The way that consumers pay for products and services is evolving with more digital payments, international transactions, e-commerce, staged payments and subscription options.
For many businesses, managing these different payments is becoming challenging, with time spent on chasing payments or processing refunds for incorrect payments. This can lead to an overall bad customer experience and the loss of revenue.
For a fasting growing business offering a range of flexible payment options is becoming a greater requirement. Using an integrated payment solution that includes multiple payment gateways and currencies will allow customers to pay via their preferred method.
For businesses considering new business models and revenue streams, using an integrated billing and payment system will consolidate all activities, ensuring timely payments, correct recognised revenue, and deliver a seamless customer experience.