Complete error-free sales and accounting reporting. Faster recording of data from multiple payment sources. Hassle-free account reconciliations. These are the solutions that retailers crave every day. And here’s the good news: you can achieve all that with the help of integrated payments. Integrated What? Okay, let’s define it – what exactly are integrated payments? In brick-and-mortar stores, integrated payments is the system you implement to align your POS system with your Payment Processor or accounting software so that data seamlessly flows from the former to the latter. When implemented correctly, connecting your POS with your payments solution can offer…
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Accepting credit card payments only gets more complicated when managing a multi-location dealership – even more so when each location has different departments. Using a system that encompasses all your needs to manage the complexities of a multi-location business will minimize time spent preparing reports and give you greater oversight across your dealership. With our Virtual Terminal, you can access every department and location’s activity from anywhere, in real time, so you never miss a beat. Track Department Sales Instead of manually filing, tallying and storing paper receipts, use a Virtual Terminal to automate this process. Whether all sales go…
As a controller, you wear a lot of hats with the running goal of maintaining visibility over your dealership. Gathering receipts, verifying sales and preparing reports takes precious time out of your day. Over a month, that work could potentially total 18 hours of your time. With a Virtual Terminal, you could save that time (and more) while increasing visibility over your dealership’s many moving parts. A Virtual Terminal is a software service that connects with your payment terminal to digitally record all sales information. Quick, Centralized Access As a controller, you want to have a constant pulse on…
Payment Processors are the technical glue in the transmission of credit card transactions. They maintain the computer network between Merchant Account Providers and the banks, and facilitate communication between these providers. Despite being a blanket term for all parties involved in payments, Payment Processors are actually one of many providers supplying a unique service in the payment process. Payment Processors’ Contribution to the Payment Process It’s important to note that processors do not directly work or interact with businesses during the payment process. They are true “middlemen” and are chosen by Merchant Service Providers’ banks. Let’s breakdown where…
Let’s set the stage for a typical day at your dealership. Your customers drop off their cars at your bustling service department and head out to lunch while repairs are made. A technician notices an issue and calls the customer for permission to move forward with the repair. An over-the-phone payment is made to authorize the transaction before the work is done and the customer comes by later that afternoon to pick up the car. This is likely par for the course at your dealership, but this approach to obtaining payment is full of landmines. Card-not-present transactions, such as…