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The solution to credit customers : Autodebit

The solution to credit customers : Autodebit

  Autodebit feature is a must-have feature for automating your accounts receivables process especially when you have a lot of credit customers.Autodebit allows you to automatically pull funds from your customer account  based on certain conditions being met. For eg : Some of the conditions could be as below Autodebit on the date the Invoice is …

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Betalist experience of a B2B payments startup.What worked and what didn’t

Betalist experience of a B2B payments startup.What worked and what didn’t

Betalist experience : What worked our betalist page 1) Got traffic! Lots of them! The amount of traffic may not look impressive but for a new startup on the block this is pretty impressive Another interesting fact was that majority of the visitors visited the pricing page We can explain why there were only a few …

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Reasons why QuickBooks credit card processing is a bad idea

Reasons why QuickBooks credit card processing is a bad idea

1. QuickBooks credit card processing Interchange fees are way through the roof!   3.4% interchange fee(QuickBooks credit card processing fee )for keyed in credit card numbers are more than the maximum interchange fee listed by VISA.In the US for B2B payments this can be reduced to up to 1.65% if level 2-3 data is being sent …

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Controversial way to get invoices paid on time

Controversial way to get invoices paid on time

1. Auto Debit ( The controversial way to get invoices paid on time) Most banks across the world provide an auto debit feature. An auto debit feature allows you to pull money from a customer’s bank account automatically without any customer’s intervention. In the US this is called ACH payments, in Europe, this method of …

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4 must have features in a Credit card processing software for businesses

4 must have features in a Credit card processing software for businesses

1) Credit card processing software with support for level 2 and 3 transactions Credit card interchange fees are usually high.The interchange fee could be anywhere between 2.5 to 3 %This is one of the reasons many businesses are moving to ACH payments in US.ACH payments service provided by most banks costs almost nothing ! Switching …

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Collections software and payment processing software: Features to look for

Collections software and payment processing software: Features to look for

1.Connects to your current billing /ERP /CRM Data entry is a pain.It becomes a greater pain when your company uses multiple software for ERP , CRM or billing software.The ability to move data between these products in a integrated fashion should be your top-notch priority as any software should help you improve your team’s productivity …

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Accepting B2B business payments electronically online using credit card or direct bank transfers(ACH transfer)

Accepting B2B business payments electronically online using credit card or direct bank transfers(ACH transfer)

Accepting B2B payments electronically isn’t any more a deviation from the norm as it used to be.Most fortune 500 companies have either partially or completely moved to digital payment. Companies, especially in the B2C space accepting payments from consumers, have completely switched to digital payments as the cost associated with other non-digital means as a …

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Accept ACH payments and credit card payments in sap ,QuickBooks,JDE

Accept ACH payments and credit card payments in sap ,QuickBooks,JDE

      Accept ACH payments and credit card payments in sap, QuickBooks, JDE ERP systems such as SAP, JDE or invoicing software such as QuickBooks are tools that help you track your inventory, orders, invoices, payment status etc but these systems don’t provide you a way to let your customers pay against invoices raised …

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How does ACH payments work ? What is NACHA ?How are ACH payments relevant for B2B payments

How does ACH payments work ? What is NACHA ?How are ACH payments relevant for B2B payments

How ACH payments work and how it is related to NACHA NACHA (Automated Clearing House Network) refers to a specific electronic payment network in the US that acts as an intermediary between multiple banks in the US for inter-banking transactions.NACHA defines the rules and regulation that each of the member banks should follow to maintain the …

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Check list to select a payment processing software (EIPP)

Check list to select a payment processing software (EIPP)

Selecting a payment processing software is an important decision to make as the time and effort spent in setting up the system should provide long-term benefits to help to scale up the accounts receivable division of any organizations.As the organization grows by leaps and bounds by adding more customers and increased revenue, the accounts receivable department …

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