What’s the difference between a complete payment solution and a simple, low-level connector? Surely the availability of advanced payment gateway features is what separates a solution from a basic tool. All a gateway really has to do is process transactions, but an enterprise-scale payment system must involve more than that.
Our payment gateway offers a number of high-level features you can’t find together anywhere else.
Payment Transactions Processing
Features that involve the processing of credit cards, echecks as well as processing settings and the handling of returns include:
- real-time processing for credit cards and echecks
- support for handling ACH returns and chargebacks
- batch processing for bill payments and recurring batch payments
- merchant on-boarding and processing configuration
- automatic decline recovery, including card account updater
- virtual terminal for use in conjunction with interface tools
Remittance and Residual Revenue Processing
Features related to merchant statements, merchant fees and the calculation of and sharing of residuals with partners and resellers include:
- support for a large number of different merchant fee structures
- automatic generation of merchant statements
- availability of multiple tier and multiple reseller commission structures and revenue sharing
- automatic merchant and reseller funding by ACH
- management interface tools for reviewing, approving and adjusting merchant and reseller statements
Subscription Management and Recurring Billing
Features that involve recurring payments and the tools needed for original party and third-party collections include:
- management of customer subscriptions and schedules through a powerful API with SDK
- adaptable recurring billing engine that supports annual, quarterly, monthly and weekly schedules
- uncommitted and committed agreements support
- skip tracing and credit bureau reporting
- balance aging and automated application of late fees, decline fees and similar penalties
- letter and email notifications
- brandable self-service online payments portal for your customers’ convenience
These payment gateway features and the others we haven’t mentioned make our complete, enterprise-ready payment gateway software unmatched in our industry. If your organization needs a feature-rich payment gateway, we’re certain our open-source solution is your best choice. May we convince you?
Please get in touch to schedule a demo. We’ll explain in detail the features that matter most to you.