PayEngine

About PayEngine

PayEngine is a financial technology startup that provides comprehensive payment solutions for businesses. The company operates in the financial services market, specifically in the payment processing sector. It caters to a broad range of clients, including businesses looking to monetize payments, those seeking a secure vault solution to prevent lock-in, and companies looking for a tap-to-pay mobile solution.

PayEngine's business model is centered around its middleware orchestration, which allows businesses to better monetize their payments through tiered pricing and best-in-class buy rates. The company also offers gateway modes and API emulation, making it easy for businesses to migrate from other processors like Stripe.

In addition to payment processing, PayEngine provides operational support through its universal onboarding tools and expert assistance, saving businesses time and resources. The company also helps businesses build payout or reporting integrations using its flexible platform, which can handle complex or split payouts and wallet features.

PayEngine's platform also includes bespoke hardware devices for a true omni-commerce experience. The company handles all required certifications and allows businesses to control which processors are used for each merchant or transaction type.

The startup generates revenue through its payment processing services, charging businesses a fee for each transaction processed. It also earns income from its additional services, such as onboarding support and reporting integrations.