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The cloud based, PCI-compliant platform has already directly helped over 500 dealers nationwide

LONG BRANCH, N.J., Aug. 02, 2022 (GLOBE NEWSWIRE) — Green Payments, a credit card processing and point of sale disrupter, today announces its new Dealer Genie program, which gives automotive dealer merchants complete control over their internal processing while creating a seamless experience for their customers. Inspired by the gap in consumer payment acceptance and automotive dealer standards, the new processing program uses direct feedback from clients to offer a new level of customization for the unique market.

Unlike many other retail enterprises, automotive companies often require multiple touchpoints with a customer before securing a sale, and most payment processing companies are limited in their customization to handle the specific multidepartment transactions over one or more visits. Dealer Genie is built on a proprietary payment solution with a cloud-based, PCI-compliant platform that allows both corporate controllers and office managers the ability to fully customize the point of sale and reporting processes for each individual department in their dealership. Important information, such as RO number, stock number, employee ID number and more, can all be added to checkout screens and included on their daily batch reports for easy tracking.

“Many of our sales representatives have worked in the automotive industry before, which was a huge help in the early stages of Dealer Genie’s development,” said Green Payments CEO and Founder Cliff Green. “We listened to clients and our salespeople to create a white-glove, completely custom ecosystem where automotive merchants who require a seamless process have complete control over every step of the process, internally and externally.”

On the customer-facing side, Green Payments continues to utilize feedback and payment trends to shape updates for Dealer Genie to better fit the needs of their clients while ensuring secure transactions. The system allows the option to pay via contactless payment options, such as Apple Pay, and minimizes waste through electronic receipt signing and emailed copies of their transaction. With an organized digital footprint, both client and dealer can quickly recall important documents at the click of a button.

“So many of our routine headaches switching from one department’s tracking numbers to another on the backend have disappeared thanks to Dealer Genie’s tracking system,” says Debra Riggione, Manager of Cortese Auto Group. “The time it takes to receipt transactions into our DMS has been cut in half by capturing and organizing of our RO, VIN and employee numbers all at the time of sale, resulting in better customer satisfaction through quicker, easier visits.”

First founded in 2014, Green Payments has helped nearly 200 merchants per month build their financial stability while generating more than $1 billion in consumer payments each year. Almost a decade after its inception, Green Payments has helped over 10,000 businesses save money on their credit card processing fees by helping to eliminate the 2-3% processing fee through programs like their Swipe-Less system. Green Payments is on pace to have over 1,000 auto dealers using their Dealer Genie platform by 2025.

For more information on Dealer Genie and Green Payments’ offerings, visit greenpayments.io.

About Green Payments
Green Payments is a payments technology company delivering innovative software and services to customers nationwide. Green Payments’ technologies, services and employee expertise enable businesses large and small to operate their businesses more efficiently through a broad range of solutions to minimize overreaching credit card fees for building a healthier economy. Since 2019, Green Payments has established itself as a leader in the payments industry with the focus of customer service at its core, providing 24/7 assistance and continued checkups throughout the length of the contract. Visit greenpayments.io for more information.

Article: https://www.yahoo.com/now/green-payments-launches-dealer-genie-130000833.html

Many small businesses have adopted electronic payments only for specific needs, leading Capital One and the fintech Melio to build a rail that attempts to cover all B2B transactions.

“A restaurant may support digital payments and use digital cards for its expenses, but when it needs to pay a small coffee bean supplier, that payment still has to be made with a check,” said Matan Bar, co-founder and CEO of Melio, which provides a B2B payments platform for small businesses.

Capital One Business has partnered with Melio, enabling small-business cardholders to pay vendors and suppliers with a credit card — even if the supplier does not accept credit cards. In such a case, the business pays the bill with a credit card, while Capital One sends a check or transfer to the vendor. The process echoes the early days of consumer online bill pay, when payment providers would mail paper checks to any recipient that hadn’t signed up to receive funds electronically.

The collaboration comes as banks and payment companies are struggling to make digital business payments ubiquitous, with trends suggesting a demand for more automation among small merchants despite their reluctance to switch away from paper-based transactions. 

Banks and technology companies have spent years flooding the market with tools to automate payments, but a lot of B2B transactions are still conducted using older methods. About two-thirds of the $120 trillion in B2B payments globally were made via check and cash in 2021, according to YCombinator.

