New payment options from Billpower – MYOB EFT Payments

You run a business that provides a service such as landscaping, IT repairs, personal training. You have a bunch of great customers who are happy to hire you time and again. Asking for payment at the time is awkward when they don’t have cash on hand, and you haven’t got a swipe facility to process credit card payments, or EFT.  Billpower has solved this by providing MYOB EFT payments for your customers.

 

The job may have been more extensive than both of you had originally thought and they don’t have a problem with paying you the extra, it is just that they don’t have the cash on hand at the time you are doing the job. So what can you do?

Billpower’s innovative and integrated payment solution can fix this problem. You simply create an invoice via MYOB and when you send it to the customer, they can decide from 4 payment methods: credit card, PayPal or EFT which can be processed right from either the email, or the attached PDF.

 

In the same way that credit card payments are processed automatically, when a customer pays by EFT they will receive an automatic receipt. You can also brand the receipt with your company logo and other marketing material if you’d like.

You will also receive the funds into your account within 1-2 business days depending on your bank. That’s a game changer for your cash flow!

How you can start accepting payment by MYOB EFT

Well the great news is that getting started with Billpower is free. We don’t need you to set up a merchant facility. You we will never bill you a monthly account keeping fee, but a very low per transaction fee.

If you apply online, you can start accepting payments within 2 business days.

Some of the additional features that Billpower offers include:

• Invoices are customisable – you can brand the invoices with your logo
• Include marketing messages along with the invoice
• Offer special discounts for timely payments
• Invoice tracking
• Unique URL for your payment portal,
• Can accept part payment
• Split payment types for each invoice can be processed
• Idiot proof – payment field is pre filled and can’t accidentally pay an invoice twice.



Why customers will love paying by Billpower

When you send an invoice via MYOB requesting payment via Billpower’s intelligent payment platform, your customers can make the payments on the go, right from their Smartphone.  The thing about smart phones is that they make doing most routine things easier. This is so true when it comes to paying bills.

Your customer will receive the invoice by email. They don’t actually need to click through to open the attachment. If they like, they can click a link in the body of the email that will take them straight to your URL payment portal. They don’t need to login or create a billing account. The invoice is ‘supercharged’ with all the information that both sides need.

Once they arrive at the payment portal they can enter the invoice number and they can manually complete the payment. While they are in the portal, they can also see the billing history and choose which other payments to make if there are any outstanding. After a few times of manually completing payment, and seeing just how easy it is, they may wish to set up Direct Debit and have automatic payments in the future.

Billing incentives create customer loyalty

To encourage a positive relationship between you and your customers, you can create discounted billing if the payments are made before the due date. Any other loyalty discounts can be built in via the MYOB accounting power and Billpower will render any pre-programmed changes into the portal.

 

Customers are rewarded for paying on time, and similarly you may wish to add surcharges for late payments. It is all customisable and you have the power do program it in any way that suits you and your customers. Whatever rules you put in, MYOB will follow through and changes are reflected in the bill.

Deposits – a game changer

For tradesmen and other contractors, the power of the software makes it easier than ever to create deposit invoices, and to keep a track of payments as they fall due. You can automate the schedule of sending invoices based on contractual agreements for payment.

For example, you may be a builder and there is an agreed schedule of payments as the work progresses. The customer will be sent the invoice via MYOB each time a stage is reached. Both sides can easily track the progress of payments, based on the clear information on the invoice. The customer can always log in for a complete history of all outstanding and completed payments. Disputes over what has been paid for will diminish due to easy to access records.

The easiest way to imagine how easy Billpower is to use is to request a demo invoice. There is no commitment, and we will not hassle you. We are confident that the logic of this easy payment system will be so compelling that signing up just makes sense to you. If you’d like to cut down on the time you waste chasing payments MYOB EFT payments, please click here for a demo.