Qualpay Announces Strategic Partnership with Shoptype to Integrate Embedded Payment Solutions for Cosellers

Shoptype is a new platform that democratizes social commerce on the internet to help businesses, creators, communities, and publishers increase sales by leveraging organic conversations to drive and reward sales.

San Mateo, Calif., November 16, 2022 — Qualpay, a leading cloud-based platform that simplifies and improves the payments process across a range of industries for both merchants and integrated software vendors (ISVs), announced a strategic partnership with Shoptype, a platform that allows communities, brands, retailers, customers, and influencers to build more rewarding and sustainable ways to work together. Shoptype will utilize Qualpay's platform to seamlessly integrate payment processing into their checkout system and support a complex network of marketplaces, vendors, and influencers.

"Our goal is to democratize retail and disrupt affiliate and multi - level marketing, by empowering community commerce and the creator economy.Qualpay is helping us achieve this by easing the payments processing burden for our customers," said Amit Rathore, founder and CEO of Shoptype. "We chose to team up with Qualpay because of their quick onboarding of our customers, extensive analytics, recurring billing options and other complex money flows as well as the seamless flow between buyers to brands and royalty payouts for Cosellers.Having a strategic partner and platform which ensures our market networks run smoothly means no one misses a payment and we can scale up quickly."

"Qualpay is excited to partner with Shoptype to help maximize their customers' checkout and payments experience by reducing vendor complexity and providing an integrated payment experience for their brands and influencers," said Craig Gass, CEO of Qualpay. "Like us, Shoptype provides social commerce solutions to a broad range of industries and markets with unique needs and that range requires the type of service and support that Qualpay is uniquely positioned to provide.Qualpay's platform gives Shoptype a flexible, configurable, and individually- branded experience for their customers, and easy to understand real - time reporting that can flow into their dashboards and user wallets."

This new partnership was established to address common challenges of the creator economy to allow brands to bind transactions end - to - end across peer - to - peer - to - peer chains of influence.With Shoptype's wide range of global brands and unique partnership with their Cosellers, they will leverage the agility of the Qualpay platform for complex end - to - end transaction flows.Real - time analytics will enable customers and Cosellers to optimize their multi - touch attribution based on performance, and the easy to use platform will support seamless settlement, ensuring that no influencer and no payment is missed.

Qualpay, is a technology-first payments platform. Qualpay simplifies and improves the payments process for merchants across a range of industries. Qualpay also helps ISVs create value for their customers with elegantly embedded banking and payment services. Their solutions utilize the most up-to-date technology to reduce costs and streamline back-office operations. Qualpay's comprehensive system addresses and resolves the payment challenges B2B and B2C businesses face, ensuring a stronger, more robust infrastructure that allows companies to focus on growing their business. Qualpay's reporting intelligence and data analytics allow customers to manage their payment finances quickly and efficiently, saving time and money. Simply put, Qualpay provides a better way to manage payments. For more information, please visit www.qualpay.com.

Shoptype, is a new platform that democratizes the internet platform economy. It takes e-commerce from its current prepaid marketing model to global post-paid sales driven by billions of organic sellers and Cosellers from around the world. Now, any business can connect their store to Shoptype, and magically start receiving orders via the creator and influencer universe, and only pay for the actual sales revenue as it comes in. Founded in 2020, Shoptype's mission is to create a borderless world economy, powered by a secure and fair internet that works for all. For more information, visit our website at www.shoptype.com or for interviews or press kit, contact Ben Watson, Chief Marketing Officer - ben@shoptype.com

Media Contacts

Qualpay Media Contact
Daniel Quinn
516.578.6905
daniel@milkandhoneypr.com
Chief Marketing Officer
Ben Watson
media@shoptype.com