Starting today, you have more ways to collect payments and even get paid faster. You know that you love the idea of quicker turnover on payments. Well... it's no longer an idea!
The wait is over! Introducing, Credit Card Acceptance!
About Credit Card Acceptance
Credit Card Acceptance is Plooto's newest feature in accounts receivable. Compared to the average of four to seven businesses days to collect payments via ACH, you can now get paid as soon as two business days with Credit Card Acceptance.
With Plooto, provide more payment flexibility to your customers and receive payments with a competitive, straightforward rate of 2.9% + $0.30 per transaction.
Consolidate all of your financial tools into one! Plooto is the single tool you need for your business. Unlike other credit card solutions, you can leverage workflows and automation in Plooto to streamline the entire end-to-end collections process. Get paid faster with credit cards without having to compromise the existing internal processes, making the adoption of credit cards convenient.
Frequently Asked Questions (FAQs):
How much does it cost to process a credit card transaction?
There is a charge of 2.9% + $0.30 per transaction.
Which credit cards are accepted?
Mastercard® credit cards, Visa® credit cards, and American Express® credit cards are accepted.
We are working on bringing more options to serve you soon. Stay connected to know more about the upcoming updates.
Can suppliers/vendors use a prepaid gift card to make the payment?
No, Visa® Prepaid Gift Cards, Mastercard® Prepaid Gift Cards, American Express® Gift Cards are currently not accepted.
How long does it take to process a credit card transaction?
Each transaction will take at least two business days for you to see it in your bank.
Am I able to use the QuickBooks or Xero integration with credit cards?
Yes, you are still able to enjoy the two-way sync between QuickBooks and Xero - automatically importing invoices and reconciling credit card transactions - making it faster to receive and manage your receivables!
Is it possible to collect recurring payments with Credit Card Acceptance feature?
Yes, you can collect recurring payments with Credit Card Acceptance.