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PayTrace description
PayTrace is a payment processing platform designed for mid-sized B2B companies in various industries like healthcare and manufacturing. It allows businesses to accept payments online, in person, or through integrated systems. PayTrace focuses on automating accounts receivable to get you paid faster and reduce credit card processing costs. They stand out by offering interchange optimization for lower transaction fees and providing free US-based customer support.
Who is PayTrace best for
PayTrace is a payment processing platform for mid-sized B2B companies. It automates accounts receivable, lowering transaction fees through interchange optimization. PayTrace enables online, in-person, and integrated system payments. They offer free US-based customer support.
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Best for medium businesses (101-1000 employees); suitable for large enterprises (1000+).
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Designed for B2B companies across various sectors, especially healthcare and manufacturing.
PayTrace features
| Supported PayTrace offers accounts receivable automation with Trace AR. |
| Supported PayTrace offers a secure payment vault for storing sensitive payment information, reducing PCI compliance burden, and enabling recurring billing. |
| Supported PayTrace supports secure automated payments, refunds, and fraud prevention. |
| Supported PayTrace integrates with payment processors and likely supports subscription platforms via its API. |
| Supported PayTrace is a payment gateway and integrates with various platforms. |
PayTrace alternatives
REPAYBetter for managing both payables and receivables. A PayTrace alternative and competitor, REPAY offers a single platform for all payment operations.Read more
Stripe ConnectBetter for platforms and marketplaces needing integrated payment solutions. Has broader industry applicability. Growing faster than PayTrace. Negative user sentiment around customer support.Read more
XeroBetter for small to medium businesses needing accounting software. Broader industry applicability. More user reviews available. Xero is a PayTrace alternative and competitor.Read more
PayhawkBetter for larger companies needing global spend management, expense tracking, and multi-currency support. A PayTrace competitor focusing on broader financial platform features.Read more
Partial.lyBetter for smaller businesses seeking flexible payment plans. Has grown its employee base more rapidly. Users praise the flexible payment options and integrations, but dislike the lack of buyer protection and customer support.Read more
BILL AP/ARBetter for small businesses and those focused on financial operations in the USA. It has slightly more momentum than PayTrace. Users praise its ease of use and vendor network but dislike syncing errors and AR system issues.Read more
PayTrace FAQ
What is PayTrace and what does PayTrace do?
PayTrace is a payment processing platform for mid-sized B2B companies. It automates accounts receivable, supports online, in-person, and integrated payments, and offers interchange optimization for lower transaction fees. PayTrace also provides free US-based customer support.
How does PayTrace integrate with other tools?
PayTrace integrates with various payment processors and platforms. It offers a secure payment vault and supports automated payments, refunds, and fraud prevention. Additionally, PayTrace supports subscription platforms and other integrations through its API.
What the main competitors of PayTrace?
PayTrace competitors include REPAY, Stripe Connect, Xero, Payhawk, Partial.ly, and BILL AP/AR. These alternatives offer similar features such as payment processing, accounts receivable automation, and financial management tools.
Is PayTrace legit?
Yes, PayTrace is a legitimate payment processing platform. It offers various features such as accounts receivable automation, a secure payment vault, and payment gateway integrations. PayTrace focuses on helping mid-sized B2B companies optimize transaction fees and get paid faster.
How much does PayTrace cost?
PayTrace doesn't publicly disclose its pricing. Contact their sales team for a custom quote based on your business needs. Consider factors like transaction volume and desired features when evaluating if PayTrace is worth the cost.
Is PayTrace customer service good?
PayTrace customer service receives mixed reviews. While some users praise the knowledgeable and helpful support staff, others express frustration with slow response times and limited availability, especially during peak hours.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.