Most are familiar with Clover’s handheld point-of-sale (POS) devices, like the Clover Flex or Clover Mini, allowing merchants to process payments quickly. Companies of all kinds throughout the nation are harnessing the power of Clover POS to conduct business daily.
Clover has a plethora of different merchant services available to businesses of every type of industry vertical.
What many don’t know, however, is that merchant service providers (MSPs), payment facilitators (PayFacs), and payment service providers (PSPs) can benefit from opting for custom Clover POS integration solutions as well.
Since these organizations are always expanding into other areas related to enhancing the payment transaction experience, integrating with Clover POS is an idyllic solution for MSP clients to take advantage of.
Banks, independent sales organizations (ISOs), point-of-sale (POS) system providers, and payment gateway providers all manage inventory, reporting, and many other operational processes.
What’s great about Clover POS integration is that these third-party organizations could add their clients’ applications to Clover’s centralized app market, making it possible for the MSPs to get a piece of the pie per Clover transaction.
In this article, we’ll take a closer look at how MSPs, PayFacs, and PSPs benefit from Clover POS integration solutions.
Businesses worldwide leverage Clover’s distinct and convenient combination of software and hardware to close a sale.
Also, Clover is a cloud-based POS system, so it allows merchants to access their sales, deposits, reports, and refund data anywhere, at any time.
This kind of convenience has worked wonders for businesses, big and small. According to recent studies in the U.S., nearly 60% of recently launched POS systems are cloud-based. Furthermore, it’s anticipated that the cloud-based POS global market value will reach over $3.7 billion by 2023 compared to $1.3 billion in 2018.
Merchants everywhere have taken advantage of Clover’s app market, which incorporates a centralized hub of specialized applications that handle everything from managing inventory and orders to tracking sales and accepting payments.
Many apps are designed for accounting, human capital management (HCM), retail, food & beverage, hospitality & travel, shipping & logistics, and the list goes on and on.
These industry-specific applications, located in the Clover App Market, can connect to a business’s inventory catalog so that they can seamlessly manage sales and inventory both in-person and online.
Seeing how MSPs make their money from every client transaction, it would only be natural to consider that what works well for their clients will also work for them. So, what Clover does is that it makes the overall pie bigger, causing the MSPs piece to become bigger as well.
There are many apps distributed through the Clover App Market. By integrating with Clover POS, your business can access all of them to help you drive more sales and grow your business.
You can customize your Clover experience with tailored-for-your-business apps. These applications provide you with advanced features to take you to the next level.
Some of the features include offering special, personalized discounts and assisting with guest seating and reservations. But that’s only the start of Clover’s capabilities. Let’s explore some of the benefits that businesses can access with Clover apps.
Clover offers the VizyPay Cash Discount App, which includes a fully compliant cash discount program, incentivizes cash payments, an automatic price increase module, inventory syncing capabilities, integrated reports, and free processing options.
Merchants leverage this application’s features to retarget prospects and offer limited discounts to attract new customers and foster relationships with loyal customers.
Clover’s Digital Loyalty app solution helps businesses grow and keep customers coming back for more.
The Digital Loyalty app drives increased customer spend and repeat visits, offering 24/7 live chat customer service, automated targeted promotions, blast marketing messages, and up to 10 customizable loyalty rewards for unlimited customers.
The app integrates directly to the Clover POS, enabling retail businesses to engage customers and increase customer retention without reducing margins.
Setting restaurant reservations, enabling self-service ordering, and alerting guests when they’re ready to be seated via text message helps restaurants manage their service and inventory needs.
Restaurant owners can integrate their reservation, table management, and online ordering systems with their payment software to streamline processes and optimize their success.
Clover’s Clavo Online Order, Clavo Tables, and Clavo Waitlist apps are designed to handle restaurant reservation scheduling and order management, offering an additional streamlined approach to their internal business workflows.
The Clover App Market carries a diverse range of inventory management solutions, including the Shopventory app, which provides a complete inventory, sales, purchasing, and vendor management platform.
This premium inventory management and optimization solution includes warehouse management, user access control modules, vendor management, invoicing, stock control, live customer care support, and so much more.
It also includes Shopify, BigCommerce, and WooCommerce e-commerce integrations for full visibility and control over your e-commerce storefront. The Shopventory app, along with many others in Clover’s arsenal, monitors the health of your entire business.
Another crucial element to running any business is establishing clear-cut rules and regulations for employees. That’s why Clover adopted apps like the Paychex Flex app into the Clover App Market family.
Paychex Flex is a single HCM platform built to streamline employee management across small, midsize, and enterprise-wide businesses.
This app offers payroll processing services, time & attendance management, recruiting, onboarding, health insurance benefits, retirement, and many other HR-related features.
Companies all over the world donate funds to charities and nonprofit organizations in an effort to increase company visibility and improve employee morale. Clover recognizes corporate philanthropy and offers a competitive advantage to businesses that utilize the Clover POS.
The 360 Donations App allows nonprofit organizations to accept donations via the Clover POS. Businesses can create campaigns to collect donations for many different causes and charitable endeavors.
Now, not every business application can make its way onto the Clover App Market. There are stringent requirements that an application must meet to be accepted into the “Clover Club” (sort of speak).
The difference between getting recruited or rejected lies within how your application is designed, developed, and deployed. To create an application for your business and distribute it on the Clover App Market, you require professional help.
Clover POS application development allows businesses to convert their POS into a business hub while establishing a digital presence.
When hiring a software developer, ensure that the developer(s) you’re hiring has a clear understanding of software and hardware integrations.
MSPs, PayFacs, and PSPs, require applications built with best-in-class financial reporting and accounting modules. They need to be able to access their data in real-time and store large amounts of data on a centralized platform.
A professional, knowledgeable, and experienced Clover app developer can integrate Clover hardware and software via custom REST and e-commerce API development.
Whether you require automated reporting, loyalty apps, online ordering, order & inventory management, or e-commerce shopping cart management, hiring a professional Clover app developer will help you increase transaction volume without breaking the bank.
Clover is a great way to accept payments from customers. The Clover POS collects payment details and generated advanced reports that push businesses to the next level of success.
For merchants, leveraging the Clover POS solution is a no brainer. However, it’s important to remember that merchant service providers (MSPs), payment facilitators (PayFacs), and payment service providers (PSPs) leverage this service as well.
By adding their clients’ applications to the Clover App Market, merchants increase their sales and revenue, which helps the providers earn more as well.
Furthermore, Clover integration and app customization depend on the developers’ expertise. This is where Chetu comes in to save the day.
At Chetu, we can help develop and deploy Clover apps to help you achieve the outcome that you had in mind. Each Clover add-on brings you a few steps closer to your goals, and the Chetu team can create these custom add-ons to increase the performance of your business’s KPIs.
If you’re an MSP, PSP, PayFac, or merchant who wants to boost their business, then contact Chetu today to learn how we can help.
Chetu, Inc. does not affect the opinion of this article. Any mention of specific names for software, companies or individuals does not constitute an endorsement from either party unless otherwise specified. All case studies and blogs are written with the full cooperation, knowledge and participation of the individuals mentioned. This blog should not be construed as legal advice.
Chetu was incorporated in 2000 and is headquartered in Florida. We deliver World-Class Software Development Solutions serving entrepreneurs to Fortune 500 clients. Our services include process and systems design, package implementation, custom development, business intelligence and reporting, systems integration, as well as testing, maintenance and support. Chetu's expertise spans across the entire IT spectrum.
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