PaySimple

What PaySimple does

PaySimple, operating as a subsidiary of EverCommerce Solutions Inc. (legal entity EverCommerce Solutions Inc. DBA PaySimple, Inc.), is a Denver-based SaaS payment processing and billing platform founded in 2006 that serves small and service-based businesses across the United States. The platform combines credit card and ACH/eCheck acceptance (priced at 2.90% + $0.30 and 1.00% + $0.30 per transaction respectively) with recurring billing, online invoicing, a customer portal, customer management, real-time business insights, mobile applications for iOS and Android, a cloud-based POS, and multi-location franchise management. It is a registered ISO of both Fifth Third Bank, N.A. and Wells Fargo Bank, N.A., and maintains PCI DSS certification, with HIPAA-compliant payment options for healthcare clients.

The company's technology stack centers on RESTful open APIs (no API surcharges), hosted checkout solutions, and webhook callbacks that enable partners to embed PCI-compliant payments within their own software. PaySimple operates two go-to-market motions: a direct sales and self-serve channel targeting SMBs in vertical segments — primarily Home & Field Services, Healthcare, and Fitness & Wellness — and a partner/integration program for SaaS companies, mobile app developers, and web developers that embeds PaySimple payments into third-party software and produces residual revenue share. Pricing follows a no-contracts, no-cancellation-fees subscription-plus-transaction model, with revenue generated primarily from transaction processing fees, monthly subscriptions, and partner residual income. Since inception PaySimple has served over 22,000 business owners, and received a $115 million growth investment from Providence Equity (PSG Equity) in October 2016.

Name

PaySimple

Legal name

EverCommerce Solutions Inc. DBA PaySimple, Inc

Website

https://paysimple.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

PaySimple is a Denver-based SaaS payment processing and billing platform serving US small and service-based businesses in home services, healthcare, and fitness/wellness with integrated credit card and ACH acceptance, recurring billing, and embedded-payment APIs for SaaS partners.

Ownership category

akta.pro rank

Product category

Payment Processing Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Prepackaged Software (7372), Services-Computer Processing & Data Preparation (7374), Finance Services (6199)

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industries

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), Recurring Billing, Subscriptions & Tokenized Payments (CRAFALAH), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Payment processing platform
• Recurring billing software
• Online invoicing tools
• Integrated payment solutions
• SMB payment acceptance

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Transaction Processing Fees: Revenue from processing credit card and ACH/eCheck transactions. Credit card processing rates start at 2.90% + $0.30 per transaction, while ACH/eCheck processing is 1.00% + $0.30 per transaction. This is the primary revenue driver for the company.
2. Monthly Subscription Fees: Monthly subscription fees for access to the PaySimple platform including credit card processing, recurring billing, reporting and business insights, all for one low monthly price with no contracts or cancellation fees.
3. Partner Revenue Sharing: Monthly residual income on payments transacted through partner software platforms, creating a predictable and scalable revenue stream for partners while generating additional revenue for PaySimple.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

PaySimple provides a cloud-based SaaS payment processing and billing automation platform for service-based small businesses. It integrates payment acceptance (credit card and ACH/eCheck), recurring billing, online invoicing, customer management, and real-time business insights into a single system. The platform also offers an Integrated Payments product line with APIs, SDKs, and hardware that enables SaaS companies and software platforms to embed PCI-compliant payments directly into their own software.

Product overview

PaySimple is a unified cloud-based commerce enablement platform for small and service-based businesses, consisting of a core payment management platform integrated with multiple modules. The core PaySimple Platform provides integrated payment processing, billing automation, and customer management. Key products include the PaySimple API (RESTful APIs for software integrations), PaySimple Mobile App (iOS/Android for on-the-go payments), Point of Sale (POS for in-person transactions), Online Invoicing (for professional email invoices), Recurring Billing (automated payment schedules), Customer Portal (self-service bill pay), Customer Management (database with payment tracking), Business Insights (real-time analytics), and ACH/eCheck Processing. For SaaS companies, the Integrated Payments platform enables embedded payments within their software. The platform supports omnichannel payments across online, in-person, mobile, and field locations, with hardware card readers available in mobile and desktop variants. PaySimple also offers franchise/multi-location solutions for businesses with multiple locations.

Differentiator

Problem solved

Functional benefit

Products and services

• PaySimple Platform Cloud-based payment management platform providing integrated payment processing, billing automation, and customer management for small and service-based businesses.
• PaySimple API RESTful open APIs enabling developers to integrate payment acceptance, billing solutions, and mobile capabilities into their own software platforms with hosted checkout, webhooks, and PCI-compliant payment processing. No API surcharges.
• PaySimple Mobile App Mobile application for iOS and Android enabling businesses to accept credit card and ACH payments, access customer information, manage service offerings, and view reports on the go.
• Integrated Payments Embedded payment solution for SaaS companies and software platforms, offering APIs, SDKs, and integration tools that enable partners to accept payments, automate billing, and reconcile deposits within their software.
• Online Store Online storefront builder enabling service businesses to generate sales 24/7 with a professionally branded digital presence accessible from computers, tablets, and phones.
• Point of Sale (POS) Flexible point-of-sale solution built for service-based businesses to collect payments, tie orders and payments to customer records, and manage sales from one interface.
• Online Invoicing Online invoicing software allowing businesses to send professional email invoices with credit, debit, and ACH payment processing, automatic reminders, and late fee management.
• Customer Portal Self-service online portal empowering customers to access their accounts, manage payment preferences, update payment methods, and pay bills 24/7 with PCI-DSS compliant security.
• Recurring Billing Automated billing software enabling businesses to collect payment information once and automate all future payments through recurring billing schedules for online, in-person, or mobile payments.
• Customer Management Online customer database software combining customer data management with payment processes, enabling businesses to store customer information, track purchase history, and manage cash flow with real-time data.
• Business Insights Real-time business analytics and reporting dashboard providing up-to-date performance metrics, customizable reports, and cash flow visibility to help small businesses make data-driven decisions.
• ACH/eCheck Processing ACH payment processing software enabling businesses to accept one-time or recurring ACH payments online, in-person, over the phone, or on mobile devices at rates as low as 60 cents plus 0.2% per transaction (with broader tier as low as 1.00% + $0.30).
• Franchise Solutions Multi-location management solution allowing franchise businesses to manage payment acceptance and billing across all locations from a single platform with multi-channel payment options.
• Hardware (Card Readers) Secure, tamper-resistant card readers with swipe, EMV chip, and contactless/NFC capabilities available in mobile and desktop variants for various business needs.
• eCommerce Platform for Services PaySimple's first eCommerce platform for service-based businesses, enabling service providers to sell online.
• BookSimple Online Scheduling Software Online scheduling software for service-based businesses.
• ReceivablesPro Private-label Solution Turnkey private-label receivables automation solution for banks and financial institutions.

