Jump to content

Payanywhere: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
Nabhmktg (talk | contribs)
65 edits
No edit summary
GreenC bot (talk | contribs)
Bots
2,547,815 edits
 
(28 intermediate revisions by 14 users not shown)
Line 1: Line 1:
{{short description|Payments platform and app}}
{{Infobox company
{{Infobox company
| name = PayAnywhere
| name = Payanywhere
| type = [[Private company|Private]]
| type = [[Private company|Private]]
| founder = Marc Gardner
| founder = Marc Gardner
Line 7: Line 8:
| founded = January 2011
| founded = January 2011
| industry = [[Mobile Payments]]
| industry = [[Mobile Payments]]
| website = [http://www.payanywhere.com/ payanywhere.com]
| website = {{url|https://www.payanywhere.com/}}
}}
}}


'''PayAnywhere''' is a payments platform and app that allows merchants in the United States to accept [[Credit card|credit]] and [[debit card]] payments while building customer relationships in-store, online, or on the go. Merchants may accept payments on their smartphone via a [[Bluetooth]] [[card reader]] or on an in-store “Storefront” solution featuring a tablet and stand, which was introduced on April 8, 2014.<ref>{{cite web|url=http://www.prweb.com/releases/2014/04/prweb11744968.htm |title=PayAnywhere Introduces First Ever Free Tablet Payment Solution |publisher=Cision |date=2014-04-08 |accessdate=2018-06-14}}</ref> PayAnywhere offers [[Card reader|credit card readers]] and apps that are compatible with both Apple and Android devices.<ref>{{cite web|url=http://www.payanywhere.com |title=PayAnywhere Point of Sale System |publisher=PayAnywhere |accessdate=2018-06-14}}</ref>
'''Payanywhere''' is a payments platform and app that allows merchants in the United States to accept [[Credit card|credit]] and [[debit card]] payments while building customer relationships in-store, online, or on the go. Merchants may accept payments on their smartphone via a [[Bluetooth]] [[card reader]] or on an in-store “Storefront” solution{{solution-inline|date=August 2019}} featuring a tablet and stand, which was introduced on April 8, 2014.<ref>{{cite web |url=https://www.prweb.com/releases/payanywhere_introduces_first_ever_free_tablet_payment_solution/prweb11744968.htm |title=PayAnywhere Introduces First Ever Free Tablet Payment Solution |publisher=Cision |date=2014-04-08 |access-date=2018-06-14 |archive-date=2020-08-06 |archive-url=https://web.archive.org/web/20200806060008/http://www.prweb.com/releases/2014/04/prweb11744968.htm |url-status=live }}</ref> PayAnywhere offers [[Card reader|credit card readers]] and apps that are compatible with both Apple and Android devices.<ref>{{cite web |url=http://www.payanywhere.com/ |title=Payanywhere Point of Sale System |publisher=Payanywhere |accessdate=2018-06-14 |archive-date=2018-06-14 |archive-url=https://web.archive.org/web/20180614221257/https://www.payanywhere.com/ |url-status=live }}</ref>


Announced in late August 2015, a new PayAnywhere reader for iOS phones and tablets added [[Apple Pay]] support, as well as [[Contactless payment|NFC]], [[EMV]] and [[Magnetic stripe card|magnetic stripe]] acceptance. It was available exclusively from Apple’s retail and online store(s). Android tablet support was added in early October of that year.<ref>{{cite web|url=https://9to5mac.com/2015/08/27/apple-pay-payanywhere/ |title=Apple partners with PayAnywhere to bring Apple Pay to 300k new locations |publisher=9to5Mac |date=2015-08-27 |accessdate=2018-06-14}}</ref>
Announced in late August 2015, a new Payanywhere reader for iOS phones and tablets added [[Apple Pay]] support, as well as [[Contactless payment|NFC]], [[EMV]] and [[Magnetic stripe card|magnetic stripe]] acceptance. It was available exclusively from Apple’s retail and online store(s). Android tablet support was added in early October of that year.<ref>{{cite web |url=https://9to5mac.com/2015/08/27/apple-pay-payanywhere/ |title=Apple partners with Payanywhere to bring Apple Pay to 300k new locations |publisher=9to5Mac |date=2015-08-27 |accessdate=2018-06-14 |archive-date=2018-06-15 |archive-url=https://web.archive.org/web/20180615023312/https://9to5mac.com/2015/08/27/apple-pay-payanywhere/ |url-status=live }}</ref>


