Payment Solutions

  • Bank Products for Tax Professionals

    What Are Bank Products? Bank products are financial services tax professionals offer to help clients access their refunds faster and help pay for tax prep services. These products are typically facilitated through third-party banks and are fully integrated into your professional tax software. Common bank products include: Why Offer Bank Products in Your Tax Office?…

  • Reminder: Bank Enrollment is Open

    Enrollment is open for the tax year 2025 Drake Software bank partner programs. Bank products offer a variety of opportunities to build your business and enhance customer value.  Bank Partners Drake Software makes it simple to offer your clients flexible pay-by-refund solutions with no upfront payments, flexible refund options, and quick cash with refund advances.…

  • Bank Products and Mobile Payment Apps

    Bank Products and Peer-to-Peer Apps: What Tax Pros Need to Know As tax season approaches, clients increasingly want fast, flexible options for receiving their tax refunds. While bank products remain a trusted method used by tax professionals for years, peer-to-peer (P2P) payment apps like Cash App®, Venmo®, and PayPal® are becoming more popular—especially among younger…

  • Drake Pay™ Got Even Better: Now Offering ACH as a Payment Option

    In addition to Drake Refund Pay, credit and debit payment options, Drake Pay now offers Automated Clearing House (ACH) as another secure form of payment. For tax professionals and Electronic Return Originators (EROs), integrating ACH payments through Drake Pay is another convenient way to take payment and replace paper checks. In 2024, same-day ACH payment…

  • Drake Refund Pay™ is Here: A No-Cost-to-Client “Pay-by-Refund” Option

    Are you ready to make your tax preparation service even more appealing to clients? Drake Refund Pay allows clients to pay tax prep fees directly from their refund at no cost to them, making your preparation services easier, more affordable, and more attractive for them. Here’s how integrating pay-by-refund can benefit your business and your…

  • Drake Pay™ Launches New Feature: Request Payments via Email with Secure Payment Link

    At Drake Software®, we are continually refining the tools you need to manage your tax and accounting practice effectively. We’re excited to introduce a new feature in Drake Pay that enhances the payment process for tax preparers and their clients. New Feature: Request Payments via Email with a Secure Payment Link Our latest update enables…

  • Bank Products: Payment & Account Solutions for Tax Pros

    Tax preparers wield significant influence when it comes to ensuring accurate and compliant returns for their clients. While our expertise lies in navigating complex tax codes and filing returns, it’s crucial to also consider the role of banking products in streamlining operations and optimizing financial management. Efficiently managing financial transactions, organizing records, and safeguarding clients’…

  • Meet Drake Pay: an Integrated Payment Processing Solution

    Drake Software® is excited to introduce Drake Pay™, a payment integration solution that works seamlessly with Drake’s suite of software products. This solution allows our customers to accept payments from their clients effortlessly and directly in their tax preparation workflow.   Why Drake Pay? Payment Options Your Clients Expect  Drake Pay gives you the freedom to…

  • Best Bank Products for Tax Professionals

    In the uncertainty of the modern-day financial landscape, tax preparers possess a great deal of agency when it comes to filing accurate and compliant returns for their clients. While tax professionals’ expertise primarily resides in navigating tax codes and filing returns, it’s equally essential to recognize the impact that banking products may have on streamlining…

  • Paying Taxes: Does The IRS Take Plastic?

    Have your clients ever inquired about paying their federal tax bill with a credit card or debit card?  Drake provides two options to help your client pay their taxes electronically – Integrated File and Pay and the Drake e-Payment Center. Here’s an overview of each service: • Integrated File and Pay (IFP) — IFP is…