My company, Invoiced, supports routing payments across different processors/merchant accounts. There are many interesting use cases for it within the billing space beyond just cutting transaction costs.
One common use case we see is trust accounting for lawyers. The gist of it is that trust and operating funds are stored in separate bank accounts, depending on the context of the bill. It’s a legal requirement that can result in disbarment if not followed properly.
Another scenario we run into is with insurance billing where policy payments need to go to different bank accounts or even be handled by a different processor, depending on the policy.
I know of other software systems that can do payment routing as well.
Invoiced | Backend and Frontend Software Engineers | Austin, TX | Remote ok | Full-time | https://invoiced.com/careers
Invoiced is a startup that helps companies modernize and automate their billing processes. We work with companies that have high-volume or complex billing processes that have recently outgrown/broken their current billing system.
We are looking for both backend and frontend engineers that are passionate about delivering high-quality, testable code (because who likes getting a bill for the wrong amount?). The ideal candidate should be comfortable shipping production-level code in a fast-moving environment. We are currently a team of two developers supporting over 15,000 businesses that rely on our software to get paid.
What we use: PHP (Symfony 4), MariaDB, Redis, AWS, AngularJS
Invoiced is a startup that helps companies modernize and automate their billing processes. We work with companies that have high-volume or complex billing processes that have recently outgrown/broken their current billing system.
We are looking for both backend and frontend engineers that are passionate about delivering high-quality, testable code (because who likes getting a bill for the wrong amount?). The ideal candidate should be comfortable shipping production-level code in a fast-moving environment. We are currently a team of two developers supporting over 15,000 businesses that rely on our software to get paid.
What we use: PHP (Symfony 4), MariaDB, Redis, AWS, AngularJS
The Oklahoma state government is grossly incompetent (I grew up here). A few years ago they cut the oil and gas production tax down to as low as 1% for the first 3 years. After a new well has been in production for 3 years the tax rate goes back up to 7%. The problem with that is that most of the production happens in the first 3 years. When the normal tax rate kicks in the wells are mostly dry!
And yet to this day, with the school system falling to pieces, the state government is still debating [0] whether to re-impose this tax on oil and gas producers. Keep in mind that this tax cut directly benefits companies like Devon that have an $18B market cap, as well as other larger out-of-state producers. As a comparison, neighboring Texas seems to tax oil and gas production at 4.6% [1]. It's a very shameful situation.
In my opinion this is the crux of the problem. Law makers have messed up priorities. In an ironic twist some oil and gas producers are even asking for the tax to be raised [2]. Even they know it is too generous.
Invoiced is a startup that helps companies modernize and automate their billing processes. We work with companies that have high-volume or complex billing processes that typically break other billing systems.
We are looking for employee #1, a top-notch backend engineer, that will help us grow and keep up with customer demand. The ideal candidate should be comfortable shipping production-level code in a fast-moving environment. We are currently a team of two developers supporting over 5,000 businesses that rely on our software to get paid.
I would assume the board seats that the investors get in return for their investment provide this kind of protection. If the founders do not want to raise another round then the investors can boot the founders out and replace them with someone that will play ball. With board control then this might be more implied versus explicitly defined in the fundraising terms.
Disclaimer: I've never been in this situation personally
I'm in a similar boat as you having quit Facebook several years ago after the revelations about the emotion manipulation experiments they were running. At first I did not understand why people were so polarized about the candidates. Now I'm attributing this mainly to being cut off from Facebook.
EDIT: By polarized I mean intense hatred, coming from both sides
You are looking at our paid service, invoiced.com. Invoiced saves your invoices online, and does much more, whereas invoice-generator.com only generates PDF invoices.
I made this 4 years ago for those times when you just need an invoice. Today 10s of thousands of individuals and businesses use this each day to get paid. It's free to use with no login required. Instead it uses localStorage to remember data.