ISV Payment Integration: Advantages & Advice

In an increasingly digital world, where transactions are completed at the speed of a click or with a single tap, seamless and secure payment processing has become a cornerstone for businesses of all sizes and industries.

For businesses that prefer a solution that fits within their current processes, independent software vendors (ISV) payment integration is becoming an increasingly popular option.

Whether you're a software developer creating cutting-edge applications, a startup launching a new e-commerce platform, or an established enterprise looking to optimize customer transactions, integrating payment gateway solutions into your software works for any type of business.

Benefits of ISV Payment Integration

For independent software vendors (ISV), integrating advanced payment capabilities greatly enhances the value of your software and contributes to long-term success.

Here are some of the major advantages of ISV payment integrations.

Streamlines Payment Processing

Integrating payment processing into your ISV solutions provides a seamless, end-to-end payment experience for your users, eliminating the need for them to switch between applications or platforms to make payments. Instead, they can seamlessly initiate transactions within your software, reducing friction and enhancing the overall user experience.

Integrated payment systems are also designed for efficiency to ensure quick transactions and reduced wait times. This is particularly crucial for e-commerce platforms, where delayed payments can lead to cart abandonment and loss of sales.

Increases Revenue & Market Reach

ISVs can leverage payment features to expand their e-commerce market internationally, while creating additional opportunities for cross-selling and upselling directly within the payment process. Whether it involves suggesting related products or offering premium features, the right integration will effectively utilize the moment of purchase to maximize revenue potential.

Moreover, it can extend your software's use by enabling subscriptions, recurring billing, and subscription management, not only providing a stable cash flow but also allowing for more scalable growth.

Improves Data Collection

The data gathered from integrated payment systems can also inform your business strategy. By accessing valuable customer behavior data, you can identify trends, better understand user preferences, and optimize your software to better serve your target audiences.

These insights and analytics also enable ISVs to adapt to market changes to future-proof your business and adjust your software offerings to be more customer-centric.

Enhances Value Proposition & Market Appeal

Ultimately, integrating payment capabilities provides a significant boost to your software’s overall value proposition.

The ability to offer integrated payments and features helps set your software apart from the competition, even in the crowded ISV marketplace. It positions your product as a comprehensive solution, catering not only to the functional needs of users, but also their convenience.

Understanding and leveraging these benefits can be a game-changer for ISVs aiming to excel in the digital payments landscape.

Choosing the Right Payment Partner

One of the most important decisions in this process is selecting the best payment partner to support your integration. They are an integral part of your software ecosystem, providing a significant contribution to its functionality, reliability, and overall success.

Here are some of the important considerations when looking for the ideal payment partner for your solutions.

Comprehensive Payment & Technology Offerings

The best payment partners should offer a wide selection of technology and end-to-end solutions for your various merchants, such as point-of-sale (POS) systems, payment terminals, and reliable e-commerce capabilities.

They also need to be able to handle various transaction types, including credit and debit card payments, digital wallets, and mobile payments, and even support customizable offerings such as gift cards, campus cards, loyalty programs, and more.

Easy Integration

Be sure to find a partner who will offer numerous integration options and work with you to ensure the software integration process is as smooth and painless as possible. Whether it's APIs, SDKs, or custom solutions, the appropriate partner can help navigate all of the complexities for a quick and easy integration process.

Safe & Secure Processing

Your partner should prioritize data protection and gateway security to guarantee safe and reliable payment processing.

They need to invest heavily in cutting-edge security protocols, utilizing advanced data encryption to safeguard sensitive payment information, while adhering to stringent industry standards, such as the Payment Card Industry Data Security Standard (PCI DSS), to uphold the highest levels of security and compliance.

On-Going Support

Your partner’s value doesn’t end with the initial integration.

An effective payment partner should be committed to providing support and assistance throughout the software's lifecycle. They should offer responsive customer service, troubleshooting assistance, merchant onboarding help, and other resources to ensure the long-term success and functionality of your software.

Scalability

Your payment partner shouldn’t aim to just meet your current needs; they need to empower your software to scale and grow.

As your markets expand, your payment partner must have the technological infrastructure to accommodate this growth seamlessly. This scalability ensures that your software remains a viable and valuable choice for merchants ranging from small businesses to large enterprises and everything in between.

Trust OnCore Payment Technologies to Handle Your Payment Integration

OnCore provides the perfect balance of cutting-edge technology and comprehensive payment solutions, with a deep commitment to personalized and responsive support to meet the unique needs of ISVs.

You can leverage OnCore’s robust stack of advanced technology and comprehensive payment solutions to expand your markets, increase your revenue, and grow your business.

We offer omnichannel point-of-sale (POS) systems, advanced payment terminals, e-commerce capabilities, secure CP and CNP gateway functionality, and more, and can seamlessly integrate ISV software into your payment solutions for a convenient and consistent user experience across platforms and devices.

OnCore adheres to protocols such as PCI DSS to guarantee transactions and customer data are as safe as possible. Our 24/7 in-house support team is also on hand to provide attentive service and assistance for whatever you need.

Join OnCore’s innovative payment platform to start expanding your markets and grow your business.