A key feature of the [[Payment service provider|solution platform]] beyond payment acceptance is PayAnywhere Inside, an online merchant portal that enables businesses to access reporting, manage employee permissions, accept phone and online payments via a [[virtual terminal]], send and manage invoices, take action on chargebacks, and access additional business management tools.<ref>{{cite web|url=http://www.payanywhere.com/pa-inside |title=PayAnywhere PA Inside |publisher=PayAnywhere |accessdate=2018-06-14}}</ref>
A key feature of the [[Payment service provider|solution platform]] beyond payment acceptance is Payanywhere Inside, an online merchant portal that enables businesses to access reporting, manage employee permissions, accept phone and [[online payment]]s via a [[virtual terminal]], send and manage invoices, take action on chargebacks, and access additional business management tools.<ref>{{cite web |url=http://www.payanywhere.com/pa-inside |title=Payanywhere PA Inside |publisher=Payanywhere |accessdate=2018-06-14 |archive-date=2018-06-15 |archive-url=https://web.archive.org/web/20180615004718/https://www.payanywhere.com/pa-inside |url-status=live }}</ref>


==History==
==History==
North American Bancard developed the PayAnywhere app internally. PayAnywhere officially launched in January 2011 on the iOS platform. In May 2011, PayAnywhere made its app available for Android devices.<ref>{{cite web|url=https://twitter.com/PayAnywhere/status/73053108334362624 |title=PayAnywhere Twitter |publisher=Twitter.com |date=2011-5-24 |accessdate=2018-06-14}}</ref> PayAnywhere launched an app for BlackBerry smartphones in May 2012, supporting BlackBerry models OS 4.7 or later.<ref>{{cite web|url=https://web.archive.org/web/20140620045815/http://www.payanywhere.com/blog/payanywhere-now-available-in-blackberry-app-world |title=PayAnywhere Mobile Payments App and Credit Card Reader Now Available in BlackBerry App World |publisher=payanywhere.com |date=2012-5-8 |accessdate=2018-06-14}}</ref>
[[North (payment processing company)]] developed the Payanywhere app internally. Payanywhere officially launched in January 2011 on the iOS platform. In May 2011, Payanywhere made its app available for Android devices.<ref>{{cite web |url=https://twitter.com/PayAnywhere/status/73053108334362624 |title=PayAnywhere Twitter |publisher=Twitter.com |date=2011-05-24 |accessdate=2018-06-14 |archive-date=2016-04-09 |archive-url=https://web.archive.org/web/20160409015809/https://twitter.com/payanywhere/status/73053108334362624 |url-status=live }}</ref> Payanywhere launched an app for BlackBerry smartphones in May 2012, supporting BlackBerry models OS 4.7 or later.<ref>{{cite web|url=http://www.payanywhere.com/blog/payanywhere-now-available-in-blackberry-app-world |archive-url=https://web.archive.org/web/20140620045815/http://www.payanywhere.com/blog/payanywhere-now-available-in-blackberry-app-world |url-status=dead |archive-date=2014-06-20 |title=Payanywhere Mobile Payments App and Credit Card Reader Now Available in BlackBerry App World |publisher=payanywhere.com |date=2012-05-08 |accessdate=2018-06-14}}</ref>


In June 2012, PayAnywhere released its [[Android SDK]] to complement its [[iOS SDK]], which was made available in December 2011. The SDKs, available in Basic and Advanced, allow developers to embed [[Card reader|credit card processing]] functionality into their own apps.<ref>{{cite web|url=http://detroit.cbslocal.com/2012/06/04/payanywhere-apis-now-available-for-android-developers/ |title=PayAnywhere APIs Now Available for Android Developers |publisher=CBS Detroit |date=2012-06-04 |accessdate=2018-06-14}}</ref>
In June 2012, Payanywhere released its [[Android SDK]] to complement its [[iOS SDK]], which was made available in December 2011. The SDKs, available in Basic and Advanced, allow developers to embed [[Card reader|credit card processing]] functionality into their own apps.<ref>{{cite web |url=http://detroit.cbslocal.com/2012/06/04/payanywhere-apis-now-available-for-android-developers/ |title=PayAnywhere APIs Now Available for Android Developers |publisher=CBS Detroit |date=2012-06-04 |accessdate=2018-06-14 |archive-date=2018-06-15 |archive-url=https://web.archive.org/web/20180615004338/http://detroit.cbslocal.com/2012/06/04/payanywhere-apis-now-available-for-android-developers/ |url-status=live }}</ref>


