Logo of Crezco

Crezco

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Last updated on

Company health

Employee growth
62% increase in the last year
Web traffic
61% decrease in the last quarter
Financing
December 2023 - $22M

Ratings

G2
5.0/5
(5)
TrustPilot
4.8/5
(45)

Crezco description

Crezco is a payment processing software that allows businesses to accept payments directly from customer bank accounts. This "open banking" approach eliminates card fees and speeds up payment times. Crezco integrates with accounting software to simplify reconciliation and offers features like bulk payments, international payments, and recurring payments. Its fraud protection system and easy-to-use payment links make it suitable for businesses of all sizes. Crezco primarily operates in the UK and EU, working with over 500 banks in those regions.


Who is Crezco best for

Crezco is a cost-effective payment solution for small businesses in the UK and EU. It streamlines payment collection with features like open banking payments, payment links, and accounting software integration. Users praise its speed, ease of use, and helpful customer service, while some note occasional issues with unsupported banks and initial setup. Crezco helps businesses reduce transaction costs and simplify their payment processes.

  • Best for small businesses.

  • Suitable for businesses in the UK and EU.


Crezco features

Supported

Crezco allows sending multiple payments at once, streamlining the payment process.

Supported

Crezco supports receiving payments from customers worldwide.

Supported

Crezco generates secure payment links shareable via invoices and the Crezco dashboard.

Supported

Crezco integrates with QuickBooks for automatic expense management and reconciliation.

Supported

Crezco supports automated recurring account-to-account payments.

Supported

Crezco supports Open Banking payments, eliminating card fees and accelerating payment times.

Supported

Crezco offers fraud protection with its Sentinel ML risk system and secure open banking.

Qualities

We evaluate the sentiment that users express about non-functional aspects of the software

Customer Service

Rather positive
+0.5

Ease of Use

Strongly positive
+1

Reliability and Performance

Rather positive
+0.5

Crezco reviews

We've summarised 50 Crezco reviews (Crezco TrustPilot reviews and Crezco G2 reviews) and summarised the main points below.

Pros of Crezco
  • Fast and reliable payment processing with instant transfers.
  • Excellent customer service, praised for responsiveness and helpfulness.
  • Seamless integration with accounting software like Xero and Quickbooks.
  • Cost-effective, eliminating card fees and reducing transaction costs.
  • Easy-to-use payment links and QR codes simplify payment collection.
Cons of Crezco
  • Not all banks support Open Banking, limiting Crezco's functionality for some users.
  • Some users experienced initial setup issues and required extensive business verification.
  • Some users have reported issues with duplicated payments and slow refunds.

Crezco pricing

The commentary is based on 15 reviews from Crezco G2 reviews and Crezco TrustPilot reviews.

Crezco's pricing is a major highlight, with many users praising its free payment processing features. Users appreciate the cost savings, especially compared to traditional card processing fees. Some even call it a "no-brainer" due to the lack of charges for receiving payments.

Users sentiment

Neutral
+0

Crezco alternatives

  • Logo of GoCardless
    GoCardless
    Recurring payments, direct from bank accounts, lower fees.
    Read more
  • Logo of Melio
    Melio
    Pay bills any way you want, even if vendors don't go digital.
    Read more
  • Logo of PayPal
    PayPal
    Send, receive, and manage money online, simply and securely.
    Read more
  • Logo of checkout.com
    checkout.com
    Global payments platform simplifying complex transactions for growth.
    Read more
  • Logo of Tipalti
    Tipalti
    Automated global payouts, easy tax compliance, less finance headaches.
    Read more
  • Logo of GoCardless Bank Account Data
    GoCardless Bank Account Data
    Instantly verify bank details and automate financial tasks.
    Read more

Crezco FAQ

  • What is Crezco and what does Crezco do?

    Crezco is a payment processing software using open banking, enabling businesses to accept payments directly from customer bank accounts, eliminating card fees and speeding up transactions. It integrates with accounting software, offers bulk and international payments, recurring billing, and robust fraud protection, making it suitable for various businesses, primarily in the UK and EU.

  • How does Crezco integrate with other tools?

    Crezco integrates with accounting software like QuickBooks for automated expense management and reconciliation. It also offers features like bulk payments, international payments, and recurring payments via easy-to-use payment links.

  • What the main competitors of Crezco?

    Crezco's main competitors include GoCardless, Noda, and BILL AP/AR. GoCardless also specializes in bank-to-bank payments, while Noda offers similar open banking solutions in the UK and EU. BILL AP/AR focuses on streamlining financial operations for SMBs, including payments and invoicing.

  • Is Crezco legit?

    Crezco is a legitimate payment processing software utilizing open banking. User reviews praise its speed, cost-effectiveness, and integrations, indicating it is safe and reliable. However, potential users should be aware of limited bank compatibility and occasional setup challenges.

  • How much does Crezco cost?

    I cannot find pricing information for Crezco. Contact Crezco directly to determine if it's worth the investment for your product pricing needs.

  • Is Crezco customer service good?

    Crezco's customer service receives positive feedback. Users highlight the helpfulness and responsiveness of the support team, particularly their efficiency in resolving issues. Some users mention quick responses via email and prompt resolution of payment problems.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

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