AI TOOL PROFILE
Swipesum Review: Payment Processing Consulting
- Finance and Accounting
- Payment Processing Consulting
- Small businesses
- Mid-market companies
- Enterprise companies
- eCommerce businesses
- B2B companies
- Nonprofits
Pricing
Consulting services start at $50 per hour, and individual statement analysis is $75 per analysis. Free consultations and initial audits are also available.
At a glance
- Best for
- Small businesses, Mid-market companies, Enterprise companies, eCommerce businesses, B2B companies
- Key use cases
- Merchant Statement Auditing, B2B Payment Optimization, Payment Infrastructure Setup, Ongoing Fee Management
- Integrations
- ERP integrations
- Official website
- Visit swipesum official website
How AI is used
Swipesum is a payment processing consulting service that helps businesses design and manage their payments infrastructure. The company uses a proprietary tool called Staitment to audit merchant services statements and identify negotiable rates or billing errors.
It is designed for businesses of all sizes, including small companies and enterprise-level organizations, across sectors such as eCommerce, B2B, retail, and nonprofits. The service supports merchant services selection, fee optimization, and hardware integration.
Buyers should note that Swipesum acts as a consultant rather than the payment processor itself. They coordinate with a network of over 70 providers to find a fit for the business. Buyers should confirm if they require a full-service managed payments partner or a one-time audit of their current statements.
Key Features
AI Statement Verification
Uses proprietary Staitment software to audit merchant statements to verify interchange billing and identify negotiable rates.
Payment Stack Design
Consulting services to help businesses select and implement merchant services and payment processors.
Fee Audits
Reviews of existing processing arrangements to identify unnecessary fees.
Vendor Evaluation
Comparison of current processor relationships against a network of over 70 payment providers.
Outsourced Chief Payments Officer
Ongoing management of a company's payment strategy and provider relationships.
Hardware and Software Integration
Technical support for building custom solutions and integrating payment hardware.
Use Cases
Merchant Statement Auditing
Analyzing monthly statements to check for overcharging and identify potential savings.
B2B Payment Optimization
Helping B2B companies qualify for Level 2 and Level 3 interchange discounts to reduce costs.
Payment Infrastructure Setup
Designing a payments stack for a growing company or a new software platform.
Ongoing Fee Management
Using an outsourced partner to monitor statements and handle renegotiations with processors.
Integrations
- ERP integrations
FAQ
Do I sign a contract with Swipesum?
- No, you do not sign a contract directly with Swipesum. All contracts are signed between your company and the merchant services provider they help you select.
How much does Swipesum cost?
- Consulting services start at $50 per hour, and statement analysis is $75 per analysis. Free initial consultations and proposals are also available.
What is Staitment?
- Staitment is Swipesum's proprietary AI software used to analyze merchant statements and identify billing errors or negotiable rates.
Source category: Finance & Accounting
Source subcategory: Payment Processing Consulting
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