Make Faster, Smarter Decisions When Onboarding Micro-Merchants and Sole Proprietors
For any company that onboards other businesses, there was the world before Stripe and the world after Stripe. The standard for processing a business loan or application to transact used to take 2-3 days; today, the expectation is that it takes less than 5 minutes – and merchants are not shy about abandoning the application flow and choosing to do business with someone who is faster.
To amplify the disruption introduced by Stripe, global markets indicate a trend of increased micro-merchants and sole proprietors, which challenge the very core of traditional onboarding and threaten companies who don’t update their risk processes in this new world.
Attend this webinar to learn more about how organizations like yours can use a mix of automation and enhanced manual review to speed up merchant onboarding for smaller merchants without sacrificing the thorough understanding of the risk involved.
At the end of this session, you will be able to:
Understand the market trends challenging merchant onboarding status quo and how onboarding micro-merchants and sole proprietors is different from more traditional businesses
Learn how the world’s leading payments, B2B lending and marketplace organizations built their onboarding processes to scale – and how you can too, whether you process hundreds or thousands of applications per month
Learn about how Ekata data, in addition to your own, can help drive better risk models and faster decisions