How Payroc, UIC Payworld, and EVEN Recharge are Revolutionizing EV Charging Solutions

Electric vehicles aren't the future — they're the present. With the increasing number of EVs on the roads, ways of doing business and entire industries are changing fast.

As many focus on electric vehicle production, they may overlook the comprehensive opportunities presented with EV adoption- beginning with EV charging.  Electric vehicle charging solutions are a relatively passive source of income, serving as an additional revenue stream. Restaurants, retail stores, hotels, and more are seeing the possibilities and, therefore, offer charging stations catering to an emerging demographic while simultaneously adding to their bottom line.

To many businesses, installing charging stations seems challenging. It's an entirely new territory, and it can be hard to embrace new technology if you're not entirely familiar with it.

What if there were a complete plug-and-play option ISVs could offer merchants? What if there were a way that businesses could capitalize on the burgeoning EV market easily without added legwork?

That's precisely why Payroc has partnered with UIC Payworld and EVEN Recharge to create an out-of-the-box, plug-and-play EV charging solution that enables frictionless payments. This solution provides EV drivers unparalleled convenience and gives ISVs a new offering for merchants, creating an entirely new revenue stream.

Payments Have Been Tricky for Charging Stations

The newness of EV charging as an industry has led to turbulent changes. For example, in 2023, new legislation in California mandated that all charging stations must offer multiple payment options.

It was a massive development for many merchants operating charging stations, as, in some cases, it required the installation of card readers. But it also served as a microcosm of the challenge facing charging station operators. These merchants want a simple, effective payment solution that satisfies government regulations and meets customers' needs.

With California leading the way in EV adoption, it's no secret that the rest of the country takes cues from the Golden State. Todd Bellino, Director of Payment Facilitation and Integrated Payments at Payroc, said similar regulations for charging stations will become the law elsewhere. However, there's another takeaway from this change too.

"The rest of the states are going to follow," Bellino said. "But the evolution is now from a consumer perspective. They really want to be able to pay however they choose."

Why Simple, Flexible Payments Matter for EV Charging

The comprehensive solution Payroc has developed with UIC Payworld and EVEN Recharge addresses the needs of EV charging station operators and their customers' expectations.

Easy Integrations

At Payroc, our payment gateway allows ISVs to manage virtually any payment type and settlement engine through a single integration. We've cultivated a seamless payment solution that reliably delivers to ISVs and their merchants.

This solution is precisely what's needed in the EV charging space. And if the specific needs are different, that's not a problem. We work with ISVs to identify the best option.

With Payroc, merchants can take care of all their payment needs simultaneously.

"A lot of EV charging station owners have to use multiple vendors, multiple technologies, and multiple integrations," Bellino said. "But Payroc makes it possible to handle everything in the same place."

Omnichannel Payments

Versatility with payments is a priority of consumers everywhere. It's no different for EV charging.

Our solution delivers the choice and flexibility that EV drivers look for when they need to charge. Payroc's payment gateway allows merchants to accept card-present, not-present, mobile, and digital wallet payments. We've focused on making the consumer experience as simple as possible.

"Most EV charging stations are unattended, so payment options should facilitate self-service with little to no friction," Bellino said. "Essentially, our EV charging payment solution is easier and faster to use than the unattended payment solution at a gas station."

Centralized Reporting

Our solution also tracks invaluable data for ISVs, keeping you and your merchants updated on insights that can help improve your business. It's all in one place, making it easier to manage and learn from.

ISVs can also customize and generate reports from this data, empowering you to focus on the details that matter to you. It's the kind of business intelligence you can leverage to improve your offerings to merchants, to deliver more efficiently to market your products and services better, and to strengthen your security.

Embrace the future today

EV charging is in demand, and that demand is expected to grow exponentially.

There are some 4 million EV charging stations in the United States. By 2030, that figure is forecast to boom by nearly 800% to 35 million in 2030. The EV supply equipment market is projected to grow from $7 billion to $100 billion by 2040.

The data is clear: Opportunity abounds. Payroc's seamless payment solution for EV charging stations positions you as an ISV to take advantage of that opportunity in the here and now and sets up for a blossoming future.

Discover how easy it is to leverage the out-of-the-box, plug-and-play EV charging solution from Payroc, UIC Payworld, and EVEN Recharge. We're happy to discuss the unique needs of your merchant clients to help fuel a powerful solution.

Contact one of our EV payments experts today!