Paycove

What is Paycove?

Paycove is a payment plan and billing platform for businesses whose customers pay over time, especially multi-location businesses. It creates a quote, invoice and scheduled payment plan from a deal in HubSpot or Pipedrive. Each location can have its own Stripe account and books under one login.

Key features of Paycove

• Deal-based plans: Create a quote, invoice and payment plan from a HubSpot or Pipedrive deal.
• Scheduled charges: Payments are charged automatically, with email reminders.
• Failed-payment handling: Admins are alerted when a payment fails and the customer can pay by ACH.
• Plan changes: Stop, refund, split or recalculate a plan from one screen.
• Card fee recovery: Card fees can pass to the customer as a disclosed surcharge where state law allows.
• Per-location setup: Each location has its own branding, Stripe account and QuickBooks or Xero file.
• Cross-location reporting: Collections, fees recovered and open balances across locations.

How Paycove works

A rep closes a deal in the CRM, Paycove generates the quote, invoice and schedule, and Stripe collects the payments. Failed payments trigger alerts, and accounting entries flow to QuickBooks Online or Xero for each location.

Who uses Paycove?

Clinics, studios and other multi-location businesses that sell high-ticket services on installments use Paycove. Finance teams get one view across locations.

Paycove pricing

Paycove charges a $500 per month base fee plus 1% of payments it collects, with unlimited seats and unlimited locations in one account. Additional accounts cost $50 per month each, and Stripe's processing fees are billed separately. Above about $1 million a month the 1% is priced individually. Terms are month-to-month or annual.

Paycove integrations

The vendor names HubSpot, Pipedrive, Stripe, QuickBooks Online and Xero.

Paycove alternatives

SimplePractice and Jane are practice management tools for health practitioners that include billing. NexHealth is a patient communication and scheduling platform, and Dentrix is dental practice software. Paycove is narrower, focused on payment plans.