# PAYMENTS API

## Low cost way to collect high volume payments

Collect via cards, eGIRO, and dynamic Paynow, through one easy integration

Pay only 0.5% per transaction

## WORKS WITH ALL MAJOR SG BANKS

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## TRUSTED BY

## THE CHALLENGE

### Manual collection = Payment friction

Typical manual payments cause:
- Higher customer dropoff due to payment friction
- Wasted staff time in chasing payments
- Lost revenue and delayed cash cycle

### FINVERSE AUTOMATED PAYMENTS

YOUR BUSINESS:
- Improves cash collection through auto-pay or click-to-pay
- Removes payment friction and errors
- Saves 85% cost on average vs credit cards

## HOW IT WORKS

### Offer self-serve payments

1. Add preferred card or bank option to merchant's app, invoice, or message.
   - $550/mo  
   - Auto pay every month
   - Setup Autopay
2. Payments are tracked and automatically reconciled against outstanding invoices.
3. Receive funds on due date from user (date and amount can vary).

Siew Ling Leong  
UOB HK (••••5768)  
Confirm Direct Debit  
PARK BUILDERS

## DEVELOPERS

### Memorably easy to use and integrate

```bash
curl -X POST 'https://api.prod.finverse.net/mandates/' \
--header 'Idempotency-Key: fe0b87da-3f82-46f5-aa68-060702efc706' \
--header 'X-Request-Id: 1702527806' \
--header 'Content-Type: application/json' \
--header 'Authorization: Bearer {{TOKEN}}' \ 
--data '{\n"mandate_details": {\n"currency": "HKD",\n"description": "Test Mandate",\n"end_date": "2024-03-01",\n"start_date": "2023-12-14",\n"transaction_limits": {\n"max_period_amount": 10000,\n"max_period_count": 10,\n"max_transaction_amount": {{max_trx_amount_in_minor}},\n"period": "MONTHLY"\n}\n},\n"metadata": {\n"key": "value",\n"employer_name": "Apple Inc"\n},\n"recipient_account": {\n"account_id": "contact_finverse_support"\n},\n"sender": {\n"external_user_id": "user_id_1",\n"name": "{{sender_accountholder_name}}",\n"user_details": [\n{\n"details_type": "{{sender_id_type}}",\n"values": ["{{sender_id_number}}"]\n}\n],\n"user_type": "INDIVIDUAL"\n}\n}'
```

Payment API
- Create account mandate for direct debit
- Trigger fund collection account
- Check status of mandates and collections

## WHY FINVERSE

### Transact at low cost, high speed

- End late payments
- Stop the chase
- Automate admin
- Forget high fees

## USE CASES

### Stay covered across scenarios
- Credit Payments: Increase on-time loan, card, and BNPL repayments, by offering direct debit as a repayment method.
- Property Management
- Remittances
- B2B Collections
- Payroll Operations

## PRICING

### Fine tuned down to the penny

- Payments: 0.5% per transaction  
  - 85% cheaper than cards  
  - Lowest-cost payment option  
  - Asia coverage (HK, SG, MY, KR)  
  - No setup, or hidden fees  
  - Unified bank + card payment flow

### VOLUME PRICING

- Custom: Volume Discounts  
- Custom Gateway Integrations  
- Integration Assistance  
- Priority Support

Ready to automate your bank payments?  
Set up Finverse in your app or invoices to enable easy bank payments from your customers.