Fattmerchant wants to turn software firms into payments companies
- Software companies have all the SMB eyeballs these days.
- FIrms like Fattmerchant are helping them turn into payment companies cheaper and more easily.
There are so many fees in credit card processing. Fattmerchant, which started almost a decade ago, set out to simplify things with the market’s first subscription, all you can eat, pricing for merchants. As the firm has matured, it’s grown into an integrated payment technology provider that continues to simplify the payment experience for SMBs by bringing various payment technologies together via API.
Now, Fattmerchant has introduced a partership with Finix on a new product called Flex which further empowers software firms to start processing payments immediately within their platforms.
Fattmerchant President Sal Rehmetullah joins on on the podcast to talk payments, the evolution of Fattmerchant, the new Flex product and where the payments market is headed in the future.
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The following excerpts were edited for clarity.
Beginning a career in payments
People in payments know that once you get in, you don’t have any idea how long you’ll be in the industry. I had zero ambition to be in payments or to talk about merchant services or payment technology. I worked at Deloitte in New York City, traveling the world for two years.
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