What is PayAnywhere ?
PayAnywhere is a mobile payment processing solution designed for small businesses, freelancers, and on-the-go merchants who need to accept payments anywhere.This PayAnywhere review examines how this payment processor helps business owners process credit cards, debit cards, and contactless payments through smartphone or tablet devices.
Founded by North American Bancard, PayAnywhere offers competitive transaction rates starting at 2.69% plus 19¢ per swipe, with no monthly fees for basic accounts.
The platform provides free card readers to new merchants, making it budget-friendly for startups testing payment solutions. Small business owners appreciate PayAnywhere’s same-day funding option, which deposits money into bank accounts within hours instead of waiting days. The system works with both iOS and Android devices, giving merchants flexibility in hardware choices.
This payanywhere review covers everything from signup process and pricing structure to customer support quality and hidden fees. Whether you run a food truck, beauty salon, retail shop, or service business, understanding PayAnywhere’s strengths and limitations helps you decide if it matches your payment processing needs.
We’ve tested the card readers, analyzed real user feedback, and compared rates against competitors to give you accurate information for making informed decisions about your business payment
mobile businesses, small retail shops, service providers, and field sales teams
Key Features
Free Mobile Card ReadersDescription
New merchants receive complimentary card readers upon account approval. The basic magstripe reader swipes traditional cards, while upgraded EMV readers handle chip cards and contactless payments like Apple Pay and Google Pay.
Same-Day Deposit FundingDescription
Money reaches your bank account within hours instead of standard 1-2 business days. Transactions processed before 5 PM arrive same business day, helping businesses maintain healthy cash flow.
Transparent Pricing StructureDescription
No monthly fees on basic plans, no annual contracts, no setup charges, and no cancellation penalties. You see exactly what you pay per transaction with simple percentage rates. The 2.69% swipe rate stays consistent regardless of card type (Visa, Mastercard, Discover, American Express), eliminating confusing interchange-plus pricing models that surprise merchants with variable fees.
Multi-Payment Method AcceptanceDescription
Process magnetic stripe cards, EMV chip cards, contactless NFC payments, digital wallets (Apple Pay, Google Pay, Samsung Pay), and manual key-entry transactions. The flexibility lets customers pay however they prefer, reducing lost sales from limited payment options. Virtual terminal capability allows phone order and online invoice payment processing through the same account.
Built-In Inventory TrackingDescription
The PayAnywhere app includes inventory management tools that track stock levels, alert when products run low, and generate automatic reorder reports. Create custom item catalogs with photos, SKUs, variants, and pricing tiers.
Pros and Cons
Pros
- No monthly fees on basic plan - Start processing payments immediately without ongoing subscription costs, paying only transaction fees on actual sales
- Free card reader included - Receive complimentary hardware worth $50-100 upon account approval, eliminating upfront equipment investment
- Same-day funding available - Access your money within hours instead of waiting 1-2 days, improving business cash flow management significantly
- Transparent, flat-rate pricing - Simple 2.69% + 19¢ per swipe with no hidden fees, complicated tier structures, or surprise charges on statements
- No long-term contracts - Cancel anytime without penalties, termination fees, or complicated cancellation processes requiring phone calls
Cons
- Higher keyed transaction rates - Manual card entry costs 3.49% + 19¢, significantly more expensive than swiped transactions at 2.69%
- Monthly fee for premium features - Advanced tools like employee management and loyalty programs require $14.95 monthly subscription upgrade
- Same-day funding costs extra - The popular quick-funding feature adds $9.95 monthly, increasing costs for businesses needing fast cash access
- Limited international support - Primarily serves US and Canadian merchants, with limited options for businesses accepting international currencies
- Basic reporting on free plan - Advanced analytics and detailed sales reports require upgrading to paid subscription tiers
Pricing Plans
Storefront Plus
- 2.69% + 19¢ per swipe
- 3.49% + 19¢ per keyed entry
- Free dual-price EMV chip reader
- Customer loyalty program tools
- Advanced inventory management
- Employee management system
- Tip adjustment features
- Custom receipt branding
Same-Day Funding
- Money in account within hours
- Works with any base plan
- Deposits by 5 PM same business day
- No minimum transaction amount
- Automatic daily transfers
- Weekend deposit access
Enterprise Solutions
- Volume-based discount rates
- Dedicated account manager
- Multi-location management
- Custom integration support
- Priority customer service
- Advanced fraud protection
- Wholesale rate negotiation
How It Compares
SumUp
PayAnywhere offers same-day funding option unavailable with SumUp's standard next-day deposits. Better inventory management tools built into core platform. More extensive integration ecosystem connecting with major accounting software.
Stripe Terminal
PayAnywhere provides user-friendly mobile app requiring no developer knowledge, while Stripe Terminal requires technical integration. Better for non-technical business owners wanting plug-and-play solutions.