What is Reap? Reap Review, Features

Reap is a one-stop online payment and collection platform that focuses on small and medium-sized enterprises, online stores and start-ups. You can simply fill in the recipient's information and transfer money from a credit card. It only takes 3 working days to transfer the money to the other party's bank account. The process is simple and fast.

About Reap

• Reap uses credit cards to make the company's cash flow smoother and increase the efficiency of funds from daily company expenses and income, completely changing the company's cash flow management model. Reap believes that companies should develop their potential, regardless of their size. We will continue to innovate for companies, improve technology, and build better tools so that different types of companies can also compete and obtain more resources.
• Reap is designed for SMEs and start-ups. It does not require any professional programming knowledge. You only need to enter simple information to receive funds through your bank account and pay with personal or company credit cards.
• Use your credit card to pay any operating expenses, such as employee salaries, shop or office rentals and goods costs, through Reap, thereby increasing working capital to expand your business. In addition to simply obtaining liquidity instantly, you can also earn credit card spending rewards, airline miles, cash rebates and other benefits.
• There is no charge to open an account with Reap. Our service is divided into two parts, namely Reap Pay and Reap Collect. Reap Pay is designed to collect online payments from your credit card. It only charges a 2.6% handling fee when you make or receive payments. There is no upper limit on the amount of money collected, but you should pay attention to your credit card credit limit to avoid exceeding the limit and being charged a credit card overdraft fee.

Frequently Asked Questions about Reap

Q: What is Reap?

A: Reap is an online payment and collection platform. You can pay any fees with a credit card through Reap; you can also collect payments from your customers through Reap.

Q: Is Reap free?

A: Registering as a Reap user is completely free! Reap provides a variety of paid and free services for commercial users.

Q: What information must I provide?

A: All beneficial owners will be required to provide the following data:

1. Name;
2. Copy of Hong Kong Identity Card (for Hong Kong residents); or
3. Copy of passport (for non-Hong Kong residents).

Q: When do I need to provide this data?

A: Employees responsible for opening or operating Reap accounts will be required to provide relevant information when opening a Reap account.