4 min read

The 3 Biggest Benefits of Integrated Payment Processing

Dec 27, 2019 8:45:00 AM

integratedpayments-3410230_640Merchants today are savvy and know the importance of getting the best deal they can for payment processing.  What many merchants fail to realize is how critical integrated payment processing can be to streamline workflows and save money. There’s no easier or better way to improve your bottom line than implementing an integrated payments solution that works with the business systems you already use today.

Integrated payments enables you to save time and money, benefit from Level 3 discounted rates for B2B transactions, and provide an omni-channel processing environment.

Level 3 Processing

Level 3 processing can result in massive savings on your B2B or B2G transactions. 

To take advantage of the Level 3 discount, your processing first needs to be on “Interchange Plus” rather than a flat rate pricing model. Interchange Plus Pricing plans pass the interchange costs directly onto you with a fixed and transparent markup. Thus, saving you money over a flat rate or tiered rate pricing plan.

Qualifying for Level 3 enables even further savings but requires the merchant to submit additional data points.  It is easy to pass these additional data points for Level 3 when you work with a processor that offers integrated payment processing.  This is because the integrated payment processor will automatically pass along all the Level 3 data with the ERP and eCommerce integration.  Thus, streamlining the payment process by avoiding manual entry, as well as saving money and time integrating directly with your ERP or eCommerce systems. 

Level 3 Payments Pointers Screenshot

Functionality

In addition to securing the best rates and taking full advantage of Level 3 discounts, there are many features to consider to find the right processor for your business.

Your payment solution can impact:

  • Your cash flow
  • Your workflow efficiency
  • Your bottom line
  • Your customer satisfaction

Your payment solution should feature:

  • A simple and seamless integration.  Does your processor have an integration with your current accounting system, ERP, or eCommerce shopping cart? Payment solutions that are built natively within the platforms you already use allow you to move, transition, and flow information seamlessly between them.
  • Compliant Gateway. If you’re locked into using one Gateway through your processor, check if the gateway is also subjecting you to extra per transaction fees and/or monthly fees. The APSPAYS Vault allows you to store customer payment credentials for future use. APSPAYS Vault is a 100% PCI-DSS compliant gateway with reporting tools for easy reconciliation. Use our tokenized protection and data encryption to further enhance your security.
  • White-glove customer service. Is your payment processor available when you need them, prepared to answer your questions, and anticipating your needs as a business owner? 24/7 live support should be the standard for all payment solutions, as well as access to key integration experts to supply more than cursory assistance.
  • Excellent uptime-versus-downtime ratio.  Downtime on your payments translates to lost sales, lost revenue, and lost customers. If a processor is struggling with constant downtime, that can be the result of returned responses in the coding, a lack of additional servers and failovers systems, or another result of poor planning. 
  • Security you can trust. Do you feel secure in the processor that controls your customer’s data, or worse, are you holding sensitive customer data on your own servers? Simplify PCI Compliance and data security with tokenized credit card data, secure vaults, and free PCI-DSS Compliance Assistance. 

Products designed for you and your customers to love; such as APS ClickToPay, which helps customers pay their invoices quickly, securely, and easily with just the touch of a button.

Payments Pointers Aside From Rates

Flexibility

As businesses look to simplify their processing, all-in-one payment solutions are steadily increasing in demand. Omni-channel and all-in-one payments providers can provide far-reaching and flexible coverage for almost any merchant that is looking to simplify their processing. 

In business to business, you might have a couple of different ways that you’re processing payments. You might have online eCommerce shopping carts, phone orders, ACH and bank-to-bank transfers, mobile, and more. When customers can make payments the way they want, they are more likely to pay faster. 

This simple truth is omni-channel payment processing is an important competitive advantage for your business.  If your payment processor is not offering omni-channel payments, or does not have the payment methods that your business needs, you should look for a new provider. 

OmniChannel Payments Pointers

APS Payments is an expert in the payments industry and offers custom tailored advice to provide the secure, compliant, and simple to use payment solutions that your company needs. Our seamlessly integrated solutions automatically submit required data and reduce manual entry which lowers any risk of error and protects your data every step of the way. APS Payments is leading the way in the payments industry by providing omni-channel payments, 24/7 customer support, and up-to-date technology for thousands of merchants. 

Ready to get started today with an integrated payments solution?  Contact us to learn more!

New call-to-action

Jeff Kohl
Written by Jeff Kohl

Post a Comment