Passing $1 billion in annual payment volume

We’re pleased to announce that in June 2015, 28 months after launching our new service and pivoting away from subscriptions, we’re now seeing more than $1 billion handled by the Spreedly platform annually. For context, in June 2014 we were running at an annualized payment volume of just over $300 million. Since Spreedly is software as a service, we don’t directly take a percentage of revenue. Nevertheless, as a payments company this is a key […]

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Introducing the Spreedly Changelog

One of the many benefits of using a managed service is that new functionality, updates, and bug fixes are deployed without your involvement. The flipside is that it can appear, at times, to be a bit of a black box with changes going into production without your awareness. We understand your business relies on its ability to process payments and benefits from an awareness of changes to the Spreedly service. Starting today, any and all […]

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Say Hello To bank_account

What if you could, when it makes sense, transact directly against a consumers bank account? Even better, what if you could do it in a way that, just like credit cards, vaulted the details of that bank account so that you could switch out the backend at any time and just keep transacting away like nothing changed? **Well today I’m excited to announce that we’ve added a `bank_account` payment method to Spreedly, which is a fully functional sibling to `credit_card` payment methods.**

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Why Spreedly when I just need a single payment gateway?

We get this question fairly often so let’s lay out the use case for why you might use Spreedly¬†vs just going with a single payment gateway/merchant account. Spreedly customers generally fall into one of two categories. The first category are services that need to work with multiple payment gateways simultaneously. Let’s say you’re building the next Shopify or Freshbooks. Or you’ve built an elegant mobile platform targeting florists/plumbers/restaurants/sports stadiums. These folks want to use your […]

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Marketplace On-boarding

In Justin’s post Marketplaces and Payments, he mentioned that “marketplaces are going mainstream and payment solutions are following to accommodate their needs.” “Marketplace” is a fairly broad term. In general, when you build a marketplace you expect transactions to occur between buyers and sellers within your service. Due to the difficulty of getting a merchant account, accepting payments has not been an option for many participants in a marketplace. Marketplace owners have had to hold […]

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Marketplaces and Payments

Edit:¬†Make sure you read our newer post on Spreedly and marketplaces Unlike traditional ecommerce/online sites, that have one seller and many buyers, marketplaces have multiple sellers and buyers. In addition, any transaction involves three parties: the seller, buyer and the marketplace. This uniqueness has always created challenges for marketplaces wanting to accept online payments. “Too hold or not too hold the funds?” – that is usually the question. Recent trends in payments are slowly making […]

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