Universal payment platform: what is it and how does it work?

  • 2022-11-07

Its emergence has helped many online stores and entrepreneurs to simplify processes. It has many ready-made solutions that greatly simplify payment processes with a universal payment gateway. You don't have to stand in queues, and collect a bunch of documents — all mutual settlements happen quickly and clearly.

The developers presented it to the world as a new tool. This is a universal payment system. All categories of citizens and businesses can become its users. It features various types of payments, allowing you to transfer funds without borders in any currency. You can be located anywhere in the world, universal will help manage your business as if you were at home. Want to know more about the universal payment platform? Visit Corefy`s site!

The universal payment system is implemented in a convenient mobile application. It has many features, including:

- Large-volume transfers to bank cards;

- Control of universal payment gateway passing through the site;

- Settlements with foreign partners, including China;

- Exchange and purchase of cryptocurrency.

Corefy: one of the best universal payment services

The payment orchestration platform immediately won popularity. To date, a lot of people from all over the world are using its services. Since 2018, its goal has been to provide businesses of all sizes with a platform to effectively manage their payment processes.

There are many ready-made solutions in the system, which are based primarily on the requirements of each type of business. If none of the existing products covers your needs 100%, you can build a customized one, taking into account your business  requirements and goals.

The platform allows:

- Easily accept and send payments. With Checkout, you get full control over your transactions and increase your sales growth. What more could you want from a universal payment gateway?

- High safety standards. The company is very serious about protecting its customers' data and guarantees the stability and reliability of the platform;

- Fully automated batch payments. You can make an unlimited number of individual payouts at one time with this solution.

The development of a universal payment system is based on creating a partnership between the payment system, banks, merchants, and consumers.

The digitalization of the economy and the rapid growth of electronic and mobile commerce are forcing the universal payment gateway to move from a closed ecosystem to a world where any object can become a tool for payment. Today, the universal payment system serves a lot of financial institutions, merchants, and supports cards issued by large card networks.

The new development will come in handy for companies focused on innovative technologies, as well as for those who do not want to spend a lot of time making payments, preferring to make them online or through mobile applications. This option will suit companies of all sizes, from small businesses to companies with thousands of clients. The innovation is also convenient because it allows complete integration of the process of settlements with customers into the company's general business processes — all thanks to a super-stable and very flexible programming interface. 

This is just a brief overview of the payment system. Doing business has become more comfortable and faster. The ease of setting up a universal payment gateway and withdrawals is very important for aspiring entrepreneurs.