LEHI, Utah--(BUSINESS WIRE)--Weave, the integrated communications company, today announced the Weave payment platform—a comprehensive payment platform designed to handle all payments in any small to medium-sized business. The innovation comes at a critical time as small businesses push to keep up with the on-demand climate of today’s consumers. Weave’s payment platform provides multiple ways for businesses to collect money and effortless ways for consumers to pay.
Weave’s first installment in their payment platform is Text to Pay, which has been in beta with users since March of 2018 and is now available to all customers.
Text to Pay enables businesses to send a payment request through SMS, payable by credit card anytime. Text to Pay has shown exceptional success with users since its beta launch in March 2018, with 70% of Text to Pay requests being paid within one day while the industry average for payment time is 30 days. Text to Pay reduces the time and costs involved in revenue cycle operations and stimulating revenue capture so cash returns to businesses faster.
“Collection of payments is tough no matter what business you’re in, and we have spent the last year understanding this pain point,” said Johny Wudel, VP of Product at Weave. “Customers want easy ways to pay at a time convenient for them, and that is exactly what Weave payments delivers. It’s an easier and cleaner process that is integrated with the communication tools within Weave.”
Text to Pay is HIPAA-compliant, PCI-compliant, and is served on webpages secured by TLS certification which reports higher security than SSL certification.
Weave’s payment platform joins popular Weave features like Missed Call Text, Automated Appointment Reminders, Email Marketing, Digital Fax, Team Chat and Reviews in the hub of over 40 features currently available to Weave customers. Weave has also built a full VoIP phone solution that seamlessly ties into a businesses’ CRM or practice management software.
Established in 2008 as Recall Solutions and later renamed Weave in 2011, the integrated communications software company in Utah Valley’s tech corridor has grown from just two employees at its inception to over 375 today. With roots in the dental industry and growth into more industries, Weave has effectively doubled ARR two years in a row, in 2017 and 2018, with no plans of slowing down.
The startup co-founded by Brandon Rodman, Jared Rodman and Clint Berry is located in the Silicon Slopes of Utah Valley-- a hot, economic powerhouse that continues to lure people from out of state in record numbers (2018 brought about 115,000 new residents to Utah, putting Utah in the top three states for percentage growth). According to Cushman & Wakefield, Weave is located in the fastest-growing tech employment market in the country that employs more people in tech companies than in San Francisco.
For more information about Weave, visit www.getweave.com or tweet @getweave.