PayAnywhere Storefront, a tablet and stand designed for retail payment acceptance, was launched in April 2014.<ref>{{cite web|url=https://www.payanywhere.com/press/press-releases/press-release-april-08-2014 |title=PayAnywhere Introduces First Ever Free Tablet Payment Solution |publisher=PayAnywhere.com |date=2014-04-08 |accessdate=2018-06-14}}</ref>
Payanywhere Storefront, a tablet and stand designed for retail payment acceptance, was launched in April 2014.<ref>{{cite web |url=https://www.payanywhere.com/press/press-releases/press-release-april-08-2014 |title=Payanywhere Introduces First Ever Free Tablet Payment Solution |publisher=payanywhere.com |date=2014-04-08 |accessdate=2018-06-14 |archive-date=2018-06-15 |archive-url=https://web.archive.org/web/20180615004350/https://www.payanywhere.com/press/press-releases/press-release-april-08-2014 |url-status=live }}</ref>


In August of 2015, PayAnywhere introduced a new version of its PayAnywhere [[Mobile payment|mobile credit card reader]] that would accept both [[EMV|EMV chip card]] and [[Apple Pay]] transactions. Then, in October of that same year, PayAnywhere began offering the only mobile [[Contactless payment|NFC]] reader on the market that accepted [[Apple Pay]], [[Android Pay]], and [[Samsung Pay]].<ref>{{cite web|url=https://www.payanywhere.com/press/press-releases/press-release-october-26-2015 |title=PayAnywhere’s New NFC Reader Accepts Apple Pay, Android Pay and Samsung Pay |publisher=PayAnywhere.com |date=2015-10-26 |accessdate=2018-06-14}}</ref>
In August 2015, Payanywhere introduced a new version of its Payanywhere [[Mobile payment|mobile credit card reader]] that would accept both [[EMV|EMV chip card]] and [[Apple Pay]] transactions. Then, in October of that same year, Payanywhere began offering the only mobile [[Contactless payment|NFC]] reader on the market that accepted [[Apple Pay]], [[Android Pay]], and [[Samsung Pay]].<ref>{{cite web |url=https://www.payanywhere.com/press/press-releases/press-release-october-26-2015 |title=Payanywhere's New NFC Reader Accepts Apple Pay, Android Pay and Samsung Pay |publisher=payanywhere.com |date=2015-10-26 |accessdate=2018-06-14 |archive-date=2018-06-15 |archive-url=https://web.archive.org/web/20180615004412/https://www.payanywhere.com/press/press-releases/press-release-october-26-2015 |url-status=live }}</ref>


In September of 2017, PayAnywhere became the first payment processor to offer [[Bluetooth]] [[EMV|EMV credit card readers]] without a monthly fee. As of December 2017, PayAnywhere users are able to use a camera or [[Barcode Scanner (application)|barcode scanner]] to accept [[Alipay]] through both the mobile app and PayAnywhere Storefront.<ref>{{cite web|url=https://www.payanywhere.com/press/press-releases/press-release-october-19th-2017 |title=North American Bancard Brings Alipay to Main Street Merchants |publisher=PayAnywhere.com |date=2017-10-19 |accessdate=2018-06-14}}</ref>
In September 2017, Payanywhere became the first payment processor to offer [[Bluetooth]] [[EMV|EMV credit card readers]] without a monthly fee. As of December 2017, Payanywhere users are able to use a camera or [[Barcode Scanner (application)|barcode scanner]] to accept [[Alipay]] through both the mobile app and Payanywhere Storefront.<ref>{{cite web |url=https://www.payanywhere.com/press/press-releases/press-release-october-19th-2017 |title=North American Bancard Brings Alipay to Main Street Merchants |publisher=payanywhere.com |date=2017-10-19 |accessdate=2018-06-14 |archive-date=2018-06-15 |archive-url=https://web.archive.org/web/20180615004352/https://www.payanywhere.com/press/press-releases/press-release-october-19th-2017 |url-status=live }}</ref>


