The service they offer can save you a lot of time, headache and make errands you had to do convert to quick digital clicks. It’s basically a service that allows you to charge anyone by sending them a link, they open the link, choose whether to use KNET/Visa/MasterCard to pay you and proceed.
So you can literally send a link to someone in Spain to pay you, invoices are sent via SMS, Whatsapp, Email or a combination of the three to receive your money. Money is transferred within one business day and they offer an API for websites that want to integrate their system directly.
The way you do it is either going to their website [MyFatoorah] and generating an invoice or through their app like I’ve shown above. You put the name of the customer/client, the amount and your done. You can also go to the settings to pick whether he pays the transaction fee or you do which I found was a neat feature to have.
I tried charging a friend 30 KD and it worked, got the amount sent directly to my bank account next business day. It’s also worth noting you can set recurring costs, this is great for people who own real estate and charge for rent wherein the system will charge your customers automatically every month.
I asked them about their transactions fees and they’re actually flexible. The default/standard rate is 2% for KNET & 3% for Visa/Mastercard transactions. Depending on how much transactions you do, you can negotiate a better deal with them, especially if you’re a vendor.
Google Play Store App: [Link]
Apple App Store: [Link]