For small businesses, one-stop-shop solutions can help to save time and money. The integration of digital invoicing and payments systems is a potent example of the advantages offered by digital technology. The global demand for electronic invoicing is expected to grow from $3.9 billion to $19 billion in 2024.
GlobalOnePaywill offer a new approach to mini-channel payment processing technologies and merchant services, available worldwide.
READ MORE: Why small businesses need to consider digital transformation
The new development involves partnering with InvoiceASAP. Part of the development involves offering a fully integrated mobile and web invoicing platform. The invoicing software allows all invoices, estimates, customers and items to be synchronized with the QuickBooks software package. Photographs and signatures can also be attached to invoices.
The second part of the new package being offered is the integration of GlobalOnePay’s payment facilitator technology. Part of the offering includes the provision of an “instant on” payments capability, provided with just one click. and obviating the need for business owners to complete a lengthy merchant application and then wait what can often be hours or days for approval
The offering means that U.S. and Canadian business owners will be able to turn on credit card processing with the push of a button. This is a key service for SMBs since more and more small businesses are becoming ‘cashless’ and moving all of their payments online, as part of a digital transformation initiative.
READ MORE: Small businesses adopting mobile payment technology
One driver, according to the website Total Processing, for this is changing consumer behaviors, with the majority of consumer transactions happening online. “Tap-and-go” mobile payments are also gorwing in popularity. Consequently, for small businesses, the customer is expecting accessible and quick transaction processes.