==Overview==
==Overview==
PayAnywhere’s payments platform allows merchants to accept credit and debit card payments on a smartphone or tablet (Storefront) while also enabling them to view reporting, send and receive invoices, accept online payments through a [[virtual terminal]], and manage employees, customers, and inventory. Merchants may accept traditional [[Magnetic stripe card|magstriped credit]] and debit cards, along with [[EMV|EMV chip cards]], and [[Contactless payment|NFC payments]] like [[ApplePay]] – all with next-day funding, access to PayAnywhere Inside, a secure, online merchant portal, and live customer and technical support.
Payanywhere’s payments platform allows merchants to accept credit and debit card payments on a smartphone or tablet (Storefront) while also enabling them to view reporting, send and receive invoices, accept online payments through a [[virtual terminal]], and manage employees, customers, and inventory. Merchants may accept traditional [[Magnetic stripe card|magstriped credit]] and debit cards, along with [[EMV|EMV chip cards]], and [[Contactless payment|NFC payments]] like [[ApplePay]] – all with next-day funding, access to Payanywhere Inside, a secure, online merchant portal, and live customer and technical support.


==Business model==
==Business model==


PayAnywhere offers Standard (as low as 1.69% per swipe), Pay-As-You-Go (as low as 2.69% per swipe) and Custom pricing models. Up-to-date versions of the app can be downloaded, at no cost, in the App Store and Google Play. Merchants can accept [[Visa Inc.|Visa]], [[MasterCard]], [[Discover Card|Discover]], and [[American Express]] credit and debit cards. As of December 2015, PayAnywhere charges inactivity fees for idle accounts; otherwise they claim there are no monthly fees or cancellation fees.<ref>{{cite web|url=https://www.payanywhere.com/ |title=PayAnywhere Point of Sale System |publisher=PayAnywhere.com |accessdate=2018-06-14}}</ref>
Payanywhere offers Standard (as low as 1.69% per swipe), Pay-As-You-Go (as low as 2.69% per swipe) and Custom pricing models. Up-to-date versions of the app can be downloaded, at no cost, in the App Store and Google Play. Merchants can accept [[Visa Inc.|Visa]], [[MasterCard]], [[Discover Card|Discover]], and [[American Express]] credit and debit cards. As of December 2015, Payanywhere charges inactivity fees for idle accounts; otherwise they claim there are no monthly fees or cancellation fees.<ref>{{cite web |url=https://www.payanywhere.com/ |title=Payanywhere Point of Sale System |publisher=payanywhere.com |accessdate=2018-06-14 |archive-date=2013-03-02 |archive-url=https://web.archive.org/web/20130302132535/http://www.payanywhere.com/ |url-status=live }}</ref>


The PayAnywhere platform also includes security features like [[Encryption|data encryption]], [[Tokenization (data security)|tokenization]], and fraud protection. Additionally, in-app and online reporting provide small and medium-sized business owners with analysis tools. Users can monitor their daily sales, create inventories and generate customized reports of all sales activity in real time. This enables users to track sales immediately or over the long term and evaluate sales based on time of day, week or month to assess inventory orders and product promotions.
The Payanywhere platform also includes security features like [[Encryption|data encryption]], [[Tokenization (data security)|tokenization]], and fraud protection. Additionally, in-app and online reporting provide small and medium-sized business owners with analysis tools. Users can monitor their daily sales, create inventories and generate customized reports of all sales activity in real time. This enables users to track sales immediately or over the long term and evaluate sales based on time of day, week or month to assess inventory orders and product promotions.


