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Accounting & Audit

2017 Overview of PaySimple – Accounts Receivable Functions

PaySimple is a payment processing solution that is designed to process payments of all types, including credit and debit cards, eChecks, and ACH transfers, with payments processed on a one-time or recurring basis. PaySimple tracks invoices ...

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PaySimple: www.paysimple.com

From the 2017 Reviews of Accounts Receivable Systems.

PaySimple is a payment processing solution that is designed to process payments of all types, including credit and debit cards, eChecks, and ACH transfers, with payments processed on a one-time or recurring basis. PaySimple tracks invoices, indicating which invoices are due.

When payments are received, the funds are automatically deposited into a business’s bank account. Recurring billing is also available in PaySimple; once billing data is entered, PaySimple will automatically bill a customer.

A mobile app is available that allows PaySimple to be used with smart phones to process payments from anywhere. The product also handles subscription billing, with customers automatically emailed a receipt once payment is received.

Businesses that are interested in using PaySimple will need to submit an application. Application approval typically takes three business days.

PaySimple is a good solution for those looking to outsource the payment processing function while still retaining some control of the process. PaySimple pricing is $49.95 per month, plus processing fees.

 

 

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