Imagine this scenario, your client orders 100 units of clothing from your manufacturing company. The client offers to pay with their credit card, but unfortunately, you don’t have a credit card processing system. So…you have to accept checks. When accepting checks from your boutique clients, multiple problems may occur. Keeping track of all purchases manually can become a bit overwhelming and time consuming when you’re a smaller business. With the added stress of processing all transactions, running your place of business can become less of a passion and more of a hassle.
To understand a little more you should be familiar with two things that happen during credit card processing, authorization, and capture. First, an authorization places a hold on the transaction amount in the customer’s issuing bank. There are no monetary exchanges yet. For example, let’s say that you are going to ship a dress. First, you will authorize the amount of the transaction for the dress. Then, create the shipment for the dress.
Once the shipment is ready and you are ready to charge the credit card, you will do a ‘capture’. This a term used in the credit card industry to mark a transaction as completed. As soon as the product is shipped, you, the manufacturer, can capture an amount up to the amount of the authorization.
For AIMS360 customers credit card processing comes included with your subscription, which means no added fees or costs. If you’re still not convinced on using a credit card processing system, keep reading!
Benefits of having a credit card processing system in your order taking system:
Record keeping:
- All purchases/transactions will be recorded through the service, eliminating the chance of misplacing important information. Say goodbye to that random stack of papers!
Minimize security risk:
- Because information can be secured digitally and processed all in one place, the chance of getting personal information stolen decreases.
- Credit card processing services also have an authorization feature which provides you comfort knowing whether your customers’ available funds are verified before preparing their order.
Get paid:
- Take a deposit payment for a future order. This will let you receive money in your bank account the following day, so you can use the money even before the order gets shipped out.
Cut imputing time down drastically:
- Eliminates requirement of double entry of credit card numbers into separate systems or terminals. With your new-found free time, you can focus your attention on other business needs.
Expedite the payment process:
- When using a credit card processing service like ours, your company will be able to store the customer’s credit card information for reoccurring purchases. This service also allows you to store multiple cards under the customer’s saved account.
Incentivize your customer:
- Your boutique customers will appreciate the credit card payment option because it allows for an authorization which will hold the charge to be processed later when the product is shipped out. Also, it gives them time to pay their credit card bill.
Now that we covered the benefits, did you know that if you’re an existing AIMS360 customer we provide FREE credit card processing service with your subscription? To use this service please contact us.
How can I use AIMS360 FREE credit card processing services?
To use the free processing services provided by AIMS360, contact AIMS360 to sign up.
- Enter your clients’ credit cards one-time into the system.
- Before you pick and pack AIMS360 will help you calculate the total plus an estimated amount for shipping. Once you have this total you can get an authorization plus an optional deposit. The authorization will hold the amount on the credit card for up to 30 days without charging the customer.
- This service allows multi-authorization.
- One the order is picked, packed, and has a tracking number, you can charge the amount to the credit card to complete the payment process before sending it out the door.
Credit card processing is an efficient way to keep track of all your business transactions. With this feature you will save time, money, effort, and minimize security risks. You are also guaranteed that the Payment Card Industry (PCI) Data Security Standard will be met, allowing ease for your business.
To access your AIMS360 credit card processing system, click here. For other inquiries, please open a ticket on your AIMS360 Zendesk, or send an email to support@aims360.com.