LastPay Targets Invoicing Pain Points With QuickBooks-Native Payment Platform
LastPay , a payment processing platform co-founded by Austin Diaz and Max Umlas, is positioning itself as a lower-cost alternative for small and mid-sized businesses that send invoices and run their books inside QuickBooks. The company integrates directly with QuickBooks Online so that invoices, payments, and reconciliation move through a single workflow. According to LastPay, the integration removes the swivel-chair work that businesses do when their processor and accounting platform refuse to talk to each other. Pricing is the centerpiece of the pitch. LastPay claims that its clients save thousands of dollars per month against legacy processors, with some annual savings reaching into high five figures. The company attributes the gap to the layered fee structures common at incumbent processors, which often blend interchange, assessments, and proprietary markups into a single rate that is difficult to audit. Diaz, who entered the payment processing industry as a teenager, co-founded...