Let me tell you I was completely blown away when I stumbled upon ClickFunnels’ new Payments.AI feature.
I’ve been using Clickfunnels for a while now and I’ve always loved its versatility.
It’s like a one-stop shop for building amazing sales funnels but Payments.AI takes things to a whole new level.
Payments.AI: Your One-Stop Shop for Managing Transactions and Automations
Think of Payments.AI as a powerful financial control center specifically designed for Clickfunnels members.
It’s where you go to manage everything related to your transactions connect different payment gateways and set up some seriously clever automations.
I’m talking about things like automatically reminding customers about their trial periods or sending them friendly reminders when their credit cards are about to expire.
It’s like having a dedicated financial assistant working behind the scenes keeping your business running smoothly.
Navigating the Payments.AI Dashboard
Now let’s talk about getting started.
You’ll find a handy Payments.AI tab in your Clickfunnels menu.
Click it and you’ll be whisked away to a whole new world of payment management.
It’s almost like stepping into your very own digital bank but with a Clickfunnels twist.
The first thing you’ll see is the dashboard.
It’s a snapshot of your business’s financial health giving you a quick overview of your revenue transaction volume churn rate and subscription metrics.
It’s like having all your key financial indicators right in front of you.
You’ll also see a list of your connected payment gateways letting you know which ones are active and which ones still need a bit more setup.
And of course there’s a notification section where you’ll find alerts about things like document requests payout updates and even late bill notices.
Key Features of Payments.AI: Beyond the Dashboard
Now let’s dive into some of the real meat and potatoes of Payments.AI the features that make it such a valuable tool.
1. Connecting Your Payment Gateways
Payments.AI makes connecting your payment gateways a breeze.
Just click on the “Gateways” tab and you’ll be presented with a list of popular options like Stripe PayPal Coinbase and Klarna.
Click the “Connect” button log in when prompted and you’re done!
ClickFunnels is constantly adding more payment gateways so if you don’t see one you need you can always request it.
They’re always looking for ways to make the platform even more versatile.
2. Customizing Your Gateway Settings
One of the things I really appreciate about Payments.AI is the level of customization you have over your gateway settings.
You can tweak things like:
- Sticky Gateway: By default Payments.AI will randomly split your transactions between the gateways you’ve connected. However you can make a specific gateway “sticky” so that customers who make their first payment using that gateway will continue to use it for all future transactions.
- Card Statement Descriptor: Customize the way your purchases appear on your customers’ credit card statements. You can use your company name or a short description.
- 3-D Secure: This feature is essential for processing payments from European customers. It’s part of the 3-D Secure protocol which adds an extra layer of security to online transactions.
3. Tracking Transactions Like a Pro
Payments.AI gives you a detailed history of all your transactions so you can keep track of everything.
You can see sales refunds and the status of each transaction all neatly organized in the “Transactions” tab.
You can also filter your transactions by time period so you can analyze your performance over a specific timeframe.
And if you’re looking for a specific transaction you can search by customer name or email address.
4. Managing Subscriptions with Ease
With Payments.AI managing recurring subscriptions is a breeze.
The “Subscriptions” tab gives you a complete overview of your recurring payments including the subscription start date payment schedule and more.
You can also see a list of your active subscription customers and their payment history.
5. Building Relationships with Customers
The “Customers” tab is a goldmine of information about your customers.
You’ll find an exhaustive list of everyone who has purchased your products or services or who has a recurring subscription with you.
At a glance you can see their lifetime revenue the date they signed up their last payment and some basic information about them.
Clicking on a specific customer gives you even more detailed information about their interactions with your business.
You can also designate specific customers as “VIPs” giving them special status.
VIP customers are flagged with a special tag making them easy to identify and you can even create custom rules for them.
This is a great way to show your most loyal customers that you appreciate their business.
6. Keeping Your Taxes in Order
Payments.AI makes tax management a lot less stressful.
In the “Settings” section you can connect your TaxJar account (if you have one) or manually configure your tax locations.
You can even generate tax reports to help you stay on top of your tax obligations.
7. Generating Essential Gateway Reports
Payments.AI provides a variety of reports to help you analyze your transaction data and reconcile your bank statements.
These reports are accessible from a dropdown menu in the upper right-hand corner of the screen.
Here’s a breakdown of the reports you can generate:
- Payout Details Report: This report helps you reconcile the processing fees charged by Payments.AI with your transactions. It’s essential for tracking your profitability.
- Transaction Details Report: This report provides a detailed breakdown of individual transactions including the shopper’s information and payment details.
- Declined Transactions Report: This report helps you understand why certain transactions were declined. It provides details about the date of the decline the reason for the decline and the transaction amount.
- Payout Summary Report: Similar to the Payout Details Report this report provides a summary of your payouts.
- Running Balance Report: See your balance in real-time and track how it changes.
- Account Balance Report: Get a summary of your account balance including any adjustments made to your payouts.
8. Keeping Unwanted Customers at Bay
Sometimes you need to block certain customers from purchasing your products or services.
Payments.AI makes it easy to create a “blocklist” of unwanted customers or email addresses.
You can access the “Blocklists” section from the dropdown menu in the upper right-hand corner of the screen.
From there you can add customers to your blocklist by entering their email addresses email domains IP addresses Bank ID numbers Customer IDs Countries and physical addresses.
You can also search for existing entries to make sure you’re not blocking anyone accidentally.
9. Payments.AI PRO: Unlocking Advanced Automation
For even more powerful automation features you can upgrade to Payments.AI PRO.
This version comes with some really cool features including:
- Subscriptions: With Payments.AI PRO you can create recurring subscriptions for your products or services. This is a great way to increase your recurring revenue.
- Automation Rules: Payments.AI PRO lets you automate tasks like sending out subscription dunning reminders trial end reminders and credit card expiration reminders. You can also set up rules to automatically select the best payment gateway for your customers based on their location or other factors.
- Bundle Subscription & Automation Rules: This bundle gives you access to both subscriptions and automation rules at a discounted price. You only pay a single 0.5% fee per transaction instead of the standard 1% fee.
10. Understanding Payments.AI Pricing: Gateway Fees vs. Transaction Fees
It’s important to understand how Payments.AI handles its pricing.
There are two main fees you need to be aware of: gateway fees and transaction fees.
- Gateway Fees: These fees are charged by the gateway provider to cover the costs of receiving and processing transactions. Payments.AI doesn’t charge a gateway fee for its own payment gateway but it does charge a 1% fee for third-party gateways.
- Transaction Fees: These fees are charged by the card networks and processors for accepting credit card payments. These fees are charged by Payments.AI and most other payment processors.
You can find a detailed breakdown of pricing for different payment gateways on the Payments.AI website.
Final Thoughts: Payments.AI is a Game Changer
Payments.AI is a game changer for anyone using Clickfunnels to build their online business.
It’s a powerful tool that simplifies the process of managing your transactions connecting payment gateways and setting up automated workflows.
I highly recommend giving it a try.
You won’t regret it!