In the world of payment processing technology, things move quickly and sometimes that can be overwhelming. PaymentCollect® is here to take away that unneeded stress. That’s why we want you to be able to understand what we can do for you, without getting lost in the complicated details.
How Does PaymentCollect® Save You Money?
Credit/Debit card payments have multiple components to the amount they charge merchants. One of those components is a common cost (same to all Merchant Service Providers collected by the Credit Card companies such as Visa, Master Card, Amex and the others.) The second is a variable cost, determined by the Merchant Service Providers (MSP) for your account. The last one is on a per merchant basis and is the MSP’s revenue.
Long story short, our relationship with Credit Card companies allows us to cut costs and save you money. Since PaymentCollect® does not have any commissionable agents and our costs are mostly fixed, we can offer merchants a reduced processing cost.
What Will PaymentCollect® Do For You?
You have probably heard us use the term “Integrated Plugins”, but what does this really mean? Integration allows you to manage all your payment processing, vault, and reporting tasks all in one spot! You don’t need to process the payment using an external device or portal and then re-enter it in QuickBooks®, it all happens simultaneously, from the same platform! PaymentCollect® ensures everything happens seamlessly and transparently from within QuickBooks®, making you less prone to making mistakes and gives you more time to put back into your business!
Integration also comes into play with our Shopify Plugin. With other providers, your QuickBooks® and your Shopify systems are unrelated. With PaymentCollect®, these systems work together to efficiently control inventory. This means that information from both your in-person sales, as well as your online sales will conveniently be analyzed together.
The Difference Between Products
You may be thinking that you need to add electronic payment options to your business, but you’re not sure where to start. That’s okay, we know the terminology can be confusing, so here’s a breakdown!
With PaymentCollect®, there are three different products that can all help your business – Point of Sale, Desktop, and Online. Each product designed to work with a specific QuickBooks Solution®. There are of course multiple options within each product, such as Taking NFC payments, receiving payments online, shopping cards and more. Contact us to find the right option for you!