Resellers can offer customers a basic subscription at $14.99 per month, or a one-year paid-up subscription for $149.90.
Cloud-based business payment
solutions specialist PayCommerce announced a reseller program that will enable
ISOs to offer monthly subscriptions to its cloud-based universal business
payments platform for small to midsize businesses at a retail price as low as
$14.99 per month. In addition, PayCommerce announced a free single-user edition
of its software as a service-based electronic global invoicing solution.
The company is providing
ISOs, banks and other resellers with a cloud-based SMB solution they can
implement for their customers and which can integrate with existing accounting
software from QuickBooks to Oracle and SAP. The company's PCI-DSS (PCI Data
Security Standard) validated payments platform offers a single source for all
customer billing and payment activity and access to multiple processors and payment
types, fraud management and security services.
Resellers can offer
customers a basic subscription at $14.99 per month, or a one-year paid-up
subscription for $149.90, in addition to transaction fees, with the ability to
send electronic invoices with a "Pay Now" feature, receive credit and
ACH (Automated Clearing House) payments, and access a dashboard and reporting
features that provide up-to-date payables and receivables insight.
An advanced subscription,
priced at $24.99 per month or $249.90 per year, expands on basic options with
the addition of outbound credit card payments, Fedwire settlements, recurring
invoicing and payments, more advanced reporting, and the ability to support up
to five users. In addition, SMB subscribers using Intuit QuickBooks or Sage
Peachtree will have the option under the advanced program to sync their
payments and receivables to their accounting software.
"PayCommerce wants to
make enterprise-class electronic payments available to businesses of any
size," said PayCommerce CEO and founder Abdul Naushad. "By working
with ISOs and other resellers, we'll be able to reach large numbers of
subscribers for cloud-based payments services and generate a network effect
that will drive referrals from each customer they sign up."
The PayCommerce solution
allows any SMB merchant on the PayCommerce platform to invite their suppliers
to sign up at no cost. The free version will enable vendors to send electronic
invoices to their customers at no charge. By increasing the numbers of vendors
participating on the platform, PayCommerce said it would leverage the network
effect of subscribers marketing the value of the cloud-based payments service
to their suppliers. Each new vendor who upgrades from the free version to a
subscription will be referred through the original ISO or reseller who signed
the referring customer, the company noted in a release.
"Our vision is an
easy-to-use, cost-effective cloud platform that provides SMBs with a universal
business payments solution to automate receivables and payables and integrate
the processing and global settlement of virtually all forms and types of
payments," said Naushad. "ISOs and other resellers are closer to the
needs and concerns of SMB merchants than anyone, and will be a strategic
partner in spurring participation."
Nathan Eddy is Associate Editor, Midmarket, at eWEEK.com. Before joining eWEEK.com, Nate was a writer with ChannelWeb and he served as an editor at FierceMarkets. He is a graduate of the Medill School of Journalism at Northwestern University.