A settlement service aimed at reducing the issue of missed card sales for self-employed business owners is set to launch. Finbridge Holdings announced that it will officially introduce its card sales settlement service, "DoumPay," in January next year, which enables deposits within a few minutes after card payment.
The current card settlement system has limitations, as each card company has different deposit dates and times, making it difficult for self-employed business owners to immediately reconcile sales and deposit records. In many cases, it takes two to three business days for the actual deposit after card approval, and if weekends or holidays are included, the perceived deposit time can be further delayed. During this process, some sales may be missed due to post-approval cancellations, uncollected duplicate payments, or card company system errors.
Business owners also face the burden of having to inquire with each card company, payment gateway provider, and settlement agency to check for any missing deposits. Especially for small sales amounts, there are frequent cases where business owners overlook missed deposits due to the cost and time required to verify them, even if they are aware of the omissions.
"DoumPay" aims to address these issues by applying a structure in which settlement occurs simultaneously with card approval. By matching the approval and deposit times, the company explains that it structurally reduces the possibility of delays or omissions caused by differences in settlement schedules among card companies.
In addition, considering that some immediate settlement services operate in the form of financial loans, resulting in burdens such as credit checks or reflecting existing loans, the company stated that "DoumPay" is designed based on a settlement structure that is not recognized as a loan.
A representative from Finbridge Holdings said, "Within the industry, there is growing attention to the stability and transparency of settlement structures as key factors in cash flow management for self-employed business owners, especially in an environment where card payments have become routine. The issue of card sales settlement should be discussed not just as a matter of convenience, but as an industrial infrastructure challenge."
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