SaaS Providers
Corduro eliminates all of your headaches…
SaaS providers need to solve a couple basic problems that Corduro can help you solve.
The Problem:
How do I manage payments across the globe?
How do I enable my customers to use their own merchant accounts rather than routing everything through my own account?
Example:
My SaaS is a conduit from a merchant community to their intended participants. In essence I am a third party facilitator collecting funds on their behalf and keeping a commission or portion of the payment. The problems I have to solve are as follows:
- Who has the liability of the transaction?
- Who is at risk of charge backs?
- Who has the liability of risky customers?
- How do I handle bank secrecy compliance issues?
- How do we react to OFAC compliance?
Corduro Solution
Corduro handles all this for you. There is no difference between you and your customer as the merchant of record. We eliminate you from all the liabilities of being the merchant of record.
- no charge back liability
- no bank secrecy liability
- no IRS reporting requirements or liability
Corduro makes it easy for you to focus on delivering your service and handles all the payment mess for you. Here’s what you’ll get when you sign up for Corduro.
Corduro Gateway
- Connect to any merchant account (including PayPal) anywhere in the world.
- Manage all client merchant accounts as your own.
- Corduro handles all privacy and data integrity between you and the actual recipient merchant account.
Corduro Merchant Portal
- Manage all transactions
- Manage all accounts
- Unified reporting
- Settle funds
- Get funds
