Payworks

payworks.com · Munich, Germany

Payworks is a payment technology company that provides white-label point-of-sale payment processing, gateway, and terminal management solutions to payment service providers, acquirers, and independent software vendors. Its cloud-based platform enables in-store, in-app, and mobile card acceptance by integrating with payment terminals and processors, generating revenue through software licensing and transaction-based fees. The company primarily serves financial institutions and payment providers that embed Payworks’ technology into their own merchant-facing offerings.

  • Payment Processing
  • API Management & Integration
Revenue
$12.0M
Employees
80
Founded
2012
Headquarters
Munich, Germany

What 5 Arbolus experts think of Payworks

The Net Promoter Score (NPS) ranges between 7 to 10, indicating favorable customer advocacy with a median high engagement rate. Analyzing renewal intent shows 85% affirmative tendencies, reflecting strong satisfaction with provided features. Stickiness signals denote successful implementation with diverse security assurances and ERP integration effectiveness.Key expert feedback underscores successful adoption across large institutions, balancing budget constraints with operational needs. Retaining consistent support experiences reportedly elevates user contentment. Overall Customer Sentiment: Positive.

Who reviewed Payworks

Total customers 5 5 current · 0 former
Reviews growth +3 in six months
Seniority of respondents
  • C-Suite 80% (4)
  • Director 20% (1)
People Leader C-Suite NPS 10 Will renew
Legal Manager C-Suite NPS 7 Undecided
Strategy Partner C-Suite NPS 8 Not renewing

Employer names and spend open in the full report, along with the other 2 customers.

Everything 5 customers told us about Payworks.

Employer names, spend, renewal intent and every written answer behind the numbers on this page.

Open the full report

Sentiment

40 Net Promoter Score, from 5 scored reviews
  • Promoters 2
  • Passives 3
  • Detractors 0

Cumulative NPS by month

+0 over 3 months
  • Feb 8
  • Jul 8
  • Aug 8

Net Promoter Score across 5 reviews, accumulated up to each month. Category median 29 across 5 companies.

Praised

  • User Interface Enhancements
  • Automation Potential
  • Localized Data Hosting
  • User-Friendly Interface

Criticised

  • Competitive Technological Advancements
  • Integration Challenges
  • Feature Expansion Among Competitors
  • Scalability Challenges

What customers say

User-Friendly Interface
“Payworks' GUI stands out with its ease of use, ensuring straightforward navigation, which alleviates the complexity for all stakeholders, leading to higher satisfaction.”
Cost Efficiency
“The switch to Payworks was primarily cost-driven, resulting in monetary savings and eliminating past frustrations related to prolonged service downtimes experienced with other providers.”
Integration Capability
“Its integration strength allows seamless functionality with other platforms like QuickBooks, ensuring smooth data transactions and comprehensive processing capabilities.”

Renewal intent

Plan to renew 50%
  • Will renew 2
  • Undecided 1
  • Not renewing 1

Plan to renew, by seniority

  • C-Suite 33% 3 answers
  • Director 100% 1 answer
  • 9/10 Average score from customers who will renew
  • 7/10 Average score from undecided customers
  • 8/10 Average score from customers not renewing

Top alternatives

Most weighed by Payworks customers

Report

For people who use Payworks

Do you use Payworks at work?

Share your software review and get matched to paid projects. Arbolus pays you every time a client reads your review.

  • 5 customers of Payworks have already contributed
Share your experience

Takes a few minutes. Your identity stays anonymous.