REPAY Introduces PayPal and Venmo to Expand Customer Choice

Rhea-AI Summary

Repay Holdings Corporation (NASDAQ: RPAY) is adding PayPal and Venmo to its suite of payment solutions, allowing clients across various verticals to accept seamless payments. The integration aims to boost overall revenue by providing secure and convenient payment options. Through direct integration to the REPAY payment platform, this expansion is designed to help clients grow their businesses through technology.

Positive

• The addition of PayPal and Venmo to REPAY's payment solutions is expected to boost overall revenue.
• Supporting preferred payment methods makes customers more likely to make payments on time.
• The collaboration reflects REPAY's vision to deliver seamless experiences and enable merchants to grow their businesses through technology.

Negative

• None.

REPAY clients can now accept customer payments with PayPal and Venmo

ATLANTA--(BUSINESS WIRE)-- Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY”), a leading provider of vertically-integrated payment solutions, is adding PayPal and Venmo to its suite of payment solutions, making them available to clients across REPAY’s verticals, including personal finance, auto finance, credit unions and mortgage.

With its expansion of digital wallet capabilities, REPAY will enable clients to accept seamless payments with PayPal and Venmo, offering secure and convenient payments through a web browser or mobile app, and eliminating long payment forms. Through direct integration to the REPAY payment platform, this expansion is designed to help clients boost their overall revenue, as companies have found supporting preferred payment methods makes customers more likely to make payments on time.

The collaboration reflects REPAY’s vision to deliver seamless experiences to enable merchants to grow their businesses through technology. By adding PayPal and Venmo, REPAY is providing payment solutions that lay the foundation for ongoing business success.

“Our goal at REPAY is to continuously expand our network to process all consumer payment modalities, driving an enhanced digital consumer experience. By expanding our payment offerings to include PayPal and Venmo, we’re supporting our clients’ bottom line by providing the most efficient and accessible payment methods in the market,” said David Guthrie, CTO at REPAY. “Payments shouldn’t be a struggle, so we’re looking forward to continuing to offer new solutions that make our clients’ and their customers’ lives easier.”

About REPAY
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230614451586/en/

Investor Relations Contact for REPAY:

ir@repay.com

Media Relations Contact for REPAY:

Kristen Hoyman

khoyman@repay.com

Source: Repay Holdings Corporation

FAQ

What is the ticker symbol for Repay Holdings Corporation?

The ticker symbol for Repay Holdings Corporation is RPAY.

What payment solutions will be added by Repay Holdings Corporation?

Repay Holdings Corporation will be adding PayPal and Venmo to its suite of payment solutions.

How will the integration of PayPal and Venmo benefit clients?

The integration of PayPal and Venmo will provide clients with secure and convenient payment options, making it easier for customers to make payments on time.

What is the goal of Repay Holdings Corporation?

The goal of Repay Holdings Corporation is to continuously expand its network to process all consumer payment modalities and provide an enhanced digital consumer experience.