==Features==
==Features==
PayAnywhere offers the following features:<ref>{{cite web|url=https://play.google.com/store/apps/details?id=ban.card.payanywhere |title=PayAnywhere Credit Card Reader |publisher=North American Bancard |accessdate=2013-03-26}}</ref>
Payanywhere offers the following features:<ref>{{cite web |url=https://play.google.com/store/apps/details?id=ban.card.payanywhere |title=Payanywhere Credit Card Reader |publisher=North American Bancard |accessdate=2013-03-26 |archive-date=2013-06-06 |archive-url=https://web.archive.org/web/20130606043322/https://play.google.com/store/apps/details?id=ban.card.payanywhere |url-status=live }}</ref>
* Accept credit and cash transactions in store or on-the-go.
* Accept credit and cash transactions in store or on-the-go.
* Accept magstripe, EMV chip cards, and contactless payments like Apple Pay, Android Pay, and Samsung Pay
* Accept magstripe, EMV chip cards, and contactless payments like Apple Pay, Android Pay, and Samsung Pay
Line 49: Line 50:
* Emailable receipts
* Emailable receipts
* Cash drawer and printer connectivity and QuickBooks integration
* Cash drawer and printer connectivity and QuickBooks integration
* Access to SDKs, APIs, code samples, test accounts, hosted ecommerce solutions, and PC-based middleware
* Access to SDKs, APIs, code samples, test accounts, hosted ecommerce solutions{{solution-inline|date=August 2019}}, and PC-based middleware
* Live customer support through live chat, phone, and email
* Live customer support through live chat, phone, and email
* Access to PayAnywhere Inside, a secure, online merchant portal
* Access to Payanywhere Inside, a secure, online merchant portal


==Retail==
==Retail==
At CTIA Wireless 2012, PayAnywhere announced its intention to expand into the [[retail]] channel, making its [[mobile payment|mobile payment solution]] available in stores and online from retailers nationwide.
At CTIA Wireless 2012, Payanywhere announced its intention to expand into the [[retail]] channel, making its [[mobile payment|mobile payment solution]]{{solution-inline|date=August 2019}} available in stores and online from retailers nationwide.


In November 2012 the company announced its nationwide retail rollout was live. Nationwide retailers include [[WalMart]], [[OfficeMax]] and [[The Home Depot]]. Specialty retailers include [[Pep Boys]] and Hastings. Regional retailers include [[Fred Meyer]] and [[Meijer]]. PayAnywhere is also available for purchase online at [[WalMart]], [[OfficeMax]], and [[Amazon.com]].<ref>{{cite web|url=http://www.prweb.com/releases/2012/12/prweb10196519.htm |title=PayAnywhere Mobile App and Credit Card Reader Now Available from Amazon.com |publisher=Cision |date=2012-12-04 |accessdate=2018-06-14}}</ref>
In November 2012 the company announced its nationwide retail rollout was live. Nationwide retailers include [[Walmart]], [[OfficeMax]] and [[The Home Depot]]. Specialty retailers include [[Pep Boys]] and Hastings. Regional retailers include [[Fred Meyer]] and [[Meijer]]. Payanywhere is also available for purchase online at [[Walmart]], [[OfficeMax]], and [[Amazon.com]].<ref>{{cite web |url=http://www.prweb.com/releases/2012/12/prweb10196519.htm |title=PayAnywhere Mobile App and Credit Card Reader Now Available from Amazon.com |publisher=Cision |date=2012-12-04 |access-date=2018-06-14 |archive-date=2020-08-06 |archive-url=https://web.archive.org/web/20200806064809/http://www.prweb.com/releases/2012/12/prweb10196519.htm |url-status=dead }}</ref>


==Awards and reception==
==Awards and reception==
Line 62: Line 63:
PayAnywhere was a finalist for the Emerging Technology (E-Tech) Awards under the Mobile Applications: Mobile Commerce, Shopping & Rewards category.
PayAnywhere was a finalist for the Emerging Technology (E-Tech) Awards under the Mobile Applications: Mobile Commerce, Shopping & Rewards category.


Black Enterprise named PayAnywhere the “Most Dynamic Mobile App” at the 2012 Black Enterprise Best in Show Awards at [[CTIA – The Wireless Association|CTIA Wireless]] 2012.<ref>{{cite web|author=PayAnywhere |url=http://www.mobilitywire.com/payanywhere/2012/06/06/5700 |title=Black Enterprise Names PayAnywhere Best in Show &#124; MobilityWire® |publisher=Mobilitywire.com |date=2012-06-06 |accessdate=2013-03-26}}</ref>
Black Enterprise named PayAnywhere the “Most Dynamic Mobile App” at the 2012 Black Enterprise Best in Show Awards at [[CTIA – The Wireless Association|CTIA Wireless]] 2012.<ref>{{cite web |author=PayAnywhere |url=http://www.mobilitywire.com/payanywhere/2012/06/06/5700 |title=Black Enterprise Names PayAnywhere Best in Show &#124; MobilityWire® |publisher=Mobilitywire.com |date=2012-06-06 |accessdate=2013-03-26 |archive-date=2012-08-23 |archive-url=https://web.archive.org/web/20120823142320/http://www.mobilitywire.com/payanywhere/2012/06/06/5700 |url-status=live }}</ref>


J.P. Morgan analyst Tien-tsin Huang commented that “being born out of a top merchant processor gives PayAnywhere an advantage in understanding the complex needs of businesses looking to accept card-based payments.”
J.P. Morgan analyst Tien-tsin Huang commented that “being born out of a top merchant processor gives PayAnywhere an advantage in understanding the complex needs of businesses looking to accept card-based payments.”


