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McNamby: Major POS competitors charge $15k to $25k cancellation fees
“While most companies will say, Hey, by the way, you're going to owe us 15, 20, 25,000 dollars to cancel because that's the profit we would have made on your account.”
VizyPay grew from $12.7M to nearly $18M in revenue in 2022
“You know, in 2021, it was 12.7 million. This last past year was close to eighteen million.”
VizyPay gives merchants up to $3,000 in free POS equipment
“Well, in our situation, we have an equipment placement program, so based on volume, et cetera, that we will place it there at no cost to them, so we're contributing two, 3000 dollars worth of equipment, you know, to their doorstep, and we give them options to …”
McNamby: Rural Businesses Resist Tech Due to Cost and Complexity
“When they want to level up, the technology is way too robust and way too costly with too many long-term contracts. Therefore they resist.”
McNamby: Credit card payment volume persists regardless of economic recessions
“Well, the crazy thing is, you know, with this industry, if it's a recession or we're not a recession, everyone uses a credit card. So today, if people don't have money, they're using a credit card. They're going in debt, unfortunately, but they're still using …”
McNamby: VizyPay launching à la carte fintech SaaS in months
“Including the kind of a silent channel, which is our FinTech, which we're building out technologies. That will eventually have sassies attached to them based on what the client needs kind of a la carte, which we're launching in the next couple months.”
Austin McNamby: VizyPay is fully bootstrapped with zero outside money
“We're still bootstrapped. Not one dollar from outside money.”
Austin McNamby: About 90% of VizyPay clients use basic terminals
“About 90%, a little bit about 90% of our clientele don't need a POS system that's two or 3000. It's mainly for restaurants and bars and retail locations that have a lot of inventory, but a lot of them are, it is the basic terminals”
McNamby: VizyPay processed nearly $1.8B in payment volume in 2022
“Processing volume last year was close to 1.8000000000 that we processed.”
McNamby: VizyPay earns 58 to 60 cents profit per transaction
“I'm just telling you on our end, on our profit, there's about 58 to 60 cents per transaction we make, you know, out of the millions of transactions we do a month across the United States.”
VizyPay relocates talent to Iowa from California, Florida, and Mexico
“And as they're doing these layoffs, et cetera, we're actually moving people to Iowa. You know, I just moved, you know, I've moved people from Florida, from You know, California. I moved people from Mexico before. I moved people from, you know, other parts of t…”
Austin McNamby: VizyPay serves over 10,000 clients across the US
“We have a little bit over 10,000 clients across the United States, but that doesn't count maybe like the hardware because some locations have two or three pieces at their location, right? So if you just did a baseline of 10,000, cool, but you could probably ad…”
McNamby: VizyPay will reach $27M to $30M in revenue in 2023
“I think we'll be close to a 27 to 30, depending on how the sales force goes with our hiring list we just had.”
VizyPay Targets Rural Mom-and-Pop Shops Over Major Metro Areas
“We don't focus on big towns like Chicago, San Francisco, Dallas, all these other areas. We focus on mom, pa shops in rural America.”