Payabli vs Spreedly: Features, Coverage and Pricing Compared (2026)
Updated November 10, 2026 · Reviewed by Benjamin Margolis
Payabli and Spreedly both work between a business and its payment processors, for different jobs. Payabli lets vertical software platforms add card and ACH acceptance, vendor payouts, and payment operations. Spreedly stores cards in one vault and routes them to many gateways in more than 100 countries.
Our analysts compared the two on November 10, 2026, using each company's own product, pricing, and company pages and our full reviews of Payabli and Spreedly.
Choose Payabli if
- you are a vertical software platform adding payments
- you want pay-ins and payouts in one stack
- you want PayFac-style economics
Choose Spreedly if
- you route card payments across several processors
- you sell in many countries
- you want a posted starting price
Payabli scores 77 and Spreedly scores 79 in our ratings. Payabli suits US software platforms building payments into their product. Spreedly suits merchants managing several processors.
Key Features Compared
Payabli vs Spreedly at a Glance, November 2026
| Feature |  Payabli |  Spreedly |
|---|---|---|
| Ratings | ||
| Fintech Index score | 77 / 100 | 79 / 100Higher score |
| Overview | ||
| What it is | Miami payments infrastructure platform that helps software companies accept payments, pay vendors, and run payment operations through one API | Durham, North Carolina, payment orchestration platform that vaults cards and routes payments across many gateways for online merchants |
| Who uses it | Vertical software platforms in property management, healthcare, field services, utilities, and government; ~95 software customers | Online merchants and platforms in travel, ticketing, food ordering, and subscriptions, including BMW, HBO Max, Hopper, Priceline, and SeatGeek |
| Main products | Card and ACH acceptance, vendor payouts, payment operations, spend cards, and AI tools for payment ops | Card vault, payment orchestration across gateways, routing, network tokenization, and fraud orchestration from Dodgeball |
| Where it operates | United States | More than 100 countriesMore countries |
| Pricing | ||
| How pricing works | Written fee schedule on request; negotiated by volume and product mix | Vault plans starting at $750 a month |
| Published prices | Quote only | Vault from $750 a monthPrice posted |
| Technology and compliance | ||
| Licenses and regulation | Works through sponsor bank and processor partners | PCI Level 1 vault with network tokenization |
| Developer tools | Single API with low-code and API paths | Single API and routing tools |
| Integrations and partners | Vertical software partners | A wide network of gateways and payment methods, including mobile wallets |
| Onboarding and support | Setup run by Payabli's team rather than a fully self-serve console | Engineering-led integration |
| Company | ||
| Founded | 2020 | 2007 |
| Headquarters | Miami, Florida | Durham, North Carolina |
| Ownership | Private company | Private |
| Funding | ~$60M raised; Series B of $28M in June 2025 led by Fika Ventures and QED Investors with TTV Capital and Bling Capital, after a $20M Series A led by QED | ~$75M from Spectrum Equity in 2019 |
| Key leader | Joseph Elias Phillips | Justin Benson |
| Scale | More than $6B in annualized payment volume; net revenue of ~$20M in 2025, up from $5M | More than $50B a year in payments |
Fintech Index Scores Compared
We rate every company on eight criteria from 0 to 100, four tied to what buyers in its sector need and four shared by every company, and the rating is their average. Payabli scores 77 and Spreedly scores 79.
Criterion Scores Out of 100
Key Differences Between Payabli and Spreedly
What Each Does
Payabli provides acceptance, payouts, and payment ops through one API, with sponsor banks and processors behind it. Spreedly is a PCI Level 1 vault and orchestration layer that sends payments to the gateways a merchant chooses.
Clients
Payabli serves ~95 software customers covering tens of thousands of merchants and more than $6B of annualized volume. Spreedly handles more than $50B a year for merchants such as BMW, Priceline, and SeatGeek.
Pricing
Spreedly's vault starts at $750 a month. Payabli prices by quote.
Pros and Cons
Payabli
Pros
- Pay-in, pay-out, and payment ops in one stack
- PayFac-style economics without full registration
- Fast growth, with revenue up four times in 2025
- Valued at $305M in its Series B
Cons
- No posted fee schedule
- More than a thin gateway buyer needs
- US-focused
Spreedly
Pros
- Add or switch processors without re-collecting cards
- Routing to raise approval rates
- More than 100 countries
- Published vault price from $750 a month
Cons
- Too much for a small store on one processor
- Needs an engineering team
- Not a contact-center payment tool
Who Each Is Best For
Payabli
A vertical software company that wants to embed acceptance, payouts, and payment operations without becoming a payment facilitator itself.
Spreedly
An online merchant or platform that uses more than one payment gateway and wants to store cards once and route each payment to the best processor.
Alternatives to Payabli and Spreedly
These companies, all reviewed and rated on The Fintech Index, cover some of the same ground as Payabli and Spreedly.
Other Card Issuing and Processing Companies
| Company | Score | Best for | Comparisons |
|---|---|---|---|
| Rainforest | 78 | Software platforms that want embedded payments without becoming a PayFac | None yet |
| Finix | 78 | Software platforms that want to become payment facilitators | Finix vs Spreedly |
| Tilled | 74 | Software companies that want white-label payments revenue fast | Tilled vs Payabli |
| Moov | 77 | Platforms that want one stack for acceptance, wallets, and payouts | None yet |
| Basis Theory | 80 | Developer teams that want a processor-neutral card vault | Spreedly vs Basis Theory |
| PCI-PAL | 70 | Contact centers that take card payments by phone or chat | PCI-PAL vs Spreedly |
Frequently Asked Questions
Is Spreedly a processor?
No. It routes payments to processors from its vault.
Which suits a vertical SaaS company?
Payabli, which is built for software platforms that want to own the payment experience.
Sources
- The Fintech Index analysis of Payabli and Spreedly, conducted November 2026 (As of November 10, 2026)
- Payabli home page: https://www.payabli.com/ (As of November 10, 2026)
- Payabli, Series B announcement: https://www.payabli.com/news/payabli-lands-28m-series-b-to-accelerate-payments-infrastructure-for-software-companies/ (As of November 10, 2026)
- Payabli, about: https://www.payabli.com/about-us/ (As of November 10, 2026)
- Forbes, Payabli: https://www.forbes.com/companies/payabli/ (As of November 10, 2026)
- Spreedly pricing: https://www.spreedly.com/pricing (As of November 10, 2026)
- Spreedly about: https://www.spreedly.com/about (As of November 10, 2026)
- PR Newswire, Spreedly acquires Dodgeball: https://www.prnewswire.com/news-releases/spreedly-acquires-dodgeball-to-link-payment-optimization-with-fraud-prevention-302558487.html (As of November 10, 2026)
- Spreedly, Spectrum Equity investment: https://www.spreedly.com/blog/spreedly-receives-75-million-growth-investment-from-spectrum-equity (As of November 10, 2026)
- Spreedly customer story, SeatGeek: https://www.spreedly.com/customers/seatgeek (As of November 10, 2026)
- Spreedly customer story, Olo: https://www.spreedly.com/customers/olo (As of November 10, 2026)