Paid is a provider of a billing automation platform designed to offer invoicing services. The company's billing automation platform tracks expenses, generate and issues invoices, offers reminders about outstanding payments and reconciles accounts, enabling businesses to manage their accounts receivable. Paid replaces the need for businesses to dedicate engineering resources or hire employees to build their own accounts receivable management.
Paid also offers an API to translate customer data into custom-branded invoices and manages the payment process from reminders to reconciliation. Paid's integration allows users to accept payment via credit card, PayPal, ACH and wire transfers through invoices. The API can also collect and deposit checks.
Paid also offers a white-label solutions allowing companies to use their branding, billing terms, and payment methods and can be adapted and integrated into various business models.
Auction Mobility, a white-label e-commerce solutions for the auction industry, acquired its long-time partner, Paid Labs, in January 25, 2019. The amount of the acquisition was undisclosed.