With today’s businesses replacing paper invoices with payment links to get paid, there is already a huge rotation away from legacy payment methods toward more scalable and modern solutions. We have watched this transformation happen and even played our part in getting businesses to adopt these exciting new digital payment methods.
Now, we are spearheading the next evolution of payment links with our eLinx™ technology after many rounds of development and feedback from key players in high-growth industries like lending and real estate. eLinx packs a lot of punch into one payment link experience that is far superior to existing solutions.
A New Era of Payment Links
eLinx™ sets itself apart by offering a rich array of functionalities that go beyond standard payment link services:
eLinx Pay: Pay and get paid using white-label payment link experiences that simplify the transaction process for everyone involved
eLinx Connect: Let customers connect their bank accounts to VoPay so you can speed up future payments and reduce errors and failures
eLinx Flexible Payments: Offer flexible payment options to your customers, including Multiple Payment Methods and Installment Plans.
At its core, eLinx Pay allows for bidirectional transactions, enabling businesses to easily send and request funds from their customers. This feature significantly upgrades traditional one-way payment systems, providing flexibility and convenience for all parties involved.
Bank Account Connection Built-In
With eLinx Connect, businesses can easily connect customer bank accounts to their platform using our onboarding iFrame experience to capture the data and tokenize the credentials. This feature not only simplifies the process of collecting banking information but also ensures secure, future-ready transactions through tokenization of their information. It’s a game-changer for businesses that require frequent and secure payment interactions with their customers.
One of the standout features of eLinx is its Flexible Payments option, which offers business customers unparalleled flexibility in how they choose to pay. Whether splitting a payment across multiple methods, making partial payments towards an outstanding balance, or paying in installments over several months, eLinx caters to various customer preferences and financial situations.
Solving Real-World Problems
eLinx is designed to address several common issues businesses and customers face. From simplifying the collection of customer banking information to offering a variety of payment methods, eLinx solves pain points that traditional payment systems often exacerbate. For instance, while many payment link providers offer only card payments, eLinx supports both card and bank account payments, providing more options and convenience.
eLinx can authorize ongoing payments, making it ideal for businesses that require recurring transactions. This feature is particularly useful in sectors like property management, where recurring rent payments are common, or lending, where ongoing loan payments are required.
Easy Integration for All
What truly sets eLinx apart is its no-code/low-code deployment options, making it accessible for businesses of all technological backgrounds. Through the VoPay Portal, businesses can create and customize payment link workflows with a few clicks without extensive technical expertise. This ease of use is a huge plus for companies looking to implement payment links quickly and efficiently.
For those with more technical resources, eLinx can be used via our API, allowing for deeper integrations and customization. Custom eLink workflows can be triggered from a single endpoint on any business platform. Whether using the Portal or API, businesses can maintain their branding with white-label options, ensuring a consistent and professional user experience.
Use Cases and Benefits
The versatility of eLinx makes it suitable for a wide range of industries. For example,lenders can use eLinx to manage loan payments with precision and flexibility. In theproperty sector, landlords can collect bank details from tenants and set up automated rent payments. For payroll applications, eLinx simplifies the process of requesting and validating bank accounts, while insurance companies can use it to send out claim payments swiftly and securely.
The benefits for businesses are clear: easy payouts, enhanced customer choice, and turnkey payment links that are ready to use out of the box. With eLinx, businesses can focus on their core activities while offering a superior payment experience to their customers.
Conclusion
eLinx is not just a payment link product; it's a comprehensive solution that redefines how businesses handle payments. With features like bi-directional transactions, flexible payment options, and easy integration, eLinx is changing the landscape of digital payments for good. Whether you're a business owner, large enterprise, or software platform, eLinx offers the tools you need to streamline payments, enhance customer satisfaction, and maintain your brand identity. In a market crowded with payment solutions, eLinx stands out as a versatile and powerful tool for modern businesses.
