SwipeSum logo

SwipeSum

by Swipesum, Inc. · Since 2016
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Active1+ countriesCloud
Quick facts
VendorSwipesum, Inc.
Year launched2016
StatusActive
Location714 N Second Street, St. Louis, Missouri 63102, United States
Countries served1+
Languages1
IntegrationsN/A
Free tierNO
Free trialNO
Contact salesYES

About SwipeSum

Swipesum is a payment processing optimization and merchant services platform designed to help businesses reduce payment acceptance costs while improving payment infrastructure.

Swipesum is a payment processing optimization and merchant services platform designed to help businesses reduce payment acceptance costs while improving payment infrastructure. Founded in 2016, the company combines consulting expertise with proprietary software to help merchants evaluate processors, optimize payment workflows, reduce fees, and manage payment operations. A major differentiator is its AI-powered statement analysis technology known as Staitment, which audits merchant processing statements and identifies negotiable fees, billing errors, and cost-saving opportunities. The platform also provides vendor evaluation, chargeback management, payment gateway consulting, and outsourced Chief Payments Officer services. Swipesum is particularly well suited for SaaS companies, franchises, eCommerce businesses, enterprise organizations, and payment facilitators seeking strategic payment management. The company's extensive processor network and white-glove support model simplify vendor selection and ongoing optimization. Organizations looking to reduce processing costs and gain expert payment guidance will find Swipesum a valuable long-term partner.

Pros & Cons

Pros
  • Reduces payment processing costs through detailed statement audits.
  • Provides independent processor recommendations without vendor bias.
  • Offers AI-powered analysis for faster cost optimization reviews.
  • Includes expert payment consulting for strategic decisions.
  • Provides dedicated account managers and responsive support.
Cons
  • Focused mainly on payment optimization rather than payment acceptance.
  • May be excessive for businesses with very low transaction volumes.
  • Implementation timelines depend on processor and project complexity.
  • Consulting-driven approach may require ongoing engagement.
  • Best results depend on existing payment volume and contracts.

Features

Key features

Merchant Statement Audit

Uses proprietary AI software to analyze processing statements for hidden markups and billing errors.

Vendor Evaluation

Compares existing processor relationships against a network of over 70 payment providers.

Payments Consulting

Acts as a fractional Chief Payments Officer to negotiate rates and manage long-term payment strategy.

Chargeback Management

Provides dedicated support to handle disputes, fraud, and risk before they reach the processor.

Technical Integration Support

Offers in-house engineering talent to assist with payment gateway integrations and hardware setup.

Additional features

Interchange Optimization

Identifies opportunities to reduce interchange fees by optimizing transaction data.

Contract Negotiation Assistance

Provides expert support during contract redlining and vendor selection.

Automated Statement Reading

Uses the Staitment tool to instantly verify interchange and processor markups.

Post-Setup Monitoring

Continuously tracks statements and performance to ensure ongoing rate compliance.

Custom Solution Building

Develops tailored payment architectures for SaaS platforms and integrated payment facilitators.

RFP Management

Manages the request-for-proposal process to consolidate vendors and secure competitive pricing.

Pricing

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Free version
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Countries & Languages

1
Countries served
1
Interface languages
10
Billing currencies

Available in

United States

Interface languages

English

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇭CHF🇳🇿NZD🇨🇳CNY🇷🇺RUB

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