How Payroc Helps ISVs Prepare for the Future of Payments

In yesterday's post, we unveiled the essential types of embedded payments and their importance to the customer experience. Today we will examine how Payroc’s APIs make embedded payments easier to implement.

Payroc is committed to giving ISVs the payments technology they need to continue to build innovative new payment experiences, with the flexibility to easily integrate with our SDKs and APIs.

To that end, we have launched four APIs that enable ISVs to board new merchants, take and settle payments, report, and even manage payroll easily and seamlessly.

Boarding API

Our merchant account boarding allows ISVs to collect all pertinent information about each merchant in a digital fashion, submit that information through our API, get a digital signature, and provision that account to have it up and ready for processing quickly.

Transactions API

Our platform covers credit, debit, and even ACH transactions, both in-person and online.

Funding Instructions APIs

We can also offer dynamic funding capabilities that enable ISVs to create value within their software. For example, one of our partners develops payment solutions for race management — triathlons and marathons — where many of the registrations involve nonprofit donations. Their solutions need to settle funds to both the merchant and the third-party nonprofit. The process sends the majority of the registration to the race management company, a portion to the charity, and the rest to the ISV.

Reporting API

Our reporting API pushes that settlement information so ISVs can report within their own software, including the deposits. Merchants have all the functionality they need to reconcile and everything else for all their payments, without ever leaving the ISV’s software.

Looking ahead, we have even more solutions in development – including the ability to enable Apple Pay and Google Pay. As new functionalities are rolled out, we’ll keep everyone informed.

Payroc’s Platform Gives ISVs Flexibility

We know that ISVs need a platform that can accommodate virtually any type of merchant, payment type, funding instruction, and reporting need with minimal integration. This type of seamlessness is our specialty. We give clients everything they need in one spot to deliver all the capabilities they’ll need to take their business to the next level.

If you’ve been operating for a while, you may be excited by the idea of embedded payments – but less excited by the idea of migrating to a new provider. Fear not. Payroc offers seamless migration tools to help make the migration process smooth and efficient.

As the future of embedded payments continues to drive innovation, ISVs will need to adapt quickly without having to reinvent and retool their solutions. Payroc’s integrations team works directly with ISVs to understand their requirements — now and for the future — and identify the best way to leverage each API for their business model.

Learn more?about Payroc’s Boarding, Transactions, Settlements, and Reporting APIs.