Blog Posts

October 9, 2017

Solving Bill Pay

< Back to Resources
Sankaet Pathak
Chief Executive Officer

Solving bill pay is an important piece of the puzzle to build out a full stack deposit product. So today we are announcing version 1 of our bill pay product. 

‍

Here are some of the features:

‍

Fits right into our existing transactions API

We have built bill pay on top of our existing transactions API. The idea being, you can pay a bill from any type of Synapse managed deposit account, to a CHECK-US account type. Making this a part of our existing transactions API is crucial, because it means that now developers only need to spend 10–15 minutes to add bill pay functionality into their existing products.

‍

It's ubiquitous

Since the primary distribution mechanism of the bill pay product is a physical check, it ensures that regardless of who the merchant is, we are able to fulfill the bill payment.

‍

Low cost

Depending on your contract, bill pay would cost anywhere from $1 to as low as 50¢. No percentages or complicated fees.

‍

Automated  exception handling

Since the bill pay product is built on our transactions API, it also inherits all the timeline and subscription features, making it very easy for developers to automate exception handling around failed bill pays.

‍

———

‍

Our Bill Pay product is now in public beta. If you wish to integrate this into your existing products, please feel free to reach out to us at hello@synapsepay.com.

Download Thought Leadership GuideDownload Thought Leadership Guide

Sources

Contact Sales
Access our API documentation

The Launchpad for
Financial Innovation

Platform

Modular Banking For FintechsModular Banking For BanksDeposit HubCredit Hub

Company

Why SynapseAbout UsCareersLegalLending

Insights

ResourcesCase StudiesContact Support

For Developers

Get StartedAPI DocsRelease NotesProduction LoginSandbox LoginStatus Page

help@synapsefi.com

© Synapse Financial Technologies, Inc. 2023

Terms of ServicePrivacy PolicyTerms of Use

* Synapse-Enabled Services services are offered through Synapse Financial Technologies, Inc. and its affiliates (collectively, “Synapse”). Synapse is not a bank and is not affiliated with any Platform Operator.

Brokerage accounts and cash management programs are provided through Synapse Brokerage LLC (“Synapse Brokerage”), an SEC-registered broker-dealer and member of FINRA and SIPC. Additional information about Synapse Brokerage can be found on FINRA’s BrokerCheck. See Synapse Terms of Service, Privacy Policy, and the applicable disclosures and agreements available in Synapse’s Disclosure Library for more information.
The Partner Financial Institution(s) participating in a Synapse cash management program can be found in the List of Program Banks.
Deposit, Banking and Card services are provided by Synapse Financial Technologies, Inc.’s partner banks.
Credit services are provided by Synapse Credit LLC, a licensed U.S. lender in designated states.
Use of the Synapse-Enabled Services are subject to the Terms of Service.

Use of our (Synapse Financial Technologies, Inc.) services are subject to our Terms of Service.

Solving Bill Pay

< Back
Sankaet Pathak
October 9, 2017

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.