Payment Technology Blog

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Friday, July 16, 2010

Software as a Service and payment processing

The Software as a Service (SaaS) model is a model that is becoming more and more popular. A software vendor will develop a system that they will host, but let other companies use.

For example, let's say a development firm creates an e-commerce package specifically designed for companies that sell educational games. This SaaS developer will allow merchants to license their software. The SaaS developer hosts, maintains and upgrades the software.

Licensing structures may include a monthly fee as well as per transaction fees. Per transaction fees may come in the form of a percentage or fixed per transaction amount.

There are unique complexities to the SaaS providers billing needs. Each of their merchants must be able to accept payment from their customers, but the SaaS provider must also collect from their merchants. Licensing structures may vary from merchant to merchant, and even transaction to transaction. Additionally, returns / refunds can complicate the billing process.

NELiX TransaX has developed technology that answers all of the needs of any SaaS developer. Using the NELiX TransaX Payment Gateway, developers can decide how much to charge on each transaction, on a transaction by transaction basis. Surcharges can be added. Billing can be scheduled and thresholds setup. Refunds can be handled in a number of different ways.

Additionally, NELiX TransaX shares residuals with SaaS developers! This means that the SaaS developer will earn additional revenue from their merchants.

If you are an SaaS vendor, and are looking for a complete billing solution, contact us today!

More information on SaaS credit card and ACH / e-check offerings
More information on the NELiX TransaX Payment Gateway

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