At the same time, a recent Capital One survey of 400 financial and technology decision makers at companies with yearly revenue of $20 million to $500 million found that the pandemic accelerated tech deployments.

Sixty-three percent of respondents plan to improve the customer experience, 60% hope to automate operations, 58% are looking to digitize payments and 56% hope to streamline supply chains and logistics, according to the survey.

The problem is the adoption of B2B payments is not widespread enough to create a proper network effect. Only some of the partners that a small business engages with are willing to embrace digital payments, according to Bar.

“There are companies that do a fantastic job of helping businesses get paid online by consumers, but there’s a lot of vendors that don’t take cards or digital pay,” Bar said. 

To use the Capital One service, small businesses connect their Capital One cards and add information for vendor payees. The business then takes a photo of an invoice and uploads the file to Capital One, or connects the bank to Quickbooks. 

The partnership expands on an earlier collaboration between Capital One and Melio to support access to accounts payable management tools for small businesses. Capital One Ventures is also an investor in Melio. 

“It’s another step in a journey for small businesses toward digitizing payments that got started during the early part of the pandemic,” said Rebecca Silver, vice president of the small-business card group at Capital One. 

Capital One hopes the collaboration will boost the use of cards in general, with an initial increase from the businesses that are already cardholders, since the product includes card perks, even though the payee is technically getting a check. 

“The businesses can take advantage of the float, earn rewards and manage the billing cycle,” Silver said, adding Capital One has also integrated with SAP Software Solutions to automate expense reports, vendor invoices and payment records as part of a small-business bundle. 

With high inflation and lingering supply-chain delays that have stemmed from the pandemic, there’s a need for flexibility in how and when small businesses both bill and make payments, Melio’s Bar said of anticipated demand. A client in the wine business recently had to increase prices by 25% because there is a shortage of wine bottles, Bar said.

One of the best ways to improve working capital effectiveness is to digitize financial operations, either in certain disciplines or across the organization, said Steve Murphy, director of enterprise payments at Mercator Advisory Group.

Small businesses have generally been mired in manual processes and can benefit from using better tools for payables and receivables, according to Murphy. In the case of Capital One and Melio, one of the flexible tools is allowing businesses to use their card as a credit source to pay a supplier that does not accept cards, with the “flipping” happening in the background and in a way that satisfies both parties, Murphy said.

The twin stresses of supply-chain backups and inflation are leading more financial companies to introduce products designed to increase payment automation among small businesses. Mastercard, for example, has introduced Mastercard Track Instant Pay, which uses machine learning to approve invoices, which can reduce payment cycle times from 30 days to a single day. That product stacks on top of the Mastercard Track Business Payment Service, which is designed to help relieve cash flow problems stemming from the supply-chain crisis.

Goldman Sachs Transaction Banking (TxB) recently started a partnership with the Interface Financial Group, a technology firm that supplies supply-chain financing, to make it easier for businesses to digitally pay multiple vendors simultaneously. Goldman Sachs is using an application programming interface to allow businesses to connect to suppliers without having to manually establish relationships with each supplier. 

“Businesses are getting squeezed,” said Ben Ross, chief operating officer of Green Payments, which provides customer-facing and B2B payments for small businesses. “Everything has added costs now.” 

Green Payments matches consumer payment data with inventory levels to inform when the business should place orders and send payments to vendors. 

“Having a system like this in place helps avoid the issue where businesses run short of products and don’t have adequate supply to sell,” Ross said.

Article: https://www.americanbanker.com/payments/news/capital-one-is-pushing-through-the-inertia-of-b2b-payment-automation

When it comes to electronic payment acceptance every industry is unique. The problems a restaurant or retail store might face are vastly different from those an automotive dealer will encounter. Unfortunately for auto dealers, most payment processors in the United States have yet to distinguish between the needs of their clients across different industries.

This simple fact was all it took for Green Payments to see the gap in consumer payment acceptance and automotive dealer standards. Knowing auto dealers pride themselves on high-level customer service and a smooth buying experience, Green Payments developed their innovative dealer payment platform; Dealer Genie.

