Simplify Payments and Reduce Costs with The Right Payment Solution
Most digital payment solutions lack the ability to integrate with your operating systems and work together.
REPAY’s advanced payment technology seamlessly integrates with your existing dealer management system (DMS) to accelerate the movement of both inbound and outbound payments. From dealers to auto lenders, REPAY makes your job easier while increasing on-time payments and reducing operating costs.
All-in-One Platform Powers All Payments
With REPAY, you can accept loan and down payments and automate outbound vendor payments using one integrated platform. With a streamlined system that gives you the efficiency you need and the control you want, you can focus on moving inventory, delighting customers and optimizing productivity.
Offer omni-channel solutions: mobile, online, phone and text
Automate outbound vendor payments
Accept credit or debit cards, ACH, checks, eCash and digital wallets
Access realtime reporting and reconciliation dashboards
Offering payment convenience doesn’t have to be complicated or expensive. Speed up the time to revenue and increase on-time payments by providing a seamless, omni-channel payment experience for your borrowers.
Offer self-serve payment options to allow customers to pay their preferred way 24/7 without assistance from a live agent or support representative
Access robust reporting for increased visibility and simplified reconciliation
Simplify PCI compliance with tokenized card data and enhanced security
Our solutions put you in the driver’s seat of determining how and when you pay vendors and suppliers. Integrated with your DMS, simplify accounts payable and improve vendor relations with automated payments and a dedicated vendor enrollment team.
Eliminate paper checks and electronically pay vendors using virtual cards, credit cards, ACH and enhanced ACH
Utilize a straightforward payment validation process and easily manage payment exceptions
Ensure on-time payments and avoid late payment fees
Earn virtual card rebates to increase your bottom line
Streamline the way you manage accounts payable and receivable with a single payment system that integrates easily with your DMS. Our technology makes the transition straightforward for you and your employees, requiring little training and optimizing workflows almost immediately.
No time-consuming file imports
Detailed transaction data automatically posts back to your DMS and reduces manual data entry
24/7 live support from dedicated specialists
Realtime payment tracking increases visibility and improves exception management
See how our payment experts worked with a dealership chain to put almost $20,000 into their budget and save over 70 hours of manual labor with automation.
Dedicated Vendor Enrollment Team for AP Automation
You won’t break a sweat when it comes to onboarding your vendors. Our team contacts each vendor to verify their payment preference and set up your ability to pay them automatically. Since REPAY is integrated into your existing operating systems, you can easily approve payments and track them in real time.
- Quick, effortless vendor onboarding
- Live setup within a week
- Substantial vendor network
- Multiple enrollment techniques maximize electronic payments
Self-Serve Payment Technology for Borrowers
Increase on-time payments and improve the borrower experience by supporting how borrowers prefer to pay.
- Online portals and mobile apps make it easy for borrowers to access account information and make payments
- Accept one-time and recurring payments via debit card, credit card or ACH
- Payment methods can be saved so borrowers can quickly make additional payments
Instant Funding – Lending at Mach Speed
Fund your borrowers faster to give them quicker access to much-needed funds. Instant Funding immediately pushes funds to your customers’ debit and prepaid cards, eliminating the delays and security concerns associated with paper checks.
- Increase your business volume up to 25%
- Improve the borrower experience
- Validate, tokenize and store card information to streamline future disbursements
eCash streamlines payment acceptance, enabling customers to pay their loans or bills using cash at any of the thousands of participating payment locations, including major convenience stores, dollar stores and pharmacies.
- Simplify reconciliation through electronic settlement
- Eliminate cost of cash management
- Lower declines with guaranteed transactions
- Added security with no shared personal data
Always-available Customer Service
U.S.-based and available 24/7/365, our dedicated customer service team can assist you with every aspect of REPAY’s payment processing program.
- Payment professionals assist with transactions, deposits, chargebacks, risk mitigation and billing
- Outbound calling assistance when you need to gather vendor data or follow up on payments
- Expert advice on developing, printing and sending customized documents and communications
- PCI specialists provide guidance to help you maintain compliance
Benefit from Faster, More Secure Payments
Digital payment technology evolves every day, and REPAY has the resources and expertise to keep you ahead of the changes. Rely on REPAY to simplify payments and manage the platform integrations for improved cash flow, streamlined internal processes and increased customer and vendor satisfaction.
LEARN MORE ON THE BLOG
Are you using payment technology to manage your loan portfolio effectively? A 2019 Experian study shows auto loan debt is at a record high. As an auto lender, your first thought might be, “Well, of course. Cars are more expensive, and more people finance them now.”
Customer demands and preferences are constantly changing. They value convenience and speed during the payment experience in today's fast-paced environment. As a business owner, it's essential to provide payment options that satisfy their wants and needs. Offering multiple payment options can expand your customer base while enhancing the customer experience.
It might (or might not) surprise you that many B2B businesses are still using outdated payment methods like paper checks for their accounts payable (AP) processes. In fact, according to a study from PYMNTS, “25% of B2B payments are made via paper checks.”