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Business owners have an unending list of things to think about and act upon, and one of the most important considerations is how they are going to get paid. They want to know how they can make it easier for their customers to quickly, almost without thinking, buy their goods and services. The #1 answer to this query is integrated payment processing. 

If you happen to be a business owner looking for help with payment processing, you’ve come to the right place because that’s exactly what we offer here at PayHawk: integrated payment solutions. In this guide, we’ll explore 10 reasons why businesses should be utilizing this technology, and how it helps improve efficiency and even increase profits! So let’s get started…

What is Integrated Payment Processing?

Integrated payment processing is an invaluable asset for any business – after all, it is the only way you can accept credit and debit card payments! In an establishment that offers a physical storefront, it takes the form of a payment processing machine through which your customers will swipe their cards when buying something from you. The machine sends data through the payment processor when the payment is made and checks with your customers’ banks and creditors to be sure the funds are there before they walk off with your goods. Integrated payment solutions are also available in the virtual world, as the means for e-commerce sites and businesses to accept online purchases. 

It’s pretty simple, really: an integrated payment processing system automates the transaction process. It will automatically mark your invoices as paid, send the transaction data to your accounts receivable and general ledger, and more.

Process with PayHawk.

PayHawk can save you thousands of dollars per year with our low-fee approach to payment processing.

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Ready or Not! Here are the 10 Reasons Why You Need It

Let’s get right down to the very purpose of our article: the many reasons why you cannot do without the benefits of integrated payment processing any longer.

1. The Right Payment Processor Could Save You Money

The number one reason why all businesses today need integrated payment solutions is that it maximizes profit potential. That is every business owner in the world’s main concern, right? So how do you do that with an integrated payment system? You check around. You request a free statement analysis from those who offer it. In fact, WE offer this! If you fill this form out here, you can find out how much you’d start saving by switching to PayHawk.

2. You Could Easily Go Out of Business Without It

Another obvious one, is that since credit and debit cards are the main form of payment anymore, integrated payment processing is the technology business owners simply can’t do without. With it, you can offer your customers an easy and secure way to pay for your products and services while keeping your business running smoothly and successfully. 

3. It Ensures Payment Security 

An integrated payment system securely stores all your company’s financial information, including customer credit card numbers, in a secure, encrypted form. It is designed with a layered approach that starts at the merchant level and filters out any suspicious or unauthorized financial activities. It also uses advanced fraud detection tools such as tokenization and other technologies to identify any fraudulent attempts or suspicious activity before they can cause damage or losses.

4. You Can Accept a Variety of Payment Methods 

Payment processors allow customers to pay quickly and conveniently using different forms of payment, whether it’s a credit or debit card, Apple or Google Pay – even contactless payments. And with PayHawk, you’d have payment processing rates that are often lower than what you’d spend on traditional processing fees. Not only will your customers be delighted to see you can accommodate their needs, but nowadays, customers expect businesses to offer this.

5. It Centralizes Business Processes

By utilizing payment processing technology you’ll be able to keep track of all transactions in one place with complete accuracy. All payments can get quickly and securely processed and customers can get updated with real-time notifications. This eliminates the extra work of chasing down payments and creates a frictionless customer experience that builds trust and communication between the business owner and their customers.

6. Simplifies the Accounting Process

With such a system in place, customer payments are automatically entered into the accounting software upon completion and recorded accurately with no manual work required from you or your staff. This makes it much simpler to track accounts receivable and reconcile them at the end of each month, eliminating potential errors and saving you time. 

7. You’re Always Up-To-Date with the Latest Trends

Integrated payment processing systems are continuously updated with the most advanced features and technologies. This is beneficial for any company owner since they no longer have to worry about their payment processing technology becoming outdated or compromised. Payment processing solutions enable businesses to handle payments quickly with minimal risk and cost and keep up with rapidly evolving consumer trends.

8. You Can Access Real-Time Reports 

With a single portal, merchants can manage their transactions, view customer data and track sales trends, making it easier than ever to make informed decisions regarding their businesses. With access to real-time reports, they can also immediately identify and take action on shifts in customer preferences and buying habits as they happen. This helps business owners capture new opportunities faster than ever before, helping them remain competitive and stay one step ahead of the competition.

9. The System is Customizable

Integrated payment systems are highly customizable and can be tailored to suit the specific needs of any type of business. Depending on which system you choose, you can select from a range of features such as automated invoicing, data encryption for secure transactions, digital record keeping for payments, and even currency exchange capabilities. You can also customize features like discounts or promotions to reward loyal customers and encourage repeat purchases. 

10. You Can Accept Payments from Anywhere in the World 

As long as your customers have an internet connection – and you have an integrated payment system – they could be sitting inside the Sphinx of Egypt when placing their order with you. All it takes is setting up an account with us and connecting it to your website or app. You will then be able to accept and process payments from any location in the world, making it convenient and efficient for customers everywhere.

Fast, Secure, Reliable – PayHawk!

When it comes time for choosing a payment processor, go with PayHawk. We offer an unparalleled integrated payment system that helps boost businesses’ reputation and profit margins. We have the perfect tool for businesses who want access to an easy-to-use platform without sacrificing the power of sophisticated automation capabilities. 

Streamline accounting processes and reduce manual data entry by automating the process of accepting customer cards with PayHawk. Contact us today with any questions or to request a free statement analysis.

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