Swipely Helps Merchants Manage and Grow $1,000,000 in Sales Every Week

PROVIDENCE, R.I.--(BUSINESS WIRE)--Swipely, the simple way for local merchants to accept payments, track customers and grow revenue, today announced the company is managing over $1 million per week in sales on behalf of its merchant partners. Through Swipely’s service, leading restaurants, salons and boutiques across the country are unlocking big data behind every payment they accept using Swipely to better understand customers and bring them back.

“Since launching the new version of our service 90 days ago, we’ve empowered local merchants to transform payment processing into a valuable marketing tool to grow sales.”

“Since launching the new version of our service 90 days ago, we’ve empowered local merchants to transform payment processing into a valuable marketing tool to grow sales.” said Angus Davis, founder and CEO of Swipely. “Reaching this $1 million per week milestone is just the beginning. Every day, we bring big data to small business in the form of actionable analytics and marketing tools that help them make smart business decisions.”

Swipely includes four core benefits, integrating payments and marketing in one easy to use online dashboard:

World-Class Processing Services
Replace commodity processing to unlock valuable transaction data already flowing through your business, with no changes to existing point-of-sale systems.

Powerful Analytics
Understand customers based on recency, frequency and spending behavior, bringing e-commerce analytics to local, offline businesses for the first time.

Targeted Campaigns
Engage customers with personal emails that send the right message at the right time to bring them back, based on actual spending behavior.

Turn-key Loyalty Programs
Retain customers with automatic rewards to their credit and debit cards, without issuing new loyalty cards or asking consumers to adopt new technology.

Swipely’s cloud-based service works with hundreds of leading point-of-sale systems that merchants already own, including Micros, Aloha and PosiTouch, and with every card brand consumers already use to pay, including Visa, MasterCard, Discover and American Express. Swipely is a registered ISO of Wells Fargo, the nation’s largest bank, and transactions are powered by First Data, the world’s leading payments platform. Funds are deposited to merchant accounts next day, and pricing for Swipely’s base offering is simple: zero incremental cost above legacy processors for most merchants.

Merchants with $500,000 or more in credit card sales benefit most from Swipely’s service. Merchants across the country who accept cards can upgrade to Swipely quickly and easily, usually in a matter of days. Swipely has reference customers in Boston, New York City, Washington, DC, San Francisco, Providence, and Portland, OR, and is expanding nationally throughout 2012. To see if Swipely’s simple tools to manage revenue and grow sales are a fit for your business, please visit http://www.swipelyworks.com/ or call 1-888-SWIPELY.

About Swipely:

Swipely is a simple way for local merchants to accept payments, track customers and grow revenue with valuable analytics, loyalty and marketing tools. There are no new costs, no new equipment and no staff training.

Founded in 2009 by Angus Davis, the Providence, RI based company includes veterans of Tellme, Microsoft, Netscape, and Paypal, and is backed by leading Silicon Valley investors including Index Ventures, Greylock Partners, and First Round Capital.