Myfsapay, the European electronic bill-payment solution, has just announced that it will be launching in America this October. The program will allow customers to purchase goods online from merchants that have partnered with Myfsapay Program Pilot, as well as pay their bills and send money to other people or organizations, much like PayPal does. Here’s what you need to know about the program and how it works…
Why Work with us?
Each year, we process more than a million transactions for well-known brands such as Nike, Staples, and Dell. We have an incredible 60+ support team with over 30 years of combined experience dealing with ecommerce. The biggest brands trust us because we deliver outstanding service for every single transaction. Our partnership with you can produce long-term results that will have a positive impact on your bottom line. Working together is more than just another transaction—it’s an opportunity to change our world through technology and how people spend their money online.
How do you get paid?
If you’re working as a freelancer, or are self-employed, your employer or clients will likely have designated a way for you to get paid. If you’re working for yourself, however, that can be a little more complicated and make it hard to know when/how you should get paid. If your payment method is different from that of your client/employer it can cause some extra work and make them wonder where their money is. The best thing is to discuss it with them beforehand and try to come up with an arrangement that works for both of you. Usually getting invoices out monthly makes sense, unless they want something different (like weekly). Make sure both parties are on board with how payments will be made before moving forward.
Support and App updates
In a bid to keep our MFSAPAY users secure and aware of changes, we will update you from time to time on any significant events or announcements. It is extremely important that you go through these updates, so that you are always informed of new features, change log and other important information. Apart from receiving updates on your app via notifications, visit MyFSAAPP website regularly for more info. Additionally, if you have any questions regarding MFSAPAY Application, get in touch with us at our dedicated MyFSAAPP customer support number 1-800-585-0595. We will be happy to help you out!
How does it work for freelancers?
Freelancers, who already have a business structure, can apply for their own MyFSApay accounts. Once they have been approved by MyFSApay and adhere to all of its policies and regulations, they will be able to request direct deposit of any earned income from clients, which then goes straight into their MyFSApay account. Unlike other programs, there is no fee to withdraw funds from an individual’s FSA. These deposits occur directly from a client’s bank account into that person’s FSA under his or her name; individuals may only receive funds deposited under their own name.
How does it work for both parties?
When you enroll as a MyfSAP, you’ll be able to directly deposit all your fees and dues into your MyfSAP account. Members will pay through their PayTM wallet or e-wallet. The club/sports facilities can use their MyfSAP details on their transaction pages to directly credit funds into their members’ accounts. That way they don’t have any issues collecting payments from people that do not have a credit card or debit card! With over 1 billion users in India, there is an opportunity for us to deploy our platform nationwide with equal opportunity for both parties. This helps smaller sports facilities that cannot afford conventional point of sale (POS) units still be able to accept payments electronically with no setup cost whatsoever!
Fees and Payouts
Fees are an unavoidable reality for all fintech companies, but Myfxbook’s are pretty reasonable. The basic platform is free and there are no membership fees. The only charges you’ll encounter with Myfxbook are when you use external services such as payment providers or escrow. For each of these, your provider will charge a fee, usually around 1%-3% of your turnover. Some providers have minimum fees, which can be costly if you’re just starting out with small amounts of money in hand. Payouts occur automatically once you’ve reached your threshold balance; they’re usually sent via wire transfer within 5 business days.
