SaaS is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. It is sometimes referred to as “on-demand software”. SaaS is typically accessed by users using a thin client via a web browser. SaaS has become a common delivery model for many business applications.
Our software is integrated into the merchant’s application, back office or App and takes care of the complicated integrations needed to bring (and keep) lots of different payment technologies together do that the consumer can easily select and use the payment source of the choosing in one convenient place.
Unlike traditional software, which is conventionally sold as a perpetual license with an up-front cost (and an optional ongoing support fee), we allow merchants to pay as they use, meaning the costs are commensurate with business done and not an onerous, fixed overhead.
What SaaS Means for Our Clients
All a merchant has to do is sign our Software as a Service Agreement (SaaS Agreement) and we bill them our standard $0.03 USD (three US cents) for every transaction we run through for them. The payment sources charge them the acquiring fee directly and settle them directly.
A merchant does not need to give us their due diligence pack, what we need from them is a signed SaaS Agreement, the API (if it’s a payment source we don’t have) and their merchant credentials for that payment source. The payment source will provide them with the merchant credential.
We take care of all of the integration and normalisation of all of the payment technology required.