Viewpost has been a Business to Business Network, until now.
Consumer Payments is for:
- Property Managers, Schools, Lawn Care Businesses etc. needing to invoice individuals and receive payments.
Do Consumers need a Viewpost account?
- No. This functionality was designed to streamline the payment process. The individual will receive the invoice, select they are a Consumer and connect their bank account for payment (or credit card if that feature is enabled).
What are the Fees?
- Fees for sending and receiving Consumer Payments are different than transacting with businesses. For an explicit list of fees, navigate to your fees page.
How to get started?
- Contact Viewpost Support here and ask to be enabled for Consumer payments. This function is only enabled on accounts that primarily transact with consumers.
Once Viewpost has enabled this functionality on your account, you will create Viewpost invoices as normal.
The difference in process will occur when the consumer receives the invoice.
Consumers will receive an invoice where they will select they are a person paying an invoice.
The option will appear to pay the invoice right then by selecting a bank account.
There will be an option to 'create a password' to make paying easy next time without having to create a Viewpost account.
It is that easy.
How does a Business set up to receive Consumer Payments? Contact Viewpost Support here.
A Business enabled to receive Consumer Payments will go through the short steps listed below.
2. How it Works
3. A Pricing Calculator to estimated savings
You are all set!
To view Fees associated with Consumer Payments, select the Fees Tab.
Consumer Payment Fees Listed Below:
Marginal Fee Example — If you received $30,000 in electronic payments from consumer customers within one month, the associated fees will total $300 and are calculated like this: ($5,000 x 2%) + ($15,000 x 1%) + ($10,000 x 0.5%) = $300.
Consumers - A $3 transaction fee when they make payment via Viewpost. This fee can be eliminated on future transactions if the consumer customer creates a payment password and uses it when making subsequent payments. You may elect to pay this fee on behalf of your customers.
Click here for a video on Consumer Payments.
Click here for fees.