PayRange
PayRange is a mobile payment platform that lets customers pay for machine cycles from a smartphone, using a hardware module attached to the machine, with transaction reporting and remote-pay capability for operators.
Why PayRange Matters in a Laundromat Sale
Mobile payment adoption is real but partial. The CLA's 2024 survey reported 25% of respondents accepting smartphone wallets and 25% offering a proprietary mobile app, with coin still accepted by 71% (Source: CLA 2024 Laundry Industry Survey). For a buyer, the questions are practical: who owns the hardware, does the account transfer at closing, what are the fees, and does the transaction export reconcile to settlements.
Example
A store shows $41,000 of annual mobile transactions. Diligence confirms the modules are owned rather than leased, the operator account can be transferred to the buyer, and the export ties to processor settlements within normal timing variance.
What to Check
- Confirm whether the modules are owned or leased and what the fee structure is.
- Export transaction history and tie it to settlements.
- Verify the operator account and machine mapping transfer to the buyer at closing.
Where This Comes Up
- Laundromat Card and App Payment Systems: Reporting That Survives Diligence
- Coin vs. Card vs. App Payments: Revenue, Data, and Risk
- Buying a Coin Laundromat vs. a Card Laundromat: The Diligence Difference
- Laundromat Valuation: How Stores Are Priced and Why
Related Terms
- Card System — A card system is the payment and management platform that replaces or supplements coin in a laundromat
- Stored-Value Liability — Stored-value liability is the total unspent balance customers hold on a laundromat's payment cards or app accounts
- Collection Audit — A collection audit is a buyer attending multiple coin collections in person
See the full laundromat glossary for all 78 terms.
The Next Step
Sources
- Coin Laundry Association, 2024 Laundry Industry Survey — https://member.laundryassociation.org/hubfs/IndustrySurvey24.pdf
This page is general information about laundromat transactions, not legal, tax, or investment advice, and not a guarantee of sale price, timing, or financing approval. Verify current rules with your own CPA, attorney, lender, and the relevant state or municipal agency before acting.