One-Stop Shop for Recurring Billing and Merchant Accounts Provides Ease-of-Use while Minimizing Operational Costs
SAN MATEO, Calif. – October 18, 2017 —Qualpay, a leading provider of integrated omnichannel payment solutions, today announced the release of Recurring Billing with Account Updater features to its payments processing platform. To support the shift to subscription-based business models, Qualpay's Recurring Billing allows merchants to deploy customized billing plans, automate cardholder updates, simplify pricing management, improve data security and provide easy payment tracking. Account Updater, a feature of Qualpay's Recurring Billing, helps merchants improve relationships with subscribers by automatically updating customer payment information provided by card issuers.
Historically, businesses took a multi-vendor approach for payment processing, working with one vendor for a merchant account, one vendor for the payment gateway and one vendor for each method of processing payments for a business, such as recurring billing. As a result, a business will pay multiple vendor fees and spend time and money reconciling data between disparate systems. Regardless if the user is a merchant, ISV or developer, Qualpay's platform integrates a Merchant Account with Payment Gateway and Recurring Billing capabilities all in one place, delivering operational efficiencies, reducing complexity, simplifying how transactions are tracked and saving on cost and time.
As an integrated payments platform company, Qualpay works in partnership with their customers to package an offering that addresses specific payment needs and ensures customer and cardholder data is stored securely. The Recurring Billing feature will support setting up customers for recurring, installment or subscription payments by creating a plan and assigning a customer to that plan. On selected billing dates, Qualpay will automatically charge customers on that plan and report the results of the transactions. If each of your customers has a unique billing scenario, you can create unique per customer subscriptions without a plan. The Account Updater feature will eliminate multiple customer touch points by automatically ensuring card data is kept fresh and up-to-date.
"We are always striving to improve on the customer's experience by providing a seamless and simple way to manage payments. In order to address the needs of today's consumer, merchants are continuing to spend time and money to add capabilities on top of legacy payment systems," said Craig Gass, CEO of Qualpay. "We want to simplify payments for our customers and partners by taking an integrated platform approach that tracks fees and reconciles each transaction from sale to deposit in a single report. By using our integrated payments platform to manage all payments, merchants can focus on other aspects of their business."
Qualpay Recurring Billing and Account Updater are currently available to the public; the product was previously in beta testing with existing customers. Qualpay Recurring Billing can be setup and managed through Qualpay Manager, or through an API in the Qualpay Developer Portal. For more information on Qualpay, please visit: www.qualpay.com
The new Invoicing product will support businesses in setting up invoicing plans for their customers, while also delivering powerful and simple reporting. In Qualpay's Invoicing dashboard, businesses can view the amount paid and outstanding amounts for invoices pertaining to the current month, see bounced email notifications and customize their invoice template.
Qualpay is a leading provider of integrated, omnichannel payment solutions. The company's cloud-based payments platform enables businesses to modernize strategically through the use of reporting intelligence to streamline the payment process. Qualpay addresses and resolves the payment challenges businesses face and ensures a stronger, more robust infrastructure for the merchant, developer and partner. Simply, Qualpay enables a better way to manage payments. For more information on how Qualpay is reinventing a new era of payment processing, visit www.qualpay.com.