Get Invoices Paid Faster With The Credit Card Vault

Last Updated on August 22, 2023 by Labib Ahmad

Clogged cash flow? Tired of chasing your clients?

Are you tired of sending out invoices and reminders to your customers to receive payments? Sometimes you're lucky, and it takes just a reminder, but other times it's repeated calls or even a few strongly worded emails and chats before the client finally writes that check. Meanwhile, the reduced cash flow could jeopardize your ability to do more business. Getting paid on time can be challenging. Read on to see how you can skip the hassle of pestering your customers and get paid on time with the Helcim card vault.

Step 1: accept credit cards

Accepting credit cards is a great way to lessen the friction of getting paid. Most clients are much quicker to provide you with a credit card than they are to write a check or send an e-transfer. One reason many customers prefer to pay via credit card is that they can collect rewards; another is that they can delay their payments and deal with their cash flow needs. And while there is a cost to accepting credit cards, the increased cash flow of getting paid right away can have a hugely positive impact on your business.

So accepting credit cards is a step, but if you're still manually calling your clients for those card numbers with every invoice you send, you're only halfway there.

Step 2: Start using the Helcim card vault

Our Helcim Commerce platform was built with this in mind. Whenever you or your client process a credit card transaction through our platform, we encrypt and store that credit card number for you. Whether your client paid using the online invoice tool, the mobile app, the online store, or just a payment page, their customer profile now features that stored credit card. Even transactions that you process through the Virtual Terminal or the API will have the card tokenized and stored.

Don't worry about security

You have the convenience of quickly charging any card whenever you need it without the need for sensitive credit card information to ever come into contact with your system. You can rest easy knowing we manage all security on our side.

Helcim tokenizes sensitive credit card information. This approach rids you of the responsibility of storing credit card numbers while still granting you the flexibility to access the data whenever necessary. Because Helcim manages your customer card details, being PCI compliant is simple and comes at no cost to you!

Get paid on time

You can now charge stored credit cards whenever your business needs them without having to pester your clients. Next time you invoice your customer, simply let them know that you will bill their card-on-file, and it's done. Having that credit card stored by Helcim means we take on the responsibility of security and compliance, so you don't have to worry about a thing!

FAQs

What is a credit card vault?

A card vault is a payment vault that stores customers' card details. It keeps the data safe until you need to charge a customer for a service or a product. It is usually best for businesses that regularly charge the same customers. A card vault also saves you the trouble of asking your customers for payment. You can just go ahead and charge them!