When you chose a payment platform and processor for your MSP, did you select one designed for the average retail business, or one specifically designed for your business model?
Did you research platforms that would help your business thrive, or did you simply choose the first payment platform that came to mind?
When all the options seem the same, it can feel pointless to research options. However, it’s important to evaluate payment processors on value-added criteria above and beyond the processing rates they charge.
Automation and efficiency are key to profitability. MSPs should utilize a payment platform that does more than just process payments (the bare minimum). The platform should also contribute toward efficiency and employ automations that alleviate the burden of billing and collections.
The payment solution you choose shouldn’t only accept payments, it should also offer automation and integrations that will save your MSP time (and money!).
Use this list of questions to evaluate if a payment platform will bring value to your MSP.