ISV payment solutions refer to Independent Software Vendor (ISV) payment solutions, which are payment processing systems fully embedded into your software. These solutions are designed to help you accept payments (credit cards, debit cards, digital wallets, etc.) directly within your software to streamline operations. Beyond payments, ISVs can also embed financial services, money movement, and banking APIs to offer customers a more holistic solution.
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Building a financial services tech stack to future proof your software. |
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Frequently asked questions:
ISVs benefit from integrating payments into their software platforms through revenue generation, an enhanced customer experience, improved operational efficiencies, and enhanced data analytics – providing them with a competitive advantage in a crowded marketplace.
While integrating payments with your software solution can provide additional revenue, ISVs that embed more value into the payment experience are the ones positioned for success in an increasingly competitive marketplace. Today’s consumers expect a seamless, connected, and personalized buying experience whether your solution is built for the healthcare industry or the services vertical. Buyers - your end users - don’t care about payments per se, but the overall shopping experience.
Payment API integration timelines for ISVs are dependent on a number of considerations. Simple APIs can take a matter of days while more advanced and larger integrations can take more time. The complexity of the integration and your software platform are significant factors as well as:
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