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Integrated Acumatica Payments with Level 3 Helps You Improve Your Bottom Line

In an increasingly competitive market, software providers can gain a competitive advantage by helping clients automate chargeback management—which then gives them added value to pass on to their customers. Many ISVs assume that they can easily add this functionality to their internal technology roadmap. You might consider this option, too. But note that entering the payments space is more than just a features and functionality project—it’s highly regulated and requires integration with a wide array of fintech organizations to ensure technical stability, security and compliance. That’s why most ISVs opt to partner and integrate rather than build in-house.

Switching or choosing a new integrated payments provider is challenging and time consuming. Whether you’re choosing a partner for the first time, or are dreading the process of switching providers, if you’re putting in the effort, it’s got to pay off. Use these six criteria to make an informed choice that ensures your implementation is a success, and your new payments partner can support your growth and profitability goals.

You needed a new payments partner. You've conducted due diligence, selected a partner, and integrated the payments solution with your application. However, six months later you've failed to commercialize the solution with only a handful of customers accepting payments. Where did it go wrong, and how could you avoid it in the future?

You needed a new payments partner. You've conducted due diligence, selected a partner, and integrated the payments solution with your application. However, six months later you've failed to commercialize the solution with only a handful of customers accepting payments. Where did it go wrong, and how could you avoid it in the future?

Split funding has a history of offering convenience and easier accounting, but the latest evolution of this monetary disbursement process makes it even better for independent software vendors (ISVs) and the software clients they serve. The funds disbursement process of the future is here, and it’s called flexible funding.

It’s been proven that it’s more cost-effective to keep a customer than to get a new one. However, it’s not a foregone conclusion that software customers will stay from year to year.

Payment facilitation, or “payfac,” continues to grow in popularity among software providers and is designed to facilitate payment card acceptance without requiring individual merchants to go through the lengthy process of establishing traditional merchant accounts.

Whether you’re planning on adding the ability to process payments to your software for the first time, or you’re looking for a new partner to handle your payments, the process can seem complicated. But it doesn’t have to be.