Fractal Introduces Cost-Effective Payment Processing for SaaS Companies

NEW YORK, May 8, 2024 (VSNewsNetwork.com) - Fractal, a fintech startup, has launched a new payment processing service aimed at SaaS companies, offering significant cost savings and simplifying financial integrations. The service capitalizes on recent regulatory changes to provide a more economical alternative to traditional payment processors.

Founded by industry experts, Fractal's new platform is designed to reduce transaction fees by up to 30%, challenging established payment processors through innovative technology and strategic pricing. The company utilizes a lowest-cost routing system, which is a direct response to the amendment of Reg II in October 2023, allowing for more competitive revenue-sharing models.

Brian Nichols, founder of Fractal, explained the necessity for simpler payment solutions in the SaaS sector. "Payment processing has historically been overly complex for many SaaS businesses and their merchants," Nichols said. He added, "With the amount of regulatory, finance, and technical experience needed, many leave this stalled on their roadmap for too long."

James Greaves, President and co-founder of Fractal, also commented on the technical challenges faced by companies. "Payments have gotten so technical that even visiting other payment websites can be overwhelming," Greaves remarked. He emphasized the potential for revenue growth through embedded financial products, stating, "The number one way for SaaS companies to make more money in 2024 is to embed finance. We make it simpler and easier than anyone else."

Fractal's service also focuses on streamlining merchant onboarding and offers both pre-built embeddable payment flows and an API for customized integration, catering to the diverse needs of online retailers and companies that require detailed control over their payment systems.

For more information on Fractal and its services, visit www.fractalpay.com.

Source: Fractal via Newswire