I have slowly been working to replace all all of my products and services with Black-owned products and services and honestly, I was sure that Paypal would be the hardest to replace. So I was very pleasantly surprised when I found this Black-owned financial processing service.
Peymynt is designed for service-based businesses, freelancers, consultants, and contractors and features invoicing, payment processing, and expense tracking. For a small business, this is everything you need! Peymynt makes it really easy to add services and customers, create and send invoices, and process and accept payments.
Peymynt offers three levels of engagement with increasing benefits, ranging in price from free to $1,749 per month. With the free Starter plan, you can handle all of your outward facing business transactions: estimates, invoices, the whole shabang. One user can create unlimited estimates and invoices and receive unlimited payments for unlimited customers. The Professional plan is a step above for a $250 monthly investment, which includes all of the Starter plan perks, plus up to 7 users, reduced processing fees and expense tracking. The Ultimate Pro plan is a cut above them all and boasts the greatest benefits, which includes all of the Professional plan perks plus a dedicated Peymynt Account Manager, unlimited users, and more.
I’m currently on the Starter plan, and I love how easy everything is. I also really like that I don’t have to do any additional work for funds from a paid invoice to deposit to my bank account—it will appear a couple days after it’s received by Peymynt. I expect that I’ll eventually upgrade to the Professional plan so that I can track my income and expenses all in one place, but the Starter plan perfectly suits my needs for now and I really appreciate that I don’t feel rushed or pressured into upgrading before I’m ready.
I have been very happy with my Peymynt experience and look forward to continuing to explore new features.
*Note: This post contains affiliate links. When you click the link, Peymynt will know that I sent you and give me a percentage if you sign up. There’s no cost to you, but it helps me a lot!