Drake Pay
Secure, efficient payment processing for tax professionals.
Executive Summary
Drake Pay is a dedicated payment processing solution designed for tax professionals to streamline and simplify the collection of client payments for tax preparation services. It offers a secure and modern platform that integrates seamlessly with Drake Tax, Drake Portals, Drake Zero, and Web1040, enabling tax preparers to initiate billing and payment requests directly within their existing workflow. The platform provides convenient payment options for clients, including the unique ability to use their tax refund to cover service fees through Drake Refund Pay. This integration enhances the overall client experience while significantly reducing the administrative burden on tax practices, allowing them to manage financial transactions more efficiently and securely.
Use Cases
- Collecting payments for tax preparation services.
- Offering clients the option to pay with their tax refund (via Drake Refund Pay).
- Billing clients directly through Drake Portals.
- Accepting payments within Drake Tax, Drake Zero, or Web1040.
- Streamlining payment collection for tax practices.
Features
Visibility
- Payment Status Tracking: Monitor the status of client payment requests and received payments.
- Integrated Billing: Initiate payment requests directly from Drake Tax, Drake Portals, Drake Zero, or Web1040.
Support
- Customer Support: Access to Drake Software's customer support for assistance with Drake Pay.
Technical Specifications
- Architecture
- Cloud-based payment processing integrated with Drake software workflows
- Deployment
- SaaS
Infrastructure
- Right Networks (cloud hosting provider)
- Launchpay
Security & Compliance
Certifications: PCI Secure Software Standard
Encryption: Secure payment processing; encrypted payment data in transit and at rest implied, with PCI-certified technology components
Pricing
- Model
- Transaction-based processing
- Starting Price
- Free to enroll; zero fees until processing payments
- Target Customer
- SMB,Mid-Market
About Drake Tax
Drake Software provides comprehensive, professional tax preparation and e-file software solutions for tax preparers and accounting firms. Founded in 1977, the company offers a suite of tools including tax software, accounting solutions, and productivity tools.
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