Symfoy Square Expert
Integrating a business software package with a charge processing module is straightforward. The module can be fully incorporated with a tabbed phase within the application or accessed through buttons within the applications. Or, it is able to be created as an outside module that makes use of batching for moving records between the processing program and the primary utility. Payment processing can also be provided as a separate online bill-pay function that does not at once combine with the primary application database. This integration technique can also be used to embed a "pay now" hyperlink in e-mail invoices generated through the enterprise software bundle. Examples of each type of implementation, along with wellknown guidance on implementation time, fee, and sales capacity, are furnished beneath.
FULLY INTEGRATED
A payment processing module may be included into any enterprise control software program be growing a button that hyperlinks to the processing module. By clicking at the "charge processing" button, users might be capable of collect on any individual bill. By selecting a habitual billing alternative from the menu, they'll be capable of method all ordinary transactions queued inside the machine. By the use of the charge processing device's API, the center enterprise application can be mapped to the payment processing thing for completely seamless integration.
Typical Integration Time: three days (programming time)
Cost of implementation: $3000
Cost to support charge processing capability: $0 (charge processing organisation absorbs all cost)
EXTERNAL MODULE
Data can be transferred between a enterprise software program software and a price processing software the use of a pre-programmed export module. Field-mapping is programmed into the module in advance to enable one-click on integration. For instance, a easy modular interface can permit invoices from QuickBooks® to be exported, using pre-defined discipline mapping, as a batch for price processing, after which the batch results can be uploaded lower back into QuickBooks for reconciliation.
Typical Integration Time: 1 day (programming time)
Cost of implementation: $a thousand
Cost to support payment processing capability: $0 (fee processing company absorbs all price)
ONLINE PAYMENT FORM
Any commercial enterprise software program software that consists of invoice printing functionality can without difficulty consist of online price functionality as an choice for customers. This simple step can absolutely do away with the want to print and mail paper invoices. Instead, electronic invoices which consist of a link to a cozy online price shape are emailed to customers. The customer clicks the link and might pay the invoice on-line via credit card or direct debit from a checking or savings account. With a touch greater complex link, fields which includes bill #, amount, and consumer quantity can be embedded in the link and auto-filled in the on line price shape. Payment processing companies can regularly host this on line price form, so a consumer need now not have a internet site to advantage from this sort of system. See an instance of this type of shape.
While this kind of integration is actually the perfect to implement, it does have the disadvantage of requiring the client to maintain a payment processing database break free the principle commercial enterprise application. However, most charge processing packages have customizable export functions that can be leveraged to switch transaction consequences returned to the principle business utility.
Typical Integration Time: three hours (programming time)
Cost of implementation: $300
Cost to aid charge processing capability: $0 (price processing employer absorbs all cost)
ADDITIONAL REVENUE POTENTIAL
There are more than one alternatives for payment processing vendors available to enterprise software program builders. However, some massive agencies do no longer offer the developer a sales share. There are different picks--and it's miles great to select one that gives an ongoing sales percentage for all transactions processed with the aid of the partners' customers. In addition, the pleasant charge processing partners also offer marketing programs, and technical help for their systems. The following is a breakdown of potential revenue.
Marketing Cost: $zero (payment processing organisation absorbs all fee of advertising and marketing upload-on capability to software program customer base, and of advertising digital charge choice to their clients.)
Revenue Share: A quantity of variables will determine ability sales percentage includingsize of client base, percent adoption of digital payment functionality, percentage of cease-person money owed paying electronically and form of transaction (ACH or Credit). The following is an average situation.