For many years, businesses had to use multiple solutions to accept payments from their customers. With an integrated payment system, you can streamline your processing and operations all within a single platform.
The best way to create a seamless user experience is to take advantage of integrated payments. Integrated payments makes onboarding new merchants and accepting payments a breeze.
What are integrated payments?
Integrated payments allows you to embed payments in your app or website and connect your payments with other business operations. When all of these systems are working together, it makes it easier for merchants to accept payments and collect important data. This has a number of benefits for SaaS businesses.
An integrated payments system enhances the point-of-sale by optimizing the availability of features and providing access to modern payment technology that boosts sales and increases revenue.
How do integrated payments benefit SaaS Companies?
Take a look at all of the benefits of using integrated payments for your SaaS company!
Boost Revenue
With integrated payments, shoppers don’t get redirected to a third-party site to complete the transaction anymore. Instead, everything happens in your app or on your website under your brand, creating a more seamless, pleasant shopping experience. The easier it is to pay, the more customers will complete their purchases. That satisfaction can improve the conversion rate of purchases so users are less likely to abandon carts and therefore improves sales.
An integrated payment system also means faster deposits. When a customer makes a purchase on your website, the payment is updated in real-time which increases revenue and business operations with timely payments.
Improves Customer Experience
In the internet age, products compete based on small, crucial differences. Providing the buyer with a good experience is more important than ever. Doing away with the jarring experience of moving to a different page with a different UI can go a long way. An integrated payment system keeps the buyer on your website under your brand, providing a simple, streamlined experience.
Integrated payment systems can also simplify the onboarding experience for merchants. When merchants are onboarded within your app or SaaS website, you have full control of the questions they are asked in the onboarding process. Rapidly onboard and underwrite merchants in an instant so you can start accepting payments right away.
More Customizable Solution
Another benefit of an integrated payment system is that it can be customized based on the features that your business needs now and can be updated as you grow. Integrating a CRM into your payment system can provide insights into customers purchasing trends and track sales. It’s important to have a customizable platform that can grow with your business. From contactless payments to payment applications, payment software is very important for business success.
Saves Time
One of the biggest advantages of using an integrated payment system is the speed of processing payments. You can save time by automating payments and data entry. You can also set up recurring payments by using a scheduling feature that makes it easy to bill without having to repeat actions regularly.
Strengthen Security
With an integrated payment system, businesses can accept payments securely using a payment platform that is PCI compliant and has bank rate security. This provides a more secure way of managing payments. Integrated payment systems encrypt data from end-to-end and combining functions means fewer chances of security issues.
Ready to start integrating payments?
With the wide variety of benefits offered by integrated payment services, don’t hesitate to consider partnering with a payment facilitation provider for your business. Amaryllis Payment Facilitation Platform can help scale your business and increase your business valuation by monetizing the payments flowing through your service.