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In the latest episode of PayFAQ: The EmbeddedPayments Podcast, Ian Hillis speaks with Brad Pinneke , VP of Business Development at Payrix and Worldpay for Platforms, about one of the most important decisions software companies face today: choosing the right payments partner.
Andy Meadows, the Head of Partner Success at Payrix joins host Ian Hillis to continue their conversation about building a successful EmbeddedPayments strategy. As the last episode of a four-part series on the topic, Andy and Ian tackle how software companies can minimize attrition and why it’s important to the payments conversation.
Among the most recent strategies proving successful for software companies is EmbeddedPayments. In fact, a recent report from IDC estimates that by 2030, 74% of global digital payments will be processed through platforms owned by non-financial institutions, including software companies. What are EmbeddedPayments?
Leah has over a decade of experience in the payments industry and has witnessed firsthand the evolution of Integrated and EmbeddedPayments. Leah joins Ian Hillis on the PayFAQ: EmbeddedPayments podcast to delve into the fascinating world of payments, with a particular focus on merchant preferences.
With their sights set on elevating the customer experience, deepening user engagement, and driving sustainable growth, there’s one thing software companies are making room for in their roadmap: EmbeddedPayments. However, not all EmbeddedPayments solutions are built under the same standards.
Example: A SaaS that manages freelance marketplaces can offer FedNow-enabled payouts to gig workers, boosting satisfaction and retention. Payment Processors and Fintechs: Reduce Friction Use FedNow to: Offer instant settlements to merchants. Revenue Opportunity: Add value and potentially monetize speed via tiered services.
A comprehensive EmbeddedPayments strategy isn’t complete without value added services. And when should you start thinking about these solutions and infusing them into your payment ecosystem and experience? On this episode of the PayFAQ: EmbeddedPayments podcast we delve into just that.
For companies handling high volumes of transactions, traditional payment systems often lead to inefficiencies, hidden costs, and unnecessary complexity. Integrated payment solutions offer a streamlined approach, helping businesses cut costs while boosting revenue.
Streamlined payment control: centralizing payment processing enhances efficiency and allows the master merchant to control compliance, fraud prevention and risk management. How do sub-merchants benefit from working under a master merchant?
In this landscape, embeddedpayments have become a great way for SaaS companies to provide value-added services on top of their core offerings to customers. With the plethora of options available, choosing a payment provider and integrating payments into your existing SaaS product can seem daunting.
Then, it built an entire ecosystem around it, soon launching Shopify payments, an embeddedpayment tool that quickly became the largest piece of the business. Value-added services like embeddedpayments, lending, or banking offer your platform more revenue and are also attractive to potential investors.
EmbeddedPayments have become a popular initiative among vertical specific software companies looking to deliver a more seamless customer experience, introduce new revenue into the business, and stay competitive in today’s digital world. How do they think about attaching payments to those existing customers? But where to begin?
In todays competitive software market, forward-thinking trade and field service platforms are no longer asking if they should modernize their payment infrastructure, theyre working diligently to source the right payments partner to implement innovative solutions before their competitors beat them to the punch.
In recent years, many have discovered the value of EmbeddedPayments to elevate that experience. In this guide, discover the different models of software payment processing, the benefits, and the steps for effectively implementing payments solutions that elevate your software.
Adam joins Ian Hillis on PayFAQ: The EmbeddedPayments podcast to discuss the intersection of software and EmbeddedPayments along with software growth strategy, key performance indicators, and the pivotal role of payments for SaaS companies. The second growth and profitability metric is really NRR.
Interested in learning more about value-added services and their role in a successful EmbeddedPayments strategy? Check out this short and information-packed podcast episode about value-added services on the PayFAQ: EmbeddedPayments podcast. Meet with a payments expert Get in touch
In the latest episode of PayFAQ: The EmbeddedPayments podcast, Ian Hillis sits down with Renn Salo, Vice President of Payments at Inktavo, to delve into the exciting world of Embedded Finance, with a particular focus on the intersection of lending and software platforms. Ian Hillis Excellent.
With a unified payment stack, your subscribers can confidently expand their payment options to meet customers where they are, in whatever way they want to pay. Merchants can deliver a consistent, frictionless experience and drive retention by giving customers one more reason to return. And that’s just skimming the surface.
Streamlined payment control: centralizing payment processing enhances efficiency and allows the master merchant to control compliance, fraud prevention and risk management. How do sub-merchants benefit from working under a master merchant?
In the latest episode of PayFAQ: The EmbeddedPayments Podcast, host Ian Hillis sits down with Candice Raybourn, Head of Partner Activation at Payrix and Worldpay for Platforms, to discuss the crucial topic of PCI compliance. So, think about your IP addresses. Are those protected? What’s happening? Candice Raybourn Thank you.
There are several examples of embedded fintech, including: EmbeddedPayments Many customers would rather not take out a credit card and enter its details every time they’re about to make an online purchase. Embeddedpayments solve this by saving a payment method for easier digital transactions.
TL;DR Integrating payment processing into your SaaS platform adds a steady and scalable revenue stream, driving substantial financial growth. Plus, native payment features improve convenience and efficiency, offering a seamless experience that reinforces your brand identity and increases user satisfaction.
Brad recommends taking advantage of an embedded subscription management portal to provide a totally seamless experience to your users. But this will be the year for us to determine how we approach subscriptions going for year two and effectively beyond.”
Sudipto Manna (04:30) huge conversion in our approval rate and that leads to more revenue, that leads to more new net retention of customers. So it’s actually suggesting this is the best payment method for this particular geography or this particular language. And you get access to the payment method inside.
There are various methods to consider, such as bundling payments into existing plans, offering payment capabilities as an add-on, or payment enrollment. You also should evaluate your pricing strategies, some of which include value-based pricing and cost-plus pricing.
Companies will make retention a priority: customer retention, training retention and institutional knowledge (or history) retention.”. One is connected to the payments business and what my company, Flywire, does, and the other is related to how organizations manage themselves. Lawrence Schwartz, CEO at Trivie.
Unlock Hidden Revenue, Scale Smarter, and Choose the Right Partner Introduction: Payments Are No Longer Just Transactions If you’re building a SaaS or platform business, embeddingpayments isnt just a featureits a business model. But heres the thing: not all embeddedpayment solutions are created equal.
Integrated payments typically involve adding a payment gateway or processor to your platform, but the actual payment process happens outside the platformoften redirecting users to another page to complete the transaction. Embeddedpayments , on the other hand, keep everything happening seamlessly within your platform.
As software companies look to integrate payments, understanding tokenization is essential for security, compliance, and long-term strategy. In contrast, a restaurant payment system may only need tokenization for occasional transactions, with less emphasis on long-term data retention. I’m very glad to talk about it.
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