Payfirma Brings Enterprise Level Payment Solutions to SMBs, Raised $5.47 Mn

Payfirma is a company that develops payment processing applications to enable businesses to accept credit & debit cards in their stores, online and on their mobile devices. The company recently announced that developers can now also use Payfirma’s easy-to-integrate API to build versatile products for accepting payments online and on mobile devices.

Payfirma was founded in January 2011 by Michael Gokturk (CEO). The management team includes Susan Spriggs (COO)and Jason Collinge (CTO). Payfirma has received a total funding of $5.47 Mn.

This video gives you an overview of their platform:

Payfirma’s API can be used to accommodate the needs of any business whether integrating Payfirma’s mobile payment app with their own iOS/Android offering or launching an online store.

This API was created in response to the growing number of businesses that see the benefits of selling across multiple channels, said Payfirma CEO, Michael Gokturk. Our research shows 76% of Payfirma’s customers are requesting multichannel solutions when it comes to accepting payments, he added.

  • Additional solutions like customer vault functionality for securely storing credit card information or recurring billing to schedule automated payments. are available in one place and on a secure platform that takes away developer concerns for PCI compliance.
  • Building products with Payfirma’s API means having the flexibility to add on more services, features or payment channels as a business grows.

Consumers want to pay when, where and how they like. For businesses to compete and serve these customers, they need to offer a seamless experience across mobile, web and in-store shopping, said Gokturk. Now any merchant can provide an omni-channel payment experience by using our simple API to build custom payment solutions with access to reporting and analytics – the first of its kind in the known universe!

As for Pricing:

Recently, Payfirma added Recurring Billing solutions to its suite of payment products. The company says its latest product is designed for installment payments, subscriptions and memberships and offers an automated solution that’s easy to use. Payfirma’s new Recurring Billing enables merchants to automate online credit card billing; access payment analytics and customer payment history; manage plan details such as billing amounts, cycles and card information; and customize settings as well as scheduling of billing plans.