The payments platform for platforms
Marketplaces and platforms use OK1Dollar connect to settle for cash and payout to third parties. Connect provides a whole set of building blocks to support just about any business model, together with on-demand businesses, e‑commerce, crowdfunding, and travel and events.
Building the payments infrastructure for your platform accustomed be a giant undertaking—no longer. Make the most of pre-made UI elements to launch quicker and change operations. Register new users on your platform and acquire them paid—quickly.
Connect is API-first and enables you to style the most effective expertise for your platform. You'll be able to customize onboarding, set payout temporal order, enable advanced cash movement, and obtain integrated money news. You own the expertise from finish to finish.
Payout sellers in 30+ countries around the world. You don’t want separate native subsidiaries and banking relationships in every market—Connect takes care of the quality. Connect’s practicality is standardized, despite the country.
A powerful routing and payout engine that produces it straightforward to send cash to recipients, regardless of your business model
Connect will automatically track balances, batch earnings into payouts, time transfers with local cutoffs, and retry failed transfers. You can also incorporate advanced flows like Account Debits, one-to-many payments, and others. Connect’s payout engine lets you specify payout timing for your users, and includes Instant Payouts, which allows your users to receive funds within minutes. Connect lets you get recipients paid faster and removes errors and reconciliation work.
- Dynamic risk-based KYC/AML checks for all recipients
- API-based OFAC and sanctions screening
- IRS tax threshold tracking and 1099 support
- Card industry blacklist filtering
- Licensed money transmission from U.S. states & UK FCA
- Screening for bad actors using data from the Stripe network
If you’re running a multi-sided marketplace or platform, there’s no doubt you’re wrestling with payment compliance issues such as card network rules, money transmission, KYC, and tax reporting. Connect makes these burdens easier to manage by shifting some of the most onerous obligations to OK1Dollar, letting you stay focused on your product and spend less time on compliance-related tasks.
Under the hood, Connect is powered by secure credit card data tokenization to help you meet PCI obligations, contains monitoring and verification systems to help you with KYC needs and tax obligations, and leverages OK1Dollar’s money transmission licenses in the U.S. as well as European e-money authorization.