PayPact provides a payment processing platform specializing in B2B transactions and e-commerce. Their service facilitates secure and efficient electronic payments between businesses and online retailers.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges in managing diverse payment methods, integrating with existing systems, and maintaining transparent pricing, leading to inefficiencies and increased operational costs. Traditional payment processing solutions often lack the flexibility to adapt to specific industry needs and fail to provide a seamless experience for both businesses and their customers.
Solution
PayPact offers a comprehensive payment processing platform designed to simplify electronic payments for B2B transactions and e-commerce, providing businesses with the tools to accept payments in person and online. The platform supports various payment methods, including debit cards, credit cards, ACH transfers, and eChecks, ensuring businesses can cater to customer preferences. PayPact integrates with popular ERP, CRM, and accounting systems like QuickBooks, NetSuite, and Salesforce, streamlining financial operations and reducing the need for manual reconciliation. With transparent pricing, no long-term contracts, and a dedicated support team, PayPact aims to provide businesses with a reliable and cost-effective payment processing solution. The platform's features, such as automated invoicing, recurring billing, and mobile payment capabilities, are designed to enhance efficiency and improve cash flow management.
Target Audience
PayPact primarily serves small to large businesses across various industries, including automotive, legal, energy, financial services, healthcare, restaurants, and retail, seeking to streamline payment processing and improve financial management.
Features
- In-person payment processing with modern terminals supporting EMV, contactless payments, and mobile wallets like Apple Pay and Google Pay
- E-commerce payment gateway for secure online transactions, including direct shopping cart integration and API access
- B2B payment solutions with automated invoicing, Level II and Level III data processing, and vendor payment management
- Mobile payment app for iOS and Android, enabling on-the-go payment acceptance with card readers and detailed business insights
- ACH and eCheck processing for streamlined electronic fund transfers, supporting both one-time and recurring payments
- Integration with ERP, CRM, and accounting systems, including QuickBooks, NetSuite, Salesforce, and Magento
- Customizable payment forms and branding tools to create a seamless customer experience
- Robust security measures, including encryption, tokenization, and fraud protection
- Reporting and analytics dashboard for tracking sales trends, managing cash flow, and monitoring payment performance
- Surcharging and cash discounting options to minimize processing fees