Spreedly is an online payment system that enables businesses to transact using a single application programming interface (API). Its features include unlimited card storage, access to over 120 supported gateways, payment collection and tokenization, and reporting tools. Monthly pricing starts at $200 + other per-transaction fees, and it’s best for businesses that process medium and large volume transactions.
Spreedly Pros and Cons
Simple to use
Mixed reviews on the responsiveness of its customer support team
Integration with other payment options
Who Spreedly is Best For
- Those who handle medium and large volume transactions: Spreedly’s pricing structure is designed to become affordable the more credit card transactions you regularly process.
Spreedly’s pricing page shows four subscriptions with fees that range from $200 to over $1,500 per month. The main differences between the plans include fees per API call and the number of payment gateway integrations accommodated. You may also add an account updater service for an additional 20¢ per card identified for update.
*Credit card transaction processing fee
Please note that a successful transaction normally requires up to three API calls.
Spreedly Alternatives 2020
The provider offers tools and scalable solutions that could enable businesses to optimize the customer experience. Let’s take a look at some of Spreedly’s features below.
Multi-country support: Customers around the world may purchase from your store. Spreedly enables you to connect virtually (in multiple currencies) to any payment gateway, merchant, or service.
Fingerprinting technology: This enables you to associate payment methods with specific cards to recognize customers across channels.
Routing: To prevent low success rates and long latencies during peak periods, Spreedly enables you to keep sales flowing by routing transactions through multiple payment gateways.
Reporting and analytics: Spreedly provides you with tools and reports so that you can gain insight into your transactions. This may help you strategize better and further grow your revenue.
Cloud-based vault: This is where your captured payment details are stored and tokenized. Spreedly’s vault is also portable, which means that you can move between gateways and services without the added hassle of lock-ins.
Data security: Spreedly minimizes security risks by providing you with payment card industry (PCI)-compliant solutions. All sensitive customer and transaction data are kept out of your servers in favor of being stored in Spreedly’s secure and portable card vault.
Summary of Spreedly Reviews
As of the date this article was written (May 4, 2020), there are very few up-to-date Spreedly reviews online. However, a handful of users expressed how they appreciate its ease of use and its integrations with multiple payment gateways.
“Spreedly really simplifies the integrations with more than one payment gateway. Not only does it give you the ability to work with multiple payment gateways through a single interface, but it also gives you the flexibility to be able to change payment gateways for the cards stored in the system.”
Spreedly Frequently Asked Questions (FAQs)
Which third-party applications can Spreedly integrate with?
Its partner gateways include Authorize.Net, SagePay, PayPal, Braintree, Stripe, WorldPay, BlueSnap, PayU Latam, and Kushki.
What happens if I exceed the limitations of my plan?
While most upgrades and downgrades are done manually, Spreedly will automatically upgrade your plan if you exceed its capacity.
Can a single credit card be charged using multiple gateways?
Yes, it can. For every transaction, a customer’s credit card is given a token that is never tied to a single gateway—so you may run transactions against any of the gateways you have filed.
Our Top Payment Gateway Picks
If you aren’t sure if Spreedly is right for you, then this article on the best payment gateways is a review of our top choices. Our team looked at a variety of solutions and narrowed our recommendations down based on the fees, security, ease of use and set up, sales channel served, and features among others.