You have processed the Purchase Order, have shipped the goods and sent the Invoice to your Customer. Now 30 days later, you sit at your desk opening every email coming in hoping it is the check of the invoice you had sent to your Customer earlier. You do this day after day; even make phone calls inquiring about the status of your payment, until finally the check arrives in the mail. Your customer may also provide their credit card information in order to pay for the goods purchased. However, you may be in a situation where the credit card is not valid.
Whether you receive payment through check or credit card you want the guarantee that it is valid and you will receive the cash you’re entitled to. PebbleJet’s Payment Solutions provide a secure system that checks the validity of the credit card information before you even begin processing the order. As a Business, you allow your customer to pay with various options giving you the ability to conduct more sales and providing convenience to your customers. You will not only continue offering the same options of payment to your customers, but by assuring yourself that the payment information is valid, you will increase your cash flow or be able to handle any delay before payment processing begins.
How does it work?
Conducting financial transactions between you and your customer is a very crucial and important process. You want to receive your payment in a timely manner yet maintain a healthy, trustworthy relationship with your customer. By implementing PebbleJet’s Payment Solutions, you will know your payment is guaranteed with every transaction. As orders come in, Payment Solutions takes the payment information and securely routes the details to a Credit Card Network and returns with an Approved or Declined message. The credit card is not charged for any amount, but authorized giving you the flexibility to make changes to the order, if necessary.
- Pre-Authorized Credit Card Details! You received credit card details with the Purchase Order only to find out during Payment processing, that the credit card is invalid. With PebbleJet’s Payment Solutions, you will be able to authorize the Credit Card information before the order is processed. This gives you the opportunity to insure that you will receive your payment on time and handle any situation regarding payment before processing the payment.
- Increase your Cash Flow! By waiting and waiting for the check to arrive in the mail or calling your customer regarding an invalid credit card will only delay your ability to turnover your Accounts Receivable to Cash. By pre-authorizing the credit card details in an order, you can process the order with the assurance that you will receive the payment at the end of the Order to Cash cycle without the waiting.
- Reliable and Secure! You want to ensure your customers their credit card information is secure and will not fall in the wrong hands. Having access to such vulnerable information is a very big responsibility and it is important to secure the data to continue a trustworthy relationship PebbleJet’s Payment Solutions guarantee the security of credit card details by encoding it as it routes to the credit card network and back.