Kinnovis Billing
Bringing you the lowest fees in the industry
For self-storage operators, payment processing fees represent a significant operational cost that directly impacts profit margins. Today, we’re excited to introduce Kinnovis Billing, our innovative approach to self-storage payments that delivers the lowest fees in the industry while enhancing your payment automation.
The Current Challenge with Self-Storage Payment Processing
With traditional payment systems, high transaction fees, complex reconciliation processes and limited payment options can create significant operational headaches. Our survey of self-storage operators across several countries revealed that platform processing fees are cutting into profit margins, while manual reconciliation between systems consumes a lot of their staff’s time. Many operators also struggle with limited visibility into payment failures and face integration difficulties with their existing accounting tools.
Introducing Kinnovis Billing: A Revolution in Self-Storage Billing Solutions
Kinnovis Billing has been designed from the ground up to address these pain points, offering a comprehensive self-storage payment system that prioritises low fees without compromising on features or reliability.
Industry-Leading Low Fees
At the core of Kinnovis Billing is our commitment to reducing your operational costs. By streamlining payment processes and eliminating unnecessary intermediaries, we’ve created a billing solution that offers significantly lower transaction fees compared to competitors.
Unified Payment Processing
As part of our Kinnovis Manager platform, Kinnovis Billing will integrate with your existing operations, providing a centralised view of all transactions and payment statuses. When payments fail, our automated retry capabilities kick in, reducing the need for manual intervention. We’ve also built in flexible payment options for your customers and streamlined reconciliation with popular accounting software. This comprehensive approach eliminates the need for multiple tools and platforms, reducing complexity and saving time on admin.
What Sets Kinnovis Billing Apart
While many self-storage software providers offer payment processing capabilities, via third-party platforms like Stripe, Kinnovis Billing stands out in several key areas:
1. Transparent Fee Structure
Kinnovis Billing offers complete transparency with the fees being charged. You’ll know exactly what you’re paying, with no hidden charges or surprise increases.
2. Greater Invoicing Flexibility
You will be able to manage invoices and subscriptions directly within our Manager, whilst keeping Stripe as the payment processor. This approach supports storage-specific requirements like flexible discount structures, mid-term changes and mixed billing for rentals and additional services – all within a single source of truth.
3. Enhanced Payment Analytics
Gain valuable insights into your payment operations with robust reporting that helps you track success rates, identify patterns in failed payments, monitor revenue trends and optimise your billing processes. These analytics capabilities enable data-driven decisions that can further improve your operational efficiency.
Looking Ahead: The Future of Kinnovis Billing
While we’re proud of what Kinnovis Billing will offer, this is just the beginning. Our roadmap includes expanded payment method support, enhanced automation for payment retry sequences, advanced reporting and additional accounting software integrations. Each of these planned enhancements shares a single purpose: to make payment processing simpler, more efficient and more cost-effective for your self-storage business.
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