Payment System
Fintech offers a secure, electronic funds transfer (EFT) payment system that ensures invoice payments are made on-time and in compliance with the liquor laws outlined by each state.
By revolutionizing the alcohol payment process with automatic payments, Fintech provides businesses the comfort of knowing their invoice payments are automatically scheduled and can be conveniently viewed at any time.
How it Works
- Alcohol deliveries are made to retail locations as normal – only a signature is required.
- After a Distributor makes a delivery, they’ll submit their invoice electronically to Fintech for payment.
- Funds are transferred directly from the retailer’s bank to the distributor's bank according to invoice due date.
- Fintech then provides data and reporting for both parties.