In a mobile payment roundup, Eric Geier of [[PC World|PCWorld]] advised “PayAnywhere’s system is a good choice if you’re looking for a simple processor or even a POS-like system that supports cash drawers and can print receipts.” <ref>{{cite web|last=Geier |first=Eric |url=http://www.pcworld.com/article/256438/payanywhere_review_a_feature_rich_mobile_payment_processor.html |title=PayAnywhere Review: A Feature-Rich Mobile Payment Processor |publisher=PCWorld |date=2012-05-29 |accessdate=2013-03-26}}</ref>
In a mobile payment roundup, Eric Geier of [[PC World|PCWorld]] advised “PayAnywhere’s system is a good choice if you’re looking for a simple processor or even a POS-like system that supports cash drawers and can print receipts.” <ref>{{cite web |last=Geier |first=Eric |url=http://www.pcworld.com/article/256438/payanywhere_review_a_feature_rich_mobile_payment_processor.html |title=PayAnywhere Review: A Feature-Rich Mobile Payment Processor |publisher=PCWorld |date=2012-05-29 |accessdate=2013-03-26 |archive-date=2013-04-03 |archive-url=https://web.archive.org/web/20130403005513/http://www.pcworld.com/article/256438/payanywhere_review_a_feature_rich_mobile_payment_processor.html |url-status=live }}</ref>


Jessica Dolcourt of [[CNET]] reviewed PayAnywhere at CTIA Wireless 2012 and said “Payanywhere is taking swipes at Square’s credit card reader with a strong offering of its own and national distribution.”<ref>{{cite web|last=Dolcourt |first=Jessica |url=http://reviews.cnet.com/8301-12261_7-57430548-10356022/payanywhere-is-like-square-but-more-so/ |title=PayAnywhere is like Square, but more so &#124; CTIA 2012 - CNET Reviews |publisher=Reviews.cnet.com |date=2012-05-08 |accessdate=2013-03-26}}</ref>
Jessica Dolcourt of [[CNET]] reviewed PayAnywhere at CTIA Wireless 2012 and said “Payanywhere is taking swipes at Square’s credit card reader with a strong offering of its own and national distribution.”<ref>{{cite web |last=Dolcourt |first=Jessica |url=http://reviews.cnet.com/8301-12261_7-57430548-10356022/payanywhere-is-like-square-but-more-so/ |title=PayAnywhere is like Square, but more so &#124; CTIA 2012 - CNET Reviews |publisher=Reviews.cnet.com |date=2012-05-08 |accessdate=2013-03-26 |archive-date=2013-03-18 |archive-url=https://web.archive.org/web/20130318075726/http://reviews.cnet.com/8301-12261_7-57430548-10356022/payanywhere-is-like-square-but-more-so/ |url-status=live }}</ref>


== References ==
== References ==
{{Reflist|2}}
{{Reflist|2}}


== External links ==
* {{official website|https://www.payanywhere.com}}
*[http://www.northamericanbancard.com/ North American Bancard site]


<!--- Categories --->
[[Category:Companies based in Troy, Michigan]]
[[Category:Companies based in Troy, Michigan]]
[[Category:Credit cards]]
[[Category:Credit cards in the United States]]
[[Category:Mobile payments]]
[[Category:Mobile payments]]

Latest revision as of 06:10, 15 August 2024

Payanywhere
Company typePrivate
IndustryMobile Payments
FoundedJanuary 2011
FounderMarc Gardner
HeadquartersTroy, Michigan
Area served
United States
Websitewww.payanywhere.com

Payanywhere is a payments platform and app that allows merchants in the United States to accept credit and debit card payments while building customer relationships in-store, online, or on the go. Merchants may accept payments on their smartphone via a Bluetooth card reader or on an in-store “Storefront” solution[buzzword] featuring a tablet and stand, which was introduced on April 8, 2014.[1] PayAnywhere offers credit card readers and apps that are compatible with both Apple and Android devices.[2]

