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What is Sokin?

Sokin operates as an all-encompassing global business payments platform, allowing organizations to efficiently oversee their accounts, transfer funds, receive payments, and conduct business smoothly across international markets through a unified interface. Its ability to manage and maintain funds in 26 different currencies helps companies reduce their dependence on various providers or regional banking institutions. Furthermore, the platform supports global payments in over 70 currencies, facilitating transactions in more than 170 countries via local payment methods, SWIFT, and instantaneous transfers between Sokin accounts. Teams can boost operational efficiency by storing beneficiary information, converting currencies, assigning user roles for payment authorizations, and processing up to 5,000 individual payments at once, which significantly minimizes manual workload. Moreover, Sokin accommodates payments through cards and various alternative payment methods, while also delivering embedded financial services via flexible APIs. Businesses can streamline numerous processes, such as payouts, currency conversions, onboarding, and KYC and KYB compliance, all while effortlessly integrating these features into their own systems, thus boosting their operational prowess. This seamless integration not only simplifies the complexities of financial transactions but also grants businesses enhanced control and adaptability over their payment processes, ultimately supporting their growth and efficiency in an ever-evolving marketplace.

What is Playto?

Playto is a digital platform created to facilitate and enhance payment and transaction workflows for businesses that provide professional services. Authorized partners on the platform have the capability to create payment requests and links to cater to various financial requirements such as deposits, milestones, outstanding balances, and recurring fees, while buyers have the flexibility to pay using their preferred methods. The platform includes features like invoicing, contextual information for service orders, recurring billing when applicable, business verification, transaction record maintenance, and tracking of payment clearances and supplier payouts. Functioning as a Merchant of Record, Playto manages the sales processes, payment transactions, billing, and customer support for qualified professional service transactions, allowing partners to focus on delivering their services. The range of payment options, eligibility criteria for partners, supported currencies, pricing models, and payout timelines depend on specific account conditions, transaction particulars, and the capabilities of the provider. At present, the service is limited to only those professional services that have received approval. It is crucial for users to understand that Playto does not operate as a bank or an escrow service, which clarifies its operational scope and ensures users are aware of what to expect from the services offered. This transparency is essential for fostering trust and clarity in the user experience.

Media

Media

No images available

Integrations Supported

NetSuite
QuickBooks Online
Sage 100
Xero

Integrations Supported

API Availability

Has API

API Availability

Has API

Pricing Information

Free
Free Version

Pricing Information

$0
There is no monthly or setup fee. Transaction charges apply and vary by payment method and account or transaction terms.
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub

Company Facts

Organization Name

Sokin

Date Founded

2019

Company Location

United Kingdom

Company Website

sokin.com

Company Facts

Organization Name

Playto

Date Founded

2023

Company Location

India

Company Website

playto.so

Categories and Features

Cross-Border Payment

Not specified

Categories and Features

Cross-Border Payment

Not specified

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