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We Deal with the Payment Processing Technology, So You Don’t Have To

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!

What Does E-commerce Look Like in 2021?

Electronic Payment Systems: Moving Beyond Cash, Checks

Through 2020, the world has seen an increase in consumers turning to e-commerce and electronic payment methods. Did you know that Forbes magazine says there has been a 149% increase in US and Canadian online retailers since April 21st, 2020? Along with that, shopping at small and medium-sized businesses are becoming more popular. With the online payment methods that PaymentCollect ® supports, local businesses have the ability to successfully explore a digital space. With a new year upon us, e-payments will further advance and change to the current situation. Here are the upcoming predicted e-commerce trends for 2021, and how PaymentCollect ® and QuickBooks® Plugins can help your business stay current and efficient. 

Creating a Personalized E-commerce Experience 

Users have moved away from generic experiences, and everything is beginning to be more customized and personal. This includes the experience consumers are looking for when using online customer service. Personalization can include product recommendations, human interactions, and helping customers achieve their goals. With fully integrated online plugins, PaymentCollect ® and QuickBooks® can assist in providing the personalization you are searching for. With our POS Payment Processing, information reaches the user quickly, in real-time, making their experience specific to them. Also, by using PaymentCollect ®, your QuickBooks® receipts are organized to your preferences. If you have questions regarding ways to incorporate your business’s unique needs into your current QuickBooks® online systems, please contact us!

Providing the Best Electronic Payment Environment for the Customer

Over 50 million users are relying on electronic payment systems such as Intuit QuickBooks® to operate their businesses comfortably. With e-payments being such a large part of people’s lives, it is important for customers and business owners to feel safe. In 2021, security is everything, from your smartphone to your online purchases. PaymentCollect ® allows you to feel confident that essential information remains private during credit card processing and other online payment activity.

Advanced Speed and Workflow

According to Shopify, 10 years of e-commerce growth happened in just 90 days. As more users are seeking digital options to retail, the competition in the online space is growing. More brands are introducing online stores, which means consumers will have more providers to choose from. In order to make your business stand out, your software must be simple, and efficient in order to maintain the consumer’s attention. By choosing PaymentCollect ® you will have access to the new features in QuickBooks® Online Advanced Speed Workflow, including streamlined invoicing without upgrading your current system. QuickBooks® Desktop 2021 also offers more options to save time and boost productivity. We are always thinking about user solutions as we design our software, so you can focus on building brand loyalty from your beloved customers.

Choose PaymentCollect ®

Allow PaymentCollect ® to guide your business through 2021. We will be a partnership that is consistent, efficient, and will always keep your brand at the top of our priority list. You can feel confident that we are constantly studying the e-commerce trends, and will work hard to ensure your current systems are able to manage all of your electronic payments.