The January Ordway Production Release is now available and includes the following:
Table of Contents:
Feature Enhancements
Finance
Product Tax Groups
With this release, Ordway supports tax configuration with grouping by product, i.e. tax code per product, allowing for separate tax calculations by product.
This release introduces a new object called Product Tax Group that can be added to tax rules and applied to a product or a group of products. For example, you may have separate tax rates for physical products and software services. Prior to this release, this feature has not been supported within Ordway’s tax configuration.
The Settings Menu has been reorganized:
-
A new sub-menu for Taxes will have sub-menu options for managing:
- Product Tax Groups
- Tax Rules
A field named Product Tax Group will display on the Product and Tax Rules pages respectively.
New Product Tax Group page:
New field Product Tax Group appears on the Edit Taxes page:
New field Product Tax Group on Products page:
Fixes to ARR Calculation
Currently, MRR is stored with two decimal places. When an annual contract is broken down, the two decimal points are multiplied by 12 to calculate ARR. This was resulting in an incorrect value based on the rounding issue within MRR. This has been addressed with this release. The fields for MRR and ARR will be exposed separately in API and the configuration in General Settings will define which field is exposed.
Commerce
Delete Unverified ACH Payment Methods
When an unverified ACH payment method is selected for deletion, a user-friendly confirmation message is displayed before proceeding.
Payments
Payment Confirmation
A confirmation pop up message is now displayed on the Ordway app when the user selects Electronic Payment Type as the option and clicks Save. This confirmation pop up now displays the payment amount and the payment method (Credit Card/ ACH Bank Account) that will be charged.
The pop up provides two options:
- Yes, Continue to confirm the payment.
- No, Edit Payment Details to make additional changes.
Pass Additional Invoice Information to Stripe Upon Payment Transactions
Ordway customers now have the option to send additional transaction data to Stripe.
Credit Card payments processing is classified into three main levels:
Level 1
This is required card data to be passed including the Credit Card Number, CVV, Expiration Date, Amount, and Merchant Details.
Level 2:
Level 2 card data includes details such as customer reference number, invoice number, sales tax amount, and more, enhancing the transaction information beyond basic card details.
Level 3:
Level 3 card data goes further, offering line-item details such as product codes, quantities, and other granular transaction information.
This enriched data helps businesses optimize payment processing leading to enhanced security.
Notes:
- Level 2 & Level 3 is currently supported for Mastercard and Visa only.
- US Merchants only are currently supported at this time.
- For more information and details, refer to this Stripe article:
- https://docs.stripe.com/level3#sending-level-iii-data (Stripe login required)
To allow additional information to be passed during payments transaction processing, first discuss eligibility with Stripe then contact Ordway Support to enable the feature.
User Experience
Enhancements for Subscriptions Edit Page
Several UX changes now optimize the performance of Subscriptions within Edit Pages.
Learn more: UX Enhancements for Subscriptions Edit Page.
Help Center Documentation
New
Updated
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- Anrok Integration - Updated to clarify steps including API keys required from both Ordway and Anrok.
- Manage Customers - Added note to clarify that currency can be customized for individual Subscriptions & Orders.
- Create New Subscription - Added note to clarify that currency can be customized for individual Subscriptions & Orders differently from Customer settings.
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