Zoho Corporation has introduced Zoho Payments, a unified payment solution that enables businesses to process online transactions through multiple payment methods, including cards and ACH.
The solution is integrated within Zoho’s existing suite of applications, allowing management of payments within financial workflows.
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Zoho Payments is designed to mitigate payment-related issues such as delays and reconciliation errors, offering a connected alternative for centralising payment operations.
The solution supports card payments across over 135 currencies and ACH payments for US-based transactions.
It can be integrated with Zoho’s finance, operations, sales, marketing, low-code, and collaboration platforms, as well as with third-party systems via APIs.
The solution, which is PCI DSS Level 1 compliant, offers various workflows for accepting payments, including invoicing, payment links, hosted payment pages, and e-commerce store integration.
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By GlobalDataAutomated reconciliation processes are included to help finance teams reduce manual work and associated errors.
Zoho Payments provides businesses with visibility into their payment transactions, payouts, refunds, failures, and account summaries, offering insights into cash flow and operational efficiency.
Zoho Chief Evangelist Raju Vegesna said: “As digital payments become the default preference for everything from online purchases to subscription services, businesses need a payment solution that not only offers flexibility, but is also tightly connected to their financial operations. Zoho Payments closes this gap by natively connecting with our ecosystem, enabling seamless collections across different use cases.
“Our solution provides businesses with better authorisation rates, strong risk management, automated reconciliation, and helps minimise losses from fraud and chargebacks, delivering real operational value as payment volumes grow.”
The service is now available, with transaction fees set at 2.9% plus 30¢ for domestic cards and an additional 1.5% for international cards.
