Is HubSpot payment solution a reliable tool whatsoever?
Does the HubSpot payment tool have any limitations? Also, do these limitations hinder the accessibility and viability of the payments? What else do you need other than HubSpot Commerce Hub to ensure frictionless payments?
We’ll explore all the possibilities we have with FormPay as a complete payment solution to enhance HubSpot payment processing. So, let’s get started!
What is HubSpot Commerce Hub?
The HubSpot Commerce Hub is a fresh extension to the native HubSpot payment solution and now it’s the sixth of the HubSpot Hubs. During the INBOUND 2023 event, Commerce Hub was announced as a unified solution for payments to HubSpot users.
In essence, all the payments-related operations are summed up in the HubSpot Commerce Hub. This extension of the HubSpot platform now hosts a variety of processes related to payments:
- Payment Links: Generate payment links as per your requirement. In fact, you can even automate payment link creation and distribution using workflows triggers and actions.
- In-House Invoicing: You can generate invoices or automate the process without leaving HubSpot. Moreover, you can integrate your preferred invoicing platform with HubSpot.
- Subscription Payments & Subscriber Management: The HubSpot platform can host all your requirements for seamless subscription management and recurring payments.
- Gateway Integration: HubSpot Stripe Integration is the official HubSpot payment processor. Therefore, you can connect your existing Stripe account to HubSpot. Furthermore, HubSpot PayPal integration is also an option now.
- Payment Objects & Workflows: Automate payment-related operations from payment initiation to payment settlements, invoicing, accounting & reporting. This can be accomplished by using the dedicated HubSpot payment properties.
- Revenue Reporting: The platform gives you a clear idea of the cash flow. Moreover, it can even predict your revenue based on current statistics using the forecasting tool.
- Quickbooks Integration: Accounting platforms like Quickbooks are seamlessly integrated with HubSpot. Following this, the rich payment data stored in HubSpot is repurposed for accounting processes like recording & reconciliation.
Native HubSpot Payment Solution
The all-embracing Commerce Hub has something for everyone. However, the HubSpot Payments features such as payment links, are only accessible if you’re using a paid version of HubSpot. Moreover, the HubSpot payment solution has its limitations:
- For US-based clients only.
- Stripe-only limitation with HubSpot payment gateways.
- Lacks eCommerce Features such as no tax calculation & shipping charges.
- Non-digital goods cannot be sold.
HubSpot FormPay Integration
FormPay is a unified HubSpot payment solution. The solution is designed to accommodate all kinds of payments and host a versatile suite for payment management without a leak.
Moreover, the FormPay app enables everyone around the world to collect payments no matter where they’re based using their native currency. This is how, introducing a comprehensive set of payment functionalities alongside HubSpot, the FormPay integration helps manage all the payments and related activities under one hood.
The HubSpot payment integration is diligently designed to cater to vast diversities of businesses and industries such as — SaaS-based businesses, eCommerce, subscription-based businesses, nonprofit organizations, and even micro & small enterprises.
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No matter where you’re located and what suits your business style, FormPay is for you. Get started with the HubSpot payment integration.
Features That Make FormPay A Unified HubSpot Payment Solution
HubSpot Payment Form Builder
When you imagine a streamlined payment solution, a dedicated HubSpot payment form builder sounds like a necessity. And FormPay has got it.
An essential, the built-in HubSpot payment tool gives you comprehensive customization features. Furthermore, this allows you to create one-time or recurring payment forms, and embed them on your pages or share them as a link.
In fact, FormPay has got the whole package. Subscription forms, donation forms, product-specific forms, and eCommerce payment settings such as taxes, transactional charges, & coupons, all make FormPay a unified payment tool.
Payment Link Generator
When you activate the HubSpot FormPay integration, a HubSpot payment link generator functionality is enabled in your HubSpot. Also, it can be accessed through the CRM Card section of the respective deal or contact for which you require a payment link.
Furthermore, you can even automate payment link creation and distribution using HubSpot payment workflows & actions and personalize the payment experience using the tokens in emails.
The payment link generator brings a comprehensive set of settings that acknowledges all the requirements of elements enabling seamless payments.
Coupon Code Generator
Coupons have become an integral part of digital payment systems due to their dual function as marketing tools and cost-saving mechanisms. In an era dominated by e-commerce and intense market competition, coupons serve as potent incentives for consumer engagement and advocacy.
This is why, FormPay has a built-in coupon code generator that facilitates an extensive set of coupon settings. With this built-in coupon code generator, you have full control over coupon settings, including types, expiry dates, and redemption rules.
Subsequently, this empowers you to tailor promotions to your specific marketing objectives and create longer customer relationships. Moreover, the coupon functionality is also available in the FormPay payment link generator within HubSpot.
Payment Automation
The HubSpot payment integration with FormPay, creates dedicated payment objects and properties in your HubSpot CRM to ensure a sustainable flow of information and record-keeping. These details are further utilized in HubSpot workflows to implement complete payment automation. This encompasses various processes such as payment link generation, settlements, invoicing, email automation, abandoned cart recovery, cross-selling, and marketing initiatives.
To demonstrate, a fabulous example of HubSpot payment automation through FormPay is the payment link generation for deals and contacts. Moreover, the payment workflows in HubSpot are also purposed for personalized messaging through actions, tokens & properties.
eCommerce Payment Features
The HubSpot payment tool lacks eCommerce features. As per HubSpot’s strict guidelines, it is important to note that its payment solution is not designed to calculate shipping charges and taxes. It is specifically tailored for clients engaged in the sale of non-physical goods.
