Collecting outstanding payments for big ticket orders can be time-consuming for the retailer and inconvenient for the customer. Our new payments product, BalancePay, is a simple and secure way to streamline order payment completions.
What is BalancePay?
BalancePay is a payments product that works within your retail system to automate manual tasks in the customer payment journey. It is designed to reduce errors, admin and friction when collecting order balances.
We are pleased to announce that BalancePay is now available with both SwanFRS (Furniture Retail System) and SRS (Swan Retail System).
How does BalancePay work?
Once your customer has made a purchase with an outstanding balance and payment is due, the following will happen:
- Create and share a link
Easily generate a link from your back office. This is automatically shared via email to the customer requesting payment of all or part of the balance. - Customer makes payment
The customer opens the link on their preferred device and is guided through the secure payment process. - Funds received
The payment is recorded in your back office and the order is updated to reflect this. Funds are deposited into your bank account.
Better for you & your customers
Contact customers in a more convenient way for them and reduce unanswered calls, time consuming call chasing and outstanding balances.
Ultimately, BalancePay helps you receive your payments quicker and speed up your time to delivery.
Benefits for you:
- Reduced unanswered calls, call chasing and other admin
- Payment webpage is branded as your store to reduce friction and increase trust
- Eliminates the risk of human error in payment entry
- Secure process from a PCI DSS Level 1 compliant provider removes the risk of reputational damage
- No input required from your team to process the payment
- Creates a single source of truth for all your customer data
- High probability of increasing speed of payment
Benefits for your customers:
- Quick and convenient for your customers to pay at a time that suits them
- Improved digital journey and customer experience
- Safe, secure link via a trusted URL
- All payment details entered on one page to reduce steps
- High probability of speeding up time to delivery
Interested?
Contact our team to find out more and get started.
Or, learn more about our integrated payments.
