daily, weekly, monthly)
- Manual payouts for specific transactions
- Batch payouts to multiple accounts
- Detailed payout reports
Dashboard and Reporting
Provide comprehensive reporting for both your platform and connected accounts:- Platform-level overview of all transactions
- Account-specific dashboards for connected accounts
- Detailed transaction and payout reports
- Export data for accounting and reconciliation
Getting Started with Sync
To start using Notch Pay Sync:- Contact our sales team to enable Sync for your account
- Complete the necessary verification and compliance requirements
- Set up your platform settings and fee structure
- Create connected accounts for your merchants or service providers
- Integrate Sync into your application using our API or SDKs