PaySimple is a leading provider of cloud-based payment processing software and merchant services that enables small and medium-sized businesses to accept online payments, manage their billing and invoicing processes, and streamline their financial operations. Founded in 2005, PaySimple has built a reputation as a reliable and user-friendly platform that empowers businesses to efficiently manage their payment processes while improving their bottom line.
Products and Services
PaySimple offers a range of products and services that cater to the needs of small businesses. These include:
Payment Processing: PaySimple provides a comprehensive suite of payment processing services, including credit and debit card processing, ACH payments, and e-checks. These services enable businesses to accept payments from their customers in a variety of ways, whether in person, online, or over the phone.
Billing and Invoicing: PaySimple’s billing and invoicing software automates the billing process, allowing businesses to create and send invoices, set up recurring payments, and track customer payments. This helps businesses save time and money while improving their cash flow.
Customer Management: PaySimple’s customer management software provides businesses with a centralized platform to manage their customer information, including contact details, billing history, and payment preferences. This makes it easier for businesses to provide personalized service to their customers and build long-term relationships.
Reporting and Analytics: PaySimple’s reporting and analytics tools provide businesses with real-time insights into their financial performance, including revenue, cash flow, and customer trends. This helps businesses make data-driven decisions and optimize their operations for greater efficiency and profitability.
Acquisition
In 2019, PaySimple was acquired by Deluxe Corporation, a leading provider of business solutions that help businesses grow and succeed. The acquisition enabled PaySimple to expand its product offerings and reach new markets while leveraging Deluxe’s extensive resources and expertise. Today, PaySimple continues to operate as an independent subsidiary of Deluxe, serving over 20,000 businesses across a wide range of industries.
Competitors
PaySimple operates in a highly competitive market, with a number of other companies offering similar products and services. Some of PaySimple’s main competitors include:
Square: Square is a leading provider of payment processing software and hardware, including point-of-sale systems, online payments, and invoicing. Square is known for its simple and intuitive user interface and affordable pricing.
Stripe: Stripe is a popular payment processing platform that enables businesses to accept payments online and over mobile devices. Stripe offers a range of customizable features and integrations that cater to the needs of businesses of all sizes.
PayPal: PayPal is a well-known payment processing platform that provides businesses with a range of payment options, including online payments, invoicing, and credit and debit card processing. PayPal is known for its security and reliability, and its extensive network of users.
Authorize.net: Authorize.net is a payment gateway that enables businesses to accept credit and debit card payments online and over mobile devices. Authorize.net offers a range of customizable features and integrations, making it a popular choice for businesses of all sizes.
PaySimple has established itself as a reliable and user-friendly payment processing platform that enables small and medium-sized businesses to manage their financial operations more efficiently. With its comprehensive suite of products and services, PaySimple has become a popular choice for businesses across a wide range of industries. The recent acquisition by Deluxe Corporation has enabled PaySimple to expand its offerings and reach new markets, while continuing to provide its customers with exceptional service and support. As the payment processing market continues to evolve, PaySimple is well-positioned to remain a leading provider of innovative and reliable payment solutions.
