Boost Business Growth using Integrated Payments System

Business Success metrics are impacted by several factors and Integrated Payment System is one of the key factors with the surge in use of digital payment modes. Improving business efficiency involves numerous impactful elements, functioning smoothly and in tandem with each other. An Integrated Payments System (Payment Gateway) is a one-stop solution to streamline business processes and operation. A seamlessly connected Payment System can improve productivity, achieve increased customer satisfaction, and especially save time and workforce contributing immensely to business efficiency.

As more and more businesses make the shift to digital payments, it is of vital importance to adapt new technologies to keep pace with the innovations. According to Marketresearch.com, the Payment Gateway market in India was valued at INR 73 billion in 2021 and is expected to chart 20.11% CAGR between 2022-27. Automated business operation is the clear way forward to elevating business efficiency.

What is an Integrated Payments System?

An Integrated Payments System supports accounting processes within the software to help businesses with tracking accounts efficiently by automating payment acceptance. This enables businesses to collect receipts to record everyday transactions, which otherwise requires countless hours of manual intervention for data entry of bills. The automated system aids in quick reconciliation of data and eliminates manual errors. Here are 4 benefits of using Integrated Payments System (Payment Gateway).

Generates Comprehensive Transaction Reports

Integrated Payments System i.e., Payment Gateway generates comprehensive reports within mere minutes. Pay10 offers secure and reliable Payment Gateway that generates comprehensive Transaction Reports for any chosen time period that encapsulate Captured Sales, Refunds, and Settlements with a single-click.

A comprehensive payment report is instrumental to identifying patterns and analyzing customer behavior. Payment Gateway is more than just a tool to accept payments, it also creates a conducive environment for informed business decisions leading to growth and progress.

Provides World Class Security Features

As we look ahead towards an increasingly digitalized future, cash transactions are becoming obsolete. The diverse digital payment modes require enhanced security for the customer’s payment information such as credit card details, VPA, etc. Pay10 Payment Gateway is a PCI-DSS Level 1 Service Provider that ensures complete security for customer’s payment information. Our cloud-based system offers unparalleled data security with robust risk and fraud management system.

Ensuring the best security features for Payment Gateway is a cost and resource intensive undertaking for a merchant. While hiring an accredited Integrated Payments System which is built to provide complete security in compliance with the government regulations is advantageous for the merchant and their customers.

Offers End-to-End Automation

Payment Acceptance is only the beginning of the digital payment journey as a merchant. Refund, reconciliation, settlements are all a part of the same system. Integrated Payments System offers end-to-end automation solution for all digital payment needs. Pay10 Payment Gateway offers easy settlement process with hassle-free handling of refunds and reconciliation.

Manually cross-checking data with the ERP (Enterprise Resource Planning) is time consuming. The analytical dashboard of Integrated Payments System tracks the complete Customer Payment Journey where the merchant can instantly track a payment using the transaction reference numbers. Customers value simple and straightforward settlement processes. The right Payment Gateway ensures increased customer satisfaction and hassle-free settlement processing for the merchant.

Merchant Friendly User Interface

The protracted practice of cross verification of Payment transaction details has been obsolete with the introduction of digital payments. Pay10 Payment Gateway offers an analytical dashboard that is merchant friendly with all the right statistics listed with necessary filters. Also, the user-friendly Payment Gateway dashboard makes it quick and easy to search for any specific transaction or bulk transactions within a given time period.

The rise of digital payments in the country necessitates businesses to have competent systems in place to accept and process digital payments. Integrated Payment System i.e., Payment Gateway offers end-to-end automated solution for all the payment requirements. Pay10 Payment Gateway unifies several payment options like credit/debit card, net banking, UPI (Unified Payments Interface), wallets, Payment Links, and more and provides merchants with access to a fully analytical dashboard and top-of-the-line security features.

Frequently Asked Questions

  • 1. What is Integrated Payments System?
    • An Integrated Payments System supports accounting processes within the software to help businesses with tracking accounts efficiently by automating payment acceptance.
  • 2. How does an Integrated Payments System benefit your Business?
    • Integrated Payments System enables businesses to collect receipts to record everyday transactions, which otherwise requires countless hours of manual intervention for data entry of bills.
  • 3. What are the 4 major benefits of using an Integrated Payments System?
    • Generates Comprehensive Transaction Reports
    • Provides World Class Security Features
    • Offers End-to-End Automation
    • Merchant Friendly User Interface

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