Processing MYOB credit card payments with Billpower

With more than 72% of Australians preferring to use credit cards to pay most of their bills, it makes sense that you can set up MYOB to take credit card payments. Billpower is the new easy payment system that transforms your accounting software into a fast payment collection system with features that make payments so much easier to do.

customers are more than ever choosing to make payments via their smart phones. We at Billpower
have made this easier than ever. customers can receive a bill, click through and pay now, without having to log into their banking. It makes things so much easier.

Previously, if an invoice was sent, a customer would have the convenience of receiving it as a pdf via email which makes it easy to keep track of. However, making the payment was more difficult when using a smart phone, as it meant having to cut and paste the billing reference, logging into internet banking and so on.

With Billpower, your customers can be issued an invoice via MYOB and make credit card payments easily by only pushing a button on the invoice which says ‘pay now’. The customer is then directed to a pre-populated form and simply inputs their credit card numbers. Once the payment has been successfully paid, they will receive a receipt as proof of purchase.

How to start accepting MYOB credit card payments

Billpower’s quick 5 minute sign up means you can start accepting payments within 2 days. We can process your application and set you up with all that you will need. You can integrate the payment platform with your MYOB invoicing system.

 

There are no ongoing subscription fees and you don’t need the hassle and red tape of having a merchant facility in order to accept payments directly to your bank.

When you send out an invoice, you can customise it with your logo, and even include any marketing offers if you want to promote your company further. You can include discounts for bills paid early which will surely motivate your customers to pay on time.

How does it work?

  1. MYOB generates the invoice which is embedded with the Billpower platform for accepting payments.
  2. The customer receives your invoice via email.
  3. Within the email message there is a link to a unique URL to make payment specific to them and your company.  The customer has two choices. They can either click and go direct to the payment platform, or;
  4. They can open the attached pdf and click on the button that says ‘pay online with Credit Card or Bank Transfer’.
  5. When the customer opens their individual link, Billpower will display any previous unpaid invoices and the customer can choose which one to pay.
  6. The customer can also choose to implement an automatic direct debit system for future payments.
  7. The customer chooses the payment method they prefer (credit card, PayPal or EFT/direct debit) then they complete the required fields then submit.
  8. Their payment is immediately processed and they will be issued with a receipt
    by email.
  9. Billpower settles your payment with your bank, usually within 2 business days.

 

Advantages of MYOB credit card payments via BIllpower

 

It is a system that promotes faster payment of invoices because studies have shown that customer behaviour is to action emails containing invoices more quickly than those they receive in the mail. Furthermore, because the email and invoice both contain an individualised link, making the payment only takes two steps; clicking the link, and choosing which payment method they prefer.

In today’s busy world, bills that are convenient to pay will be prioritised over those that are more cumbersome to pay. This is the power of the MYOB credit card payments system that we have developed. The work that you have to do has already been done in MYOB.

As the old adage says, time is money. Chasing payment will take up a lot less time. You will find that having a simplified and intelligent payment solution frees your staff to focus on other core business activities. Each time a customer calls or emails to query an invoice that they have lost, it takes up valuable time in your business.

With Billpower, customers can click on the unique URL for their invoices and payments with your company, and they can see all the invoices, paid and unpaid. As they will be able to view and reconcile these with their banking information, their convenience is also increased, which reflects positively on
your business.

Check out our demo to see how it works

You can see for yourself just how seamless it will be to accept MYOB credit card payments via Billpower. You will immediately see why it is easy to use and how it can encourage a customer to pay promptly (especially if you include an early payment discount). Click here for more information.