SmartPay can pay you the same day for your transactions!

SmartPay can pay you the same day for your transactions!

Sell today, get paid today

As a dealer in the wireless industry, you have a lot on your plate to worry about.  SmartPay can help take one of those worries away - getting paid for your SmartPay transactions.

There are currently 2 ways to get paid for each transaction:

Virtual Payment Card (VPC)

ACH via your bank account

Understanding which method works best for you can be determined by answering 2 questions: 

Do you want your funds to deposit immediately?

Do you want as little work to reconcile as possible?

If you said yes to both of these, keep reading!

The Virtual Payment Card (VPC)

The VPC is the easiest and fastest way for you to get paid for each of your SmartPay transactions and works just like a regular credit card. Processing is done by having sales associates charge the VPC during the transaction procedure.  However, as it works the same as any other credit card, it also has the fees associated with it just like a credit card to offset the minimal reconciliation involved.  The more stores you have, the more complicated and time consuming it can be to reconcile transactions, so the fees may be worth it to help save you time and some of the headaches of admin work.   And who doesn't want less admin work in order to spend that time on something else?!  Well, I guess if reconciliation really floats your boat and in that case, enjoy it.

Benefits to the VPC payment option:

            - Just like any other credit card transaction

            - No special reconciliation process needed

            - Funds deposited immediately

Daily bank settlement ACH

The other option for transaction payments is an ACH (Automated Clearing House) which is deposited directly into your bank account. Rather than getting paid instantly for each transaction as it happens individually, the total of all your transactions is added up and paid at once at the end of each day.  However, it may take 3-5 days for the funds to reach your bank account. So, if you want to have access to your money right away, this may not be the best option for you (but it's a darn good thing we have another choice that is!).  Another ACH feature is that your store associates won't have to enter any information during the transaction to complete the transfer to your account; it happens automatically at the end of each day.  One less thing to think about!

Benefits to the ACH payment option:

            - No extra fees

            - Store Associates not involved in the process


SmartPay requires every business to have a valid bank account on file, even if you chose the VPC option. You are able to have different bank accounts for each of your stores if you have multiple locations so you may have multiple back accounts.

At SmartPay, we want everything you do with us to be easy.  That’s why we like to give you choices so you can customize your account as it works best for you and your store(s).  If you have already set up your account for one of the options and want to switch to the other, that’s easy too.  Log into your account yourself, or have your admin help you change your payment option via the dealer portal. 

See, EASY!

Are you currently utilizing the VPC process?  If so, leave us a comment telling us your story of how much time it's saved you!  We'd love to hear from you.

Happy transacting...and collecting!

Miss S.P.


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