Payment Rails Review - why 4.6 stars?

Payment Rails Review
ITQlick Score: 72/100
ITQlick Rating: (4.6/5)
Pricing: 2.6/10 - low cost
Category: Affiliate Marketing -> Payment
Ranking:Ranked 5 out of 7 Affiliate Marketing systems
Company: Payment Rails
Pricing: starts at $49 per month
Typical customers: Small, medium and large size businesses
Platforms: Cloud
Links: Payment Rails pricing, Payment Rails alternatives

Shlomi LaviShlomi Lavi / updated: Apr 13, 2022

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What is Payment?

Payment Rails is a cloud-based accounting software that enables managers to collate their recipients bank details directly from the users, and automatically notify them at payment time via email. It also allows them to automate the resolution of returned payments through the provision of an upfront bank detail verification process.

The highlight features of Payment Rails include live payment tracking, approval workflows, AML (Anti-Money Laundering) watchlist screening, and white-label email confirmation. Payment Rails is a private information technology & services company that has its based situated in Montreal, Quebec, Canada; it was founded in 2015 and currently has within 50 employees.

What is Payment Rails rating?

The rating of Payment Rails is 4.6 stars out of 5 and the total score is 72 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who uses Payment Rails?

The typical customers include the following business size: Small, medium and large size businesses.

Is Payment Rails the best Affiliate Marketing system?

Payment Rails is ranked 5 out of 7 software in their category (Affiliate Marketing systems).

What are Payment Rails's pros? (3 Pros)

  • This software can set up a two-person process for payouts
  • Mass payout function is supported by this software
  • Payment Rails takes a short time to effect the reception of wire transfers

What are Payment Rails's cons? (2 cons)

  • This software takes longer for the import of a large number of recipients
  • Some users have had issues with the backend interface of Payment Rails

Who are their main alternatives?

Popular alternatives to Payment Rails: Post Affiliate Pro, TrackingDesk, CAKE, Pitchbox, Impartner. The full list of competitors can be found here.

What is the cost of Payment Rails?

The cost of license starts at $49 per month. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 2.6 out of 10 (10 is most expensive). You can find here the REAL total cost breakdown for Payment Rails. You can also find here pricing information from Payment Rails's website.

What should you ask Payment Rails during a demo session? (65 questions)

Schedule a demo with Payment Rails and access 65 must ask questions for the vendor while watching Payment Rails in action.

Where Payment Rails is used?

Payment Rails is suitable for small, medium, or large-sized organizations in advertising networks, freelance marketplaces, share economy, and affiliate networks. It is especially fit for establishments that are seeking to use an API-centric platform for their payouts operation, which can connect with any of their existing payment methods without additional setup.

List of categories

Accounting & Finance
Billing & Invoicing
Affiliate Marketing
Email Marketing
Vendor Management
Fraud Management

Payment Rails Vs. Alternatives

ITQlick rating
Score
Pricing
License pricing
Functionality
Review
Compare
Payment
ITQlick rating
4.6/5
Score
72/100
Pricing
2.6/10
License pricing
$49 per month
Functionality
6
Compare
Post
ITQlick rating
4.6/5
Score
90/100
Pricing
6/10
License pricing
$97 per month
Functionality
4
Review
TrackingDesk
ITQlick rating
3.8/5
Score
83/100
Pricing
5.4/10
License pricing
$50 per user/month
Functionality
5
CAKE
ITQlick rating
4.5/5
Score
75/100
Pricing
6/10
License pricing
$399 per user/month
Functionality
6
Review
Pitchbox
ITQlick rating
4.3/5
Score
73/100
Pricing
3.8/10
License pricing
Pricing not available
Functionality
3
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.