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Frequently Asked Questions: Integrated Payments for Software Companies

USIO

Here are some of the most FAQs software companies ask Usio about integrated payments, along with comprehensive answers to help you navigate this critical aspect of your business. What are integrated payments? Why should my software company consider integrating payments? What types of payment methods can be integrated?

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Best Credit Card Processing Companies

The Daily Egg

Every business that accepts credit cards needs to have a processing company to facilitate these transactions. Whether you’re selling online, in-person, over the phone, or on-the-go, businesses across all industries must use a payment processing service. This can make it challenging to find the […].

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The Future of ACH: The Value and How to Include It in Your Payment Strategy

USIO

The Automated Clearing House (ACH) network , a key player in the realm of electronic payments, has evolved to meet these demands. As we look to the future, ACH is poised to become even more integral to financial operations. Understanding its value and how to incorporate it into your payment strategy can offer significant benefits.

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Why Sales Tax Compliance Matters for Growing SaaS Companies

SaaStr

And, when you do, do you even think about sale tax compliance? As you scale up, it’s essential to ensure that your sales tax management process is accurate and automated, so you don’t run into compliance issues in the future. . Let’s explore a few more ways in which sales tax compliance could impact your growing business.

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SaaS CX: The Optimal Failed Payment Recovery Strategy

But this relationship can be at risk if their credit card payment fails. Maintaining a positive customer experience during payment recovery is key to minimizing churn and improving retention. This situation worsens if your recovery strategy treats the customer as the problem. The result? Costly customer churn.

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Skip the Hiring Headache: How Usio Makes Payment Facilitation a Breeze

USIO

Hiring your own staff as a payment facilitator involves significant costs and risks. Key Roles and Estimated Salary Ranges Compliance Officer Role: Ensures that your operations adhere to all relevant regulations, mitigating legal risks. Estimated Salary: $85,000 – $150,000 per year.

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Integrated Payments vs. Payfac-as-a-Service: What Developers Need to Know

USIO

Two prominent solutions that have emerged in recent years are integrated payments and Payfac-as-a-Service. While both aim to simplify payment processes, understanding the nuances between the two is crucial for businesses to make informed decisions about which solution best suits their needs.

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SaaS Business Fundamentals: How Decline Codes Impact Failed Payment Recovery

A failed payment isn't just a lost transaction - it could mean a customer churning for good. But not all payment declines are the same. For SaaS businesses, decline reasons vary, shaped by customer demographics and the nature of your service.

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How Clinic Sense Reduced Churn and Unlocked More Revenue

ClinicSense is a SaaS platform that supports over 7,000 massage therapists who use it for appointment management, payments, scheduling, marketing activities and more. Despite having a relatively low payment failure rate, the company discovered that the failures disrupted the customer experience.

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How Becoming a Payment Facilitator Improves Your Merchant’s Experience

How does becoming a payment facilitator help them achieve this? Many business-to-business software companies were founded for a single, fundamental purpose: to improve the business solutions available to a certain industry or vertical.

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5 Myths - and the Truth - About Becoming a Payment Facilitator

Being a payment facilitator is not for everybody. But the single biggest factor that gets in the way of becoming a payment facilitator is the obfuscation (lies, to tell the truth) circulating within the industry about what it takes to be a PF. The timing might be wrong.

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Payments 101 Webinar: Demystifying Payments

Speaker: Tracie Poland and Ted Vandeburg

For lots of people, accepting payments looks complicated. So much jargony talk about things like processors and interchange, right? Then you’re in a better position to look at your options and see how you can really take advantage of what payments have to offer your company. We don’t think this should be hard.

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Compliance 101: What You Need to Know as a Payfac

Payment facilitators are obligated to follow rules and regulations from the multiple entities that govern the payments ecosystem. Compliance is achieved by implementing the appropriate processes needed to adhere to these rules and remaining aware of changing conditions.

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Your Guide to Embedded Payments

Right now, the embedded payments conversation can be downright confusing. Part of the reason for this owes to the sheer volume of terms used to describe some of the approaches within the space, like payfac, payment facilitator, merchant of record (MOR), embedded payments, software-led payments––and that's just to name a few.

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PayFac vs. ISO: What Is the Optimal Integrated Payment Strategy in SaaS?

Our comprehensive article delves into the merits and challenges of Payment Facilitators (PayFac) versus Independent Sales Organization (ISO) registration. Delve deeper into issues of scalability, compliance, and setup. Equip your business with the knowledge to choose the right payment strategy.