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Integrate initialized payment

having an integrated payment solution  is the process of connecting a payment   solution to a particular software  tool such as a crm an accounting   software an ecommerce shopping cart website  platform invoicing solution or an erp system   just to name a few there's a lot of benefits  to setting up an integrated payment solution   like time savings streamlining account setup and  reduction in overall operating cost as a result so   let's take a look at how the whole  process works what some of the costs are   and the overall benefits and how to go  about setting one up in your business so if it's a true integrated solution the merchant  account is directly connected to the software   solution in question through a payment gateway  and having that integrated solution improves the   collection process that the company and the people  using the software have and before we jump in to   demonstrate that it's important to understand who  benefits from an integrated payment solution and   generally who are the main players so there's  four parties that are involved and everyone   benefits so the parties involved are number one  the software company or the software tool that   has the integration so these are the developers  number two is the business who uses the software   so this is the company that's paying the monthly  subscription fee or who has purchased the software   to be able to use number three is the integrated  payment solution provider so this is specifically   the payment gateway and the merchant account  that comes along with the integrated solution   number four is the customer of the business that  is using the integrated solution if you found   this video because you are a software company a  programmer a developer a coder or a company that   has a software and you're searching for an  integrated solution you're doing research   check the links in the description for resources  on how to get in touch with me to learn more   about an integrated solution program all right  with that here's the example all the players   and the transaction flow and how it all works for  this example let's use a hypothetical accounting   firm called hippo tax and the company using hippo  tax will be blue shark plumbing also hypothetical   and made up so to map this out let's start with  the payment scenario blue shark plumbing accepts   a payment in a non-integrated solution the payment  comes normally directly into the merchant account   it may come through a hosted payment page that's  part of the merchant account or part of the   payment gateway that's attached to the merchant  account or it may come in through a key entered   transaction via a virtual terminal that part  doesn't really matter either way the important   thing to note is that the payment is coming into  the merchant account and it only goes to the   merchant account then for blue shark plumbing  double entry has to take place because ideally   they'd like to have that payment logged in their ...