On the contrary, FormPay is fully equipped to host payments for its eCommerce clients. In this direction, the HubSpot payment integration app introduces tax calculation functionality through the Stripe session feature.
Moreover, the Custom Product Settings while creating a HubSpot payment form caters to unique eCommerce requirements for products. Using these, you can create Product Specific Forms and use the product mapping functionality within the app for specialized forms without leaving the app.
Payment Tracking
The built-in payment tracking features facilitate outstanding monitoring of all the transactions. Furthermore, the app provides a detailed real-time overview of each payment, including a unique reference ID and all necessary payment information.
Furthermore, all the transactions can be tracked in HubSpot also, you can find all the details under the particular deals or contact. Moreover, there you can find a unique link for the transaction to trace the transaction in the payment gateways.
FormPay places significant emphasis on subscriptions-based businesses, offering a dedicated tab specifically for the details of all subscription payments (recurring payments).
Product & Subscription Builder
FormPay HubSpot integration helps you in various ways, and one such of its advantages is a free subscription builder. In this direction, leveraging the thorough functionalities of HubSpot objects and seamless synchronization between the two platforms, we give you the perfect mechanism to create, manage, and scale your subscriptions.
The FormPay app has a built-in product builder that can facilitate the creation of one-time or recurring products. Also, there can be a subscription billing cycle of your choice — monthly, quarterly, semi-annually, or annually.
Furthermore, you can decide on billing frequency, billing date, and delayed billing cycle start. And, obviously, all subscription payments can be effortlessly managed through the app.
HubSpot Payment Gateways Integration
HubSpot’s Stripe-only policy has been its biggest limitation when it comes to payments. Moreover, the recent advancements with HubSpot Commerce Hub now have PayPal integration planned into the HubSpot Commerce Hub. The CRM platform also offers third-party integrations to have additional HubSpot payment gateways.
FormPay brings a wide array of gateway integrations already available within the app — this includes Stripe, PayPal, Amazon Pay, Adyen, Authorize.net, RazorPay, & PayU. Plus, we also entertain special gateway integration requests.
Branding & Voice
Our HubSpot payment solution also aligns well with your branding goals. If you’re keen on being consistent with your customer experience, then this HubSpot integration will help you accomplish it through the checkout experience too.
Also, there are a variety of settings throughout the solution that help you decide on elements like theme colors of the form, texts, payment link body, footer settings, and more. Moreover, employ the HubSpot marketing channels alongside the objects and custom properties created by FormPay to be consistent with your branding.
On-Demand Customization
The dedicated team behind the FormPay success is always keen to experiment, innovate, and entertain unique requests from our clients.
We understand that every business is unique in its own way and we also know what’s the best possible resolution available in the market. Additionally, the requests can be about the additional gateways, special payment settings, integration, and special HubSpot customizations.
Furthermore, we can customize and tailor HubSpot for you, ensuring it suits your business perfectly, as though it were designed specifically for you. Our seasoned team of HubSpot experts will create HubSpot custom integration for your bespoke requirements.
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Order your customized FormPay app to suit your payment requirements. Tell our experts what exactly you need and end your quest for excellence.
HubSpot Invoicing & Accounting
Besides offering magnificent customization options FormPay is a versatile solution for keeping your books error-free. Also, our HubSpot payment integration works as a HubSpot invoicing integration too and has a solid system for it where you’ll get industry-standard invoice templates with this CRM payment integration.
Moreover, you can even automate the complete invoicing process using the payment workflows. And this means you don’t have to worry about HubSpot invoicing processes.
Furthermore, this HubSpot payment integration has versatile integration capabilities and currently it offers Xero Integration similar to HubSpot Quickbook integration. This streamlines accounting processes like record-keeping, payment reconciliation, and more.
Pricing Teardown: HubSpot Payments Vs FormPay
The HubSpot Payment solution is accessible to those who fulfill the criteria and have a paid version of HubSpot. Meanwhile, the lowest affordable pricing of a HubSpot Starter monthly subscription is $20, whereas it goes high up to $36000 a month for HubSpot enterprise plans.
In addition, HubSpot imposes transaction fees based on the payment method. For credit/debit transactions, there is a fee of 2.9% of the transaction amount per transaction. Meanwhile, ACH transactions incur a fee of 0.5% of the transaction amount, capped at $10 per transaction.
Stripe Transaction Fee At HubSpot
Stripe imposes a 0.5% platform fee for each payment collected through HubSpot Stripe integration. Additionally, Stripe applies standard or negotiated fees for card payments and ACH transactions.
FormPay Pricing
The good news is that — you need a paid HubSpot version. Our FormPay app works with the free HubSpot version and there are no hidden charges or any other platform fees. HubSpot FormPay integration offers a compact pricing plan. Here, you can pay an annual subscription of $499 or get it at $49 for a month.
Furthermore, we offer you a free 7-day trial with unlocked features for a week, without requiring any upfront fee or credit card details.
FormPay For Centralized Payments
FormPay stands firm as a fabulous payment solution that hosts all your payment requirements in a centralized manner and delivers an unrestrictive experience.
In addition, you unlock tons of advanced payment features while enjoying marvelous HubSpot Commerce Hub features for automation, reporting, and complete management.
So, go ahead and try a compact HubSpot payment solution out for yourself. Hope to hear from you soon.