No-code technology is proving to be a winner for software developers looking for solutions to rapidly respond to market and customer demands. This is especially true when it’s used as a productivity tool to integrate value-added features from third-party providers into cloud-based software. Examples include automating order workflows, building websites, generating reports and analytics, customer management and engagement, and payment acceptance.
No-code technology was the logical evolution of PayJunction’s integrated payments strategy and the driving force behind the company’s recent launch of its No-code Payments Integration™ platform. It is ideal for developers interested in quickly embedding payment features into their software. The browser extension integrates seamlessly with any cloud software system. It isn’t just a leap forward; it’s a revolutionary jump in software development for the payments industry and reduces development time from months to minutes.
Read on for insights about how no-code technology will accelerate the adoption of current and future payment acceptance methods while extending the freedom of choice for software companies and their customers.
Developers Save Time and Resources with No-code
SaaS companies are turning to no-code platforms partly due to the demand for process automation, rapid development cycles, and a shortage of skilled IT specialists. According to Gartner, the market for no-code/low-code platforms will reach $12.3 billion by 2024.
Most no-code platforms speed up time to market by providing pre-built integrations or connectors that simplify linking the core software to external services. Given the growing demand to embed payment acceptance features into software, it’s no wonder that no-code technology is the logical choice for forward-thinking ISVs and developers looking to free themselves from the continuous cycle of coding and recoding using traditional payment APIs.
The Dawn of the No-code Era for Payments
Integrating payments via traditional APIs can take months and requires technical software coding knowledge and IT specialists who understand how payment acceptance works. It’s one thing to add a simple “pay now” button to a website, however, most businesses accept payments in multiple ways—in-person, over the phone, via invoices, or using recurring payment plans. As a result, developers are often required to write code using several APIs, a process that can take months. Not to mention the fact that payment features evolve based on innovative trends and security/compliance mandates, requiring frequent code updates.
In-person payments—representing 80% of consumer retail purchases—are the most complex, and many systems require staff to manually enter sensitive payment details into a software form, which increases the risk of fraud and typically increases transaction costs.
Semi-integrated terminals can be used to securely capture card and purchase data and route it for processing; however, they still require code changes in the core software whenever updates are needed.
No-code payment integration effortlessly adds features to core software without requiring perpetual code, test and release cycles. The once-arduous integration marathon now resembles a sprint. ISVs, developers, and businesses gain tools to efficiently implement and manage payment acceptance, leveling the playing field for all.
Seven Reasons Why No-code Payments Integration is Buzzing
PayJunction is at the forefront of the no-code movement thanks to its resolute ambition to develop disruptive technology and tools. With PayJunction’s No-code Payments Integration, the time-consuming integration cycles of the past fade away. SaaS companies are embracing the platform as an accelerator to quickly add value and scale. Plus, it frees up resources to focus on core software development, customer engagement tactics and business growth strategies.
Tailored for the Cloud
Designed exclusively for cloud-based systems, No-Code Payments Integration seamlessly adds payment functionalities into SaaS systems platforms, including POS, PMS, CRM, and ERP. It creates a precise fit that makes it easy to configure payment experiences and workflows aligned with business needs.
Swift Integration
Adding payments is lightning fast. It’s a shot of agility that helps ISVs and developers get new features to market swiftly. Users simply map fields required to run a transaction—things like purchase amount, invoice number, and customer information—and instruct what to do post-approval, such as close out a one-time purchase, update customer history, or email a receipt.
Extensive Payment Features
Staff-initiated payments can be integrated using no-code technology to meet multiple use cases and acceptance environments:
- In-person: Cloud-connected Smart Terminals allow businesses to accept EMV and contactless payments, including Apple Pay and Google Pay.
- Digital invoices: Digital “pay-by-link” requests can be emailed to customers who open the message, immediately enter their card or bank account details, and submit payment.
- Telephone orders: Staff can enter payment data into a connected terminal or a form in their software and send customers a secure pay-by-link request.
- Recharge a customer: An existing customer’s card or bank account can be used to complete a new purchase.
- Recurring and subscription payments: Businesses with subscription plans securely capture payment information and authorization once to easily automate future payments.
- Refunds: Hassle-free transaction refunds are processed via the platform.
- ACH Processing: Businesses can confidently accept cost-effective, secure bank-to-bank transfers, including real-time funds availability.
Efficiency Booster
Creating workflows between the core business software and a payment provider and automating repetitive tasks increases productivity, and reduces manual processes and errors. Employees have more time for value-driven customer initiatives.
Lock-tight Security
OAuth authentication in the browser ensures secure transmission of sensitive payment credentials without local data exposure. This reduces the risk of a data breach and simplifies PCI Compliance, extending peace of mind to ISVs and business owners.
Cost Saving
Software companies can eliminate the need to hire adjunct developers to integrate payments. An intuitive interface makes it easy for anyone—even users without extensive coding knowledge or payment expertise—to map software and payment fields.
Flexible Integration Options
Embrace the power of no-code, low-code, and RESTful APIs that address omnichannel experiences for in-person, online and digital-driven purchases. Combine PayJunction’s No-code Payments Integration and low-code webhooks to customize workflows and business logic.
Beyond the Code: Working with a Full-service Integration Partner
Payment acceptance differs from core software functions such as sales, inventory, customer management and staff scheduling. Finding sufficient time, money and resources to internally develop the tools and expertise necessary to sell and support specific add-on features like payments can pose a challenge for many ISVs.
Beware of integrating via an impersonal tech stack supported by chatbots and self-directed trouble-shooting. You could end up with code that works, but a business model that falls short.
Adding and maintaining payment features—and helping customers solve problems—is better served by live experts who follow through with every inquiry until you and your customer is satisfied. ISVs and developers should be able to share in the revenue stream from payments running through their software. A partner like PayJunction invests in your success and supports you and your customers throughout the customer journey.
About PayJunction
PayJunction is a full-service payment processor with a modern cloud-based payment gateway. Founded in 2000, PayJunction has consistently redefined the payment processing industry through innovation, customer advocacy, and transparent pricing. PayJuntion’s resolute ambition to develop disruptive technology and tools has put it at the forefront of No-code payment solutions. The company processes over $9 billion annually, offering businesses versatile solutions for in-person, online, and on-the-go payment acceptance. PayJunction’s enduring commitment to valuing long-term relationships over short-term profit has received accolades from esteemed institutions like Stevie®, Glassdoor®, Titan®, and high recommendations on Trustpilot.
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