Pre-built online payment integration to power the client's business for growth at speed and scale.
Combined with the new way of our everyday life, the pandemic has also changed the way people do shopping.
In 2020 digital payments grew by an astounding 53%, which moved us closer to a cashless society. Last year digital payments market size was valued at $58.30 billion and expected to grow at a 19.4% CAGR from 2021 to 2028.
The surge in demand for contactless payments led to the exceptional rise of service providers, such as Square, Apple, PayPal. From being a nice-to-have option, digital payments turned into a must-have for commerce businesses.
Square, Inc. is a US-headquartered digital payments provider with offices across the globe. Its main goal is to empower businesses and people to participate and thrive in the economy.
Square offers software and hardware tools that make payment processing for millions of people simple.
In 2021, more than 20,000 companies around the world have started to accept payments with Square POS (24,88% market share). And one of their services Cash App reported 36 million monthly active users as of December 2020.
Together with Grinteq, Square has integrated a solution to enable Square payments with Salesforce.
Now merchants can use it to pull in orders along with invoice data by using Square’s custom payment gateway. The application is delivered in a managed package and published on Salesforce AppExchange.
Square payments is a virtual payment gateway that connects merchants with the banks. It helps to complete online transactions, providing security at all stages.
The goal of the project was to enable Square payments for Salesforce merchants with data from Salesforce CPQ. Besides, one of the major tasks was to meet all Salesforce Billing and Square’s internal standards and requirements.
Grinteq was selected as one of the development partners to bring Square payments to the next level.
The project started with the technical analysis of the app architecture. We found a way to built precise associations between Salesforce and Square systems. This approach has provided transparency and security for the payment process.
Grinteq delivered the code in a managed package, which means it's upgraded if a new version of the app is available.
As a result, a merchant can accept online payments by installing a plugin into their environment in a few clicks. No need to deal with banks and worry about sensitive data protection. The pricing model includes everything from SaaS and PCI-compliance fees to chargeback fees.
So, the new integration lets Salesforce merchants focus on sales and drive their business.
Collaborating with Square was simply fabulous experience. Bringing ambitious ecommerce ideas to life is our primary goal, and becoming a development partner for one of the top-market players was extremely rewarding.