Global payment SaaS (Software as a Service) companies generate revenue through a variety of methods, including:
Transaction fees: Global payment SaaS companies typically charge transaction fees for each payment processed through their platform. These fees are often a percentage of the transaction value, and can vary depending on the payment method, currency, and destination country.
Subscription fees: Some global payment SaaS companies offer subscription-based pricing models, where customers pay a monthly or annual fee for access to their payment platform. This model may be more attractive for businesses that process a high volume of payments each month.
Foreign exchange fees: Global payment SaaS companies may also generate revenue through foreign exchange fees. When customers make cross-border payments, the payment may need to be converted into a different currency, and the SaaS provider may charge a fee for this service.
Interchange fees: Interchange fees are fees charged by credit card companies and other payment networks for processing transactions. Global payment SaaS companies may receive a share of these fees when processing payments on behalf of their customers.
Value-added services: Global payment SaaS companies may also offer value-added services, such as fraud detection, compliance monitoring, and currency risk management. These services may be offered for an additional fee, providing an additional source of revenue for the SaaS provider.
Global payment SaaS companies generate revenue through a combination of transaction fees, subscription fees, foreign exchange fees, interchange fees, and value-added services. The specific revenue model may vary depending on the SaaS provider and the services they offer.
Fable Fintech creates customizable international remittance SaaS solutions / white-label money transfer software / open banking APIs / white-label global payments platforms (SaaS/PaaS)/ Forex rate systems for banks and financial institutions. Fable Fintech also provides cross border B2B, DTC remittance solutions for businesses along with Fx rate systems. Learn more about cross-border remittances and international payment technology on Fable Fintech's cross border payments blog