About OmniFund

OmniFund is a cloud-based PCI-compliant online payment processing solution designed for small and midsize companies. It offers card payments, invoicing, recurring payments and reporting functionalities within a suite.

OmniFund features Automated Clearing House (ACH) integration, which allows users to connect their cards from different providers such as Visa and MasterCard for processing and verification of credit card information.

OmniFund also features fraud detection, which alerts users as soon as the signs of fraud are identified. The parameters for fraud evaluation include keystrokes, speed of data entry, customer information and credit history. The solution also offers developer tools such as Ruby, REST, SOAP, PHP and .NET for building custom app...


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Supported Operating System(s):

Web browser (OS agnostic)

87 Reviews of OmniFund

Average User Ratings

Overall

4.66 / 5 stars

Ease-of-use

4.5

Value for money

4.5

Customer support

4.5

Functionality

4.5

Ratings Snapshot

5 stars

(63)

63

4 stars

(20)

20

3 stars

(3)

3

2 stars

(0)

0

1 stars

(1)

1

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 87 results

February 2018

Karen from Anderson And Vreeland, Inc

Verified Reviewer

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

February 2018

Very user friendly. A system you can easily maneuver around in.

Pros

I can easily refund and run credit cards in a timely fashion. I have to enter information in less fields compared to old system we used to have. There is a po field and a description field we can enter detailed information in to help customer match up receipts on their end. Credit Card Receipts are automatically emailed to customer, leaving you one less step you have to do. This software does not let you duplicate customer information when setting up a customer to run their credit card. Customer service has a quick response time. Via messenger or email, if you ever need to use them. System automatically batch's out at the end of the day.

Cons

I can say the only thing I noticed and am sure there is a reason behind it is that we have to manually delete any expired credit card information in this system.

August 2018

Kwame from Premier Vet Alliance

Company Size: 51-200 employees

Industry: Veterinary

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

August 2018

Omnifund, a simple way to manage your online payment collections

Our web-based application interfaces with Omnifund through APIs. Customer accounts are managed in our application and recurring credit card payments are set up and managed in Omnifund. Our application and Omnifund works seamlessly together thanks to the efficient Omnifund APIs.

Pros

The application is very simple and straight to the point. It allows users to achieve their goal of setting up a customer and collecting payment in few simple steps. User can easily edit a pending transaction and process immediately or add to a batch. The transaction reports are also very detailed displaying all required information about the transaction, and also grouping them under card types; transaction statuses; counts; etc.

Cons

The application does not allow user to cancel a transaction. A transaction can only be deleted which is not what user may want. When a transaction is deleted, all audit trail is lost which is not appropriate. It is necessary that user has the option to cancel a transaction and the transaction will remain in the transactions log with status of Cancelled. The notes field can also be used to capture the reason for the cancellation. Another issue is where the same transaction amount is refunded to the same customer at short intervals, the logs in Omnifund indicates that both transactions were processed successful but in actual fact only one transaction went through. This causes confusion between mechant and customer as Omnifund records indicates refund as successful but customer never received it.

May 2018

Gwen from Virginia Cancer Specialists

Company Size: 51-200 employees

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

1.0

Value for money

1.0

Customer support

2.0

Functionality

3.0

May 2018

Not easy to learn, difficult if you have a question or problem

Pros

I like the fact that we can process our payments daily. I really don't know the value for the money because I don't know how much we paid for it.

Cons

Attempted to contact customer service and got no reply. Not easy to learn and no tutorial found. As long as we just need to process payments its okay but anything out of the norm, there is a problem.

Response from OmniFund

Replied May 2018

Hello Gwen. Thank you for the feedback. We have attempted to contact you and hope we can resolve your issues soon. We have researched this and cannot find any requests for support through the email, phone or support desk channels and want to make sure you are contacting the correct entities.

April 2018

Lisa from Accounting Plus, Inc.

Company Size: 11-50 employees

Industry: Accounting

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

4.0

April 2018

After learning how to use it I find it easy to navigate & does want we need if for currently.

Offering Auto pay or scheduled monthly payments to our clients with several options of payment has lowered our monthly statements, past due accounts and overall collections.

Pros

Transactions are easy to schedule, adjust, process and locate in OmniFund. The fact that OmniFund sync's with Imagine Time is helpful especially if we need to void or refund a client. I can also monitor what others are processing thru Imagine Time as it happens and assure they did it correctly. I have found the new(er) Alert on the home screen to come in handy allowing me to immediately correct any ACH transaction's that have declined and avoid account and banking issues.

Cons

I have no real Con's after learning the program. Unfortunately, after working with a concerned representative and understanding the exporting process we concluded due to our processing procedures and having multi users in our Imagine Time we are unable to use the exporting feature which for some could be really slick.

Response from OmniFund

Replied April 2018

Hello Lisa. Thank you for the review and feedback. If there are any functions you need help with outside of your system's integration, please let us know. If there are any features you feel would be helpful to your system, Imagine Time may be able to help to implement these for you.

April 2018

Jenifer from Crest Financial

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

April 2018

The customer experience at Omnifund is excellent. They respond quickly to our needs and questions.

Pros

It is user friendly. I like that the account numbers on our system are the same numbers used by Omnifund.

Cons

I don't like that it shows refunds as a separate transaction. It would be great if you were able to look at a particular transaction and tell if it had been refunded or not. The biggest change I would like to see is that transactions don't get pended but returned. When they pend, you can't see that an attempt was made once it is corrected or deleted. Also, if pended transactions returned, it could be reported as returned and recorded as such through automated processes. A return code could be used that indicates it was pended versus an actual return. For example, X10 could be used after we have received an R10, meaning Omnifund previously reported that the transaction was not authorized so it wasn't processed.

Response from OmniFund

Replied April 2018

Hi Jennifer. Thank you for the review and feedback. Some of your wish list is already in the works and some is already available through the APIs. We will be contacting you to go over everything.