Integrated payments are essential for merchants and independent software vendors (ISVs) alike.
Integrated payments consolidate payment acceptance into a single platform, simplifying operations, reducing costs and building retention through improved efficiency and user satisfaction. They are essential for merchants and independent software vendors (ISVs) alike. Learn more from the authority on integrated payments.
In a world of digital convenience, integrated payments are crucial for businesses, particularly software providers or ISVs that develop specialized software platforms and applications often used by merchants. Embedding secure, efficient payment processing directly into platforms streamlines transactions for merchants, increases convenience for customers, and adds operational and competitive advantages for software providers.
With the growth of ISVs, there is a clear need for integrated payments solutions. Research from The Strawhecker Group reveals that integrated payments are expected to grow at twice the rate of the overall market.
Across industries and use cases, consumer research consistently shows the payments experience to be a major factor in overall satisfaction. Simply put, consumers and business users don’t view payments as separate; the payments function is central to how the brand and the solution are perceived.
Read on to explore how integrated payments work, their benefits and what to consider when implementing them – along with industry insights and best practices. By understanding them, you can ensure your platform meets today’s expectations and drives a seamless user experience.