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.
Lack of easy and flexible payment options and late customer payments can sink a business. Cash Flow Optimization allows you to reduce your account receivables balances and put an end to customers that “pay slow”. Free up more working capital to pay bills, employees and grow your business to the next level. Try our quiz to see if you could benefit.
No. Cash provokes profits, receivables inspire insolvency. It's unwise to let accounts receivable grow. When a business lets this happen, it can lead to unnecessary costs and cash crunches. This pressure leads to poor financial decisions often forcing businesses to dissolve. Try our calculator to see how much it costs you.
If used properly, the credit card processing fee shown below will be recovered using the BizPayO technology.
Credit Card = 2.99% (able to charge a convenience fee or surcharge to recover costs)
ACH/eCheck = .89%
There is no monthly fee for our free plan only charges for the processing fees per the above--which our platform allows you to recover. Our paid plans offers the added ability to automatically sync to QuickBooks, add multiple users and get cash back for a higher volume of transactions.
Yes. It will take you about 4-5 minutes to complete the electronic application. We will then confirm receipt and remain in touch during the underwriting process, which typically takes 3 business days. Once that is complete we will provide you with access credentials and training so you can easily set it up correctly. To begin the application process, please click here.
The moment a customer pays you, you will be notified via email. Funds from that payment will hit your account within payment industry guidelines, approximately 2 days for charge card, 3 days for eCheck.
So you no longer have to absorb all the 3rd party processing fees that you are paying to your charge card processing company now. This can translate into thousands or tens of dollars in annual savings. BizPayO provides the technology that allows you to recover these fees by setting either a surcharge or convenience fee for charge card payments. BizPayO works best when used in conjunction with accepting eCheck on the same e-payment page as charge card.