Enable Custom Payment Terms and Improve the Digital Payments Experience Using AQ Pay!
AQ Pay is an integrated technology solution powered by Currency with various features that help dealers digitize and improve the digital payments experience through AQ. Dealers can now enable custom payment terms to expedite the payments process and customer communications. In this blog, we give you an overview of each of AQ Pay’s customer-driven features that add efficiency to your operations and help you get paid – faster!
Digitize the Payments Process With AQ
A digital sales and payment process is no longer about convenience; it’s necessary. With AQ Pay, dealers enable their customers to make payments quickly right from an AQ quote, simplifying a fragmented or manual process that both sides of a transaction might be used to. Streamlining the paperwork and reducing communication touchpoints often require a manual process that helps dealers improve the customer experience and saves everyone valuable time. Implementing AQ Pay is a no-cost way to further optimize your usage of AQ CPQ and a no-brainer if you want to add efficiency to your workflow.
Instant Access to Multiple Payment Options
AQ Pay technology allows you to offer instant payment options from an AQ quote, including credit, debit, and ACH bank transfer. You can even offer your customers financing through Currency. There are more than 70 lending institutions on the Currency platform that support various credit profiles helping connect your customers to the resources they need to keep their operations on track. (When a customer financing transaction is funded, the dealer is paid directly via ACH or wire transfer, getting you paid fast!)
AQ dealers can also take advantage of AQ Pay for online transactions in an e-commerce environment or in-store at the point of sale, improving the quote-to-order process with one seamless platform.
Turn Processing Fees into Profits
While embracing eCommerce solutions is necessary now more than ever, the surcharge and merchant fees that come with electronic transactions are a fact of digital sales. These merchant processing fees serve as a safety net for banking institutions by reducing fraud risk through their financial investments. These fees vary by state and institution; they impact your bottom line regardless of where you and your customers operate.
To help minimize the pain of processing fees, AQ partnered with InterPayments to enable a surcharge recovery feature in AQ Pay. This technology allows dealers to recover up to 4% of the costs associated with digital transactions, helping you recover profits or steer your customers toward lower-cost payment options. Plus, InterPayments takes care of the heavy lifting, ensuring your company remains in compliance with state and federal guidelines even as they shift.
Streamline the Payment Process with Custom Payment Terms
“Streamline” may sound like a buzzword, but considering the amount of manual work this feature eliminates warrants its use. AQ Pay’s newest feature allows you to set a payment schedule based on when your customer completes project milestones determined by you. AQ customers that implement AQ Pay and enable custom payment terms can better organize billing processes by project, take a load off your business operations and, most importantly, help you get paid faster, and on time.
While we turned the page to a new year, distributed teams and remote selling will outlast COVID-19. Adopting a digital-first approach should be your number one strategy to expedite sales, and AQ Pay can help. Contact us at sales@AQ-FES.com to get started!
Related Links: Getting Started with AQ Pay, Sell More with Financing through AQ Pay and Currency, Leveraging Surcharge Recovery Technology to Maximize Revenue, Custom Payment Terms FAQs