PaymentSpring

paymentspayment gatewaysoftware/whitelabel/apis-paymentsprocessors

STATUS: Acquired/Merged
FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 09/07/2020

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About

Payment Spring is a payment service provider that offers a payment gateway for software platforms, businesses & nonprofits. Payment Spring offers a dashboard that brings mobile and desktop website purchases or donations together in a single reporting system. It leverages end-to-end encryption, tokenization and vaulting safeguards to assists users with swipe payments and donations in a secured way.

Focus

PRODUCTS & SERVICES

Payment Spring’s gateway enable users to consolidate mobile and online payments, store customer data in a secured manner, process credit card payments and ACH deposits, set up recurring payments, create and send invoices, refund transactions and send receipts, and verify addresses to reduce declined transactions, etc.

REVENUE MODEL

The company earns by charging transaction fee which is: 1. For Mobile, Card Present Transactions it charges $5 monthly mobile fee, $59 EMV per chip reader and 2.75% per transaction. 2. For eCommerce, Card Not Present Transactions it charges ACH transactions 0.8% and 2.9% + 30 cents per transaction.

MAIN CLIENTS

Software platforms

Businesses and Non-profits

People

FOUNDERS

Jay Wilkinson

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

Cory Mann(SVP)

Mitch Treu(VP of Business Development)

Brian McGarry(SVP)

Momentum

FUNDED

NO

LISTED

NO

BASICS

STATUS:

Acquired/Merged

FOUNDING YEAR:

2012

LOCATION:

United States

Views:

64 VISITORS | 109 VIEWS
TOTAL EMPLOYEES
11-50

About

Payment Spring is a payment service provider that offers a payment gateway for software platforms, businesses & nonprofits. Payment Spring offers a dashboard that brings mobile and desktop website purchases or donations together in a single reporting system. It leverages end-to-end encryption, tokenization and vaulting safeguards to assists users with swipe payments and donations in a secured way.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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