HitPay Features

Ability to accept coupons, discounts, promotions, and gift cards.

Ability to charge customers on a recurring basis for subscription-based purchases

Customer data is securely stored so there is no need to repeatedly enter data for multiple purchases

Ability to accept different types of credit and debit cards

Ability to accept and process eChecks and ACH payments as a form of payment

Ability to split payments between merchant and sellers

Supports real time payments

Allows users to process payments in multiple currencies.

Provides an online portal where customers can make payments.

Access pre-built and custom reports and dashboards.

Grant access to select data, features, objects, etc. based on the users, user role, groups, etc.

Turnaround time for money to be transferred to the merchant's bank account

Web form that the merchant can use to enter credit card payments manually (from over the phone, mail, etc) and issue returns or void previous transactions

The process for handling chargebacks and disputes with the payment gateway.

Process payments from multiple channels such as ACH, mobile, or e-commerce.

Supports levels 1 and 2 for credit card payment processing.

Supports level 3 credit card processing which requires additional data for qualification.

Tracks inventory in real time as purchases are made so users are aware of the need to restock.

Schedules employees, tracks productivity, and allows for multiple user profiles.

Provides users with reporting on key data such as sales, inventory, revenue, and more.

Connects with an online store to either track inventory sold online or process online payments.

Ensures that the service is building and maintaining a secure network; protecting cardholder data; maintaining a vulnerability management program; implementing strong access control measures; regularly monitoring and testing networks; and maintaining an information security policy

Fraud protection filters such as high risk countries, email service provider risk, high risk BIN, account number velocity, high item number, shipping/billing mismatch, AVS failure, CSC failure, and others

Sensitive data (personal info, CC info, etc) is replaced with non-sensitive equivalent, aka a Token. The tokens act as a reference that maps back to the sensitive data through a tokenization system.

An additional layer of security to prevent fraudulent activity (such as creating an account and verifying an email address and cell phone number)

Support cardholder verification methods for POS transactions.

Allows developers to customize payment form to accommodate their unique processes.

Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc with other software applications.

Provides standard integration with merchant's accounting software

Provides standard integration with merchant's e-commerce software

Payment gateway is consistently available (up-time) and allows users to complete tasks quickly because they are not waiting for the gateway to respond to an action they took. System scales with load.

The gateway supports multiple currencies and languages to enable business from customers in multiple countries

The payment gateway is supported in the country in which the merchant operates

Application Programming Interface—Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc. with other software applications.

Complies with payment card industry (PCI) regulations

Supports EMV chip card and Near Field Communications (NFC) technologies

Provide integration with accounting software and ERP systems.

Provide integration with B2B and B2C e-commerce platforms

Processes credit card payments either within the platform or using an outside processing company.

Allows users to scan barcodes to obtain pricing and item information when checking out a customer.

Allows users to connect the software with outside hardware such as cash drawers, credit card readers, barcode scanners, and more.

Applies adjustments such as bulk discounts, sale discounts, buy one get one free or other offers to item prices during checkout.

Provides receipts to customers after their purchase by printing them, sending them via SMS or email, or provides the ability to refuse a receipt.

Provides customers with discounts or other rewards for being frequent patrons or attacts lapsed customers back with deals or coupons.

Uses email to send marketing material to customers such as coupons, special offers, and more.

Automated Clearing House (ACH) is an electronic network that processes large volumes of financial transactions, including B2B payments.

