VizyPay Highlights New Offerings, Increased Savings for Merchants in Mid-Year Report
24 Julio 2024 - 8:00AM
VizyPay, the leading payment processing fintech serving small
businesses in rural America, today announces its latest savings
numbers and new initiatives to carry out 2024.
Due to growing demand and evolving needs for VizyPay services by
small business owners, the fintech company has expanded its
operations and enhanced its offerings. This includes an upgrade to
its True Cash Discount app, a substantial investment and
collaboration with Clover terminal products, and an increased focus
on exceptional client support.
“Based on industry trends, feedback we’re receiving from our
merchants and the success rates we’ve been seeing, we’re exploring
a few different options for growth in the future. Right now we have
an intense focus on optimizing our solutions, building out our
fintech, 1099 and customer support teams, and being the voice for
SMBs,” said VizyPay CEO and Founder Austin Mac Nab. “These
entrepreneurs have taken significant risks to build something
exceptional and it’s our priority to equip them with the best tools
to help them succeed.”
2024 Operational and Financial Highlights:
- True Cash Discount App - For merchants to
optimize operations and maximize profits, VizyPay implemented a
dual pricing feature to its True Cash Discount app. With this
feature, business owners can maintain 100% of the profits on every
sale, regardless of which payment method customers choose.
- Clover - Solidifying its strategic partnership
with Clover, VizyPay invested over $800,000 in Clover terminals and
hardware. This follows an initial $500,000 investment of Clover
products made in January 2024. In August, VizyPay merchants will
have the option to purchase, begin a payment plan or subscription
model when they purchase Clover equipment. This allows for more
options when deploying new equipment or upgrading services to find
a solution that works best for each small business.
- Customer Service - The culture-first company
hit a new milestone of 2,200 reviews on Trustpilot while
maintaining a 4.9-star rating. It had an average answer rate of 23
seconds and a 90.3% success rate of solving tickets at first
glance.
- Growing Revenue – VizyPay’s revenue increased
by 18% in 2023 to $21.5 million and is projected to bring in $24
million in 2024.
- Total Payments Processed – VizyPay’s solutions
have saved merchants more than $40 million in processing fees. In
total, the company has processed 131 million transactions for its
more than 12,000 nationwide merchants. VizyPay is on track to
process $2 billion by the end of the year, bringing the total
number of payments processed since its inception to $6.7
billion.
For more information about VizyPay and how to become a merchant
or partner, visit www.vizypay.com.
About VizyPay Headquartered in Waukee, Iowa,
VizyPay was founded in 2017 by entrepreneurs who each had either
significant credit card processing experience or were previously
small business owners. Their combined understanding of these
different industries created the perfect cocktail for a credit card
processing company that could truly look out for the business
owner. Making a huge splash nationwide by being honest and simple,
VizyPay ranked #1841 on the 2023 Inc. 5000 list of fastest-growing
private companies in America with a three-year revenue growth of
305%.
Media ContactErica TorresUproar PR for
VizyPayetorres@uproarpr.com