It’s likely your company is working with multiple different providers for various payment-related needs such as invoicing, fraud prevention, secure payment gateway and chargeback management. But when it comes to payment processing, having multiple vendors can be a hassle – it creates more possible points of failure and extra layers of reporting, reconciliation, and troubleshooting.
Might not seem like a big deal when it involves a less critical aspect of the workflow, but it’s not difficult to imagine how payments-related issues can quickly escalate into a substantial negative impact on your business. What’s more is that there are additional fees from each supplier, each of them eating at your bottom line.
For companies looking for payment processing services, the best option is to choose an integrated provider. Today there are full-suite payment service providers, like Merchant Direct, that can provide integrated services which will save you money and time.
As a business executive or owner, you might feel leery about changing payment providers after having received satisfactory service from the current vendor. Or on the other hand, you might be hesitant about consolidating your various payment functions, given how much payments technology has changed over the past few years. However, one of our experienced and knowledgeable staff members would be more than happy to take some time and explain to you how an integrated payments providers is beneficial when compared to controlling several interrelated vendor relationships. In the meantime, consider the following points about integrated payment providers:
Most importantly, working with an integrated payments provider can help improve the payment experience and relationship with your customers. This includes electronic invoicing, branded customer portals to make payments or view account history, recurring billing, and tokenization to easily make repeat purchases.
The fast evolution of the payments industry has made it common to find business owners and executives wedged into a network of relationships with multiple different service providers, all focusing on different aspects of the payments cycle. However, this is an easy problem to solve – transitioning to an integrated payments provider has never been easier. Call or email us today to find out how Merchant Direct can help!