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VelocityPay description
VelocityPay is a payment processing software designed for businesses of all sizes. It allows you to accept credit card payments and transfer funds directly to your bank account, often within the same day. VelocityPay eliminates the need for a traditional point-of-sale system and simplifies payment reconciliation. The software is compatible with VISA, Mastercard, and Rupay and prioritizes secure transactions. It's accessible through a user-friendly mobile app (available on both Android and iOS).
Who is VelocityPay best for
VelocityPay is a payment processing solution designed for small businesses. It simplifies credit card acceptance and offers same-day bank transfers. It eliminates the need for traditional POS systems and streamlines reconciliation. Available on Android and iOS, VelocityPay is compatible with major credit cards and prioritizes secure transactions.
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Ideal for small businesses seeking streamlined credit card processing.
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There is no data about industry fit.
VelocityPay features
| Supported VelocityPay provides a unified home screen for clear payment overviews and effortless quick actions. |
| Supported VelocityPay allows efficient management of payees, including adding new ones and viewing transaction histories. |
| Supported VelocityPay ensures secure payments with PCI-DSS compliance without storing card details. |
| Supported VelocityPay simplifies invoice management by adding invoices from various channels like WhatsApp and Email. |
| Supported VelocityPay supports various payment methods including Visa and Mastercard, along with UPI payments. |
| Supported VelocityPay tracks recent payees for quick access and efficient payment processing. |
| Supported VelocityPay integrates seamlessly with accounting software like Tally for streamlined financial management. |
VelocityPay pricing
The commentary is based on 1 reviews from VelocityPay G2 reviews.
Velocity Pay is a payment processing software that simplifies payment reconciliation and eliminates the need for a traditional POS system. It is compatible with VISA, Mastercard, and Rupay and prioritizes secure transactions. It's accessible through a user-friendly mobile app (available on both Android and iOS).
Users sentiment
See the VelocityPay pricing page.
VelocityPay alternatives
VersapayBetter fit for medium-sized businesses in various sectors, including finance, retail, and professional services. Offers features like online payments, automated reminders, and a payment portal. Has strong ratings and positive user reviews, but some report implementation challenges and slow customer service. A Versapay alternative for smaller businesses.Read more
PaySimpleBetter for larger or service-based businesses needing recurring billing, customer management, and financial reporting tools. Has broader industry applicability. Greater brand awareness and online presence, despite slower employee growth. More user reviews available highlighting positive customer service and ease of use for basic transactions, but some report difficulties with accounting integration and limited customization.Read more
ConnectBoosterBetter for IT service businesses. Has grown website traffic faster but has declining employee growth. Higher rated by users.Read more
ChargezoomBetter fit for established businesses in specific sectors like finance, manufacturing, education, media, and IT. A VelocityPay competitor and alternative.Read more
PayRequestBetter for a wide range of industries. Suitable for larger companies. PayRequest integrates with Stripe, PayPal, and Mollie. More positive user reviews.Read more
FortisBetter for larger businesses and integrates with ERPs. Has more momentum but users report issues with cancellations, fees, and customer service.Read more
VelocityPay FAQ
What is VelocityPay and what does VelocityPay do?
VelocityPay is a payment processing software for businesses to accept credit card payments and transfer funds directly to their bank accounts, often same-day. It eliminates the need for traditional POS systems and simplifies payment reconciliation, supporting VISA, Mastercard, and Rupay via a user-friendly mobile app.
How does VelocityPay integrate with other tools?
There is no information available regarding VelocityPay's integrations with other tools. It's designed as a standalone payment processing solution, primarily focused on simplifying credit card acceptance and direct bank transfers.
What the main competitors of VelocityPay?
Alternatives to VelocityPay include Versapay, PaySimple, ConnectBooster, Chargezoom, PayRequest, and Fortis. These competitors offer similar payment processing features, often with additional functionalities like recurring billing and integrations with accounting software.
Is VelocityPay legit?
VelocityPay's legitimacy is uncertain. While it offers convenient payment processing features, user reviews are scarce, with a low 1/5 rating on G2. Further research is advised to determine if VelocityPay is safe and suitable for your business.
How much does VelocityPay cost?
I couldn't find pricing information for VelocityPay. If you're interested in learning more about VelocityPay's product pricing or whether it's worth the investment, I recommend contacting them directly.
Is VelocityPay customer service good?
VelocityPay's customer service receives negative feedback. Users report a smooth onboarding process, but subsequent support is lacking, with unresponsive helplines and difficulty canceling services. Consider exploring alternative providers for better customer support.
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.