Competition is fierce no matter the industry you work in. There are countless companies fighting hard to earn the business of your potential and current customers. You need to take measure to distinguish your business in order to stand out from your rivals. Unless you have an unlimited advertising and marketing budget, this is easier said than done. The good news is there is a simple, affordable, and effective way to accomplish this feat. The use of innovative payment technology is the answer that you have been searching for.
Business owners need to make it convenient for customers to pay for goods and services. This goes well beyond the acceptance of credit and debit card payments. Consumers no longer consider that a convenience. They have grown to expect it. So how can your business stand out in this area? You need to provide people with new ways to pay by credit and debit cards. That is exactly how innovative payment technology will help you grow your business.
Innovative Payment Technology Systems
The following innovative payment technology systems will help you stand out from the competition. Payment Savvy has the ability to easily and fully integrate each one of them into your current business platforms. Your organization can utilize them individually, or as a package.
Interactive Voice Response (IVR) Payment Technology
Interactive Voice Response, or IVR for short, is the payment technology that provides your customers with the option to pay by phone without the need to speak another person. Consumers dial a number, and then receive prompts and responses from the computer when they press telephone keys on the phone’s keypad. IVR technology is also capable of recognizing speech. This feature enables the system to respond to voice commands. The system handles both inbound payments and outbound notification messages. Consumers appreciate the convenience of IVR because they can make payment at any time of the day or night that they choose. The system is operational 24/7/365. Most small to mid size companies do not utilize IVR, making it a perfect tool to help grow your business.
Pay By Text Payment Technology
Another way to make it convenient and easy for your customers to pay for goods and services is through the use of pay by text technology. This method provides consumers with an option to pay by credit card, debit card, or an ACH account by simply sending a text message from their smartphones. Customers will need to opt into the program and initially set up an account that is stored in their user file. The account is accessed by texting a specific word to a specific number every time they make a payment to you.
Payment Savvy specializes in providing companies of all types and sizes with the best payment processing solutions available on the market today. Please contact Payment Savvy to review your options, apply for a merchant account, and to obtain answers to your questions. We look forward to hearing from you and working with your company.
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