Incorporating Payreq into your offer is easy. Our support team is here to help you through every step of your integration, which usually takes no more than a couple of weeks. There will be an approval process throughout and then sign-off on what’s been configured. After tests have been completed, you’ll be ready to set up Payreq with any of your clients. To set up a client, you simply need to provide your client’s details and a list (preferably in a CSV format) of all their customers that are eligible to sign up for digital sharing with Payreq. If you’re coming from a traditional email solution we can also take care of migrating these customers to Payreq sharing. We also take care of any necessary onboarding work.
For each client, we charge a platform fee and wholesale per-transaction fee. You can then apply a margin to this, and pass on the cost in your existing invoice. There’s no technical integration needed between Payreq and your client. And there’s no need to change any contracts you already have in place with your clients.
Mailhouses that partner with Payreq tend to make far more per Payreq delivery than for email or post. For a start, Payreq is 70c cheaper per posted document. Factor in the many value-adds Payreq offers your clients and their customers (such as reduced admin costs, faster payments, a better customer experience etc etc) and it becomes clear how attractive the Payreq model is for everyone. It’s important to note that no capital investment is required to use Payreq to share invoices and other types of information with customers.
As well as making it easy and secure for your clients to share invoices with customers, it lets customers pay those bills in all sorts of convenient ways. Your clients won’t have to waste time chasing payments. Payreq bridges the black hole between a payment request and an actual payment. Because of that we see:
– 20% of customers sign-up to automatically pay bills on the day they receive them
– A 30% increase in revenue collected in the first 10 days after issue
– A reduction in days outstanding per customer – from 25 to 9
– A 15% reduction in inbound calls
Payreq supports bulk registrations, easy on/offs, and a range of bulk or individual bill import and download options for different types of accounting software. It’s perfect for businesses (such as real estate agents or property managers) that manage multiple assets. It’s a fast, efficient way to deliver bills to agents, reduce the admin burden, cut inbound calls, and facilitate fast payments.
The most popular Payreq use cases are for billing & payments, and sharing paystubs and payroll-related information. But there many other potential opportunities, such as:
– Sharing and collecting rate requests
– Sharing gift cards or receipts
– Sharing claims and account information with customers
– Sharing pre-paid cards
– Sharing fuel cards
– Sharing statements, passcodes and account information
As long as a client has an account with a customer, and regularly shares important information, Payreq could be right for them.
