In today’s competitive digital landscape, providing a seamless payment experience is no longer optional—it’s expected. But did you know that embedding payments into your platform can also become a new revenue stream? With LockTrust TrustHub, your marketplace or platform can not only simplify payments for your users but also monetize payment activity in a smart, flexible way.
Why Embedded Payments Matter
Integrating payments directly into your platform offers multiple benefits:
- Improved user experience: Customers can pay quickly without leaving your platform.
- Increased engagement: Frictionless payments keep users returning.
- New revenue opportunities: You can earn from every transaction processed through your platform.
LockTrust TrustHub gives you the tools to achieve all three while providing flexible monetization models that fit your platform’s size and strategy.
Option 1: LockTrust Handles Pricing
With this approach, LockTrust manages all pricing and collects processing fees directly from your connected accounts.
How it works:
- LockTrust sets rates for different payment methods and countries.
- Interchange costs are handled by LockTrust.
- Your platform may qualify for revenue sharing as a LockTrust partner.
Example:
A merchant on your U.S.-based platform selling plumbing services pays $2.75% + 20¢ per credit card transaction directly to LockTrust.
Why choose this option:
- No need for a dedicated pricing team at launch.
- Leverage LockTrust’s expertise to grow payments on your platform.
- Focus on optimizing the user experience and engagement rather than worrying about transaction fees.
Option 2: Your Platform Handles Pricing
If you prefer more control, your platform can manage pricing and collect processing fees directly from users.
How it works:
- Set your own rates for different payment methods and countries.
- Collect fees on a per-transaction basis from connected accounts.
Example:
A merchant selling plumbing services on your platform pays $2.75% + 20¢ per transaction directly to your platform.
Benefits of this approach:
- Full control over pricing and margins.
- Ability to adjust fees based on business strategy or platform growth.
Considerations:
- Requires a dedicated team to monitor and manage payment strategy.
- Must account for potential fluctuations in ongoing processing costs.
Which Option Is Right for Your Platform?
Both approaches have their merits. If you want a hands-off, expert-managed solution, letting LockTrust handle pricing is ideal. If you want full control and margin flexibility, managing pricing internally might be the best fit.
Either way, embedding payments with LockTrust TrustHub turns every transaction into an opportunity—enhancing the user experience while creating new revenue streams.
Ready to start monetizing payments on your platform?
Contact us today to explore the best solution for your business.