MyPayNet is designed to be flexible and easy-to-use for small businesses, while robust enough for larger enterprises. There are several different ways a business can use MyPayNet:

1. Need Online Commerce, Don’t Need a Shopping Cart

Many businesses, associations and groups want to allow online payments, but they fall through the cracks of today’s eCommerce options. They do not need or cannot leverage shopping cart functionality for such needs as event registration, membership fees, subscriptions, hourly work, etc. 

2. Want Credit Card Benefits, Without the Costs

There are two ways to approach this issue using MyPayNet.  First, businesses have the option of passing a convenience fee on to their customers for the convenience of being able to make their payments online.  Additionally, some businesses find that simply moving to electronic check gives their business all the benefit of automated payments with a smaller, capped transaction cost.  This is particularly effective for high ticket services, such a commercial service businesses.

3. Go From Snail Mail to Email Invoicing

Research indicates that the total cost of sending paper invoices via mail costs 2 to 3 times the total cost of electronic invoices. MyPayNet allows businesses to send their invoices electronically to customers. By having your monthly invoices settle directly to your business bank account, businesses that move to electronic invoicing experience significant improvement in cashflow.