About
SymLinq is a payment processing platform built on the foundation of Account-to-Account (A2A) transfers, aiming to revolutionize how businesses and consumers handle money. In a world dominated by credit card fees that place unnecessary financial strain on merchants and consumers alike, SymLinq offers a simpler, more affordable alternative. By focusing on direct transfers, our platform helps users avoid high processing fees and credit card debt while ensuring transactions are secure and efficient.
At SymLinq, we believe in empowering small businesses and everyday consumers by offering a seamless, cost-effective way to process payments. With a commitment to transparency, security, and convenience, we strive to make a positive impact in the retail financial space and bring financial freedom to those who need it most. Our mission is to help businesses grow and consumers thrive by cutting costs and simplifying money movement in a secure, reliable manner.
Why Using Your Credit Card Is Getting More Expensive | WSJ
Play Video
Our Story
After a 24-year career on Wall Street, working for esteemed institutions like BNY Mellon, Morgan Stanley, Merrill Lynch, and payment-focused companies like Fiserv, our founder, Ritesh, witnessed firsthand the burden credit card processing fees place on both consumers and merchants. Total credit and debit card swipe fees – which have risen 50% since the pandemic and reached a record $172.05 billion in 2022 – are most merchants’ highest operating cost after labor. This impacts small businesses and adds to the growing debt of everyday consumers. Frustrated by the undue advantage credit card companies take, Ritesh decided it was time for a change. He envisioned a better way—one that would save people money, offer added security, and simplify transactions.
Recognizing a gap in the retail financial system, Ritesh set out to create a platform that leverages Account-to-Account (A2A) transfers, eliminating the need for traditional credit card fees. Driven by personal experiences and a desire to help small businesses stay afloat, he founded SymLinq, a solution designed to bridge this gap, providing a more secure, efficient, and affordable way for businesses and individuals to manage their financial transactions.
Average Swipe Fee Cost Per HouseHold
Year 2020
500
Year 2021
724
Year 2022
894
Year 2023
1024
