In our last post, we reviewed three integrated payment services that software providers can deploy to differentiate their offering in the marketplace.
In addition to tokenization, integrated terminals and global payment connections, software platforms integrated with Constellation Payments can add these solutions to their offering to strengthen their competitive edge.
Convenience Fee Logic
Part of Constellation Payments’ platform functionality includes the ability for our Channel Partners to deploy convenience fee logic within their software. This functionality is particularly attractive for government and education institutions that can apply convenience fees in both card present and card not present environments.
Through this logic, software users have great flexibility and control in setting, managing and calculating convenience fees in order to offset costs for the business or institution.
Users can charge a fixed dollar amount across four different tiers, charge a fixed percentage across four different tiers, or add a flexible rate based on the actual cost of the transaction by card type.
Software companies looking for a recurring billing solution with account management can leverage our proprietary billing and servicing platform through our API. This solution includes automated processing and reprocessing of scheduled recurring payments to lower delinquency, reduce attrition and risk, and accelerate payment turnaround.
To optimize recurring revenue, companies can choose to use our delinquency management support system to collect even more payments.
Hosted Payment Page
Do your customers need to take one-time or recurring payments online? Our hosted payment pages can be created as part of your software and used at every point where someone can make a payment or enter payment card details.
Constellation Payments approves or declines the transaction and sends the information back to the software – without passing any credit card info through the point of sale software.
Having a hosted payment page helps take you and your merchant out of PCI scope while providing tight data security through Constellation Payments Level One PCI-compliant infrastructure.
Looking to increase revenue capture for your software customers while saving them time and improving payment collection? We support the Account Updater service.
This behind-the-scenes payment processing utility applies changes to the customer’s account if any updates, such as a new expiration date, have occurred.
The updated information can then be used during the next billing cycle. Ultimately, these updates alleviate inconvenience experienced by customers, decrease past-due customer balances, and improve collection rates and revenue for your software customers.
What’s Your Software’s Competitive Advantage?
Deploying a robust set of software-integrated payment capabilities is one sure way to stand out in the marketplace – especially as the world of payments continually evolves and consumers come to expect multi-payment options.
Don’t get left behind. Give us a call or send an email. We’re happy to review your options and business as a whole – and recommend what’s best for your software business.