No. Bizpayo complements your accounting system to integrate and record current payment data of your customers and/or vendors, while simplifying your account reconcilement and reducing your accounts receivables.
BizPayO allows you to recover 3rd party processing fees by presenting a unique e-payment page to your customers which encourages rapid payments to you. If you already accept electronic payments, BizPayO allows you to recover the 3rd party fees. This technology allows you to control the amount of fees you want to recover by setting either a surcharge or convenience fee for charge card payments.
Yes, it is very secure. BizPayO Payment Portal is hosted on an encrypted server by a 256 bit secure SSL (Secure Socket Layer) certificate. When someone goes to the payment area, they are immediately directed to the https version of the site. This ensures that all communication will go through the Secure Socket Layer and therefore all communication is encrypted as it passes through the internet. BizPayO Payment Portal is not storing any of the financial data.
BizPayO (Business Payments Online) is designed for service businesses who want to accept electronic payments but don’t want to absorb all the processing fees themselves. It allows you to recover 3rd party processing fees when accepting electronic payments (charge card and eCheck). If BizPayO is used correctly, it should cost you little to nothing to accept electronic payments. This can translate into thousands or tens of dollars in annual savings.