Ivonto Pay Overview
The Ivonto Pay section is a crucial component of managing finances on the Ivonto platform. It provides a streamlined way to handle payments for your online store, allowing you to easily collect payments from customers and manage your earnings. This section is divided into three main areas: Wallet, Ivonto Card, and Payout. Ivonto Pay is designed to simplify the payment process by integrating a payment solution that works seamlessly with your online store, eliminating the need for third-party payment providers.
Setting Up Ivonto Pay
Traditionally, when you set up an online store, you must find a payment provider, register with them, and create an account to collect payments from your customers. This process can be time-consuming and requires you to manage multiple accounts. Ivonto Pay addresses this challenge by offering an integrated payment solution that is automatically set up when you register your Ivonto store.
When you register on the Ivonto platform, you are automatically provided with an Ivonto Pay account. This account includes the following features:
Wallet: Your Ivonto Wallet is a digital account where all payments from your customers are deposited. It serves as the central hub for managing your earnings. You can monitor the funds collected from sales and view your balance at any time.
Ivonto Card: Along with the Wallet, you are provided with a virtual Ivonto Card. This card allows you to spend your earnings directly from your Wallet. The Ivonto Card can be used for online purchases, making it a convenient way to access your funds without needing to transfer them to another bank account first. The card is virtual, so you can start using it immediately after your Ivonto Pay account is activated.
Payout: The Payout section allows you to withdraw funds from your Ivonto Wallet to your bank account. You can schedule payouts according to your needs, whether you want to withdraw your earnings daily, weekly, or monthly. The Payout section also provides detailed records of all withdrawals, helping you keep track of your financial transactions.
Benefits of Ivonto Pay
Ivonto Pay is integrated into the Ivonto platform, so you do not need to sign up for a separate payment provider or manage multiple accounts. This integration offers several key benefits:
Instant Account Setup: When you register your store on Ivonto, your Ivonto Pay account is created automatically. There is no need to go through a lengthy registration process with a third-party payment provider.
Seamless Payment Collection: Ivonto Pay is already built into the platform, so you can start collecting payments from customers as soon as your store is live. Simply enable Ivonto Pay in your store settings, and you're ready to go.
Efficient Fund Management: With the Wallet, Ivonto Card, and Payout features, you can easily manage your earnings, spend funds directly from your Wallet, and withdraw money to your bank account when needed.
No Additional Registration Required: Since Ivonto Pay is integrated, there is no need for a separate registration process with a third-party provider like Stripe or PayPal. This simplifies the setup process and reduces the administrative burden on store owners.
By using Ivonto Pay, you can focus more on running your business and less on the complexities of payment processing. The integration of Ivonto Pay into the Ivonto platform ensures that you have a reliable and efficient payment solution right from the start, allowing you to manage your store’s finances with ease.