What Is Likely to Occur in the Payments and Online Billing Landscape in the Next Few Years?

In addition to the conventional ways of making payments via checks, the online payment management solution has opened up new avenues of accepting money by using one’s credit card and similar other payment gateways.

The online payment management software visit https://www.piikanimoney.org/ enables real-time authorization and processing of credit cards (Visa, MasterCard, American Express, Discover, and more). Most of the payment softwares of today are PCI-compliant. Any PCI-compliant payment management software eliminates the chances of fraudulent transactions by providing a safe and secure environment for fund transfer using debit, credit, prepaid, ATM, and POS cards.

Event or class organizers don’t require to pay any downloading, installation, or maintenance cost to accept registration fees, ticket booking price, or donations via this software. You can process financial transactions easily and fast, once you start using this online payment solution. The software equally supports similar other multiple payment gateways, such as PayPal Payflow Pro, PayPal Express, checks, Purchase orders, CyberSource, and Authorize.net.

The major advantages of using a Cloud-based payment management solution are the following:

•It provides a comprehensible arrangement
•It consolidates multiple event payments or remittance for easy settlement purpose
•You can get merged registration data, including sign-up fees details for preparing reports
•It tracks revenues generated in event (s)
•It distributes net registration receipts on a fortnightly or a monthly basis

The web-based solution helps you easily monitor and track registration fees anytime before an event by sending you automatic notification once a registrant sends the money. This payment solution also supports recurring orders for memberships, donations, and so on, regardless of the payment gateway used by the event/class registrants. You can also use this digitized service to allow your customers pay their registration fee or donation on an installment basis to attend your function. This feature of paying on an installment will encourage more people to register for the occasion and, in turn, reduce the tendency of opting out of the event or class.

The software also offers a ‘self-service’ facility for event organizers to submit refunds, alter orders, process money, and complete any form of transfers for the smooth management of financial operations. With the help of this solution, you can easily upload your organization’s refund policy and such other payment details for easy viewing by your potential registrants.

In case you already own a merchant account, you can easily operate the ‘Use Your Own Merchant Account (UYOMA)’ service integrated with the online payment solution to let the event and class registrants deposit money directly to your account. The UYOMA service lets you simply generate, activate, and maintain your own one or more merchant account(s) with the payment software. Moreover, it also allows you to process cancellations and refunds quickly, without any kind of hindrance.