The entire Payfac in a Box™ team has been busy as new software developer partners are coming on board, batch onboarding their book of merchants, and starting to see their residual revenue flow in. But we did catch up with Ben Kauder, the architect of the solution, for a little Q&A session for this week’s blog while he and our Chief Revenue Office, Vaden Landers, are on the road along the West coast. Here’s the recap of what questions ISVs are asking, what they are excited about, and more.
Now that the holiday rush is over and you’re back at work focused on improving your business and operations we have some ideas to help you save time, money and improve customer retention by upgrading how your customers pay. Giving your payments infrastructure a tune-up is a surefire way to spark a productive and profitable new year.
The payments space is complex; there are so many routes to set up electronic payments acceptance it could make your head spin. And the end-all goal is automation while maintaining control and security. Everyone is looking for a way to fully sync the payments cycle from swiping or keying in a card to recording the transaction in a bookkeeping system to shooting out a receipt to the customer. Therefore, creating a fully automated and easy payments life cycle.
Topics: electronic bill presentment, electronic bill payment, integrate payments APIs, bill presentment and payment, payments software integration, integrate payments into software, payments automation, payment integration
Free money. That’s what everyone is dreaming of right? The ability to add a revenue stream to their business without any extra hassle, expense or risk. Well, the easiest way for ISVs or software developers to do just that is by integrating a payments platform like our Payfac in a Box™ solution. Not only can merchants process electronic payments through the solution but you can use our APIs from the Singular BillPAY side of the platform to also integrate their bill presentment and payment operations from customers into it, therefore saving them time and money on no longer mailing invoices or chasing down past due accounts. It’s a major win-win for you, the software company and your merchant users. And of course, the best part of the software platform is that they get a revenue share on all the transactions processed! We make payments software integrations easy. Read on to learn more.
Topics: electronic bill presentment, electronic bill payment, bill presentment and payment, singular billpay, payments software integration, payfac in a box, integrate payments into software, payfac, payment faciliator, e-invoicing, add a revenue stream
We are constantly innovating here at Singular Payments, striving to meet all our merchant and software channel partners’ needs with electronic payments software integrations that make life easier. Payfac in a Box™ is one such innovation. We think of it like Stripe but for Practice Management and enterprise software systems. Our Payfac in a Box™ solution delivers a full suite of API calls, by transaction type in each language, so developers can easily cut and paste the code segments needed to incorporate all the payments features software users need and want. We recently blogged about some of the many benefits of payments software integrations – read that post here.
This month we’re focused on ways you can save and we’ve realized many of our merchants don’t realize we handle EVERYTHING electronic payments related. This means we service not only your desktop terminal but also your Pay Now button on your website, your ACH needs to accept payments directly from checking/savings accounts, recurring billing, collect outstanding balances through our BillPAY service, gift cards that you can customize for your business or pre-paid gift cards as incentives for your employees and more! Similar to how you utilize multiple lines of insurance with the same provider to access a deeper discount, we provide the same benefits under our flat rate umbrella when you utilize more than one of our electronic payments services.
Singular Payments focuses on delivering our flat rate payment processing solution direct to merchants and integrating into software with custom solutions. There are many benefits for the software users and vendors to integrate payments into the solution. Not only does processing payments with a custom flat rate inside the software solution add convenience and speed for users, but it also adds a new revenue stream for the software vendors that can add up. And with the high costs of development, this can be a huge help.
Topics: credit card processing, singular payments, payments integrations, software integration, integrate payments APIs, bill presentment and payment, singular billpay, integrating payment processing into software, payments software integration