Introducing Wafi Pay: A smart API that enables access to Real Time Payments and optimizes for payment speed, risk and cost

Introduction

The world is moving at near real time speed. We are shopping online and receiving our orders in hours instead of weeks, we are streaming movies in real time and ordering taxis via an app. Despite all this progress, processing bank payments continues to be slow, unreliable and prone to fraud.‍

‍It can take up to 7 days for an Automated Clearing House (ACH) request to settle, this means that businesses that rely on this type of payment have to wait that long to confirm payments. But the wait time is not the only issue, for most businesses, there is no way to be certain that a payment has indeed settled. This can lead to significant frustration, revenue loss and very unhappy customers. We built Wafi Pay to help businesses solve these problems. 

Introducing Wafi Pay

Wafi Pay is a smart way to send and receive bank payments. The platform automatically optimizes for speed, risk and cost and enables you to build your own unique payment experiences powered by Wafi.‍

‍Our API gives you instant access to Real Time Payments (RTP), Same Day ACH and Next day ACH payment rails. Real Time Payments (RTP) requests can be settled in 15 seconds or less compared to traditional ACH that can take more than 5 days to settle. To save on processing fees you can choose one of our ACH options and this can enable you to save over 90% in payment processing fees. Unlike other API services, Wafi Pay sends businesses real time payment updates so that they know as soon as ACH payments settle and can take action to keep their customers happy.‍

What Wafi can do for your business:

• Reduce payment processing fees: Wafi offers you significant cost savings. If profitability is important to you Wafi is the platform for you. Wafi enables you to reduce payment processing fees by over 90%.
• Reduce payment failures: Wafi is built-in with automated workflows that help you to reduce payment failures. Wafi has smart fall backs that handle multiple payment scenarios in order to reduce failures and increase payment success rate.
• Reduce fraud: Wafi comes packed with tools and features that help you reduce fraud. Our smart 2FA solution ensures that people paying with Wafi are known. Our proprietary fraud detection technology also enables us to detect and prevent fraudulent transactions. 

Sign up today:

Whether you are an ecommerce business looking to build new payment experiences for your customers or a retailer looking for ways to reduce your payment processing fees and increase your profitability — We’re ready to partner with you and help you launch a next generation payment product that your customers will love.‍

‍Learn more and sign up by visiting our Wafi Pay page.