Software developers are
busy in creating the specialized applications. These are solely designed to facilitate
business processes in different markets ranging from the schools to the
insurance companies. The diverse industries have something in common and the
business software enables customer tracking. There are business software
applications that do not take the general steps to enable automatic billing and
many monthly charge collections. The easiest way to get this functionality is
to partner with payment processing company that can provide a turnkey module
integrating with the core business application. The following are certain tips
for selecting such a partner.
Revenue Sharing--Look
for a payment processing provider offering ongoing revenue sharing for various
transactions processed by the customers. This way you not only provide
additional value to customers, but you generate a recurring system as well. .
Easy Integration-- Payment processing system
should have a robust API interface that easily integrates with business
software package.
Branded Interface- -Looking
for a payment processing system that can be branded as an integral part of your
business software package, not one that looks like a separate application.
Minimize Risk--Everyone is aware of the
potential risks of fraudulent electronic transactions. As a business software
application provider, managing risk is not your core business. Make certain
that the payment processing provider assumes all risk related to transactions
originating from your system.
Free Support- - Look for a payment
processing provider that will provide 24/7 technical support for all of your
customers using its system.
Free Training--Make certain that the
payment processing provider supplies complete user guides for its system, and
that it will provided free training to all your customers who choose to
implement the payment processing functionality.
Combination ACH and Credit Card Gateway--Don't
offer customers half solution. Look for payment processing system providing
processing for both transaction of credit card and for ACH transactions.
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