Announced in late August 2015, a new Payanywhere reader for iOS phones and tablets added Apple Pay support, as well as NFC, EMV and magnetic stripe acceptance. It was available exclusively from Apple’s retail and online store(s). Android tablet support was added in early October of that year.[3]

A key feature of the solution platform beyond payment acceptance is Payanywhere Inside, an online merchant portal that enables businesses to access reporting, manage employee permissions, accept phone and online payments via a virtual terminal, send and manage invoices, take action on chargebacks, and access additional business management tools.[4]

History

[edit]

North (payment processing company) developed the Payanywhere app internally. Payanywhere officially launched in January 2011 on the iOS platform. In May 2011, Payanywhere made its app available for Android devices.[5] Payanywhere launched an app for BlackBerry smartphones in May 2012, supporting BlackBerry models OS 4.7 or later.[6]

In June 2012, Payanywhere released its Android SDK to complement its iOS SDK, which was made available in December 2011. The SDKs, available in Basic and Advanced, allow developers to embed credit card processing functionality into their own apps.[7]

Payanywhere Storefront, a tablet and stand designed for retail payment acceptance, was launched in April 2014.[8]

In August 2015, Payanywhere introduced a new version of its Payanywhere mobile credit card reader that would accept both EMV chip card and Apple Pay transactions. Then, in October of that same year, Payanywhere began offering the only mobile NFC reader on the market that accepted Apple Pay, Android Pay, and Samsung Pay.[9]

In September 2017, Payanywhere became the first payment processor to offer Bluetooth EMV credit card readers without a monthly fee. As of December 2017, Payanywhere users are able to use a camera or barcode scanner to accept Alipay through both the mobile app and Payanywhere Storefront.[10]

Overview

[edit]

Payanywhere’s payments platform allows merchants to accept credit and debit card payments on a smartphone or tablet (Storefront) while also enabling them to view reporting, send and receive invoices, accept online payments through a virtual terminal, and manage employees, customers, and inventory. Merchants may accept traditional magstriped credit and debit cards, along with EMV chip cards, and NFC payments like ApplePay – all with next-day funding, access to Payanywhere Inside, a secure, online merchant portal, and live customer and technical support.

Business model

[edit]

Payanywhere offers Standard (as low as 1.69% per swipe), Pay-As-You-Go (as low as 2.69% per swipe) and Custom pricing models. Up-to-date versions of the app can be downloaded, at no cost, in the App Store and Google Play. Merchants can accept Visa, MasterCard, Discover, and American Express credit and debit cards. As of December 2015, Payanywhere charges inactivity fees for idle accounts; otherwise they claim there are no monthly fees or cancellation fees.[11]

The Payanywhere platform also includes security features like data encryption, tokenization, and fraud protection. Additionally, in-app and online reporting provide small and medium-sized business owners with analysis tools. Users can monitor their daily sales, create inventories and generate customized reports of all sales activity in real time. This enables users to track sales immediately or over the long term and evaluate sales based on time of day, week or month to assess inventory orders and product promotions.

Features

[edit]

Payanywhere offers the following features:[12]

  • Accept credit and cash transactions in store or on-the-go.
  • Accept magstripe, EMV chip cards, and contactless payments like Apple Pay, Android Pay, and Samsung Pay
  • Three different pricing plans
  • Invoicing and dispute management tools
  • Access to in-depth reports in-app and online
  • Employee and customer management
  • Online payment acceptance via a virtual terminal
  • PCI-compliant equipment
  • Custom discounts, tips, and tax by location
  • Emailable receipts
  • Cash drawer and printer connectivity and QuickBooks integration
  • Access to SDKs, APIs, code samples, test accounts, hosted ecommerce solutions[buzzword], and PC-based middleware
  • Live customer support through live chat, phone, and email
  • Access to Payanywhere Inside, a secure, online merchant portal

Retail

[edit]

At CTIA Wireless 2012, Payanywhere announced its intention to expand into the retail channel, making its mobile payment solution[buzzword] available in stores and online from retailers nationwide.

