Not only will the new system reduce time spent in processing card payments, it will also save the cost of buying a PDQ in the first place and the cost of multiple PDQ telephone calls. However, another very important feature is that payment is immediate and so dramatically improves cashflow. Once an order has been processed, payment may be requested by card and immediately received. That compares with the negative cashflow that ensues from an invoicing system, where the invoice is often raised at the end of the month and not paid for at least another month. Switching to credit or debit card payment is now readily accepted by customers and, since payment is immediate, it saves time on cash collection and avoids the risk of customers defaulting on their debt.
CyberPDQ works in an entirely stand-alone manner, and may be operated from a standard PC, or linked to any existing EPoS system and, naturally, it may be readily integrated with LM Computers’ own Touchtill management system. Crucially, businesses are able to retain their existing acquirer when installing CyberPDQ software.
The system is much simpler to use than Direct Debit, which many clients are fearful of and can be difficult to become accredited for. CyberPDQ software is available on a rental basis for a modest monthly charge and registration for the new system takes only about 10 days. The standard CyberPDQ software handles all major credit and debit cards, except for American Express, which may be added for a small premium.