So you’ve signed up to become a Brick partner, and now we’re about the set things up together. As the stations are being packed and sent there’s a bit of downtime where we get to set things up for you so that the business infrastructure works for you – payments are one of those things.
So how does the payment infrastructure work? Short answer: it depends.
Payments from the user
First things first, we will need to make sure that the end-user is able to pay their rentals (which you can read all about here). Brick has one of the most expansive payment infrastructures available, making digital payments available throughout more than 95% of the world. When you partner with us we’ll first check methods available to you. Different providers have different pricing and different features.
After your payment provider has been assessed we will adapt the system to your local requirements. Several European countries, for example, require the fiscalization of digital payments, i.e. real-time VAT-reporting. Brick will develop these solutions to fit your needs, with your help.
Getting paid as a partner
When your payment solution is in place, stations have been delivered, and you start seeing rentals rolling in, you naturally want that money to end up in your bank account.
Depending on your market this will happen in different ways, either through immediate payment splits, or delayed payment splits.
Immediate partner payment split
In markets with immediate payment splits it’s very simple. You connect your bank account to the payment solution provider, and you receive payouts in real-time. The amount has already been split in accordance with the application fee split. Both Brick’s share and the transaction cost are included in the application fee. In other words, the money that is transferred to your bank account will include local taxes, everything else is taken care of automatically.
Delayed partner payment split
In markets where a delayed partner payment split is required, payments arrive in full and the split is invoiced at the end of the month. This can go two different ways; either Brick HQ invoices you, or the other way around.
The delayed partner split means that the payouts will take longer, but once you’re up and running you’ll quickly end up in a proper routine.
What payment method or solution is best for you?
Well, you are going to avoid ending up in a situation where you have to choose. Brick’s payment solution covers most markets around the world, and your solution depends on what market you operate in. As our payment partners expand we will be able to offer better deals and more options for all partners.
We currently have direct integrations with the following Payment Solution Providers:
- Worldpay (FIS)
- Payten / Chipcard
Contact us and we’ll be able to provide information about your particular market and what solution will be best for you.
You might want to read this for more information and inspiration: