Mac Nab referenced Toast and Square as competitors in the point-of-sale and payment processing space, describing them as examples of larger companies focused on high-volume urban markets that he said were passing by rural small businesses. These characterizations reflect Mac Nab's framing and are not company-confirmed figures or statements from those competitors.
Mac Nab also described unnamed large payment processors as imposing cancellation penalties of $15,000 to $25,000 on merchants who exit contracts early, which he cited as a key differentiator for VizyPay's lower-cost exit terms. He described VizyPay's VC-backed competitors as experiencing layoffs and customer losses during the recessionary environment at the time of the interview, though no specific company names or figures were provided for those claims.