Industry: Intermediary Payment Service Providers (a.k.a Payment Intermediaries)
Use case: Empowering Payment Intermediaries to Implement Card Program
In another use case/case study, we looked at how Reap’s solution benefits Web3 exchanges. Now, let’s also look at payment intermediaries.
Like many Web3 exchanges around the world, payment intermediaries have plenty of reasons to establish their very own credit card program. Being a service that would greatly benefit from growing its international customer base, payment intermediaries are constantly seeking ways to sharpen their competitive edge— something a credit card issuing program can do to increase product viability and interest their customers. However, with what helping hand would these intermediaries have to hit the bullseye on their ultimate goal?
User Goals
Although payment intermediaries hope to venture into credit card issuing like Web3 exchanges do, there are several more points to hit on their vision board:
Establish their own card program quickly to outpace competitors, proving product viability and increasing customer loyalty
Help themselves and their customers expand their global business reach and facilitate card services internationally
Find an expert card issuing solution provider with good customer support
All the above while minimizing the initial overhead costs of implementing a new card program
The Headaches
Obviously, payment intermediaries also face their unique set of challenges.
Although many intermediaries benefit from expanding their customer base, there are plenty of restrictions that hinder them from facilitating a card issuing program with a wide global reach.
Without the expertise to assess the program’s feasibility, security, procedures, and other crucial knowledge, there simply isn’t enough confidence to put a new card issuing program in place and to get started.
And let’s say they could find a partner provider to help them implement a card issuing program, lengthy implementation— and the lack of customer support if they are unlucky too— steepens the execution curve and could risk them their edge over other competitors.
So, with the road bumps these payment intermediaries still face given the support of other card issuing solution providers, why can Reap be the ultimate helping hand?
The Reap Solution: Fast and Cost-Effective Card Program
Beep boop? Just because we are fluent in the digital asset space doesn’t mean that we are hard-cold robots. In fact, we speak the same “language” as our intermediary clients. Behind Reap and our card issuing solution are very real people who have gone down the same bumpy road— and we have nothing but empathy for our payment intermediary clients who have set the goals we once did too.
Because our clients’ goals and challenges are almost too painfully well understood to us, here is how we cater our care issuing solution to fulfill their pursuit:
1. Flexible Spend Limit
Unlike other providers, Reap offers a card issuing solution without an expansive limit. This allows the intermediaries to process larger transactions to accommodate their commercial needs and their high-value clients effortlessly.
2. Borderless, Wide-Reaching Coverage
With Reap's solution, payment intermediaries will gain access around the world. Our extensive network of international banking and payment partners and service capacity ensure borderless usage and acceptance, all-in-all supporting our clients in expanding their business reach too without jumping through multiple hurdles.
3. Smooth Integration, Speedy Usage
Our clients have got to turn their vision into reality quickly, and we’ve got their back with a seamless integration process of our card issuing API with their existing infrastructure. Doesn’t speedy and hassle-free transactions sound good? How could we not mention that our card issuing API supports immediate card usage too?
4. Sharp Expertise and Warm Support
No matter where our payment intermediary clients are based, Reap is ready to leverage our expertise and resources to help them navigate the complex landscape of providing a card issuing service. Seeing your card program launch and succeed is our pride and joy, so we are here to support you to make it happen!
And the icing on the cake? With Reap’s card issuing solution as the ally, the knowledge, the information, the technological implementation and maintenance, and the support are all there — Not only are our payment intermediary clients saving pennies from developing their own mechanism from scratch but saving time and competitive cost too.
When payment intermediaries leverage our solution to enhance their services but with reduced overhead cost, that just leaves them with more capacity and possibilities to scale and expand. And oh my, do we find joy in seeing our allies thrive!