Fire up your favorite search engine and enter “Payment Processing Company.” Google will often return “About 1,000,000,000 results” — in less than one second! No kidding; just try it. The options can be overwhelming. So, how do you find the right payment processing company for your business? The easy answer is to simply click on companies listed atop the search engine results and select the one offering the “best deal.” That route, however, could have a devastating effect on your business. The correct answer is to do your due diligence.
Before beginning your search for a new payment processing partner, it is imperative that you define the needs of your business. Defining your needs sets the baseline requirements for your processing partner. In order to develop a strong partner relationship, and in order to give your business its best chance to flourish, it is imperative that your payment partner meets all of your needs.
Simply put, Payscout is a “Payment Platform Built to Make You More Money.” Our omnichannel solutions allow partners to process more payments, expand acceptance channels, and accept multiple payment methods, doing so in an efficient and secure environment. Payscout allows our partners to cut costs and increase revenue through:
Let’s face it. You have customers that always seem “unresponsive,” regardless of how many times you reach out. Many collection agencies believe the only way to increase customer responsiveness is to increase the number of agent-customer interactions. That is simply false.
Before partnering with Payscout, our client saw their monthly payment processing costs average around 2.5% of processing volume. Following the successful implementation of the 360° Fee-Free Payments program, their monthly processing costs dropped nearly 75%, when applied to all eligible payments.
Do you offer first party billing services as an EBO or BPO to your collection clients to assist them with their early receivables prior to assignment for collection? If so, our new First Party Biller Platform is the ideal payment acceptance option to attach to those services.