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Full-Time

Account Executive

Mid-Market Sales, Remote

Posted on 6/20/2024

PayNearMe

PayNearMe

51-200 employees

Flexible payments platform for diverse transactions

Fintech
AI & Machine Learning

Mid

Remote in USA

Remote position with Santa Clara, CA as a listed location.

Category
Inside Sales
Sales & Account Management
Required Skills
Sales
Requirements
  • 3+ years of relevant experience in Mid Market sales, specifically focused on payments, with a preference for those with experience in the lending sector.
  • In-depth understanding of lending processes, payments, and regulatory landscape within the auto and personal lending sector.
  • Experience with Challenger Sales Methodology, a plus..
  • Strong analytical and strategic thinking, using data-driven insights to shape sales strategies and drive revenue growth.
  • Self-motivated and results-oriented, with the ability to excel in a fast-paced and evolving environment.
  • Proficiency in CRM tools and sales software to manage pipeline, forecasting, and reporting.
  • Ability to travel as needed to engage with clients and attend industry events.
Responsibilities
  • Develop and execute targeted sales strategies to engage mid-market prospects within the auto and personal lending industry, showcasing the value of PayNearMe's payment solutions.
  • Build and nurture strong relationships with key decision-makers and stakeholders at lending institutions, understanding their unique needs and providing tailored payment solutions.
  • Work in a highly transactional sales team conducting weekly discovery calls with prospects and signing 5 to 6 agreements per quarter
  • Lead the end-to-end sales process, including prospecting, needs analysis, solution presentation, negotiation, and contract closure, while collaborating with internal teams for seamless implementation.
  • Stay abreast of industry trends, regulations, and competitor activities within auto and personal lending, providing insights to inform product development and strategic positioning.
  • Challenge prospects existing business processes and educate on new technologies to address legacy business pains
  • Provide regular sales forecasts, reports, and updates utilizing CRM & Sales tools to track and manage sales activities.

PayNearMe provides a payments platform that allows customers to pay in various ways, including cards, ACH transactions, cash, and mobile payment methods like PayPal and Apple Pay. This flexibility caters to a wide range of clients, such as consumer lenders and online gaming companies, enhancing the payment experience for both customers and businesses. The platform includes a secure cash payment service available at over 60,000 retail locations, making it easier for businesses to collect payments. PayNearMe's user-friendly design improves the productivity of collections agents, and the company uses artificial intelligence to personalize customer experiences based on payment data. Unlike many competitors, PayNearMe offers a comprehensive range of payment options and has been recognized as one of the top digital payments companies. The goal of PayNearMe is to provide a seamless and convenient payment experience for all users.

Company Stage

Series D

Total Funding

$204.5M

Headquarters

Santa Clara, California

Founded

2009

Growth & Insights
Headcount

6 month growth

1%

1 year growth

6%

2 year growth

26%
Simplify Jobs

Simplify's Take

What believers are saying

  • PayNearMe's recognition as one of the world's Top 40 Digital Payments Companies by CNBC and Statista highlights its industry leadership.
  • The exclusive partnership with Mohegan Digital for Pennsylvania online gaming positions PayNearMe as a key player in the growing iGaming market.
  • Innovations like Smart Switch for card processing redundancy demonstrate PayNearMe's commitment to reliability and customer satisfaction.

What critics are saying

  • The highly competitive fintech market requires continuous innovation to maintain a competitive edge.
  • Dependence on partnerships, such as with Trustly, could pose risks if these relationships falter or if integration issues arise.

What makes PayNearMe unique

  • PayNearMe offers a comprehensive range of payment options, including cash payments at over 60,000 retail locations, which is rare among fintech competitors.
  • The integration of AI for personalized customer experiences and the use of payments data sets PayNearMe apart in the fintech landscape.
  • Their recent partnership with Trustly to enhance Open Banking technology provides a modern, real-time payment solution that many competitors lack.

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