What is FedNow® Payment Processing for Self-Employed Individuals?

FedNow® Payment Processing for Self-Employed Businesses provides a seamless, low-barrier solution for:

✔ Invoicing & Payments with Real-Time Processing – Accept money instantly, even without a merchant account
✔ Request-for-Payment (RfP) with .html Payment Page Links – Allow clients to pay instantly via RTP®, ACH, or Credit Cards
✔ New Business & Bad Credit Approval – No high-risk penalties or credit checks required
✔ ISO 20022 Messaging for Automated Payment Tracking – Ensures accuracy and security
✔ Secure A2A Transactions with FedNow® – Funds settle instantly, reducing fraud risk

This modernized payment request system allows self-employed individuals and small business owners to receive payments without traditional financial barriers.

FedNow® RfP vs. Traditional Merchant Accounts

Why Sole Proprietors & New Businesses Should Use FedNow®

Feature	FedNow® RfP for Self-Employed & New Businesses	Traditional Merchant Accounts
Processing Speed	Instant (24/7/365)	ACH: 1-3 days, Credit Cards: 1-5 days
Accepted Payment Methods	RTP®, FedNow®, ACH, Credit Cards	Limited, requires approval process
Approval Requirements	No credit check, no bank underwriting	Lengthy approval process, credit score required
Transaction Fees	Lower, Transparent Pricing	Higher processing fees & reserve requirements
Customer Payment Experience	One-click Payment Page with multiple payment options	Manual data entry required via invoices or POS terminals
Chargeback & Fraud Risk	Minimized with verified, real-time transaction authentication	Higher risk due to delays & reversibility

 

Why Self-Employed Professionals Are Switching to FedNow® Payment Processing:
✔ Instant payment collection eliminates cash flow delays
✔ No credit check or business history required for approval
✔ Lower transaction fees compared to traditional merchant accounts

Frictionless Payment Collection for Freelancers, Contractors & Small Businesses

With TodayPayments' FedNow® RfP integration, self-employed professionals and small businesses can send invoices and request payments instantly.

🔹 B2B Transactions: Invoice and receive payments from corporate clients, vendors, and partners.
🔹 B2C Transactions: Provide instant checkout options for customers purchasing services online.
🔹 C2B Transactions: Allow clients to pay for services, projects, and recurring subscriptions with their preferred payment method.

How It Works:
✔ Step 1: Business owner sends a Request-for-Payment (RfP) via email, SMS, or invoice
✔ Step 2: The client clicks an .html Payment Page link hosted on the Payee’s website
✔ Step 3: The client selects their preferred payment method (FedNow®, RTP®, ACH, Credit Card)
✔ Step 4: Payment is processed instantly, and confirmation is sent to both parties
✔ Step 5: The transaction is automatically reconciled in the Payee’s accounting system

Businesses can eliminate invoicing delays and receive payments without financial barriers using TodayPayments’ FedNow® RfP system.

Security & Compliance with ISO 20022 Messaging

How FedNow® RfP Ensures Secure and Fraud-Proof Transactions

Unlike traditional credit card payments or manual invoicing, FedNow® transactions and RTP® payments are encrypted, verified, and compliant with global financial security standards.

✔ ISO 20022 Messaging – Ensures structured, automated, and traceable transactions
✔ Automated Payment Reconciliation – Reduces manual accounting errors
✔ End-to-End Encryption – Protects against fraud, cyber threats, and unauthorized access
✔ Regulatory Compliance – Meets financial industry anti-fraud and security measures
✔ Final & Non-Reversible Transactions – Reduces chargeback risks and payment disputes

With TodayPayments, businesses gain access to secure, real-time financial transactions, ensuring operational efficiency and reducing financial risks.

Ask us how:

"How self-employed businesses can use FedNow® for instant payments"
"Best payment processing for freelancers, gig workers, and new businesses"
"ISO 20022 messaging for secure invoicing and payment tracking"
"How to accept FedNow®, RTP®, ACH, and Credit Card payments without a merchant account"
"Best way for sole proprietors to get paid instantly with FedNow® RfP"

Upgrade to Self-Employed FedNow® Payment Processing with TodayPayments

Traditional merchant accounts lock out self-employed individuals and businesses with bad credit—FedNow® offers an alternative that is instant, secure, and accessible.

With TodayPayments, freelancers, gig workers, and small business owners can:
✔ Accept instant payments via secure .html Payment Pages
✔ Receive money through FedNow®, RTP®, ACH, and Credit Cards
✔ Skip credit checks and avoid traditional merchant account requirements
✔ Automate invoicing and reduce chargeback risks
✔ Lower transaction costs while improving financial security

🚀 Take control of your payment processing—start using FedNow® for self-employed payments today! 🚀

🔗 Start Accepting Payments Now