Who owns VersaPay?
Who owns VersaPay?
Great Hill Partners
We’re creating the new standard in Customer-Centric Order-to-Cash. Versapay was founded in 2006 as an electronic payments company and was acquired by Great Hill Partners in 2020.
How much does VersaPay cost?
Cost Summary
| Swiped Rate | 2.39% + $0.25 |
|---|---|
| Keyed-in Rate | 2.99% + $0.20 |
| Mobile Payment Rate | 2.59% + $0.15 |
| Early Termination Fee | None |
| PCI Compliance Fee | $99 |
Is VersaPay SaaS?
Versapay Again Named a Leader in the IDC MarketScape: Worldwide SaaS and Cloud-Enabled Midmarket Accounts Receivable Automation Software | Versapay.
What is VersaPay ARC?
VersaPay ARC is a cloud-based suite of accounting applications that enables enterprises of all sizes to manage and track invoices, customer requests, communication, accounts receivable, payments using various automation tools.
Is VersaPay a public company?
VersaPay Corporation is a Canadian financial technology company that specializes in accounts receivable software….VersaPay.
| Type | Private |
|---|---|
| Number of employees | 92 (Jan, 2020) |
| Website | VersaPay Corporation Website |
Is VersaPay public?
Once this transaction is complete, VersaPay will become a privately-owned company. VersaPay will continue to operate substantially as it does today, but as one of Great Hill’s portfolio companies versus a public company.
What accounts receivable means?
Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers. Accounts receivables are listed on the balance sheet as a current asset. AR is any amount of money owed by customers for purchases made on credit.
Why is accounts receivable a debit?
To keep track of the asset, record the amount as a receivable in your accounting books. Assets are increased by debits and decreased by credits. When you sell an item to a customer without receiving money, the amount owed to you increases. That means you must debit your accounts receivable.
What is accounts receivable example?
An example of accounts receivable includes an electric company that bills its clients after the clients received the electricity. Most companies operate by allowing a portion of their sales to be on credit. Sometimes, businesses offer this credit to frequent or special customers that receive periodic invoices.
Is accounts receivable a debit or a credit?
The amount of accounts receivable is increased on the debit side and decreased on the credit side. When recording the transaction, cash is debited, and accounts receivable are credited.
What is accounts receivable vs payable?
Put simply, accounts payable and accounts receivable are two sides of the same coin. Whereas accounts payable represents money that your business owes to suppliers, accounts receivable represents money owed to your business by customers.
When did VersaPay go public as a company?
VersaPay is an Fintech company offering an Accounts Receivable Software as a Service solution and Payment acquiring services. VersaPay was founded in 2006 as an electronic payments company and went public in 2010 (TSX-V: VPY).
How is VersaPay helping companies manage accounts receivable?
Our mission is to create a sea change in the way companies manage their Accounts Receivable, from how invoices are created and delivered, to how payments are received and account for. With our thought leadership, envelope-pushing technology, world-class customers, and amazing team we are doing just that…
When was VersaPay acquired by Great Hill Partners?
Versapay was founded in 2006 as an electronic payments company and was acquired by Great Hill Partners in 2020. Our mission is to create a network that connects millions of companies and makes billing and payment easy for buyers and sellers.
Who is the customer success team at VersaPay?
Our Customer Success team is here to support you as you and your team use our Order-to-Cash platforms, including ARC, Solupay, ChargeLogic, 2CP, and Payport. In our Support section, you will find FAQs relating to commonly asked questions, and contact details for our team of experts.