In November 2012 the company announced its nationwide retail rollout was live. Nationwide retailers include Walmart, OfficeMax and The Home Depot. Specialty retailers include Pep Boys and Hastings. Regional retailers include Fred Meyer and Meijer. Payanywhere is also available for purchase online at Walmart, OfficeMax, and Amazon.com.[13]

Awards and reception

[edit]

PayAnywhere was a finalist for the Emerging Technology (E-Tech) Awards under the Mobile Applications: Mobile Commerce, Shopping & Rewards category.

Black Enterprise named PayAnywhere the “Most Dynamic Mobile App” at the 2012 Black Enterprise Best in Show Awards at CTIA Wireless 2012.[14]

J.P. Morgan analyst Tien-tsin Huang commented that “being born out of a top merchant processor gives PayAnywhere an advantage in understanding the complex needs of businesses looking to accept card-based payments.”

In a mobile payment roundup, Eric Geier of PCWorld advised “PayAnywhere’s system is a good choice if you’re looking for a simple processor or even a POS-like system that supports cash drawers and can print receipts.” [15]

Jessica Dolcourt of CNET reviewed PayAnywhere at CTIA Wireless 2012 and said “Payanywhere is taking swipes at Square’s credit card reader with a strong offering of its own and national distribution.”[16]

References

[edit]
  1. ^ "PayAnywhere Introduces First Ever Free Tablet Payment Solution". Cision. 2014-04-08. Archived from the original on 2020-08-06. Retrieved 2018-06-14.
  2. ^ "Payanywhere Point of Sale System". Payanywhere. Archived from the original on 2018-06-14. Retrieved 2018-06-14.
  3. ^ "Apple partners with Payanywhere to bring Apple Pay to 300k new locations". 9to5Mac. 2015-08-27. Archived from the original on 2018-06-15. Retrieved 2018-06-14.
  4. ^ "Payanywhere PA Inside". Payanywhere. Archived from the original on 2018-06-15. Retrieved 2018-06-14.
  5. ^ "PayAnywhere Twitter". Twitter.com. 2011-05-24. Archived from the original on 2016-04-09. Retrieved 2018-06-14.
  6. ^ "Payanywhere Mobile Payments App and Credit Card Reader Now Available in BlackBerry App World". payanywhere.com. 2012-05-08. Archived from the original on 2014-06-20. Retrieved 2018-06-14.
  7. ^ "PayAnywhere APIs Now Available for Android Developers". CBS Detroit. 2012-06-04. Archived from the original on 2018-06-15. Retrieved 2018-06-14.
  8. ^ "Payanywhere Introduces First Ever Free Tablet Payment Solution". payanywhere.com. 2014-04-08. Archived from the original on 2018-06-15. Retrieved 2018-06-14.
  9. ^ "Payanywhere's New NFC Reader Accepts Apple Pay, Android Pay and Samsung Pay". payanywhere.com. 2015-10-26. Archived from the original on 2018-06-15. Retrieved 2018-06-14.
  10. ^ "North American Bancard Brings Alipay to Main Street Merchants". payanywhere.com. 2017-10-19. Archived from the original on 2018-06-15. Retrieved 2018-06-14.
  11. ^ "Payanywhere Point of Sale System". payanywhere.com. Archived from the original on 2013-03-02. Retrieved 2018-06-14.
  12. ^ "Payanywhere Credit Card Reader". North American Bancard. Archived from the original on 2013-06-06. Retrieved 2013-03-26.
  13. ^ "PayAnywhere Mobile App and Credit Card Reader Now Available from Amazon.com". Cision. 2012-12-04. Archived from the original on 2020-08-06. Retrieved 2018-06-14.
  14. ^ PayAnywhere (2012-06-06). "Black Enterprise Names PayAnywhere Best in Show | MobilityWire®". Mobilitywire.com. Archived from the original on 2012-08-23. Retrieved 2013-03-26.
  15. ^ Geier, Eric (2012-05-29). "PayAnywhere Review: A Feature-Rich Mobile Payment Processor". PCWorld. Archived from the original on 2013-04-03. Retrieved 2013-03-26.
  16. ^ Dolcourt, Jessica (2012-05-08). "PayAnywhere is like Square, but more so | CTIA 2012 - CNET Reviews". Reviews.cnet.com. Archived from the original on 2013-03-18. Retrieved 2013-03-26.
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Payanywhere&oldid=1240404623"