Real-Time Credit Financing with RTP® on Hosted Merchant Payments Pages

Enable Buy-Now-Pay-Later (BNPL) and Get Paid in Full Instantly

What Is Real-Time Credit?

Real-Time Credit enables merchants to offer Buy-Now-Pay-Later (BNPL) or Customer Financing to any Payer—individual or corporate—without compromising cash flow. Payers pay over time, but you receive the full transaction amount immediately.

Combined with RTP®, FedNow®, Same-Day ACH, and Cards, Real-Time Credit becomes an additional rail option displayed on your Hosted Merchant Payments Page, giving your customers the power to choose how they pay.

RTP® Real-Time Payments Parameters, Attributes, Benefits, and Features

Unlock the Power of Real-Time Credit for Customer Financing

Businesses today need more than just fast payments—they need flexible financing options to meet the evolving expectations of clients, patients, and customers. With Real-Time Credit integrated into your Hosted Merchant Payments Page, you can offer:

• Buy-Now-Pay-Later for services, appointments, and ecommerce transactions while still receiving full, good funds instantly.
• Installment payments on high-ticket items with no chargebacks or non-authorizations, empowering your customers to commit with confidence.
• Simple click-to-pay Request for Payment (RfP) links that guide payers to a pre-filled financing page via text, email, or digital invoice.

Your merchant account is enhanced with multi-rail flexibility—Real-Time Credit, RTP®, FedNow®, Same-Day ACH, and Cards, all unified in a branded and secure digital experience.

Use Cases for Real-Time Credit + RTP®

1. Healthcare Providers: Patients pay over time, while your clinic gets paid instantly.
2. Contractor Services: Offer homeowners flexible payment terms without risk to your cash flow.
3. eCommerce Businesses: Boost conversion by offering financing at checkout.
4. Point-of-Sale Merchants: Add a counter display with a QR code linking to Real-Time Credit financing terms.
5. Professional Services: Send clients a secure RfP text with a financing option embedded in the link.

To facilitate real-time credit payments from payer to payee with features benefiting both sides of the account-to-account transaction using platforms like Real-TimePayments.com and SecureQBPlugin.com, follow these steps:

Integration Steps

1. Merchant Enrollment in Real-TimePayments.com and SecureQBPlugin.com

1. Register with Real-TimePayments.com and SecureQBPlugin.com:
   • Merchants need to sign up on these platforms and enroll in their respective services.
   • Complete the necessary registration and KYC (Know Your Customer) processes to set up their accounts.
2. Configure Real-Time Payments Integration:
   • Set up the RTP and FedNow services within Real-TimePayments.com and SecureQBPlugin.com.
   • Link the merchant's bank account to enable real-time credit transactions.

2. Setting Up Real-Time Credit Payments

Digital and Paper Invoicing:

1. Integrate Invoicing Software:
   • Ensure your digital invoicing system (QuickBooks Online or QuickBooks Enterprise) is integrated with Real-TimePayments.com and SecureQBPlugin.com.
   • Use the APIs from these platforms to add payment links to digital invoices.
2. Send Digital and Paper Invoices:
   • Generate and send invoices that include clickable payment links.
   • For paper invoices, include a URL or QR code that directs customers to a payment page.
3. Enable Real-Time Credit Payments:
   • Configure the invoicing system to process real-time credit payments when the payer clicks the payment link.
   • Use Real-TimePayments.com and SecureQBPlugin.com to process the transactions through RTP or FedNow.

Features and Benefits for Payers and Payees

1. Speed and Efficiency:

• Immediate Fund Availability: Payments are processed in real-time, ensuring immediate availability of funds for the merchant.
• Reduced Processing Time: Eliminates delays typically associated with traditional payment methods.

2. Enhanced Security:

• Data Encryption: Secure payment channels reduce the risk of fraud and protect sensitive information.
• Compliance: Ensures compliance with financial regulations, protecting both the payee and the payer.

3. Improved Customer Experience:

• Convenience: Offers customers a quick and easy way to make payments directly from their bank accounts.
• Instant Confirmation: Customers receive immediate confirmation of payments, enhancing their experience.

4. Financial Management:

• Automatic Reconciliation: Payments are automatically reconciled in QuickBooks, reducing manual effort and errors.
• Real-Time Cash Flow Management: Provides up-to-date information on cash flow for both payees and payers, aiding in better financial planning and management.

5. Cost Savings:

• Lower Transaction Fees: Potentially lower fees compared to traditional payment methods.
• Reduced Administrative Costs: Automation reduces the time and cost associated with manual payment processing and reconciliation.

6. Competitive Advantage:

• Modern Payment Solutions: Offering real-time credit payments can attract tech-savvy customers and set the business apart from competitors.
• Enhanced Reputation: Providing cutting-edge payment solutions can enhance the payee’s reputation and customer trust.

7. Transparency and Accountability:

• Transaction Tracking: Both payers and payees can track the status of transactions in real-time.
• Detailed Records: Provides detailed records of each transaction, enhancing transparency and accountability.

Example Implementation

1. Enroll in Real-TimePayments.com and SecureQBPlugin.com:
   • Merchant signs up on these platforms and completes the necessary registration and KYC processes.
   • Link their bank accounts to their profiles on both platforms.
2. Integrate Digital Invoicing:
   • Use the APIs from Real-TimePayments.com and SecureQBPlugin.com to integrate with QuickBooks Online or QuickBooks Enterprise.
   • Add payment links to digital invoices.
3. Configure Paper Invoicing:
   • Print payment instructions, including URLs or QR codes, on paper invoices.
4. Enable Real-Time Credit Payments:
   • Customers can pay using the digital invoice links or by visiting/scanning the URLs/QR codes on paper invoices.
   • Real-TimePayments.com and SecureQBPlugin.com process the payments through RTP or FedNow.
5. Monitor and Reconcile Payments:
   • Use the dashboards of Real-TimePayments.com and SecureQBPlugin.com for real-time notifications and payment tracking.
   • Automatically reconcile payments in QuickBooks.
6. Ensure Security:
   • Implement data encryption for all transactions.
   • Ensure compliance with financial regulations.
7. Support and Communication:
   • Provide detailed instructions and support for customers making payments.
   • Set up automated notifications for payment confirmations.

Conclusion

By enabling real-time credit payments from payer to payee using platforms like Real-TimePayments.com and SecureQBPlugin.com, merchants can offer a seamless and efficient payment process. This integration not only improves customer satisfaction but also enhances security, reduces costs, and provides a competitive advantage. Through these modern payment solutions, merchants can streamline their financial operations and offer superior service to their customers.