Payments firm Hands In has launched a new group payment link service for retailers who sell to large groups, such as stag and hen parties.
Organisers of group bookings are routinely left out of pocket when collecting individual payments to then pay on one card on behalf of the group. This creates a cash flow for the individual but can become a problem for retailers who also have to chase up all of the buyers to have orders paid on time.
Retailers that sign up to Hands In can create payment links to send to large groups. One payment link is automatically sent out to the lead buyer who can add all the names of each payee and invite them to the checkout page to join and pay their share in a checkout time set by the retailer.
Automated payment reminders are also sent out in a controlled sequence to each payee that has not paid their share.
Hands In has launched its payment service with Visit Carlingford, the one-stop site for everything while visiting the coastal town in Ireland. The website offer a number of different packages for golf, family breaks, and hen and stag parties. Within seven days Hands In has converted 100 per cent of the payments created.
Richard Brennan, MD at Visit Carlingford, commented: “Hands In has been fantastic to deal with. We deal with different groups of people on a weekly bases for different events and this system makes it so seamless for the customer to pay as a group. Their platform is exactly what we needed here at VisitCarlingford.”
Last month, financial service firm Finance Pill ranked Hands In in the top 100 fastest-growing mobile payment startups in the UK in 2022.
Samuel Flynn, CEO and co-founder of Hands In, said: ”In just the last few months, we’ve launched with our first UK-based retailer and secured one of the biggest partnerships that will contribute to our long-term success for years to come. To say this is just the beginning is a huge understatement.”
Image and article originally from thefintechtimes.com. Read the original article here.