Features & Benefits
Enhanced with the latest in payments technology.
Put your trust in our platform
Velo provides the most comprehensive payout solution to exceed the needs of the marketplace today and future proof payments for years to come. With an easy to use, mobile-first design, coupled with an additional layer of transparency and data, Velo provides a solution that can save users valuable time and resources.
Frictionless payments
The Velo platform removes client burden. Once onboarded, payments are made to a payee, not a bank account. Any change to payment instructions is managed by the payee. Client's pay payees not accounts.
Simple onboarding
We have a streamlined interface for payees to onboard and provide their payment preferences so they can be paid. Onboarding includes KYC/KYB checks and multiple automated processes including screening against OFAC, Sanctions and AML lists.
Real-time reporting
The Velo platform supports on-demand reporting that can be generated in our customer facing Portals. All information related to payees and payments can be queried by our API.
Velo provides compliant payments processing, optionally handling compliance checks and data sovereignty wherever we operate, including compliance with GDPR and other data privacy requirements.
The best tool for clients
The Velo Platform uses the latest technology to save clients time and resources. The platform cuts manual processes and costs by reducing errors and exceptions with beneficiary directed payments. In addition, it provides all-party access to unified real-time payment information, increasing self-help capabilities while reducing customer service needs.
Features for clients
Enable your payees
The Velo Platform allows recipients the freedom to onboard themselves and choose where their payments go. With an intuitive UI, beneficiaries can manage their profiles and track payment lifecycles.
Features for payees