Dealer Genie is built on a proprietary payment solution specifically for the automotive industry and has directly helped over 500 dealers nationwide. This cloud based, PCI compliant platform allows corporate controllers and office managers the ability to fully customize the check out and reporting processes for each individual department in their dealership. Important information such as RO number, stock number, employee ID number and more can all be added to check out screens and included on their daily batch reports. Dealer Genie also enables customers to pay via contactless payment options such as Apple Pay and keep their payment experience paperless by signing electronically for their receipt and receiving a copy of their transaction via email.

Since 2014, Green Payments has established itself as a leader in the payment space. Their team, supported by over 100 sales and support representatives in the United States, have a strong background and experience in the automotive industry. With positions ranging from former automotive salespeople, service managers, and office managers their team is comprised of auto enthusiasts who have first hand knowledge of their client’s business.

In the words of their CEO, Cliff Green, “When working with Green Payments, auto dealers are gaining a true partner in their business. Too often, payment processors are simply providing a processing rate and the ability to accept payments from their customers. If dealers are expected to give up 2-3% of their gross credit card sales each year to payment card associations, we at Green Payments feel they should expect MUCH more.”

While the company has maintained steady growth over the last few years, they remain focused on growing their automotive payment platform into a full-stack automotive solution providing dealers with a completely integrated payment and dealer management system. Green Payments is on pace to have over 1,000 auto dealers using their platform by 2025.

In their commitment to easing the troubles auto dealers face and driving innovative change in the industry, Green Payments is pushing for a more robust relationship between dealers and fintech companies.

Article: https://nyweekly.com/business/dealer-genie-revolutionizing-payment-acceptance-for-the-automotive-industry/

In this day and age, cashless transactions have become the norm. Gone are the days when cash-only payments were the only acceptable form of payment for most businesses, big or small. However, some businesses that are still trying to gain their footing in the industry don’t have the same liberties and luxuries as those that have already established themselves. Luckily, Green Payments is here to provide a sustainable solution to this particular issue that plagues businesses all over the world.

Founder and CEO Cliff Green established Green Payments in 2014 when he was still 21 years old. Almost a decade after its inception, the massively successful brand has helped over 10,000 businesses save money on their credit card processing fees, helping over 100 salespeople generate six-figure incomes working straight out of their own phones.

In 2020 alone, when the effects of the global pandemic were at an all-time high, Green Payments managed to keep people afloat, helping hundreds of individuals earn a six-figure income despite the grave economic situation. It’s an impressive feat for sure—one that’s further highlighted by Cliff Green’s dedication to help people who come from traditional industries such as real estate, mortgages, and insurance.

Green Payments helps the everyday man build their own business and generate extra income. “We give our sales partners the ability to boost their current income tenfold by helping small business owners save money, allowing them to do it from their phones,” said Cliff Green.

Small- and medium-sized businesses will greatly benefit from all the services that Green Payments provides. “We allow highly motivated salespeople to leverage their networks and work right from their phones,” added Cliff.

It’s been proven that credit cards and cashless payments help make the purchasing experience convenient for customers. However, the downside is that it comes at a high cost to the business owner, with a rate of around 2-4 percent. Through Green Payments, salespeople are able to help their friends, family, and other members of their network save money overnight through an essential service that generates a passive residual income stream.

Green Payments offers a diverse range of services such as Terminals, Online Gateways, Point of Sale Systems (POS), and High-Risk Merchant Accounts. Each service is tailor-fitted for each of their clients, allowing them to provide their high-quality services to a wide customer base.

“I started Green Payments with the idea of building a company centered around products and services that help others,” explained Cliff Green. “At Green Payments, we make it possible for business owners to accept credit cards as a form of payment from their customers and to do it at a realistic cost. In today’s world, cash-only businesses are a thing of the past,” he added.

From traditional credit cards to mobile wallets such as Apple Pay, there are so many technological developments involving alternative payment options. Cryptocurrencies are also on the rise, which means that business owners need to constantly be adopting new payment acceptance technologies to meet their customers’ needs.

Green Payments allows sales professionals to enter an industry where their commissions are uncapped, and their sales territory covers the entire United States. In the near future, Cliff Green envisions himself and his company helping 1,000+ entrepreneurs reach their goals while also helping small businesses grow and succeed. The momentum is certainly there, and with how things are going now, it’s only a matter of time before Green Payments achieves its goal.

