VizyPay has reached the $1B mark in total payments processed in just three years and has experienced explosive growth and increased revenue.
FREMONT, CA: VizyPay, a leader in the payment processing industry, announces it has passed the $1B milestone in payments processed since 2017 and is projected to touch a collective $2B in processing 2021. The bootstrapped company has deployed about 7,000 merchants across the U.S. and has experienced an 8,000 percent increase in revenue. VizyPay has witnessed exponential growth in three years, employing 35 full-time employees and more than 600 independent contractors. In 2020, VizyPay acquired its long-time competitor Echo Daily, powering the company’s expansion.
The company’s success is part of its unique Cash Discount Program (CDP), which has saved merchants about $10.6M to-date. VizyPay is the only payment processing firm to develop a program tailored specifically for small and medium-sized businesses, empowering them to control their credit card processing and avoid costly transaction fees and unpredictable processing costs. The Cash Discount Program locks a business leader into a low monthly fee that lets for unlimited credit card transactions and offsets 100 percent of total processing fees.
VizyPay was aggressive in its hiring and training practices. The company spent several dollars building a proprietary Customer Relationship Management (CRM) tool to hire, train, implement, and manage a nationwide sales force of independent contractors. This has enabled VizyPay to quickly grow its customer base across the country and has even turned some independent contractors into self-made millionaires. VizyPay is honored to have reached this major milestone for the company in a short time and proud to be the fastest-growing payment processing company in the industry.
VizyPay will continue to propel our rapid growth by implementing new products and services that benefit its clients and continue expanding the workforce both on the ground at its new office in Des Moines and across the country with rapidly expanding 1099 team members to reach its next milestone of $2B in payments processed.
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