Faber Technologies Selects Payment Rails Payout API to Power Marketplace Payouts.

Posted by Payment Rails team on May 30, 2018 9:30:00 AM

Canada’s leading contract construction worker marketplace automates payouts by leveraging Payment Rails Payout Platform.

Montreal, Canada – May 30 2018 – Payment Rails, a global payout platform that enables businesses to send fast and low-cost payouts to freelancers, suppliers, and employees anywhere around the world, has been selected by Faber Technologies (Faber) to power their growing marketplace payout needs.

Faber is disrupting the way construction companies staff job sites. Up until now, finding contract workers has been done in one of two ways: using expensive staffing agencies or using 3rd party listing sites such as CraigsList and Kijiji. Faber’s marketplace now brings together qualified workers and construction companies to solve their staffing needs. Having established themselves in the Vancouver market, Faber plans to expand to Calgary, Edmonton, Toronto, and Seattle in 2018.

“As we scale-up our operations, we needed to automate our payout process, and ensure we have reliable technology in place to pay our workers. Payment Rails did exactly that. Using their global payout infrastructure, we are able to automate the complex collection of banking information and automate our payout process. This makes sure we will not have any admin bottlenecks as we scale.” Said Faber’s Co-founder and Chief Revenue Officer, John Reid.

Faber and Payment Rails

“The Payment Rails team has been a breeze to work with and extremely responsive to our technology needs. Having a single API integration that allows us to pay anyone in any country allows us to focus on our core technology and the user experience of the workers and construction companies. Expanding to new markets is now a frictionless experience since Payment Rails’ platform takes care of all the heavy lifting for us: banking rules and validation, currencies, and foreign exchange.” said Faber’s Chief Technology Officer, Harp Dhinsa.

“Faber is an exciting Canadian startup disrupting a space that has worked in a traditional way. We are excited to be working with Faber since their marketplace platform is the ideal type of business that Payment Rails was built for. They can start in one market like Canada, and as they scale into new countries, our platform can seamlessly power that new market expansion” said Tim Nixon, Co-founder and CEO at Payment Rails.

Payment Rails simplifies global mass payouts for online marketplaces, on-demand and share economy platforms, ad networks, affiliate platforms, app stores, and growing businesses with international payout needs.

With Payment Rails’ global payout infrastructure, businesses can automate their accounts payable process, saving time and reducing transaction costs by up to 90%, paying as low as $1 per transaction.

About Payment Rails
Payment Rails is the next-generation cloud technology platform that enables businesses to send payments to any individual or company anywhere around the world, in any currency and in to major payment methods. Through its powerful API, businesses can access Payment Rails’ global banking, faster payment systems and real-time networks, at a fraction of the cost. Payment Rails can pay in 150+ currencies to 200+ countries for as low as $1 per transaction with real-time and transparent FX rates.

Payment Rails simplifies global mass payouts for online marketplaces, on-demand and share economy platforms, ad networks, affiliate platforms, app stores, and growing businesses with international payout needs. For more information, visit www.paymentrails.com or Twitter and Facebook

 

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