Get paid faster
Collect sooner, chase less, and see what is coming in
Payments are tied to each customer's credit limit and AR status, so limits enforce themselves.
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Your questions, answered
What dealers ask about getting paid faster
How do credit limits enforce themselves?
Payment options are tied to each customer's credit limit and receivables status, so customers buy within the credit you set.
See paymentsWhich payment options do customers get?
Cards, ACH, net terms and Konek bank payments, including Interac Direct, so large orders do not have to go on a credit card.
See payment optionsCan we use our own payment gateway, and are there transaction fees?
ToolSwift is payment gateway agnostic, so you keep the gateway and rates you have, and ToolSwift adds no transaction fees. Stripe, Moneris, Square, Clover and VersaPay are connected.
See gateway optionsHow do we chase overdue balances?
Monitor overdue balances in real time, send bulk payment requests, share payment links by SMS and email, and track the status of every request.
See accounts receivableCan customers pay themselves?
Yes. They see their balance and available credit and pay invoices and statements from their account, online or in the app.
See the customer portalCan customers pay in part?
Yes. Payments can be applied to invoices in full or in part, and you can see which invoices each payment covered.
See payment detailsCan we reward customers who pay early or use cheaper payment methods?
Yes. Rewards can scale points with how fast an invoice is paid, with full points for immediate payment and fewer as it ages, and can earn only on ACH, cash or account payment. You set the thresholds.
See RewardsDo invoices and payments sync to our books?
Yes. Invoices and payments stay in sync with your ERP, and ToolSwift connects to QuickBooks and NetSuite.
See integrationsCan we see what is owed at a glance?
Yes. Open balances, collected amounts, overdue amounts and invoice statuses are in one place.
See invoices
In practice
How a payment flows
- 1
Customer checks out
They choose card, ACH, bank payment or net terms, within their credit limit.
- 2
Your gateway processes it
The payment goes through the gateway and relationship you already have.
- 3
It is applied to invoices
Fully or in part, with a record behind every transaction.
- 4
Books stay in step
Invoice and payment records sync with your ERP.
Rewards
Reward the customers who pay fast
Points scale with how fast the invoice is paid, and can earn only on ACH, cash or account payment, so you collect sooner and pay less in card fees.
- Full points for immediate payment, fewer as it ages
- No points on card payments, if you choose
- You set every threshold
- Paid at checkout100%
- Within 10 days75%
- Within 20 days50%
- Within 30 days25%
- After 30 days0%
You set every threshold.
Built for you
What speeds up payment
Credit-aware checkout
Net terms, ACH and cards, tied to each customer's credit limit and AR status.
Learn morePayment options
Cards, ACH, net terms and Konek, with gateways including Stripe, VersaPay, Clover, Square and Moneris.
Learn moreAR management
Track balances, invoices and statements in one place.
Learn morePay from the app
Customers see balance and available credit and pay invoices from the job site.
Learn moreERP and accounting sync
Invoices and payments stay in sync, so your books stay matched.
Learn morePolicies you control
Set return and refund policies and account rules in one place.
Learn moreSee it in action
Open balances and payment requests in one view
See who owes what, send payment requests in bulk, and track every request until it is paid.
- Overdue balances in real time
- Payment links by SMS and email
- Credit limits per customer
General
Analysis
Customer
Sales Channels
Integrations
Accounts receivable
Open balances and payment requests
Outstanding
$121,043
Collected
$38,795
Overdue
$12,230
Requests sent
14
See what ToolSwift does for your business
Book a demo and we'll walk through the platform with your catalog and your workflow in mind.
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