Corporate debit and credit cards used specifically for B2B payments

Electronic fund transfers between entities

Payments can be processed by batch without manual intervention

Ability to schedule payments at predefined dates and times

Workflows to manage every stage of the payment process

Self-service portals and mobile apps to submit invoices for processing

Match invoices, payments, and bank statement information

Clearing of electronic payments to transfer funds from customers to suppliers

Track each stage of the payment process and manage payments history

Comply with information security standards for credit card processing

Point-to-point encryption to convert sensitive financial information into indecipherable code

Features to protect companies from attempts to steal sensitive information like credit card details

Secure Sockets Layer is the standard security protocol for encryption of electronic data

Comply with the Sarbanes-Oxley Act (SOX) to protect companies and the public from accounting erros and fraud

Ensure compliance with Association of International Certified Professional Accountants standards for cloud vendors SOC1 and SOC 2

The software can be integrated with any other products

Reports are generated using financial data from multiple sources

The vendor provides pugins and APIs that customers can use to create custom integrations

Easily integrate with accounting tools

Easily integrate with e-commerce tools to enable online sales

Allows integration with stores at multiple location

Manages large volumes of invoices and financial transactions between a company and its suppliers

Facilitates the acceptance of electronic payment for online transactions

Features a common interface for in-store, online, and on-the-go set across all acceptance points

Integrate with EDC machine and accept all forms of credit cards

Allow payment via loyalty points as a legal tender

Supports payment from all standard digital wallets

Allows UPI payment integration

Allows payment in the form of meal vouchers, to support varied categories of customers

Enables customers to pay using a gift voucher

Address the masses with denomination-based cash payments

Provides options to customers to pay on installment

Speeds up check-out lines with sales through barcode scanning

Supports printing of bills and sends e-Receipt to customers’ mobile numbers

Supports seamless integration with devices like cash drawer, weighing scale, payment gateways, digital wallets and others

Allows advance order booking for customer convenience

Facilitate easy return and refunds in the form of cash or as a direct transfer to a customer’s wallet

Helps inventory tracking, inventory shrinkage and stock optimization

Notifies when a stock for particular product is running low before it runs out

Organize and filter inventory based on assigned categories (such as by size, style, or color)

Track inventory levels across multiple store locations

Create purchase order and order stock directly from the system

Track sales , inventory by category, cost of goods sold, profit margin etc

Allows visibility into real-time business data and insights remotely

Easily export any report to Excel/CSV, PDF and share a URL

Allow visibility into data from anywhere outside the store

Enable to see what customers buy across channels and offer service tailored to their needs.

Drive loyalty and ensure customers join store's loyalty program

Create customer profiles and offer special discounts as per their purchase history

Keep track of productivity per time period, employees’ ins and outs

Allow new staff up to speed in no time and with intuitive learning modules

Enable automated commission tracking and record sales done by each sales representative

Provides employees with personal accounts to login and assign different sets of permissions to different roles

Provide a tool to schdule employee shift

Allows reaching out to customer support 24/7 through tollfree number

Resolve queries through email and chat support

Allows saving of all pending or solved tickets in the system

Access to one on one session and free webinars to get started with the product

Allows connecting with peers and see how other retailers are using the system

Consolidates data from multiple sources

Gather multiple types of data from various sources

Allow users to update the data to ensure its accuracy and validity

Detect innacurate, incomplete, or duplicate data

Ensure that the data complies with internal quality standards

Monitor store key performance indicators (KPIs) in real-time

Generate forecasts using historical data and market trends

Creates reports and dashboards to analyze retail KPIs and metrics

Uses artificial intelligence (AI) to build forecasting models based on existing data sets

Offer mobile dashboards to view retail KPI in real-time

Support or include dedicated app for iOS and/or Android

Allows integration with marketplace such as Amazon, eBay, Walmart, etc

Easily integrate with POS software to monitor sales and customer data

Allows integration with marketplace such as Amazon, eBay, Walmart, etc

Provides a cloud based version of the platform

Provides an on-premise version of the platform

Allows users to generate text based on a text prompt.

Capability to perform complex tasks without constant human input

Works across multiple software systems or databases

Makes informed choices based on available data and objectives

Capability to perform complex tasks without constant human input

Ability to break down and plan multi-step processes

Works across multiple software systems or databases

Improves performance based on feedback and experience

Engages in human-like conversation for task delegation

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Improves performance based on feedback and experience