Hoot Payment Solutions reduces payment processing costs

Photo: iStock.com/SVPhilon

Hoot Payment Solutions, an electronic payment processing service designed for propane and fuel oil companies, is now available for integration with a wide range of back office management programs. Hoot Payment Solutions helps energy companies reduce payment processing costs by identifying and correcting merchant category codes that have been improperly classified, leading to lower transaction fees.

“Many fuel companies are simply not set up to take advantage of all the benefits available to them,” says Mark Nardone, founder and president of Hoot Payment Solutions.

Companies that do not split merchant category codes for each type of credit or debit card accepted are likely paying too high a rate on every transaction, the company says. Hoot Payment Solutions is designed to identify and correct these errors to minimize processing costs.

“We want to educate our customers in order to reduce the confusion about electronic payment processing for our fuel oil and propane partners and to make sure they are getting every discount and rate advantage to which they are entitled,” Nardone says.

The Hoot Payment Solutions program was developed by Blue Cow Software, an enterprise management software developer for the energy industry. Nardone, also Blue Cow Software’s founder, grew up working in his family’s fuel business, giving him direct insight into the challenges and issues faced by fuel oil and propane businesses.

Although Hoot Payment Solutions was developed by Blue Cow Software, the system can be easily integrated with most third-party back office software for fuel marketers.

*Featured image: iStock.com/SVPhilon