Toronto-headquartered Wave has partner with Visa to launch a new limited release payments solution that aims to transform the way small businesses manage their cash flow and provide merchants quicker access to funds.
Utilizing Worldpay’s acquiring platform, Wave’s new Instant Payouts feature integrates Visa Direct, Visa’s real-time push payments solution, into Wave’s comprehensive small business financial platform, enabling faster access to money earned.
Wave’s Instant Payouts feature is backed by the power and ubiquity of Visa’s network, which helps enable secure, convenient, real-time funds delivery directly to eligible Visa card holder account credentials.
This new feature is part of a suite of complementary solutions that Wave offers to small business owners, and is fully integrated with the Payments by Wave experience.
By combining Wave’s streamlined invoicing and payment solutions for small businesses, Visa’s push payment technology and the power of Worldpay’s acquiring platform, Wave customers are able to receive money in real-time, even on evenings, weekends, and holidays.
Instant Payouts is currently available to an early access group of Wave customers, with plans to be released to customers across North America in the coming months.