Traditional
|
Stripe
|
|
---|---|---|
Uploading payout data
|
Manual | Automatic |
Verifying recipient data
|
Manual | Automatic |
Issuing payments
|
Manual | Automatic |
Reporting payouts
|
Manual | Automatic |
Tracking balances
|
Manual | Automatic |
Error handling
|
Manual | Automatic |
1099 generation
|
Manual | Automatic |
Cozy depends on Connect to replace hundreds of millions of dollars previously sent via paper cheques. Now, fast, secure digital payments are sent directly to landlords’ bank accounts. Stripe’s features, documentation, performance and support are world-class.
We serve independent professionals who are always on the go in the field, salon, or in-session with clients. Many work at nights and weekends and are used to getting paid immediately. With Instant Payouts, they don’t have to wait. PocketSuite deposits their funds within minutes – it’s better than cash. It’s helped grow our payment volume by 20%.