Robert Ronning Congratulates PayVida for Online Payment Platform

With the PayVida platform, the user provides 12 simple lines of information.

Vancouver, British Columbia - April 16, 2018 /MarketersMedia/ —

With the immense amount of inventions over the past decade alone due to the growth of the digital sector, there is an increasing need for companies that prioritize security over any other aspect of their day-to-day production. PayVida’s innovative Payment Facilitation, set to launch in early 2018, will be the first to offer instant mobile, online, and in-store payment acceptance and financial services to merchants in North America, creating new opportunities and conveniences for merchants in today’s economic landscape. Robert Ronning, co-founder of PayVida Solutions, details the specific advantages the revolutionary online payment platform will provide, as it ensures modern, cost-effective solutions that uniquely address glaring operations needs within the fintech industry.

“As it stands today, merchants have two main options; one being a traditional account provider through a larger bank, and the other being a payment facilitator like Square or PayPal,” says Ronning. “Both are effective and can meet a number of business’s needs, but they tend to be cumbersome due to an extensive signup process, as well as long waits for verification, approvals and funding. They also have implemented high fees due to the associated risks.” He describes PayVida as a hybrid between the two that retains their best features, focusing on common shortcomings and inconveniences that can often hinder a merchant, while also accommodating emergent pay methods and cryptocurrency conversion.

With the PayVida platform, instead of a long application process and waiting period, the user provides 12 simple lines of information, which includes a quick facial scan and uploading of a government ID. Approval status is offered almost instantly, which then enables access to a proprietary Smart Terminal and ecommerce suite, along with an optional debit card that can accomodate real-time transfers for both the business and its employees. All of this is built on a transparent and understandable pricing model, with no contracts, cancellation fees or monthly minimums. PayVida integrates with most online payment platforms, and even provides a developer-friendly API for those who want to customize it to their particular operation’s needs.

Another major aspect the company takes on is the possible trouble some businesses may run into when seeking to obtain a loan. Instead of approaching banks and payment facilitators, a merchant can use the PayVida Capital to see how much they qualify for, and then receive access to their funds within 24 hours after approval on the PayVida debit card linked to the account. “Smaller vendors often have challenges working with larger banks and qualifying for lending,” Robert Ronning says. “PayVida Capital makes the loan application process frictionless and easy to qualify for. The amount is based directly on sales, as opposed to the financial track record of the merchant,” he explains. “For example, if the user’s business does $20,000 a month in sales, we will typically lend them $20,000. It’s that simple.” Ronning believes this streamlined method to borrowing will give businesses the necessary resources needed to increase their revenue long term, avoiding the common roadblocks that deter many from securing the additional funding needed to reach their goals.

Robert Ronning is a financial technologies expert from British Columbia. In 2013, he co-founded PayVida, a groundbreaking payment processor on a mission “to rebuild the payment industry from the ground up,” radically changing the way businesses get paid and acquire capital. PayVida aims to spearhead the creation of a healthier marketplace by offering ethical and affordable payment processing solutions to business owners and entrepreneurs.

Robert Ronning - Co-founder of PayVida Solutions: http://robertronningnews.com

Robert Ronning - Crunchbase: https://www.crunchbase.com/person/robert-ronning

Robert Ronning - Facebook: https://www.facebook.com/robertronning1

Contact Info:
Name: RRN
Email: contact@robertronningnews.com
Organization: RobertRonningNews.com

Source URL: https://marketersmedia.com/robert-ronning-congratulates-payvida-for-online-payment-platform/331574

For more information, please visit http://www.robertronningnews.com

Source: MarketersMedia

Release ID: 331574

More News From Enter Hollywood

Rebel Wilson back in Australian courts in defamation appeal

Jul 19, 2018

MELBOURNE, Australia — Rebel Wilson has applied to Australia's highest court to increase the comic actress's payout from a defamation case against a magazine publisher. The 38-year-old, best known for parts in the "Pitch Perfect" and "Bridesmaids" movies, was awarded in September an Australian record 4.6 million Australian dollars ($3.5 million) in damages. A Victoria state Supreme Court jury found that that German publisher Bauer Media defamed her in a series of articles in 2015 claiming she lied about her age, the origin of her first name and her upbringing in Sydney. But three judges on the Court of Appeal...

Geoffrey Rush pulls out of Australian stage production

Jul 19, 2018

CANBERRA, Australia — Oscar-winning actor Geoffrey Rush has pulled out of Shakespeare stage production in Australia as he sues a Sydney newspaper for defamation. Melbourne Theatre Company Artistic Director Brett Sheehy said he received confirmation Monday of Rush's withdrawal from the role of Malvolio in a seven-week season of "Twelfth Night" that begins on Nov. 12. Rush cited his current circumstances and medical advice for having to withdraw. "I do so with the greatest regret. I know that I would not be able to provide the necessary creative spirit and the professional stamina required," Rush said in the statement received...

100s draped in see-through fabric in Australian photo shoot

Jul 19, 2018

MEBOURNE, Australia — Up to 400 people stripped naked then draped themselves in see-through red fabric in a Melbourne city car park on Monday to pose for U.S. photographer Spencer Tunick. A supermarket had initially refused the photographer renowned for large-scale nude crowd shots around the world permission to use its rooftop car park in the inner suburb of Prahran. But the retailer relented in the face of a public backlash, with 12,000 people applying to take part. Chloe Horler said she felt lucky to be included among the hundreds of men and women who stripped in 9 degree Celsius...

Chinese tech giant Tencent plans US listing for music arm

Jul 19, 2018

BEIJING — Tencent, China's most valuable tech company and the operator of the popular WeChat social media platform, says it plans to spin off its streaming music service on a U.S. stock exchange. The company said in a statement issued through the Hong Kong stock exchange that the share price and other details of the stock offering in Tencent Music Entertainment Group have yet to be decided. Tencent Holdings Ltd.'s other businesses include WeChat and online games and video. Most of its activity is concentrated in its faster-growing home market in China but the company is gradually expanding abroad. Tencent...

China blocks John Oliver on social media after scathing show

Jul 19, 2018

BEIJING — A popular Chinese social media site is censoring discussion of "Last Week Tonight" and its HBO host John Oliver after he mocked Chinese President Xi Jinping, his apparent sensitivity about being compared to Winnie the Pooh and his country's crackdown on human rights. Attempts to send posts with either the terms "John Oliver" or "Last Week Tonight" on the Sina Weibo microblog Friday were met with failure messages saying "the content contains information that violates relevant laws and regulations." Oliver's show on Sunday made satirical references to Xi and the way that Chinese internet users often joke that...

Sign up now!