This Independence day break out from the clutches of payment processing hassles
With the help of a well-aligned payment processing strategy your business can reap ample rewards, such as increased efficiencies, reduced costs, and minimized risk—to name just a few. Yet, there may be roadblocks in the way of a successful payment strategy. Enjoy the freedom from payment processing hurdles this Independence day. Let’s take you through a few challenges that businesses are grappling with while payment processing and guide you to overcome them.
Freedom from Late Payments
Late payment is one of the biggest issues facing small businesses today and the excuses for late payments are numerous and well used. Just after a product or service is delivered, the billing department prepares invoices and shares them to the customer as soon as possible. As clear as it may seem, far too many businesses will complete such work in groups, taking a week or more to invoice their clients.
With EaseBuzz payment link solution, you can automate SMS & Email payment reminders via SMS, email, whatsapp or IVR. An easy payment link with a fixed amount and purpose of payment will give you freedom from late payments and alert your customers in advance. You choose your preferred mode of integration by using our APIs within your own ERP, CRM or software solution to start in a matter-of-minutes.
- Freedom from Payout Troubles
You can provide instant refunds to your ecommerce customers directly into their bank accounts by using EaseBuzz Payout APIs. You can control, track and analyze all types of money movements from a single dashboard. It can automatically assist you to provide instant refunds to your ecommerce customers directly into their bank account. You can use payout links to send payments instantly without the hassle of fetching and validating bank details and can schedule payments without missing out on due dates.
With EaseBuzz, businesses can also queue the payments even if the account balance is low and never have to worry about payment failures. This fintech firm also offers you varied options where you can choose to pay via a mobile number, UPI handle or a bank account number.
- Freedom From Recurring Billing Challenges
Every new subscription, pricing change, support for alternative payment methods, upgrade and downgrade requests, flexible invoicing, and prorations will add to the code complexity dramatically as you scale. Running an in-house billing system will feel like running a minor product within your main product at this stage.
With the EaseBuzz Smartbilling API, you can manage each of your unique customers. This recurring billing software, which categorises activations, signups, upgrades, and downgrades, trials, will go a long way towards increasing a company’s efficiency. You’ll be able to handle clients, payments, and users on a regular basis. With EaseBuzz at your fingertips, you can also create and send GST compliant invoices that your customers can pay online instantly.
- Freedom From Chasing Payments
Chasing down late-paying customers can disrupt your cash flow and valuable resources. It can also add a negative element to your correspondence that can be damaging to client relations. With automated payment reminders using EaseBuzz APIs, you get away from the clutches of tedious and time-consuming bill-chasing. By sending out automated communications you can say what needs to be said without any of the awkwardness. Clients are more likely to pay promptly with automated payment reminders. Let EaseBuzz send email and text reminders for you along with payment links via SMS, Email or Whatsapp.
Automatic payment link reminders can help you collect the online payments instantly. It’s critical to include all updated information when sending payment reminders. This data encompasses the details about the product or services they purchased, the date of purchase, quantity, a description (if required) and so on. EaseBuzz – EasyCollect payment reminders allow you to establish a reminder that sends bills to your customers automatically. For example, if any bills are 30 days over due, you can send a reminder on the 1st of the month. When sending payment reminders businesses can also offer a range of payment options to their customers via SMS, email, and WhatsApp.
Ready to streamline your payment through automation? Contact EaseBuzz today.