Zoho Corporation, a global technology company, launched Zoho Payments, a unified payment solution that helps businesses collect payments online using multiple payment methods like cards and ACH.
The solution offers native payments capabilities within Zoho, enabling businesses to “manage payments directly within their existing financial workflows.”
Raju Vegesna from Zoho said:
“As digital payments become the default preference for everything from online purchases to subscription services, businesses need a payment solution that not only offers flexibility, but is also tightly connected to their financial operations. Zoho Payments closes this gap by natively connecting with our ecosystem, enabling seamless collections across different use cases. Our solution provides businesses with better authorization rates, strong risk management, automated reconciliation, and helps minimize losses from fraud and chargebacks, delivering real operational value as payment volumes grow.”
With studies showing that nearly 87% of transactions now cashless and 81% of U.S. consumers preferring to pay by card, businesses “need payment systems that can keep pace.”
Relying on disconnected tools often “leads to delays, errors in reconciliation, and disrupted financial workflows.”
Zoho Payments addresses this gap by “offering a secure, deeply connected alternative, allowing businesses to centralize their payment operations.”
Zoho Payments helps businesses “accept card payments in over 135 currencies and ACH payments for transactions within the U.S.”
The payment solution works out-of-the-box with Zoho’s apps “from finance and operations, sales and marketing, low-code, and collaboration platforms. Businesses can also connect to any third-party systems via APIs to collect payments.”
Payments can be accepted through various connected workflows, “such as sending invoices or payment links to customers, creating hosted payment pages for one-time or recurring payments, or collecting payments via an e-commerce store.”
This level of flexibility allows businesses to “offer seamless payment experiences to their customers while benefiting from faster settlements and customized payout scheduling.”
Zoho Payments is “PCI DSS Level 1 compliant.”
The application offers significant advantages that “strengthen financial processes and operational efficiency.”
It reportedly helps businesses “improve their payments success rates, boosting top-line revenue, while fraud protection reduces chargebacks, positively impacting their bottom-line performance.”
With automated reconciliation, finance teams “can reduce the amount of time spent on manual tasks and avoid any resulting errors.”
The platform is scalable, providing the reliability “that businesses need as their transaction volumes grow.”
Moreover, businesses can get better visibility “on their payment transactions, payouts, refunds, payment failures, and account summaries, creating insights into cash flow, payment trends, and operational bottlenecks.”
