Payment Operations Software: The Multi-Hundred Billion Dollar Market to Optimize Payments
Summary
The most well-established players in this space, e.g. Block and Shopify, offer an ecosystem of POS and e-commerce solutions to manage stores and convert more sales. (3) Services: The client base for companies in this subsegment are often small to medium sized businesses think local gyms and fitness classes, hair salons, etc. amenitiz services smaller independent hoteliers with an entire suite of property management, distribution, and payments solutions, while Lodgify offers similar capabilities for vacation rentals. A study by PayNearMe found that over half of users signing up for a new betting application have faced declined payments indicating a high rate of false positives for fraud. Solutions like PayNearMe, Interchecks, and Trustly seek to address these issues by providing customers the optionality to pay with their preferred method, make deposits, and instantly withdraw, all while maintaining security and compliance controls.