Compare MultiCHAX and PaySimple Accounts Receivable - May 2022

Shlomi Lavi

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Bottom Line: Which is Better - MultiCHAX or PaySimple Accounts Receivable?

MultiCHAX is more expensive to implement (TCO) than PaySimple Accounts Receivable, and MultiCHAX is rated higher (92/100) than PaySimple Accounts Receivable (62/100). Both tools offer the same amount of features.

Looking for the right Accounting & Finance solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

Chax, Inc. Vs. PaySimple

Chax, Inc.: CHAX®: The most cost-effective check by phone, check by fax, and check by internet system available. Checks by phone, fax, or e-mail software allows you to enter your customer's check information, print the information on a blank check form, and deposit the check to any U.S. bank for deposit the same day. Now, collecting payments by check has ne...

PaySimple: PaySimple offers products directly to small business merchants, and also partners with organizations to provide the technology and support for white-labeled products, like AcceptPay® for American Express® and ZipSM for Ink from Chase® cardmembers.

Who is more expensive? MultiCHAX or PaySimple Accounts Receivable Software?

The real total cost of ownership (TCO) of Accounting & Finance software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for MultiCHAX and PaySimple Accounts Receivable Software.

MultiCHAX price starts at $99 per license , On a scale between 1 to 10 MultiCHAX is rated 6, which is similar to the average cost of Accounting & Finance software. PaySimple Accounts Receivable Software price starts at $59.95 per month , When comparing PaySimple Accounts Receivable Software to its competitors, the software is rated 2 - much lower than the average Accounting & Finance software cost.

Bottom line: MultiCHAX is more expensive than PaySimple Accounts Receivable Software.

Which software includes more/better features?

We've compared MultiCHAX Vs. PaySimple Accounts Receivable based on some of the most important and required Accounting & Finance features.

MultiCHAX: Data Import/Export, Basic Reports, Online Customer Support.

PaySimple Accounts Receivable Software: Data Import/Export, Basic Reports, Online Customer Support.

Target customer size

Customers of the software mainly include small and medium businesses with backgrounds in various major industries. and PaySimple Accounts Receivable Software's target customer size include: Start up, Small business.