Exact Payments Description

Exact Payments, a leader in embedded payment solutions for SaaS businesses, enables them to monetize payments with its turnkey PayFac as a Service solution. Exact Payments handles the heavy lifting for payment operations, allowing software businesses to grow their revenue, valuation and improve product stickiness while increasing customer satisfaction. Today, the company processes over 1 billion transactions and $130bn+ of annual payment volume. Its customers include Fiserv, Ordway Cineplex, Allianz Levi's and Carfax.

Pricing

Pricing Starts At:
Free
Pricing Information:
Always free for everyone. No subscription fees, ever. Share in the revenue from payments processed on your platform.
Free Version:
Yes
Free Trial:
Yes

Integrations

API:
Yes, Exact Payments has an API
No Integrations at this time

Reviews - 4 Verified Reviews

Total
ease
features
design
support
See More Reviews Write a Review

Company Details

Company:
Exact Payments
Year Founded:
1999
Headquarters:
United States
Website:
www.exactpay.com
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Media

Play Video Embedding payments into your software platform is a powerful value driver. Exact has everything you need to build and scale the process of becoming a Payment Facilitator (or PayFac), from instant onboarding to flexible payouts, fraud protection, comprehensive reporting, and end-to-end data security. Flexible pricing models enable you to earn compelling margins on your portfolio. Tap a new revenue stream from payments processed on your platform. With a single API, quickly integrate comprehensive payments infrastructure from underwriting to funding & reconciliation. You’ve signed a new customer! Simply post merchant application data to our Onboarding API. We’ve automated underwriting for near real-time account decisioning. Once approved, receive a webhook notification with account credentials and your customer is live and ready to start accepting payments. All the payment types your customers want and their buyers need. From credit and debit cards to ACH payments, Apple Pay, Google Pay, and more. With Exact as your payments partner, you leave the details to us. Everything from PCI data security to Visa and Mastercard compliance programs to managing fraud and chargeback risk — we own it.

Product Details

Platforms
SaaS
Type of Training
Documentation
Live Online
Videos
Customer Support
Phone Support
Online

Exact Payments Features and Options

Payment Gateways

ACH / eCheck support
Buyer Authentication
Credit / Debit Support
Customer Information Storage
Fraud Prevention
Invoicing
Multi-Currency
PCI Compliance
Point-of-Sale (POS)
Recurring Billing / Subscriptions
Reporting / Analytics

Payment Processing Software

ACH Check Transactions
Bitcoin Compatible
Debit Card Support
Gift Card Management
Mobile Payments
Online Payments
POS Transactions
Receipt Printing
Recurring Billing
Signature Capture

Subscription Management Software

Cancellation Management
Discount / Coupon Management
Dunning Management
Enrollment Management
Product Catalog
Recurring Billing
Revenue Recognition
Revenue Recovery Tools
Self Service Portal
Subscription Plan Management
Tax Management
Trial Management
Usage Tracking/Analytics

Recurring Billing Software

Customer Portal
Deferred Billing
Discount Management
Dunning Management
Invoice History
Multi-Currency
Multi-Period Recurring Billing
Payment Processing
Recurring Donations
Subscription Billing

Exact Payments User Reviews

Write a Review
  • Name: Anonymous (Verified)
    Job Title: Owner
    Length of product use: 2+ Years
    Used How Often?: Daily
    Role: Administrator
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Exact Payments review

    Date: Jan 16 2024

    Summary: Great experience overall with using website and reporting. Costs seem to be increasing and needs to be controlled.

    Positive: I like the ability to see the reports - transactions in real time. I also like to be able to issue credits if there was an issue.

    Negative: Nothing specific comes to mind but keeping up with technology needs to be a priority.

    Read More...
  • Name: Steve K.
    Job Title: Chief Marketing Officer
    Length of product use: 1-2 Years
    Used How Often?: Daily
    Role: Deployment
    Organization Size: 100 - 499
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Great Payfac-as-a-Service for SaaS companies

    Date: Dec 08 2023

    Summary: Exact Payments has enabled us to move beyond our traditional
    business model, which was focused on generating SaaS subscription revenues. We have now created a new revenue stream that will help us generate expansion ARR with our customers and boost our Net Dollar Retention.

    Positive: 1) Turnkey service - They handle all the operational and regulatory aspects of payment processing that we don't want to do - underwriting, risk management, KYC/KYB, and anti-money laundering.
    2) Excellent customer support - We can interact with real people who help solve our issues. With our other payment processor we can only talk to a chatbot that sends us links to API documentation.
    3) Fast approval process - Other payment processors have complex, offline approval processes that take weeks. With Exact Payments, we've been able to embed the approval process within our application, so it's a seamless, online process for the customer.

    Negative: International payment processing - We hope to use them in Europe and Asia for SEPA, BACS, and other regional payment methods, which is on their roadmap but not currently available.

    Read More...
  • Name: Anonymous (Verified)
    Job Title: EA
    Length of product use: 2+ Years
    Used How Often?: Weekly
    Role: Administrator
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Exact Payments exactly what you need

    Edited: Jan 16 2024

    Summary: I would highly recommend Exact Payments. Interface is easy and friendly to use. They are more than just exact payments.

    Positive: Super friendly and knowledgeable support staff.
    Response time is great.
    Easy to work with.
    No wait time on the phone or buttons to get through to a live person.

    Negative: I have had the pleasure to work with Exact for years and there isn't any con that jumps out that worth mentioning. If any, it'd be minor.

    Read More...
  • Name: Steve C.
    Job Title: Owner Operator
    Length of product use: 2+ Years
    Used How Often?: Daily
    Role: User
    Organization Size: 1 - 25
    Features
    Design
    Ease
    Pricing
    Support
    Likelihood to Recommend to Others
    1 2 3 4 5 6 7 8 9 10

    Smooth process always.

    Date: Dec 05 2023

    Summary: I’ve added locations since my first store and each time things were flawless. I recommend Exact Payments to anyone looking someone to manage payments.

    Positive: I haven’t had any issues with Exact Payments since we started with them. Everything is always on time and very quick.

    Negative: Don’t take discover card was my only issue. That’s my only business credit card, so I gotta charge it on personal and get reimbursed. Not a huge deal.

    Read More...
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