8 Reasons Your Customers Should Pay Bills Online with KIP9 August 2023
Convenient and secure online payment methods are crucial for any ecommerce business.
The proper security measures can help protect your customers against identity theft and other types of payment fraud. And with over 1.1 million cases of identity theft reported in the U.S. in 2022 alone, it’s easy to see why secure payments are so important.
While there are various ways to ensure secure digital payments, the best option would be one that integrates with your existing systems. So, let’s discuss what integrated payments are and why k-ecommerce Integrated Payments (KIP) is the best option for your business.
Here’s what we’ll cover:
- What Are Integrated Payments?
- The Benefits of Integrated Payments
- KIP: The Best Integrated Payment System for Your Business
- Final Thoughts: 8 Benefits of Using k-ecommerce Integrated Payments
What Are Integrated Payments?
An integrated payment solution is a payment system that interfaces with and updates records on your existing business software to facilitate online transactions. It automates some of the manual tasks involved in processing payments, automatically transferring data from your point-of-sale (POS) system to the other software applications you use.
An integrated payment system should be able to integrate seamlessly with other business software — like ecommerce solutions, CRMs, ERPs, and accounting software — to ensure a successful checkout.
The Benefits of Integrated Payments
An integrated payment solution offers many advantages over non-integrated options. Here are a few reasons why you should take this route for your business:
Seamless Data Transfers
An integrated solution updates your online store’s accounting system cash flow records and ERP inventory lists with each purchase, ultimately saving time and eliminating errors.
With a non-integrated payment system, these records must be updated manually. This time-consuming process increases the risk of human error distorting your data.
Integrated payment systems use secure data transfer protocols to ensure the confidentiality of any information it sends to other business systems.
In addition, compliance with the Payment Card Industry Data Security Standards (PCI DSS) mitigates malicious attacks. This reduces the risk of sensitive customer data — like credit card information and contact details — being compromised in a data breach.
Integrated payment solutions automate your payment processes. This automation streamlines your business operations, eliminating inefficiencies that are commonplace in business workflows with non-integrated payment systems.
Integrated payments can also enhance your team’s effectiveness by ensuring that the right business units can access updated payment data when needed.
KIP: The Best Integrated Payment System for Your Business
Business owners can choose from a wide variety of integrated payment systems. However, if you’re looking for a fast, secure, and convenient way for your customers to pay bills online, look no further than k-ecommerce Integrated payments (KIP).
KIP is a flexible, PCI-certified online payment platform that allows your customers to pay their invoices anytime and from anywhere in the world. You can use it with or without a K.ecom web store.
While KIP is ideal for ecommerce businesses seeking versatile payment solutions for their customers, its flexibility also makes it perfect for offline businesses seeking online payment options. And best of all, it integrates seamlessly with your ERP to automatically send all invoice and payment information back and forth.
Want to know more? Here are eight reasons why your customers should pay their invoices online with KIP.
Faster Online Payments
With KIP, you get paid faster. Customers can simply log in to your online payment portal, select the invoices they wish to pay, and make payments using any of the available options.
KIP’s speed and ease of use minimize the turnaround time for all customer transactions. Additionally, its 24/7 self-service accessibility enables you to accept online payments from anywhere in the world, even outside of your normal business hours.
Providing your customers with a quick and painless digital payment method enhances the customer experience and fosters brand loyalty.
It works just as easily as web store integration. When you add invoices to your ERP, they sync automatically to KIP. Then, when a customer pays their bill, the payment syncs right back to the ERP system, updating the invoice records in real time.
KIP automates the payment process, eliminating the need for manual entry. This automation ensures accuracy and speed on every transaction carried out with KIP.
Flexible Online Payment Options
With KIP, making online payments is as easy as pressing a button.
Your customers can pay their invoices in full or make partial payments. Plus, they can make payments on one or more invoices at once. After logging in, they only have to select which invoice(s) to apply payments to.
Your customers can also combine different payment methods when making a single payment. They have total freedom over how they pay their invoices. This level of flexibility is perfect for businesses that want to offer more payment terms to meet the needs and preferences of different customer types.
Versatile Payment Methods
With its support for all major credit card providers and payment processors, KIP gives customers several ways to make online transactions. Moreover, KIP accepts Automated Clearing House (ACH) and Electronic Funds Transfer (EFT) payments, credit memos, and unapplied prior payments.
Due to its integration with Microsoft Dynamics 365 Business Central and Dynamics GP, KIP supports write-off functionality for small unpaid balances in both of these ERPs.
Your customers’ data enjoys maximum security. That’s because we host KIP in a high-performance, PCI Level 1-certified cloud environment.
Level 1 certification is the highest level of PCI compliance recognized by the PCI Security Standards Council (PCI SSC), the body of payments industry stakeholders that protect payment card data from fraud.
At k-ecommerce, we renew our PCI certification every year. You can rest assured that your customers’ data is completely secure during online transactions with your business.
Compatibility With All Devices
KIP is fully responsive, adjusting its visual elements to suit various screen sizes and device types. Your customers can conveniently make online payments from their web browsers, regardless of whether they are using a laptop, desktop, tablet computer, or smartphone.
On any of these digital devices, we ensure that they get access to the same effortless process for settling bills and completing online transactions.
Customizable Logo and Theme
If your business maintains a unique brand identity across all its digital platforms, then KIP can help you stay consistent even with your online payments portal.
This ERP-integrated online payment solution includes customizable design elements that let you add your company logo to different parts of the payment portal. You can also adjust the theme’s colors in KIP to perfectly match the look and feel of your brand.
These customizations do not require any professional design skills. You can customize your payment website’s logo and theme at any time using a scaled-down version of the user-friendly K.ecom content management system (CMS).
K.ecom Web Store Ready
As we mentioned earlier, KIP works with or without a K.ecom online store.
K.ecom is an integrated system that leverages your existing ERP to create a fully functional online store. It enables you to digitize your product sales. You can also share customer orders and transaction data with your other business apps.
If you use K.ecom for your online store, then you can integrate KIP and easily manage both platforms from a single admin dashboard.
Final Thoughts: 8 Benefits of Using k-ecommerce Integrated Payments
KIP is an excellent choice for any business that wants to empower its customers to take charge of their online payments. Its unique combination of speed, enhanced security, and flawless integration with leading ERP solutions makes it one of the top integrated payment providers on the internet.
Want to learn more about why KIP is the best integrated payments system for your business? Watch our KIP demo to see it in action, or contact the k-ecommerce customer support team to talk to an integrated payments expert about your business’s needs.