Instant FedNow® for Real-Time Payments – One-Time & Recurring Payment Solutions for SMBs

Instant FedNow® for Real-Time Payments: One-Time & Variable Recurring Payment Solutions for SMBs

Why SMBs & Businesses with Bad Credit Are Switching to Instant FedNow®

Businesses need fast, secure, and affordable payment options that work for one-time and recurring transactions. Instant FedNow® provides a game-changing alternative with:

• Instant real-time payments—No more waiting for ACH or wire transfers to clear.
• No credit score requirements—Any business can accept payments.
• Lower transaction costs—Reduce fees compared to credit card processing.
• Automated invoicing—With Request for Payment (RfP) digital invoicing, payments are faster and easier.
• Secure transactions—Eliminate fraud risks and chargebacks associated with credit cards.

Key Benefits of Instant FedNow® for SMBs Using One-Time & Recurring Payments

✅ Instant Real-Time Payments – No Delays or Hold Times

• Funds settle in seconds, ensuring immediate access to cash flow.
• Unlike ACH transfers or credit card payments, which take days, FedNow® is truly real-time.
• No more waiting for batch processing, bank approvals, or pending transactions.

✅ One-Time & Variable Recurring Payment Support

• Businesses can accept one-time payments instantly.
• Ideal for subscription-based businesses and service providers using recurring billing.
• Supports flexible recurring payment options for customers with variable payment schedules.

✅ Request for Payment (RfP) Digital Invoicing for B2B Transactions

• Businesses can send digital invoices instantly via RfP.
• Automated reconciliation with QuickBooks®, Xero, and NetSuite for seamless bookkeeping.
• Eliminates manual invoice tracking, reducing errors and late payments.

✅ No Credit Score Requirements – Ideal for Businesses with Bad Credit

• Unlike traditional merchant accounts, FedNow® does not require credit checks.
• Businesses with low or no credit history can accept instant payments with ease.
• Eliminates financial barriers, allowing any business to offer real-time payments.

✅ Lower Transaction Costs – Reduce Payment Processing Fees

• Credit card processing fees range from 2.5% - 3.5% per transaction—FedNow® transactions cost less.
• No PCI compliance requirements—Save on security costs associated with credit card processing.
• Increase profit margins by avoiding unnecessary fees and chargebacks.

✅ 24/7/365 Payment Availability – No Banking Hour Restrictions

• Unlike ACH and wire transfers, which depend on banking hours, FedNow® operates 24/7.
• Accept payments anytime, including weekends and holidays.

✅ Secure Transactions – Enhanced Fraud Protection

• End-to-end encryption and authentication ensure secure transactions.
• Unlike credit card payments, FedNow® transactions cannot be reversed, reducing fraud risks.
• ISO 20022 messaging compliance ensures transaction transparency and security.

Both B2B (Business-to-Business) and C2B (Consumer-to-Business) businesses can significantly benefit from using FedNow Real-Time Payments with "Request for Payment" (RfP) invoicing. Here’s how each type of business can leverage this technology:

Benefits of FedNow Real-Time Payments with RfP Invoicing

For B2B Businesses

1. Enhanced Cash Flow:

• Immediate payment settlement improves liquidity.
• Reduces days sales outstanding (DSO) and enhances working capital management.

2. Payment Certainty:

• Instant confirmation of payments reduces the uncertainty associated with traditional invoicing methods.
• Minimizes the risk of late payments or defaults.

3. Operational Efficiency:

• Automated invoicing and payment processes streamline accounts receivable.
• Reduces administrative workload and the need for manual follow-ups.

4. Improved Supplier Relationships:

• Faster payments can strengthen relationships with suppliers, possibly leading to better terms or discounts.
• Enhances trust and reliability in business transactions.

5. Dispute Reduction:

• Real-time payment confirmations and clear transaction records reduce the likelihood of disputes over payment status.

For C2B Businesses

1. Customer Convenience:

• Provides customers with an easy, quick payment method.
• Enhances customer satisfaction and loyalty by offering a seamless payment experience.

2. Improved Cash Flow:

• Immediate access to funds from sales, services, or subscriptions.
• Helps businesses manage their finances more effectively.

3. Reduced Cart Abandonment:

• Streamlines the payment process in e-commerce, reducing the chances of cart abandonment.
• Improves conversion rates by offering a fast and reliable payment option.

4. Billing and Payments Integration:

• Simplifies the reconciliation process by integrating payments directly with invoicing.
• Reduces errors and ensures accurate financial records.

5. Enhanced Security:

• Real-time payments reduce the risk of fraud associated with checks or delayed electronic payments.
• Immediate payment verification enhances transaction security.

Implementing FedNow with RfP Invoicing

Step-by-Step Guide:

1. Choose a Payment Processor:

• Select a payment processor or financial institution that supports FedNow and offers RfP functionality.
• Ensure they provide integration options with your existing financial systems.

2. Integrate with Accounting Systems:

• Connect FedNow and RfP with your accounting or ERP system (e.g., QuickBooks Online).
• Use APIs provided by the payment processor for seamless integration.

3. Set Up RfP Invoicing:

• Configure your invoicing system to generate and send RfP messages.
• Include payment details, due dates, and payment instructions in the RfP.

4. Educate Stakeholders:

• Train your staff on the new payment process and its benefits.
• Inform your B2B clients or C2B customers about the RfP invoicing and how to make payments using FedNow.

5. Monitor and Optimize:

• Track the performance of FedNow payments and RfP invoicing.
• Gather feedback from users and make necessary adjustments to improve the process.

Example Use Cases:

• B2B: A manufacturing company sends an RfP to a retailer for an order of goods. The retailer pays instantly using FedNow, ensuring the manufacturer receives funds immediately to reinvest in production.
• C2B: An online service provider sends an RfP to a customer for a subscription renewal. The customer pays instantly, ensuring uninterrupted service and immediate revenue for the provider.

Conclusion: Upgrade to Instant FedNow® with TodayPayments.com

Are you ready to accept instant payments with no processing delays and full automation? Instant FedNow® provides:

Instant real-time payments—Funds settle in seconds
Automated invoicing with Request for Payment (RfP)
No credit score restrictions—Ideal for businesses with bad credit
Lower transaction costs and enhanced fraud protection
Support for both one-time and recurring variable payments

Start accepting real-time payments today! Sign up with TodayPayments.com now.