I guess this is just a template site to get them started, as it only has a basic summary of what they do so far and nothing about whatever their USP is. Obviously there are plenty of invoicing and payment collection services out there already, so hopefully they'll add some more details about what makes them special at some point.
I disagree completely. Their USP is clear - they are an accounts receivable team for getting paid on time. Freshbooks, Hiveage and most of the others just let you send invoices online - they don't interact with your clients. These guys handle all of the A/R by making phone calls, sending reminders, followups, cashing checks etc.
Very similar to http://zencash.com who spell it out a bit better, but definitely solving a real problem that a lot of companies face.
No affiliation, except long-time customer, but I always pimp FreshBooks whenever invoicing comes up. They've been around a while and have a solid product.
My main thought when looking over PayTango was "Is there any reason I would want to switch to this from Freshbooks?" From what I can see, the answer is "no."
I'm always struck by how none of these services ever integrate with classic old QuickBooks. Since that's the dominant accounting system for the same target market this is serving, does anyone know why that integration isn't more ubiquitous?
Overall neat concept, but I really hate the idea of paying them 3% of my entire revenue just for sending invoices. I suppose that's about what credit cards charge, but if the customer pays check/cash, I hate to throw my 3% just toward sending an invoice.
Hi Josh,
I was able to find a few that do integrate by going to Intuit's App center (Intuit makes QuickBooks). As n FYI, by far my favorite & the most affordable is Funding Gate's Receivables Manager. If you're a mic biz (less than 10 clients/invoices) you can use the software for free (awesome!). Here's their Intuit review http://appcenter.intuit.com/fundinggates
As a more general answer to your posed question, always check the parent company's site-- most companies are pushing upgrades, integrations, and overall partnerships with their original software. Branding/Co Branding new apps and software is also a new "big thing".
The app demoed at PennApps, and then Carnegie Mellon University adopted the tech (biometric payments) for some of their on-campus restaurants. And then, Y-Combinator.
2-3% of the invoice value seems high to me. They aren't providing any additional value for larger invoices, so why should they receive a percentage of the total?
I use Harvest for my invoicing needs and it's the same thing.
2.9% is a pretty standard credit card processing fee. You'll find that it's the same price if you tried to do your own payment processing via stripe or paypal.
Good, cheap alternative for small businesses is Funding Gates' Receivables Manager. Helps you efficiently and successfully track down those past due bills, and just in general, helps you stay organized when it comes to invoices and AR. Their style is to keep you more involved, as most small businesses are built on strong, personal relationships no?
- From a girl with many, many small business owners in her family
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[ 4.2 ms ] story [ 59.2 ms ] threadVery similar to http://zencash.com who spell it out a bit better, but definitely solving a real problem that a lot of companies face.
http://freshbooks.com
Do yourself a favor and check them out if you're shopping for this type of service.
http://techcrunch.com/2013/03/25/paytango/
Overall neat concept, but I really hate the idea of paying them 3% of my entire revenue just for sending invoices. I suppose that's about what credit cards charge, but if the customer pays check/cash, I hate to throw my 3% just toward sending an invoice.
As a more general answer to your posed question, always check the parent company's site-- most companies are pushing upgrades, integrations, and overall partnerships with their original software. Branding/Co Branding new apps and software is also a new "big thing".
2.9% is a pretty standard credit card processing fee. You'll find that it's the same price if you tried to do your own payment processing via stripe or paypal.
Its called BillerApp, theyve just never marketed it
http://labs.healpay.com