Quickbooks Payment link on Statements

Is it possible to have the payment link on statements as it is on invoices emailed to customer?

Yes, businesses using a desktop or self-hosted version of Quickbooks Enterprise and other versions can use the custom text field in the template set up to create a link. Customers click from the statement to a self-service portal to pay all invoices. This is not available with Intuit Merchant Services, but is supported with our third party module. The link from the invoice is to pay the specific invoice, no login required.

Are you tired of following up on late or past due receivables? Does it take weeks and months to get paid? Do your customers ‘lose invoices’? Do you want to qualify for low level III interchange rates for purchasing cards? Boost cash flow, efficiency and profits virtually overnight with the best alternative to Intuit merchant services for Quickbooks. Compatible with QuickBooks 2015 and 2016 Pro, Plus, Enterprise versions. (Not Quickbooks online.)

Adding a Pay Now Button Link To Quickbooks Statements

  1. Non-Intuit merchant account required to accept credit cards. Christine Speedy will help you with a wholesale account if you don’t already have one.
  2. Sign up for a CenPOS account with Christine Speedy.
  3. Install the supplied module.

Benefits

  • Send invoices the way your customers want- text or email
  • Automated reminder collections built-in
  • Quickbooks updated automatically when customers pay
  • ACH, wire, and Paypal, also supported
  • 3-D Secure supported to shift card not present fraud liability to issuer
  • For retail, full cashiering supported for 100% financial transparency.
  • EMV chip and pin, chip and signature supported
  • Smart rate selector reduces merchant fees

It’s quick and easy to get started with our Quickbooks credit card processing module so employees can get right to work without disruption.

Note: This article was accurate at the time written. Solutions are continually updated. Contact us for the latest facts.

Christine Speedy, CenPOS authorized reseller, 954-942-0483. CenPOS is a merchant-centric, end-to-end payments engine that drives enterprise-class solutions for businesses, saving them time and money, while improving their customer engagement. CenPOS secure, cloud-based solution optimizes acceptance for all payment types across multiple channels without disrupting the merchant’s banking relationships.

Visa and Viewpost to Accelerate Electronic Bill Payments for U.S. Businesses

Partnership to Simplify B2B Payments with Visa Virtual Credit Cards

SAN FRANCISCO & ORLANDO, Fla.–(BUSINESS WIRE)–Mar. 28, 2017– Visa Inc. (NYSE:V) and Viewpost®, a secure B2B network for electronic invoicing, payments and real-time cash management, today announced an exclusive partnership to bring electronic business payments to Viewpost’s small to medium-sized business clients (SMBs). By using Visa virtual commercial cards through their participating financial institutions, SMBs will increase automation, convenience and security for their B2B transactions.

Viewpost’s SMB customers will be able to benefit from Viewpost electronic payment capabilities and the use of a secure, one-time Visa virtual account number. When a virtual card payment is made through Viewpost, the supplier will receive a one-time virtual account number for posting funds to its merchant account. Viewpost will then deliver data-rich remittance information to both businesses, such as, paid invoices, the amount paid and the due date. If a supplier does not accept virtual commercial card payments, an invitation can be extended through a proprietary automation method, which makes enrollment quick and simple.

“Providing access to simple, secure working capital solutions for SMBs is a critically-important focus for our business,” said Vicky Bindra, global head of products & solutions at Visa Inc. “Our collaboration with Viewpost gives SMBs comprehensive financial management tools in a single portal – right where they bank. We are thrilled to partner with Viewpost and make our customers’ lives easier by significantly reducing time, cost and friction around payment, so they can focus on what is most important – managing and growing their businesses.”

As a trusted, open B2B network available to businesses of all sizes, Viewpost gives financial institutions the tools that enable SMBs to connect and exchange electronic invoices and payments, share transaction data and access working capital on demand with unprecedented ease and visibility. Visa’s partnership with Viewpost will help financial institutions in the U.S. bring to market a fully integrated and optimized SMB finance management solution that seamlessly integrates with their online banking site.

“We’re excited to partner with a renowned brand and payments technology leader like Visa,” said Max Eliscu, CEO at Viewpost. “This partnership accelerates our ability to address costly pain points in the multi-trillion-dollar B2B payments ecosystem1 while also, and perhaps most importantly, bringing flexibility, cost savings and simplicity of payment to the massive and underserved small business marketplace.”

“According to our 2016 Small Business Payments and Banking Survey, over two thirds of respondents indicated they preferred to pay bills through online banking tools, rather than a supplier’s website,” said Ken Paterson, vice president of research operations, Mercator Advisory Group. “The Visa/Viewpost partnership promises to offer a seamless integration for banks who are looking to enable their customers to have one centralized destination for all of their corporate payment needs.”

About Visa Inc.

Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead of time with prepaid or pay later with credit products.

About Viewpost

Viewpost North America is revolutionizing the way businesses transact with each other. Viewpost built the most trusted open business network to empower businesses of all sizes with real-time cash management for anytime operating decisions. On the secure Viewpost network, companies connect and exchange electronic invoices and payments with unprecedented ease and visibility, accessing working capital on demand. Enterprise clients are using Viewpost to cut costs, increase efficiency and improve cash management, including Accenture, Florida Hospital Medical Center, Georgetown University, the Orlando Magic and Whole Foods Market. With enterprise-grade security, including ISO 27001 and SSAE16 audited certifications and the TRUSTe Privacy Seal and Skyhigh CloudTrust Enterprise-Ready Rating, Viewpost is partnering with financial institutions to bring cash management tools to business customers at U.S. Bank, Bank of America and Fifth Third Bank. Viewpost innovation has been awarded Best in Show by Barlow Research, Best CISO/CSO by FireEye Cyber Defense Summit, CSO50 Award (four-time honoree) by IDG’s CSO, and Best B2B Payments Platform by Tradestreaming. Since Viewpost was opened to the public in early 2015, the total invoices presented and payments processed has reached $71.4 billion across the network. Founded in 2011, Viewpost is headquartered in the Orlando area with additional teams in Boston, Minneapolis and San Francisco.

