The Green Sheet Online Edition

April 4, 2014 • 14:04:02

Mobility for contractors, service pros

NetSecure Payments Inc. recently introduced TradeRoute, a payment acceptance service designed to accelerate cash flow for contractors and service professionals, a business model in which service before payment is often the culprit for cash flow issues.

"Everyone knows that one of the most painful and time consuming aspects of running a successful service business is collecting payment," said Daniel McCann, Chief Executive Officer at NetSecure. "TradeRoute promises to dramatically reduce the time spent chasing receivables, so business owners can focus more on growing their business and less on managing cash flow."

To meet contactor needs, multiple payment options were incorporated into TradeRoute to expedite payment processes, the company noted. For advance payment, customers can execute a prepayment or deposit directly online through the contractor's branded payment page. Service professionals may also invoice and receive payment online, with preset auto-email reminders for delinquent accounts. For ongoing service contract obligations, recurring billing is an option.

TradeRoute is also compatible with smartphone and tablet devices already in use by service professionals, which eliminates the need for additional hardware, NetSecure noted. TradeRoute supports iOS, Android, Windows, and BlackBerry environments for smartphone, tablet and laptop payment applications.

Additional features of TradeRoute include:

• Credit, debit and gift card payment acceptance at competitive rates
• Card swipe device available to process card-present mobile payments
• Snapshot capability on mobile phone for capture and deposit of checks
• Electronic receipts automatically issued to clients via email
• Client email address capture for follow-up once work is complete

TradeRoute offers a private-label program and software development kit, making it possible for third parties to integrate the system into existing websites and software programs, NetSecure pointed out. TradeRoute integrates with most accounting software packages, including QuickBooks, Freshbooks, Xero, Trimble and Jonas. Transactions can be exported into Excel or CSV formats as well. According to NetSecure, transactions are completely secure and encrypted, so employees can safely collect payments while out in the field, and check payments are also fully guaranteed.

Company: NetSecure Payments Inc. Product: TradeRoute Website: www.traderoute.me

Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.

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