PaymentEvolution
A detailed review of PaymentEvolution's payroll software with pricing, comparisons to competitors, key information, and FAQs.
Updated on May 22nd, 2024
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PaymentEvolution is a cloud-based HR management and payroll software created for small and mid-sized businesses. Based in Canada, the software provides comprehensive employee HR features, payroll processing, and leave tracking.
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At-a-Glance:
Feature | PaymentEvolution |
|---|---|
Paid plans | From C$3.50 /employee /payroll run. |
Free plan | ✓ |
Unlimited payrolls | ✓ |
Off-cycle pay runs | ✓ |
Garnishments and deductions | ✓ |
Direct deposits | ✓ |
Employee portal | ✓ |
Mobile access | ✓ |
Customer support | Phone and email. |
Review:
PaymentEvolution offers payroll software for businesses in Canada. The software includes a good range of features to help businesses process payroll with ease. Users can benefit from the convenience of automatic payments, off-cycle pay runs, the ability to import timesheets, and unlimited payrolls. However, it lacks expense integration.
There are three business plans to choose from, including a free option that requires a one-off setup fee but incurs no monthly fees. However, on this plan users are charged transaction fees for direct deposits. Overall, PaymentEvolution is a cost-effective option with a great range of features but is limited to businesses in Canada.
Pros:
- There is a 15-day free trial.
- Businesses can choose from a variety of packages, including a free plan.
- The software integrates with multiple add-on solutions, including FreshBooks, QuickBooks, Kashoo, T-sheets, and Xero.
- Users can setup up custom deductions, benefits, and earnings and process off-cycle pay runs.
- The software can be accessed from any device.
- The website is available in multiple languages.
- Other services include automatic payments, garnishments, digital paystubs, and an employee database.
- PaymentEvolution uses 256-bit SSL encryption to ensure the security of the platform.
Cons:
- The software is designed for the Canadian market only.
- The free plan has limited features, can only be used to run payroll for up to five employees, and requires a setup fee.
- Email and phone support are not available on the free plan.
Reputation:
We were unable to find any online reviews of PaymentEvolution.
Pricing:
Plan* | Pricing** |
|---|---|
Growth | C$3.50 /employee /payroll run (no monthly minimum) |
Business Basic | C$2.50 /employee /payroll run ($25.00 monthly minimum) |
Business Plus | C$2.00 /employee /payroll run. ($75.00 monthly minimum) |
*PaymentEvolution also offers plans for accounting professionals.
**There is a one-off setup fee of C$55.00 on all plans for electronic payments.
PaymentEvolution vs. Wagepoint:
While PaymentEvolution and Wagepoint are both based in Canada, only Wagepoint caters to businesses in the U.S. as well. Unlike Wagepoint, PaymentEvolution offers a free plan for up to five employees that requires a one-off setup fee only. Both platforms allow for custom pay rules, off-cycle payrolls, and mobile access.
Comparison Between PaymentEvolution and Wagepoint:
Feature | PaymentEvolution | Wagepoint |
|---|---|---|
Monthly price | From C$3.50 /employee /payroll run. | From US$20.00 /mo +US$4.00 /employee /mo. |
Free plan | ✓ | x |
Automated taxes | ✓ | ✓ |
Off-cycle payroll | ✓ | ✓ |
Direct deposits | ✓ | ✓ |
Employee portal | ✓ | ✓ |
Customer support | Email and phone. | Phone and live chat. |
PaymentEvolution vs. QuickBooks Payroll:
Unlike PaymentEvolution, QuickBooks Payroll is not limited to Canada, serving multiple countries. QuickBooks Payroll is also the costlier option, starting at US$45.00 per month +US$5.00 per employee per month. By contrast, PaymentEvolution has a free plan, and its paid plans start at C$3.50 per employee per payroll run.
Comparison Between PaymentEvolution and QuickBooks Payroll:
Feature | PaymentEvolution | QuickBooks Payroll |
|---|---|---|
Price | From C$3.50 /employee /payroll run. | From US$45.00 /mo. +US$5.00 /employee /mo. |
Free plan | ✓ | x |
Automated taxes | ✓ | ✓ |
Off-cycle payroll | ✓ | ✓ |
Direct deposits | ✓ | ✓ |
Employee portal | ✓ | ✓ |
Customer support | Email and phone. | Email and phone. |
PaymentEvolution vs. Gusto:
Gusto only offers payroll software for businesses in the U.S., while PaymentEvolution caters solely to the Canadian market. However, Gusto supports international contractor payments. While Gusto offers more features than PaymentEvolution, it is also the costlier option, charging US$40.00 per month +US$6.00 per employee per month.
Comparison Between PaymentEvolution and Gusto:
Feature | PaymentEvolution | Gusto |
|---|---|---|
Price | From C$3.50 /employee /payroll run. | From US$40.00 /mo. +US$6.00 /employee /mo. |
Free plan | ✓ | x |
Automated taxes | ✓ | ✓ |
Off-cycle payroll | ✓ | ✓ |
Direct deposits | ✓ | ✓ |
Employee portal | ✓ | ✓ |
Customer support | Email and phone. | Phone, email, and live chat. |
Key Information:
Legal Name | PaymentEvolution Corporation |
Founder | |
Founding Date | Jan 01, 2007 |
Address | 2600 Skymark Ave., Bldg. 1, Ste. 200, Mississauga, Ontario L4W 5B2 Canada |
Number of Employees | 55 |
Number of Customers | 20000 |
Telephone | |
Website |
FAQs:
What is PaymentEvolution?
PaymentEvolution is a Canadian payroll software solution for small to mid-sized businesses.
Is PaymentEvolution free?
No, while PaymentEvolution's Growth Plan does not have a monthly fee, there is still a charge of C$3.50 per employee per payroll run.
How do you use PaymentEvolution?
PaymentEvolution is a payroll software that can be accessed online and be used by businesses in Canada to pay their employees. For more information on how to use PaymentEvolution, users can view the helpful articles in PaymentEvolution's online knowledge base or contact them directly.
What does PaymentEvolution cost?
PaymentEvolution paid plans start at C$3.50 per employee per payroll run.
Is there a PaymentEvolution free trial?
Yes, PaymentEvolution Payroll offers a 15-day free trial.
Where is PaymentEvolution located?
PaymentEvolution headquarters is based in Ontario, Canada.