Accepting Credit Card Payments – The Workaround
We see it in the forums all the time. Customers need it. Partners want to provide it. But the current options are woefully lacking.
I’m talking about accepting credit card payments in ByDesign.
There are some vendors in the SAP Store that offer integrated credit card payment solutions, but:
1. They have way too high of a number of minimum transactions.
2. They are horribly expensive for what they do
3. They are slow to respond or simply ignore requests from customers to get a quote or to evaluate their product.
So I’m taking a stand, and offering an alternative. After you read this blog, you’ll be enabled to accept credit card payments any time, any place, at a reasonable price. I’ve setup a scenario in the FP 3.5 demo tenant in the Business Center. So here we go:
The Scenario: Judson’s Amazing Coffee
Judson owns a coffee shop, and he runs Business ByDesign. He uses his iPad as a Point of Sale. The items setup in his Point of Sale match the Materials he’s setup in ByDesign.
Materials in ByD:
Judson accepts payments on his iPad using the Square credit card reader. Square charges 2.75% per transaction. That seems kind of high to me, but when you compare this to the pricing models of the partners in the SAP Store, it’s a steal. And the reader itself is free.
At the end of the day, Judson logs into Square’s site, and downloads a summary of his sales into Excel (it was a pretty slow day):
Then, he creates a Customer Invoice in ByDesign with this information:
Lastly, Judson creates a Bank Statement with his sales and Square’s fees:
And we’re done for the day! Now Judson can go home and watch Undercover Boss with his five cats.
The Lesson: Get Creative
ByDesign has made massive strides in the last couple of years, but that doesn’t mean it has everything. You have to get creative sometimes. Here I’ve shown you a simple way to accept credit card payments that is cost effective, easy, and fast. So I don’t want to hear anymore excuses about ByD not accepting credit card payments.
Follow me on Twitter @JudsonOnDemand.
Also, feel free to give me some stars, because I selfishly want to be an SAP Mentor.