Agile Payments Blog

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Payment Gateway Integration Web Service

SAAS platforms and developers tend to make a decision on a payment gateway integration partner[s] without considering the potential for the partner to actually help grow their business.

Typically, thinking about Payment Gateway Integration Web Services consists of:

  • Educating end customers about gateway options
  • Handing off customers and hoping for the best
  • Simply integrating with the most familiar option

A strategic decision is often NOT made despite a business’s client base being arguably their greatest asset. 

PGI-ACH

Issues with support and funding, data hostaging, confusion payment gateways versus merchant accounts, etc. can leave clients frustrated [specifically ACH Processing for recurring payments]. Along with lack of payment options, and issues reducing credit card decline rates, your hard-earned clients may end up exploring alternative options to your solution.

Payment Gateway Partners DRIVE GROWTH STRATEGY by:

  • Helping to negotiate great deals for your users, and create goodwill by saving users money on processing fees.
  • Offering a Revenue share model: Your payment gateway integration api provider [especially if they can also set up merchant accounts] should offer you a transaction revenue share model. If every client you have now generates an additional income stream you have a much more profitable company. This means better service and more payment options for your clients.
  • Offering payment options via ACH Integration. Especially for recurring payments multiple payment options with cost savings are a competitive differentiator.
  • Ensuring a payment gateway partner provides a simple process for onboarding and continued support. A happy customer is a business’s best referral generation strategy.
  • Improving client retention rates: Delivering value beyond expectations means more loyal clients, meaning an increased ability to cross sell, upsell and leverage possible referrals
  • Adding value for your users: There is a huge gap or disconnect that your gateway partner can possibly help with. If your service or product also offers a recurring billing solution you have an opportunity to help your end users [and you] generate more value.

Make sure to give careful thought to your gateway partner. It can without question become a growth catalyst for your business.

For more information visit Agilepayments.com

 

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