In this article, the best free software for payment management this is certainly the era where you just can’t think of transacting via cash anymore when there is always a high risk of financial fraud. This scenario naturally brings you to a situation where you will resort to software for payment management.
However, most of the software charge very heavy amounts for their usage, and then it no longer remains your cup of tea. So, what to do in such a case? You don’t need to lose hope because we are here to save you.
We have got you the nine best free software for payment management that are free to use. Yes, you heard that right! You can use this software to comfortably do your business without spending a penny from your pocket.
This software bridges the gap between being cost-effective and financial safety. Now, jump into the article and learn more about the same in detail.
What is Payment Management Software?
Payment management software is the life and blood of an ever-changing financial environment like today. First, the pandemic and now the increasing rates of cyber crimes and financial fraud have made it extremely necessary for everyone to switch to safer modes of payment.
Payment management software fits the best in this safety criteria. This software is cloud-based and ensures that all the transactions that take place are done smoothly and safely. It is super flexible and can be done by using any given device. This software integrates with the already existing ERP (enterprise resource planning) and then facilitates transactions.
What are the Benefits of the Billing Management System?
The billing management system has unlimited benefits such as it allows users to generate quick invoices, organize everything in one place, quickly and easily payment acceptance, easier payment processing, and a lot more.
Hence, you can expect a far easier financial life than the one you are living today. In short, the billing management system is your savior if you are also tired of the haphazard manner in which you lead your economical life.
How can I make sure my online payment is safe?
To make sure that your online payment is safe, you must ensure that you have a very strong password that cannot be cracked easily. You should be aware of the online frauds happening around you so that you can catch one easily when it is about to happen to you.
Your payment gateway should be a trusted one. Also, you can ensure that your data is end-to-end encrypted. Apart from all this, you have to be very aware while making online transactions. These simple steps will make sure that you don’t get into cyber fraud and your online payment remains safe.
Top 9 Free Software for Payment Management (2023 Picks)
Melio is the first software in our list of software for payment management that enables users to transact freely via bank transfers. It is supportive of all internet-enabled devices.
It may include laptops, desktops, mobile phones, tablets, etc. This software will give you complete flexibility on your finances as you can access it from any space and device of your choice.
- It supports QuickBooks synchronisation.
- You can pay multiple bills by using this single app.
- Simple steps to facilitate the transfer.
- Zero charges
#2. Zoho Subscriptions
Zoho Subscriptions is our next software that simplifies the payment management process that won’t be hassle-free otherwise. This software acts as the perfect middleman that breaks down tricky payments into the simplest ones and for free.
Once a customer is registered with Zoho Subscriptions, they are free from the troubles of sending invoices, renewal charges, payments on time, and much more.
- One-time registration.
- Hassle-free payments.
- Looks after the complete financial health of a client.
- Automate billing for every subscription.
- Centralized portal
Venmo is your one-stop shop if you are also looking for an app that can smoothly lead to mobile payments. This little task often seems too challenging, and all we ask for is a savior like this software.
This software will offer a new social currency to all the mobile users out there. The most accessible mode of making transfers is via your mobile, and Venmo simplifies the same for its users. The balance you hold in your Venmo account can be cashed immediately or safely put to future use.
- A credit or debit card is mandatory.
- Ensures safe and secure transactions.
- Most suitable for mobile users.
- Super fast and flexible to use.
- Data synchronization
Vagaro is our fourth software on the list, and it is specially designed to cater to the needs of salon and fitness center owners. It allows these owners to better connect with their customers and, at the same time, simplify the payment procedure for them. This is very simple to use, and you can get started as soon as now by creating your free profile
- Free subscription plan and free trial.
- Third-party integrations.
- Activity dashboard monitoring.
- Hassle-free payments
#5. Marketing 360
Marketing 360 will give you everything that you will need to simplify your payment management. This software is super flexible and can be operated from any device of your choice.
You can try this software on your mobile or desktop and simply be transaction-ready from home or the office. This software is highly trustworthy and we recommend you try it for sure.
- Free trial and subscription
- Proper campaign management.
- Proper campaign analysis.
- Third-party integrations
Invoicely is going to be your next favorite destination for payment management software. This software won’t demand pre-registration with your credit card in order to get a trial.
It is absolutely free to use and that is the cherry on top. We can assure you that you won’t regret it after getting its subscription.
- Proper invoice management.
- Real-time data check
- Timely billing
- High-quality safety
#7. Alboom Pay 4.8 (122)
Alboom Pay 4.8 (122) is our next software specially designed for medium and small-sized businesses. This software makes sure that their needs are fulfilled to the fullest.
It follows stringent standards regarding fraud management and works hard on early detection of fraud. The users can access complete information concerning payments and receipts. Hence, you must try this particular software for sure.
- Quick and secure online payments
- Less complex to use
- Early Fraud detection
- Debit and credit card processing
- Easy mobile payments
PayRequest is our next software that assists users in streamlining their billing and subscription management operations. Users can even make personalized payments and donations by using this single software.
PayRequest makes the payment process much more convenient for its users. This software will let its users access the status of their account, including the transaction history. Its analytical feature simplifies the generation of reports related to funds, revenues, etc.
- Free subscription plan
- Proper cancellation management
- Timely alerts and notifications
- A separate client portal
If you are also dealing with the problem of not-so-speedy transactions, then InvoiceASAP is the solution that you need. This software allows users to create professional invoices and comfortably track transactions for better security.
Also, you can add unlimited photos to the invoices generated. You can also save your credit card with the app, so you won’t have to enter the same information repeatedly.
- Get hassle-free payments faster than ever before.
- Free plan and trial.
- Mobile and web invoicing solution.
- Includes field service.
- Secure handling of credit cards.
Frequently Asked Questions (FAQs)
What is the safest payment method?
The safest payment method is EMV-enabled credit cards and payment management software. You can try these modes to experience a safe and secure transfer of money.
Eleggible’s Final Words
Today, only some can tolerate transactions in cash, and everyone wants a secure and quick payment. Payment management software rightly serves this purpose, and we provide you with the best.
The software that we have mentioned above is the best free software for payment management in the race and gives accurate results faster than other software in the market. Now, let go of the load of manual processing of the payments and be smarter when it comes to financial management.
These softwares are free to use, which is the best part of the game. You will get the ease of doing transactions, and at the same time, you don’t need to be harsh on your pocket. These best free software for payment management are something that just can’t be denied. So, don’t think any further and start using them. You won’t be disappointed.