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Get Paid Instantly with Payment Capture from E-Sign

Posted 13th July 2021

Nearly all businesses need both payment collection and signature capture as part of the same agreement process.

These two steps are (most often) separate and disjointed, causing payment delays or complete payment failure.

Existing payment and signature collection processes also result in wasted time chasing down money owed, poor customer experience, inaccuracies and errors, and distraction from revenue-generating opportunities.

Recent business insider research showed that 20% of businesses waste 10+ hours per week chasing payments.

E-Sign’s payment capture option eliminates that time (and cost), enabling you to collect signatures and payments together in one easy step.

Many organisations spend a lot of time manually tracking down payments and deposits from customers, once they have signed on the dotted line. This is more so difficult for smaller companies where team members wear many hats and have very limited time. This makes prompt payment collection critical for success.

To assist both existing and new customers, E-Sign created it’s instant payment capture feature.

Since its inception many businesses have adopted this as a critical element in agreement processes, for things such as insurance policies, sales proposals and membership agreements among the countless number of potential use cases.

Prior to using E-Sign payment capture, many of our customers collected payments by accepting cheques via post or asking for credit card information over the phone.

Manual, time-consuming processes have been quickly eliminated with E-Sign payment capture.

For many years, E-Sign has partnered with Stripe, the global payment platform, to give you the ability to accept major credit/debit cards, Apple Pay and Google Pay.

Now, customers can also pay by SEPA bank transfer (compatible with EUR). With SEPA payments for Stripe you can enable your signers to submit payment in Euro using their International Bank Account Number (IBAN).

With E-Sign payment capture, it’s intuitive and easy to send an agreement for signature and payment:

  1. With just a few clicks from your E-Sign dashboard, connect your E-Sign account with Stripe (it’s a one-time setup)
  2. Drag and drop the “Payments” request onto your agreement
  3. Specify your payment request details, and click “Send”

The signer(s) of your agreement will receive an email notifying them they have an agreement to sign and pay.

They click a link that opens the agreement securely in the E-Sign platform. From their laptop or mobile device. Signer(s) can quickly, easily and securely:

  1. Complete any required fields within the agreement like address, phone number and title
  2. Sign the agreement with eSignature
  3. Pay with credit/debit card, Apple Pay, Google Pay or SEPA

 

SEPA payments for Stripes

The Single Euro Payments Area (or SEPA) is used for the simplification of bank transfers in euro, allowing a fast, secure and standardised way of making and receiving payments. SEPA enables businesses to make euro transfers, via direct debits and direct credits, to participating countries, using a single bank account within a standardised set of rules.

Despite leaving the EU, the UK is still a member of SEPA, which means that “As SEPA payments made between the UK and EU should be treated the same, UK businesses will continue to be able to make SEPA credit transfers and direct debits in euro.”

 

E-Sign is a leading provider of digital transaction management solutions, supplying professional services including Electronic Signatures, Web Forms, ID Checker, Verification Tools, Personalised Emails, API and Payment Processing to businesses of all sizes across the UK.

To find out more about our E-Sign solutions and how they could transform your business, get in touch with us today.