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Payment Automation with the Payment Portal

Last updated 04/11/2021

 Overview


So goes the saying "Cash is King". You can get bogged down tracking invoices and chasing customers to settle their bills. When you don’t have a handle on accounts receivable, you’ll struggle to maintain the cash flow necessary to sustain your business, let alone grow it.

With Cin7’s Payment Portal, you can include a Pay Now button to your Invoices and Quotes and get paid faster. This, coupled with our workflow automation, helps provide a significant reduction to operational costs and moves you toward PCI-compliance, the industry standard for secure handling of credit card information.

Benefits


 The following are just some of the benefits of using Cin7's Payment Portal:

  • Improved cash flow by saving on bank fees and interest, improve your gross profit, and be able to scale up your business with additional capital.
  • Improved inventory turn over meaning you move/sell more goods without needing to invest in a larger warehouse.
  • Supply Chain Automation - Once a payment is  made, the Sales Order is automatically sent to the next stage to Build or Ship or Dropship depending on your business model.
  • Customers have the option to arrange a credit with their bank rather than with you.
  • Give your customers an easy payment experience by emailing Invoices and Quotes with a Pay Now button.
  • Give your sales staff the flexibility to easily manage mail-order, telephone-order (MOTO) payments without leaving Cin7.
  • It's 100% PCI-compliant and super secure; credit card numbers pass straight from the payer's web browser to the payment gateway.

Payment Facilitation Fees


Payments processed through the Cin7 Payment Portal incur a Payment Facilitation Fee per payment; this will be calculated monthly and appear on your Cin7 bill.  

Other payment processing fees may be charged by your payment gateway, merchant payment service, bank, or other entities involved in the processing of credit card or ACH transactions.

Please find below, the Payment Facilitation Fee as per your billing currency

Currency

Payment Facilitation Fee

USD

0.35% + 29¢

NZD

0.35% + 29¢

AUD

0.35% + 29¢

GBP

0.35% +29p

 

Charges for Test Transactions

Cin7 Transaction fees will not be charged on test payments with a value of less than 4 in the following currencies: USD, NZD, AUD, CAD, GBP, EUR.

Standard Cin7 transaction fees of 0.35%+ 29¢ will apply for all other transactions.

 

Supported Gateways


 To be able to accept payments, you must first set up a payment gateway. These are third-party services that will process payments on your behalf.

The Cin7 Payment Portal works best with Stripe but other gateways are accommodated.

Benefits of Using Stripe with Cin7
  • Powerful set of controls for the customer to fully manage their card processing services, the Stripe Dashboard
  • No setup or monthly fees.
  • No minimum monthly commitments whatsoever.  No contract, and therefore no lock-in or break fees.
  • Contrasting strongly with the likes of some Payment Gateways, Stripe does not have the same reputation for frequently holding funds paid to you.
  • Accepts payments from anywhere in the world. 
Gateway Comparison 
 

Stripe

Authorize.Net

Payment Express

PayPal Payments Pro

eWay

Braintree

Setup Cost

NA

USD 49

Negotiable

NA

NA

 

Monthly Recurring Fees

NA

USD 25

Negotiable

USD 30

NA

 

Per Transaction Fees

2.9% + 30¢ per Transaction

 2.9% + 30¢ per Transaction

Negotiable

 2.9% + 30¢ per Transaction

1.9% + 20¢ per Transaction

 

Countries Supported

25

US, UK, Europe, Australia, Canada

US, UK, Australia, Canada, New Zealand, Singapore, Ireland

US, UK, Canada

Australia

US, Canada, Australia, Europe, Singapore, Hong Kong SAR China, Malaysia, and New Zealand

Multi-Currency Support

135+

13+

45+

    yes

Pricing Model

Subscription Based

Subscription Based

Contract Based 

Subscription Based

Subscription Based

Subscription or contract