Article: https://ca.style.yahoo.com/green-payments-helping-entrepreneurs-succeed-133325247.html

Jun 28, 2021 (AB Digital via COMTEX) — Credit card transactions make up the majority of the payments that businesses receive from their customers, and Green Payments is stepping in to help. Established in 2014 by Cliff Green, who also serves as the company’s CEO, Green Payments is a leading payments technology company delivering innovative software and services to customers all over the United States.

Credit card transactions make up the majority of the payments that businesses receive from their customers, and Green Payments is stepping in to help. Established in 2014 by Cliff Green, who also serves as the company’s CEO, Green Payments is a leading payments technology company delivering innovative software and services to customers all over the United States.

Last year, Green Payments introduced their “Swipe-less” program, which completely removes credit card processing fees for business owners and rewards their customers for paying with cash. Credit card processing companies can charge on average between 2% and 4% in processing fees, and at a time where every dollar counts, Green Payments is helping business owners take control.

Cliff Green established the company to make payment processing simple and accessible to small and large businesses and, with that, create real relationships between businesses and their payment processor. “Having an accessible payment processor was a real issue for most small business owners when the pandemic hit. Overnight businesses were forced to implement safer payment options like contactless payments or take their business completely online using e-commerce shopping carts and online order systems. With Green Payments, all of our clients are assigned a designated client representative to build a relationship with. So when an issue arises, or they need a question answered fast, they are calling their representative directly for help,” Cliff explained.

Green Payments entered the payments space with customer service at the core of its value offering, and so far, it has delivered on that promise. The company prides itself on offering the most competitive rates in the payments industry and a team of US-based client service specialists assigned to every business that signs up with Green Payments. Even though the company’s services are nationwide, it sweeps through the country with local support.

Cliff sees Green Payments growing into a leader in the payment processing space by rolling out innovative industry-specific software and services to solve industry-specific problems small businesses face. As the business world continues to evolve, Cliff Green is positioning Green Payments to play a significant role in helping businesses increase their bottom line.

Green Payment is one of the few companies that put its customers’ interests first and ensure its services aim to solve customers’ problems and keep them satisfied. Green Payments offers simplicity, security and solutions. “Our merchants spend more time investing in their business and less time worrying about payment solutions and training employees on payment processing devices. From payment processing terminals to e-commerce solutions and complete point of sale systems, Green Payments strives to offer only the best solutions backed by high-quality customer service,” Cliff said. The solutions offered by Green Payments are worth watching as businesses continue to seek cost-effective payment methods.

Article: https://markets.financialcontent.com/fourptsmedia.kutv/news/read/41517920

The recent rise of cannabis-based products has pushed the CBD industry into a golden age of business. But with the rising demand also comes the increasing need for more structure in business, especially around payment solutions. Green Payments has been answering that need by providing a payment solution that caters to CBD businesses and other small- and medium-sized enterprises in the country.

Green Payments is a leading fintech company that brings an innovative approach to payment and point of sales for small businesses all over the United States.
“Our technologies, services, and employee expertise enable us to provide a broad range of solutions that allow our customers to operate their businesses more efficiently and at a lower cost,” explained company founder and CEO Cliff Green.

To date, the company serves over 10,000 clients and has grown a strong base of CBD clients for the last year or so.

The payment solutions provider came to life back in 2014 and has established authority in the payments industry over the past several years. Green Payments places a significant focus on customer service, seeking always to level up their client’s experience and consequently their level of satisfaction over the product’s capabilities and features.

The company’s mission is to become the leading merchant for payments and empower their merchants by helping them grow their business and increase their bottom line. Many companies have recently felt the debilitating effects of an economic crunch, emphasizing the power of cash flow. Seeing the need for solutions to improve the way small businesses pick up payments from clients, Green Payments has ramped up its efforts to provide entrepreneurs and their customers with a seamless payment experience that offers the potential for a more significant uptick in transactions.

Recently, Green Payments has built a reputation for being the go-to payment processor for entrepreneurs and companies in the CBD space. The fintech firm currently serves thousands of CBD wholesalers and retailers all over the nation. Its point-of-sales system is one of the service’s linchpins, as it provides an infrastructure that helps CBD businesses and smoke shops connect their retail and online stores all in one integrated dashboard.

Through Green Payments, CBD businesses can take online and in-store payments through credit cards, expanding their customers’ options and providing more sales in the process. What sets the CBD-driven solution is that it helps the business owner set up their payment processing accounts faster. The company’s fees are also some of the most competitive, allowing their merchants to operate their business without the anxiety of paying exorbitant processing fees.

