As a business owner, it’s your responsibility to ensure your company is performing at its best and you must be prepared to move with the rapid advances in technology — especially when it comes to online payment processing.
It’s expected for your business to accept a diverse range of payment methods ranging from cash, credit cards and even cryptocurrencies if you want to be a competitor in your industry. However, finding a reliable payment system can be time-consuming and stressful, especially for business owners who have a long list of other tasks to take care of.
When it comes to accepting and receiving online payments, Limepay is a new fintech that looks promising to be the next big thing for retailers looking to take back control of their businesses by offering merchants an easy solution to accept payments online.
The Australian payment system seems to be ticking all the right boxes for customers and business owners and has quickly become a frontrunner as an online payment solution by offering cheaper fees, faster transactions and enhanced security.
What is Limepay and is it a good fit for my business?
Limepay offers customers a convenient way to pay with a next-generation solution for today’s diverse retail environment.
The payment software provides short-term financing for small to medium-sized consumer transactions including the option for customers to buy-now-pay-later. Limepay supports credit card and bank transfer payments as well as a wide range of cryptocurrencies – which is a biggie if you’re trying to enter the Asian market.
Limepay stands out in the market by being the first payment software that lets you choose how to split the transaction fees while giving merchants the ability to send branded invoices in over 100 different currencies.
How Limepay works:
- Your customer requests to make a payment using their credit or debit card.
- Your server creates new payment at Limepay and sends back a Lime Token to your web front-end.
- Your customer signs the Ethereum transactions.
- The payment is initialised using the Lime Token and the buyer submits their payment information along with the signed transactions.
What are the benefits of Limepay compared to third-party payment providers?
Businesses spend a lot of time on building a reputable brand that will attract customers to their website, so why redirect them to a third-party payment provider?
While it may seem easier to simply accept one of the popular payment systems that are readily available to retailers, it may not cover all the features that your customers want or fit with the way you conduct sales.
One of the major disadvantages of using a third-party payment processor is that transaction fees are generally very high and without following the company branding, they may make your business appear less professional and discourage the customer from following through with the payment.
Limepay keeps the customer on your website and allows merchants to keep their transactions in line with their company’s branding.
Let’s take a look at some of the main advantages of using Limepay:
Limepay puts your brand above all by taking care of the backend integration and allowing your business’ branding to shine through.
We can safely say that Limepay is one of the most flexible invoicing options available to Australian customers in terms of accepted currencies, payment options and customisation features.
Many business owners think that online payments are risky and unsafe. That’s simply not true. The extensive safety features of Limepay prove for once and for all that online payment systems are a safe alternative to cash.
While merchants are usually responsible for ensuring payments are received on time, Limepay takes care of missed payments and customer queries. If a payment is missed, Limepay charges them $5, with the late fee capped at $10.
Limepay also allows you to choose whether or not you would like your clients to cover or split the transaction fees when sending invoices. For added convenience, you can create a custom branded PayMe page so your clients can make the payment without having to receive an invoice.
Jezweb is already working with Limepay
From building websites and providing optimised content, to improving the way businesses operate — our clients’ success has always been our main priority. So when Lovell’s Towtech approached us for a reliable payment system, we wanted to step up their game with an innovative payment solution that would appeal to their customer base.
Lovell’s Towtech has been producing quality suspension components, accessories and suspension systems for trailer, campers and caravans in New South Wales for over 90 years and conduct their sales through an integrated store on their website.
They needed a seamless payment system for their customers that didn’t feel like the payment process was an annoyance, but rather an easy step in completing the transaction.
Most payment systems redirect customers away from the online store to an external page for completing the payment. For many customers, this move is disorienting and may cause them to abandon the purchase.
We wanted to find a user-friendly payment service to suit the needs of Towtech’s customer base and after considering the usual digital wallets such as Paypal and Afterpay, we found Limepay to be the most fitting for their store and customers.
Overall, Limepay is a good all-rounder with an abundance of features that other payment systems are lacking. If you are interested in using Limepay you can enquire at firstname.lastname@example.org, or call 02 4951 5267 to discuss whether Limepay’s payment system is the right fit for your business.