1 Source: Accenture, https://www.accenture.com/us-en/~/media/Accenture/Conversion-Assets/DotCom/Documents/Global/PDF/Industries_5/Accenture-FS-Payment-Services-Corporate-Payments-PoV.pdf

Source: Visa Inc.

EBPP Improves Dealer Marketshare

Enhancing your customer experience involves many factors, and what happens when it’s time to pay is one of them, whether it’s online, in store or over the phone. The automotive and trucking industries have made significant investments to improve and measure their customer experiences, but failure to change payment technology creates differentiation for consumer choice. Electronic Bill Presentment and Payment, EBPP or EIPP, can create a more pleasant and secure consumer experience and can win dealers more marketshare.

eipp payment request

Body of email containing prefilled payment info, and link to securely pay online.

Let’s explore some examples. A dealer recently installed EMV chip card terminals. When a commercial account calls to order parts here are possible scenarios and repercussions:

  • The card number is key entered on the EMV chip terminal. Since the transaction is RETAIL, and the transaction was not swipe or chip, the dealer has no recourse if it’s fraud. Additionally, it will downgrade to the worst interchange rate, possibly doubling the cost to process the transaction. Some customers don’t like to spend the time going through the phone process, so the last touch with them is less than stellar.
  • The card number is key entered on a separate virtual terminal. If the transaction is MOTO, dependent upon merchant account configuration, the dealer has some fraud protection. Some customers don’t like to spend the time going through the phone process, so the last touch with them is less than stellar.
  • The customer gets a text message, or email, with a click to pay option. This is ideal because the customer is now in control of how and where they want to pay. Additional automated fraud controls like 3-D Secure Verified by Visa (VbyV) can be used. VbyV can mitigate risk, shifting fraud liability to the issuer, and sometimes also reduces the qualified interchange rate, depending on the card type.

If customers have multiple dealers to choose from, which will they go to? Millennial research shows they’ll switch for a better experience, and for them, that includes non-face-to-face interaction. Any dealer that wants to maximize customer satisfaction, and profits, must address the growing millennial demographic; they prefer to minimize personal interaction and use more digital technology as part of their purchasing experience. According to a Board of Governors of the Federal Reserve System March 2016 report, purchasing an item on their phone (42%) was one of the top three common mobile payment activities among mobile payments users with smartphones.

Christine Speedy is an authorized reseller of CenPOS, creating efficiencies through payment innovation. The CenPOS EBPP solution is available both integrated to ERP and other software, as well as standalone via a web browser.

Dynamics AX Customer Payment File Import

To apply payments received from customers to matching invoices is easy with our Microsoft Dynamics AX 2012 payment processing module, no customization required. Automating payment processing, including journal entries, is essential to maximizing efficiency and accuracy. Other solutions usually only address part of the payment acceptance cycle; now with one module, revenue from all sales channels are processed and matched to your invoices.

PAYMENT TYPES: Accept cash, credit card, wire, Paypal, ACH, Remote Deposit Capture.

SALES CHANNELS: Ecommerce, Retail (US and Canada EMV), Electronic Bill Presentment and Payment (EBPP or EIPP), Lockbox and others.

While using a lockbox service is an option, is it necessary? With integrated EBPP, your clients can view and pay multiple invoices electronically with your preferred payment methods. A key to EBPP adoption is reducing friction, and with the capability for recurring customers to pay via text or email in just 2 clicks is powerful enough to drive high adoption and fast payments almost immediately. If you do receive payments in the mail, Remote Deposit Capture and batch upload capability are available.

Collections are automated on your schedule; many solutions are limited in this respect, increasing DSO due to “first of month” statement delivery or other limitations. For those customers that run into credit issues, users can set up an automated collections schedule- any amount, any dates.

Looking for Dynamics AX solutions to improve your accounts receivable and overall treasury management? Contact us today.

 

 

Can I use CenPOS gateway for Quickbooks electronic invoicing EIPP alternative?

Businesses can use the CenPOS Quickbooks integration for einvoicing and payment from text or email. The CenPOS electronic bill presentment and payment, or EBPP, also known as electronic invoice presentment and payment, or EIPP, will improve your customer experience and boost cash flow, as an alternative to the Intuit PaymentNetwork.

cenpos eipp electronic invoice presentment and payment

CenPOS EIPP screenshot of email body

Intuit PaymentNetwork is an electronic invoicing and payment service to accept credit cards, debit cards and ACH payments. CenPOS is a univeral payment processing network that streamlines the payment experience for merchants and customers through all sales channels, and multiple payment types. The CenPOS Quickbooks plugin is easy to use increases profits and cashflow vs Intuit einvoicing solution.

CenPOS vs Quickbooks Intuit EIPP Core Differences:

EIPP Quickbooks Intuit vs CenPOS reviewSome specific advantages:

  • Easier for customers to buy- proven to reduce DS, and increase satisfaction
  • Easier for customers to buy- proven to increase business to business sales
  • Agnostic to financial partners- non-disruptive if you change them
  • Does not create a new customer if the cardholder name does not match the name on the invoice (big complaint for Quickbooks users)

When comparing CenPOS vs Intuit’s Quickbooks EIPP solutions, CenPOS is a far more robust and powerful solution to maximize profits. Contact us for the free plugin and CenPOS services.