Since most members of the marijuana-related business sector have the unique problem of not being able to open a traditional business banking account, Green Payments looks to give enterprises in this emerging market an alternative to conservative banking. It hopes to empower entrepreneurs all over the nation with a technological solution that makes doing business far easier.

Green Payments looks to be the premier point of sales provider of the CBD industry and the rest of the small-business market in the coming years.

Article: https://nicole-guerrero.medium.com/green-payments-revolutionizing-cbd-market-with-innovative-payment-solution-3ed8fc9116b9

If you are operating a new startup business, you know that every coin matters. However, there are several expenses that you might incur, such as paying suppliers and other running costs. Therefore, to successfully run a startup, you need to identify these cost areas and manage them accordingly. Here are places where your new startup can save money.

Cut Down the Vendor Fees

If you are involved in a business that generates products to sell, you will need to source for suppliers. Therefore, conduct thorough research and settle on a supplier you find affordable. Compare what they have to offer with your needs, and assess their prices to see if your business can save money. Once you have identified a reliable and affordable supplier, establish a partnership with them. It is very important that you cut down the vendor fees to save some money. This not only means buying supplies at a cheaper price but also cutting costs from payment platforms.

You can opt to use a payment processing company like GreenPayments.io, which does not charge typical fees. The CEO of Green Payments, Cliff Green, offers this advice to new startups. “Make sure to build a relationship with the payment processor you choose. Get to know them and have them get to know you. You want to ensure they fully understand your business and classify it correctly with Visa and MasterCard. Fees vary from business to business and misclassification can cost you. In addition, check to see if you qualify for a cash discount program. A cash discount program rewards your customer base for paying with cash and can effectively remove your credit card processing fees.”

Finding the best way to deal with suppliers can help save you money. The important thing is to find a reliable supplier that can cut some costs for you. Some suppliers might grant you a line of credit after you have worked with them for a long period. Like a credit card, a line of credit allows you to pay for goods at the end of a period you have purchased them.

Go for Used Equipment

When starting your new business venture, resources such as cash can be hard to come by. Therefore, you need to find ways to acquire the equipment you need to run your business at cheaper costs. When looking for equipment, you should consider the second-hand market. Most new businesses close down due to various reasons, and you can capitalize on their setbacks and acquire their equipment.

You can also look for used equipment in auction sites where they host auctions to sell used industrial items that your business can need. In most cases, these auction sites post videos and pictures of items in the auction; you can easily tell their condition. Getting good quality second-hand equipment will go a long way in helping your startup business save money.

Use Bartering

This is a method you can use to acquire something you need. Bartering between customers and business owners can be a very useful technique. As a small business, this might not be a good method to use upfront unless you have some assets, but once established, you can swap unused equipment or services with a similar business that needs it.

Get Discounts

You can save money by choosing to buy items in bulk. When negotiating with your suppliers, determine whether they offer discounts when you make bulk buys. In most cases, suppliers will be willing to work with you and negotiate terms of purchase. You can take advantage of this and get the items at a discounted price. If a supplier is unwilling to offer discounts, you can always find another. Besides, you shouldn’t limit yourself to local suppliers. As much as using a local supplier is good for the local economy, you can get other suppliers willing to offer discounts on shipping and bulk buys. This will end up costing you less than local suppliers. You will save a good amount of money for your startup business in the long run.

Incremental Increases

It would help if you started your small, then gradually established yourself to increase goals and grow your customer base. Once your business is established and operating well, you can spend more on expenses. After reaching such heights, you can address new hires or equipment upgrades. You might also want to expand your business or look into changes like new products and services. An incremental increase is a factor that allows you to assess the effectiveness of each step before investing in the next one. Making smaller steps will also prevent huge losses if the changes don’t work out.

Outsource

Sometimes, you might not find the skills you need for your business locally. If you find yourself in such a situation, you should consider outsourcing. This is the act of paying a person to complete tasks for you. This is a cheaper alternative compared to hiring a new employee. Given that you are still a small business, you can’t afford to spend more money on employees.

Finally

There are several ways for you to save money as a startup business. This article has pointed out some of the most reliable methods. Now that you know some of them, it is upon you to start saving!

Article: https://fintechzoom.com/fintech_news_hot-topic/places-where-your-new-startup-can-save-money/