Payment platforms are end-to-end solutions that provide everything you need to run your fintech business, from payment processing to accounting to customer relationship management. They enable you to manage your financial operations from a single dashboard, while charging a fee per transaction, and perhaps offering different plans or packages based on features or volume. Payment platforms simplify and streamline payment operations and workflows, such as invoicing, billing, reconciliation, and reporting. They can also enhance and automate payment functions and capabilities, such as subscription management, revenue recognition, tax calculation, and compliance management. Additionally, they can integrate payment data with other tools and platforms like CRM, ERP, or analytics. However, they may be more expensive and complex than payment gateways or APIs if you only need basic or specific payment features. Furthermore, they may limit customization and control of the payment experience such as branding, user interface, or functionality. Lastly, they could lock you into their ecosystem making it harder to switch or migrate to another service or system.