E-commerce technology company Spindle and payment gateway PayLeap are combining products in an attempt to lower costs for small to medium-sized gun clubs.
IClays, a PayLeap client that schedules tournaments for more than 124 gun clubs in the South, will use the combined technology to process payments. There will be no fixed monthly fee for service.
PayLeap, an Acculynk company, is a reseller of Spindle's payment aggregation service.
"This creates a huge value proposition for our niche partners like iClays," said Chris Walmer, operations director at PayLeap, in a June 22 press release.
No additional integration was required by iClays to start using the processing platform from Spindle. Participants in tournaments can use Spindle's platform to register online for events and pay with a credit card.
"IClays' customers receive the increased convenience of online payments without paying a fee, PayLeap increases its value to their clients and Spindle gains a lucrative new community of users that could eventually translate to millions of dollars in transaction processing," said Bill Clark, chief executive at Spindle in the release.
IClays, which is based in Cypress, Texas, grosses more than $3.5 million in billings annually, with $1.5 million of that paid through credit cards.
