Revo Payments, a provider of industry-focused payment software today announced the (beta) release of the first Facebook Payment Applications for a number of vertical markets including Property Management, Education, Non-Profits, and B2B.
The PAAGO applications are designed to serve several non-retail business segments, including: schools, churches, property managers (HOAs or rental) and business-to-business invoicing within Facebook.
The Revo (PAAGO) Facebook Apps enable Facebook users to pay: Tuition, Donations, Rent, Homeowner Dues, and business invoices within Facebook. Payors can elect to pay by credit card, eCheck, ACH, Paypal, or Facebook Credits. Facebook users (Payors) benefit from the ability to make payments without leaving Facebook, while using any payment type.
The purpose of the PAAGO application is to allow schools, residential communities, non-profits, and businesses to receive multiple payment types at their Facebook page. PAAGO is the first Facebook application to connect Payees (merchants) with direct settlement options for each payment type. This translates into lower costs, faster funding times, and broader adoption of e-Payments for the organization that is receiving the payment.