Canopy, a provider of tax and accounting software, has launched a new payments solution to facilitate seamless transfer of funds between its customers and their clients.
The new offering has the provision of collecting payments both online as well as in person.
It includes credit, debit or ACH options.
Being PCI compliant, the new solution addresses security concerns by storing sensitive payment data.
Besides, rates will remain flat for credit card and ACH transactions.
This is irrespective of whether a card is used online or in person and the type of credit card.
“With low flat rates and automatic recurring payment options, Canopy manages the entire billing process for users from tracking time and sending invoices to collecting payments,” Canopy noted.
The payment solution has been developed internally.
Commenting on the new proposition, Canopy chief revenue officer Jordan Ray said: “We are constantly looking to make the work of tax and accounting professionals easier.
“By integrating Payments into our Practice Management software, we are not only benefiting our customers but also improving their clients’ satisfaction with a seamless experience.”
Canopy was set up in 2014 by Kurt Avarell.
Among the firm’s backers are New Enterprise Associates (NEA), Deep Fork Capital, Epic Ventures, Wells Fargo Strategic Capital, Pelion Ventures, and University Growth Fund.