Startups and large companies alike have sought to disrupt the payments space, but it has largely been a one sided effort. Square, Stripe, Paypal, and others focus primarily on collecting payments. Tipalti has taken the opposite approach, helping “mass payers” distribute payments around the world.
Tipalti has created an “automated end-to-end global payment engine” that supports a full range of localized payment methods and currencies in virtually any country. These methods include ACH / Direct Deposit, Global-ACH / International Local Bank Transfer, paper check, wire transfer, PayPal, prepaid debit card, and cash via Western Union.
With the goal of making the process as frictionless and comfortable for each payer as possible, Tipalti uses the payer’s own bank account without the need for any third-party transfers. Also, the company offers white-labeled payee registration and payment selection sites, branded to match the payer website’s look and feel.
August 3, 2012