PayEngine provides middleware tools that enable vertical SaaS companies to manage merchant and processor relationships while optimizing payment monetization through tiered pricing and best-in-class buy rates. The platform addresses the complexities of payment processing, including PCI/PII data vaulting and seamless migration from existing processors, enhancing operational efficiency and flexibility.
Funding
$11.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PVFounders
Product
Problem
Vertical SaaS companies face challenges in managing relationships with multiple payment processors and optimizing payment monetization due to complexities in PCI/PII data handling and processor migration. They also struggle with operational inefficiencies and inflexibility related to payment processing.
Solution
PayEngine offers middleware solutions designed to streamline payment management for vertical SaaS businesses. The platform enables companies to manage merchant and processor relationships, optimize payment monetization through tiered pricing and competitive buy rates, and enhance operational efficiency. PayEngine provides tools for PCI/PII data vaulting, simplifying the process of storing sensitive payment information and ensuring flexibility when changing processors or billing terms. The platform also supports seamless migration from existing processors through gateway-only modes and API emulation, minimizing disruption and maximizing control.
Target Audience
The primary target audience includes vertical SaaS companies seeking to better manage their merchants and processor relationships, optimize payment monetization, and improve operational efficiency.
Features
- Middleware orchestration for optimized payment processing
- PCI/PII data vaulting to prevent vendor lock-in
- Gateway-only modes and API emulation for easy migration
- Universal onboarding tools with operator assist
- Support for complex payouts, wallet features, and consolidated reporting
- Tap-to-Pay mobile solution
- Branded payment devices with certification handling
- Consolidated reporting across processors and payment types
- Drop-in widgets, low-code, and full API integrations