Quantifiable outcome

• Helped over 22,000 business owners streamline billing and payment acceptance since 2006
• +3 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration20 records

Feature7 records

Partnerships

Eleven partnerships are on record, tiered core, secondary and major.

• MarketSharpcoreTechnology or Integration · 6 November 2018Payment integration with MarketSharp's CRM software for the remodeling and home services industry, targeting service-based contractors.
• MailChimpsecondaryTechnology or Integration · 22 August 2018Announced MailChimp integration enabling businesses to sync payment and customer data for email marketing campaigns and customer retention.
• Constant ContactsecondaryTechnology or Integration · 22 August 2018Announced Constant Contact integration allowing businesses to connect payment data with email marketing and automation tools.
• improveit 360secondaryTechnology or Integration · 15 May 2018Payment integration with improveit 360's CRM software for contractors, remodelers and home improvement professionals.
• QuickBooks OnlinecoreTechnology or Integration · 8 May 2018Integrated with QuickBooks Online to allow seamless synchronization of payment and billing data with accounting software for small businesses.
• Profit RhinosecondaryTechnology or Integration · 5 April 2018Payment integration with Profit Rhino's mobile flat rate selling application for home service companies.
• RainMakersecondaryTechnology or Integration · 17 March 2015Partnership with RainMaker to deliver membership and billing management services for martial arts schools.
• CheckAltsecondaryTechnology or Integration · 18 March 2013Partnered with CheckAlt to provide a suite of payments and receivables tools to small and mid-size businesses.
• Fitness Center PartnerssecondaryTechnology or Integration · 29 January 2013Launched three new partnerships to power member payment acceptance for fitness centers.
• Chase InkmajorTechnology or Integration · 8 November 2011Partnered with Ink from Chase to introduce ZipSM, an online invoicing and payment acceptance solution to help small businesses automate receivables. Chase powered PaySimple's small-business cash management system.
• MailchimpsecondaryTechnology or IntegrationEmail marketing integration allowing sync of payment and customer data to Mailchimp accounts for customer retention and marketing campaigns.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Square (Block): Square offers integrated payment processing, POS, and business management tools for SMBs across many verticals. It is a much larger, broadly diversified competitor with overlapping credit card and ACH processing, recurring billing, and embedded payment capabilities targeting similar SMB service-based customers.
• Stripe: Stripe provides payment processing APIs and embedded finance infrastructure broadly across internet businesses and SaaS platforms. It competes with PaySimple's API/embedded payments offering and merchant gateway capabilities, particularly for SaaS partners and online merchants.
• Clover (Fiserv): Clover is a Fiserv-owned POS and business management platform serving SMBs with integrated payments, hardware, and software. It competes with PaySimple on in-person payments, POS, and omnichannel SMB payment acceptance.

Direct peers

• Helcim: Helcim is an SMB-focused payment processor offering credit card and ACH processing, recurring billing, invoicing, and an integrated platform for small businesses. It directly competes with PaySimple on transparent pricing, integrated billing, and SMB-focused service features.
• Stax (formerly Fattmerchant): Stax provides subscription-based payment processing with integrated billing for SMBs, including monthly subscription pricing rather than traditional interchange-plus models. It competes with PaySimple on recurring billing, ACH processing, and SMB merchant acquisition.
• Bill.com: Bill.com offers integrated billing, invoicing, and payment automation software for SMBs and mid-market businesses. It competes with PaySimple on online invoicing, recurring billing, and AP/AR automation use cases.
• Wave Financial: Wave provides free and low-cost invoicing, accounting, and payment processing for very small businesses and freelancers. It competes with PaySimple on integrated invoicing and ACH/credit card payment acceptance for micro-SMBs.

Emerging players

• ServiceTitan: ServiceTitan is a vertical SaaS platform for home and field service businesses with embedded payments and financing. While not a direct payment processor competitor, its integrated payment rails threaten PaySimple's home services vertical specialization.
• Jobber: Jobber provides field service management software for home service businesses with integrated payment processing. It competes with PaySimple on the home services vertical for SMB payment and billing workflows.
• Mindbody: Mindbody is a vertical SaaS platform for fitness and wellness businesses with integrated payment processing and recurring billing. It competes with PaySimple's fitness/wellness vertical by offering bundled software-plus-payments solutions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/paysimple
• Xx.com/PaySimple
• Facebookfacebook.com/paysimple

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds5 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PaySimple