Payment transactions in NeetoCal

NeetoCal is a scheduling software designed for effortless booking and management of various sessions, such as meetings, interviews, and consultations, for both you and your clients.

The payments feature in NeetoCal allows you to collect payments for your sessions or appointments. By accepting payments ahead of the session, NeetoCal helps reduce the risk of no-shows. It also saves time and effort in following up with payment requests.

After thorough internal testing, we officially launched the payments feature in production in January 2023. The need for such a feature was particularly felt by clients like Headstrong Pro, Somatic Therapy, and others, especially those managing therapy organizations with a multitude of clients. In January, the recorded transaction was 160 GBP.

The subsequent months showed significant growth:

• In February, there was a remarkable surge of 728.5%, with transactions totaling 1160. Notably, this marked NeetoCal's first transaction from India, amounting to Rs. 410 out of the total.

• March witnessed a growth of 58.6%, reaching a transaction value of 1840 GBP.

• April saw a slight decline of -14%, recording transactions of 1580, with 1530 GBP and Rs 50. This was the only month with a month-on-month decline so far.

• May marked a rebound with a transaction value of 3364, showcasing a substantial 113% month-on-month growth.

• June continued the upward trend with transactions totaling 3697, comprising 3597 in GBP and 100 in rupees.

• July maintained the growth streak, recording a transaction of 7825 GBP, a growth of 111.68%. The month also saw an increasing number of clients expressing interest in utilizing the payments feature.

• In August, the total transaction volume for the month reached 8706, resulting in 11% growth.

• September witnessed transactions of 10431 GBP and 25$, contributing to a 20% growth in transactions.

• October recorded a significant sum of 20186.75, demonstrating a 93% growth. This comprised 19898 GBP, 145 dollars, and 143.75 Euros.

• November saw NeetoCal transactions totaling 411.5 Euros, 26549 GBP, and 266 dollars, reaching a grand total of 27226.5. This reflected a 34% growth in month-on-month transactions.

• December witnessed a total transaction of 20846.05, which comprised 681.25 Euros, 19957.8 GBP, and 207 dollars.

In June 2023, we introduced an enhancement to the payments feature called Split Payments, allowing the companies to split payments with the service providers. Companies were now able to set custom rules to split payments based on percentages or fixed amounts. When clients book appointments, the system automatically splits the payment and distributes it with the service provider, making it much easier to manage shared revenue.

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