Prepay by GoSwift is a cloud-based payment solution designed for e-commerce businesses to collect prepayments and pre-authorize customer payments before order fulfillment. The platform enables merchants to secure funds upfront, minimizing the risk of non-payment and reducing Return-to-Origin (RTO) incidents. Prepay integrates with checkout and order management systems, allowing businesses to automate payment collection, verify payment status, and streamline the order processing workflow. The solution supports multiple payment methods, provides real-time payment status updates, and ensures compliance with security standards. By leveraging pre-authorization, merchants can reserve funds on customer cards, confirm payment validity, and proceed with order dispatch only after successful payment verification.

Key Features

Payment Pre-Authorization Secures customer funds before order fulfillment.

• Places a hold on customer cards to reserve payment
• Reduces risk of failed payments and RTOs

Automated Prepayment Collection Streamlines payment workflow for merchants.

• Integrates with checkout and order management systems
• Automates payment requests and status verification

Multi-Method Payment Support Offers flexibility for customers.

• Accepts cards, digital wallets, and other payment options
• Supports recurring and one-time payments

Real-Time Payment Status Updates Keeps merchants informed throughout the process.

• Provides instant notifications on payment status
• Enables timely order processing and dispatch

Compliance and Security Ensures safe and compliant transactions.

• Adheres to PCI DSS and other security standards
• Supports 3D Secure authentication and tokenization

Benefits

Reduced Payment Risk Minimizes losses from non-payment and RTOs.

• Secures funds before shipping orders
• Verifies payment validity prior to fulfillment

Improved Cash Flow Ensures timely payment collection.

• Accelerates revenue recognition for merchants
• Reduces delays in order processing

Enhanced Customer Experience Builds trust and transparency.

• Provides clear payment status updates
• Offers flexible payment options for customers