About Us
Ryft is a unified payment platform designed specifically to power marketplaces and B2B platforms. The Ryft solution processes payments and then automatically diverts funds to merchants and sub-merchants (minus any commissions) the next working day. Think Stripe Connect without the high fees and lengthy payout wait times. The solution is completely PSD2 compliant.
The idea of Ryft came from our first business getbutlr.com, a mobile ordering marketplace app for pubs and bars. We scaled rapidly during Covid, hitting 500 active venues at peak. Stripe Connect, the only solution available that catered to our payment needs, made profitability on “microtransactions” impossible, especially adding extra fees for fast payouts to our cash strapped merchants. So we identified a gap in the market and built something to fill it.
Many marketplaces are caught unaware by PSD2 compliance. This presents a unique opportunity to capture market share by presenting a solution that fixes this and takes administerial headache away from finance teams.