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Visa has become an investor in Behalf, which provides a working capital option for large and small merchants at the point of sale when completing a purchase to obtain goods or services for their businesses.
Based in New York City and Tel Aviv, Behalf offers financing through its merchant network for B2B sales. The company promotes the concept that businesses that accept Behalf payments would be paid immediately at a transaction rate lower than credit cards.
Companies choosing to pay through Behalf instead of cash, check or credit card are able to adjust their own payment schedule for each purchase.
“Small businesses are the backbone of the global economy, and Visa is committed to enabling new payment experiences
Read full article » http://www.paymentssource.com/news/visa-invests-in-business-financier-behalf
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