ONLINE PAYMENT PROCESSING SOFTWARE

Payment processing software is a tool that facilitates electronic transactions by securely handling payments for goods and services. For your venue, payment processing software is essential as it enables you to accept various payment methods, such as credit cards and mobile payments, both online and in-person. This software streamlines transactions, enhances guest convenience, and ensures secure and efficient payment handling. It's a fundamental component of modern attractions, allowing you to offer seamless, hassle-free payment options to your guests while ensuring compliance with payment industry standards and regulations.

The most common payment methods used by guests at attractions include credit and debit cards, mobile payment apps (such as Apple Pay and Google Pay), and digital wallets. These methods offer convenience and speed, aligning with guests' preferences for easy and contactless transactions. ROLLER Payments supports widely used payment options, attractions can cater to a broader range of guest preferences and provide a seamless and modern payment experience.

Smart dunning is an automated process used by payment processing software to manage failed or declined recurring payments. It employs intelligent algorithms to optimize the retry schedule and communication with guests, aiming to recover failed payments and reduce churn. This technology helps attractions minimize revenue loss, enhance customer retention, and ensure the smooth processing of recurring payments for memberships, subscriptions, and other ongoing services.

ROLLER Payments employs smart dunning strategies to reduce involuntary churn by automatically managing declined payments. It intelligently schedules retries and communicates with guests, increasing the likelihood of successful payment recovery. This proactive approach minimizes revenue loss, improves guest retention, and ensures consistent revenue streams for attractions.

Interchange refers to the fees that payment card networks (such as Visa, Mastercard, and others) charge for processing credit and debit card transactions. These fees are paid by merchants (attractions, in this case) to card issuers (banks) and help cover the costs of processing transactions, fraud prevention, and maintaining the payment infrastructure. Interchange fees can vary based on factors like the type of card used, the transaction amount, and the industry. Understanding interchange is essential for attractions to accurately assess their payment processing costs and make informed decisions regarding payment strategies and pricing.