My company, Invoiced, supports routing payments across different processors/merchant accounts. There are many interesting use cases for it within the billing space beyond just cutting transaction costs.
One common use case we see is trust accounting for lawyers. The gist of it is that trust and operating funds are stored in separate bank accounts, depending on the context of the bill. It’s a legal requirement that can result in disbarment if not followed properly.
Another scenario we run into is with insurance billing where policy payments need to go to different bank accounts or even be handled by a different processor, depending on the policy.
I know of other software systems that can do payment routing as well.
Invoiced | Backend and Frontend Software Engineers | Austin, TX | Remote ok | Full-time | https://invoiced.com/careers
Invoiced is a startup that helps companies modernize and automate their billing processes. We work with companies that have high-volume or complex billing processes that have recently outgrown/broken their current billing system.
We are looking for both backend and frontend engineers that are passionate about delivering high-quality, testable code (because who likes getting a bill for the wrong amount?). The ideal candidate should be comfortable shipping production-level code in a fast-moving environment. We are currently a team of two developers supporting over 15,000 businesses that rely on our software to get paid.
What we use: PHP (Symfony 4), MariaDB, Redis, AWS, AngularJS
Invoiced is a startup that helps companies modernize and automate their billing processes. We work with companies that have high-volume or complex billing processes that have recently outgrown/broken their current billing system.
We are looking for both backend and frontend engineers that are passionate about delivering high-quality, testable code (because who likes getting a bill for the wrong amount?). The ideal candidate should be comfortable shipping production-level code in a fast-moving environment. We are currently a team of two developers supporting over 15,000 businesses that rely on our software to get paid.
What we use: PHP (Symfony 4), MariaDB, Redis, AWS, AngularJS