Press Release

PaySimple Changes the Game by Launching Mobile Payments and Customer Management for Small Businesses

Complete Web-based Accounts Receivable Solution Designed for Small Businesses Now Includes Payments and Customer Management via iPhone and Android Apps

DENVER, CO – September 12, 2011 - Getting paid just got easier and more affordable for small businesses.  For the first time ever small businesses can collect payment any way their customers want to pay including: on their mobile phone, on their website, over the phone, by the mail, through recurring billing, or click-to-pay e-mail invoicing all with one integrated solution.

PaySimple already offers a true small business management solution by providing payment acceptance, automated billing and customer management.  With today’s announcement, PaySimple’s offering is now available on iPhone and Android apps, which means small businesses don’t have to go to multiple sources to stitch together all the pieces of customer and payments technology that they need.

"In talking to small businesses, we learned that customer management and seamless repeat transactions were as critical as payment acceptance through mobile devices," says Eric Remer, CEO of PaySimple.  "And while many small business owners spend a large portion of their time on the go, they also have other payment acceptance needs beyond just using their mobile device."

Using the new mobile app for iPhone and Android from PaySimple, small businesses can:

• Collect credit card, debit card and eCheck (ACH) payments from customers anytime, anywhere.
• Access their customer list, customer profiles and customer history on the go.
• Collect payment from existing customers without having to re-enter credit card information.

"Our customers tell us immediate cash flow and payment flexibility is critical to their success, and are looking for ways to eliminate the typical delay in collecting payments,” said Remer. "This means the small business owner can’t say no when a customer asks to pay a certain way, nor can they wait to get back to the office to collect that payment.”

In addition to the new mobile offering, the PaySimple solution includes:

• Merchant accounts to accept Credit card and eCheck (ACH) payments
• Payment processing through virtual terminal and hosted website forms
• Automated recurring billing
• Click-to-pay e-mail invoicing
• Customer management and secure payment account storage
• Analytics and smart reporting

The PaySimple Mobile Credit Card Terminal is available on the Apple AppStore http://itunes.com/apps/paysimplemobilecreditcardterminal and in the Android Market https://market.android.com/details?id=com.paysimple.android for free.  Mobile payments are included in the PaySimple Pro low monthly subscription fee of $34.95.  PaySimple Pro is bundled with a merchant account for credit card and ACH payments.  PaySimple charges one low, simple transaction rate of 2.29% + $0.29 for credit cards transactions and $0.55 for ACH transactions.  There are no additional monthly or transaction fees for mobile payments.

About PaySimple:

PaySimple makes big-business efficiencies available to small businesses at a fraction of the cost through cloud-based solutions that simplify and empower small business management. Thousands of small-to-mid-sized businesses are using PaySimple’s receivables automation technology to accept electronic payments, manage their customers, and automate their billing. To learn more about PaySimple or its partnership opportunities, call 800-466-0992 or visit http://www.paysimple.com.  Follow PaySimple on Twitter at Twitter.com/PaySimple.