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Receive payments by text message!
 
Cell phones and smart phones are ubiquitous, setting the stage for explosive growth in mobile payments. Individuals—especially those that are always on their mobile devices—will be responsive to this new way of making payments. That's why paying by text should be an option offered by every organization.

It's easy to accept payments by text! To get started or learn more, call us at 800-774-9355 or email us at Sales@VancoServices.com.



Benefits


  • Holds special appeal for your younger clients

  • Payments can be made anywhere at anytime

  • Gives everyone with a cell phone an electronic payment method

  • Provides a way to send payment reminders to individuals


How Text Payments Work: A Brief Overview



      1.

Individual completes one-time setup

Before texting a payment for the first time, individuals complete a one-time, online setup.

      2.

Individual sends text message payment

To text a payment, individuals enter the keyword "Pay" followed by a dollar amount and a four digit PIN.

      3.

Payment processes

Vanco captures payment information in a secure, PCI Level 1 Compliant environment and electronically transmits funds and data for deposit.

      4.

Deposit occurs

Funds arrive in the organization's bank account via ACH credit.

      5.

Individual receives confirmation

For individuals, text payments are confirmed by text, by email and also appear on their financial statements.






Get Started


It's easy to accept payments by text! To get started or learn more, call us at 800-774-9355 or email us at Sales@VancoServices.com.


Frequently Asked Questions
Q. Can individuals make one-time payments by text?
A. Yes, one-time payments by text can be made anywhere, anytime from any cell phone or smart phone

Q. Can individuals set up recurring payments by text?
A. No.

Q. Are all payments set at a fixed dollar amount?
A. No. Your client enters the amount.

Q. How do individuals sign up?
A. Before texting a payment for the first time, an individual must visit your website, locate the online payment page, complete (or update) an online profile and check the "Opt In" box.

Q. What payment methods are available for this service?
A. Your organization designates which payment methods to offer. You can offer credit card, debit card and direct debit.

Q. Are individuals assessed any special fees?
A. No, but normal text messaging fees from their cell phone carriers may apply.

Q. Where do individuals text their payments?
A. Upon completing a profile, an individual receives both a text and an email along with instructions on how to text a payment.

Q. What distinguishes one text payment from another?
A. The combination of a phone number and PIN number is unique to each individual. These two items must always match perfectly.

Q. Can an individual text a payment from a phone number that is different from the phone number in his or her profile?
A. No. The phone number and PIN number must match the phone number in the profile. An individual that changes phone numbers must update his or her profile.

Q. Are payments ever charged to a mobile phone account?
A. No. Payments are made using the payment method specified in a individual's profile. Phone carriers handle only the text message—not the financial transaction.

Q. How quickly are text payments deposited?
A. Text payments are electronically deposited into your organization's bank account on a timely basis—as quickly as one business day for direct debit transactions and within 2-4 business days for credit and debit card.