Merchant Services

Verisave Merchant Services Review: BlueSnap

BlueSnap for Credit Card Payment Processing

BlueSnap offers merchant accounts and provides a payment gateway for retailers to accept credit card payments. While you can use BlueSnap as your gateway for in-person transactions, they focus mostly on eCommerce sales. BlueSnap offers plenty of information on their website as far as pricing and plan options. But you’ll notice that their fees for small business owners are uncommonly high. While they can be a suitable gateway and merchant account provider for larger businesses, we do not recommend BlueSnap for businesses processing under $2,500 per month.

BlueSnap has also developed an impressive list of tools for eCommerce. If you use BlueSnap as your merchant account provider, you can gain access to subscription billing solutions, intuitive shopping cart integration, and more customizable developer tools to build a unique interface for your site.

Small businesses signing up with BlueSnap for merchant services might quickly find themselves paying higher fees than their competitors. It helps to have a team of credit card processing consultants like Verisaveto help you control costs associated with credit card processing. Speak with a representative at Verisave to see if you could be saving money on merchant account fees by using BlueSnap or a different merchant account provider.

Products & Services Offered

BlueSnap provides merchant accounts and payment gateway services for business owners – whether you have a physical storefront or you’re processing payments online. When it comes to credit card payment processing, BlueSnap offers the following services:

  • Payment Gateway – BlueSnap works with third-party processors (including Vantiv, First Data, and other major processors) to provide processing of credit card payments and acts as the gateway for those transactions. They have a proprietary gateway service called Powered Buy Platform. You can offer your clients the option to use 110 different payment types (credit cards, PayPal, eCheck, wire transfers, etc.) in 100 different currencies.
  • Merchant Accounts – If you opt to use BlueSnap as your merchant account provider, they include the following services built into the pricing structure:
    • A single merchant account
    • Payment gateway
    • eWallets integration
    • Comprehensive fraud prevention
    • Hosted checkout pages
    • API integration
    • Chat, email and phone support
    • PCI compliance
    • Reporting tools
  • Standard Pricing

  • BlueSnap Virtual Terminal – With BlueSnap’s virtual terminal, you can add Pay Now buttons to invoices, process phone orders, and accept credit, debit, and ACH payments.
  • Subscription Billing – This is done via BlueSnap’s virtual terminal.
  • Shopping Cart Integration – Integrate BlueSnap services with an existing shopping cart service on your web page or use BlueSnap as your shopping cart. You can host the payments page on your own site or use BlueSnap as your host site for payments.

Working with Verisave provides all the customization you’ll need for setting up your merchant accounts. Having worked with hundreds of companies processing credit payments every day, we can apply our proven savings strategies to your merchant account. If BlueSnap isn’t the best option for your business, we’ll tell you who is. Give us a call before making long-term commitments to any credit card payment processor.

UI/System Integration

Working with BlueSnap is simple as far as system integration goes. Much of their services can be used without having to change the way you’re currently doing business. The only changes that could be necessary would come from using their hosted payments page for eCommerce. This process is a simple redirect and their customer service can help you set this up.

How Much Will You Be Paying For BlueSnap Services?

BlueSnap offers pricing information on their website. Currently, they charge the following rates:

US Standard Pricing

  • Visa/Mastercard Consumer Debit 2.00% + $0.30
  • Visa/Mastercard Consumer Debit 2.70% + $0.30
  • Visa/Mastercard Corporate, Discover and Diners 2.90% + $0.30
  • American Express and Non-US Transactions 3.70% + $0.30

There are no monthly fees for the first year. And as long as you process over $2500 per month, you will continue to have zero monthly fees for BlueSnap’s services. If you are processing less than $2500 per month, you can expect a monthly account maintenance fee of approximately $75. They do not charge setup fees, cancellation fees, or fees for using eWallets.

After working with BlueSnap for a number of years across multiple industries, Verisave has developed proprietary benchmark data that allows access to more savings opportunities. We can help you save money with BlueSnap regardless of whether you’re just starting with them or have been with them for a long time. If you are processing less than $2500 per month, Verisave can help you to find a more cost-effective merchant account provider.

Consider Your Desired Contract Length

BlueSnap does not lock their customers into lengthy contracts. They offer a month-to-month option and will discontinue services once you choose to switch providers and cancel your account. While they require 60 days to stop BlueSnap services, they do not charge a penalty for cancellation.

If you are interested in Canceling a BlueSnap Contract, Implementing/Restructuring with BlueSnap, or Trying to Achieve Savings with BlueSnap, then speak with a Verisave merchant service expert. Customers achieve an average savings of 25%-35% in overall credit card processing fees with an audit from Verisave.

Speaking With BlueSnap Sales and Customer Service Reps

BlueSnap has an easy-to-navigate website with lots of transparent information, including pricing. You can learn a lot about the company and the services they provide by browsing their web pages.

The company uses an in-house sales team as opposed to outsourcing this service. This has proven to be a great advantage for customers and potential customers alike. When companies move their sales team or customer service to an outsourced location, lots of helpful training and information is lost.

They offer multiple forms of customer service and troubleshooting tools and provide an online knowledge base. This is a resource full of reading material that can solve most issues quicker than calling in to speak with a customer service rep. However, you can also call their customer service line or speak with a rep via their website’s chat feature.

Online Reviews of BlueSnap

The BBB gives BlueSnap an A+ rating, which is a great sign. Since they started tracking BlueSnap in 2015, the company has received only about two dozen complaints. This is also a great sign, especially once you read through their complaints and see that it’s traditional customers who’ve complained and not the actual merchants using BlueSnap services.

Our experience with BlueSnap has been positive. As we’ve worked with merchants who use BlueSnap as their merchant account provider, we’ve found their services to be reliable and their customer service to be very helpful. Our ease of communication with BlueSnap has allowed us to capture savings for our clients to lower their overall merchant account fees.

VERISAVE MERCHANT SERVICES REVIEW

BlueSnap for Credit Card Payment Processing

BlueSnap is commonly used by midsized businesses and large corporations. They are easy to work with and highly reliable. While they may not offer an efficient payment model to smaller businesses, they are on par with competing merchant account providers in the industry when it comes to handling larger entities.

If you’re interested in using BlueSnap as your merchant account provider and payment gateway, Verisave can help you to stay two steps ahead of the enrollment process. Our team of merchant account auditors at Verisave has developed proprietary benchmark data on BlueSnap, giving you access to unique savings strategies to help you save more on merchant account fees.

If you are currently using BlueSnap as your merchant account provider, you can still save money by working with Verisave. Submit your most recent merchant account statement and we will determine whether or not you could benefit from our services after performing a free audit of your account statement.

Verisave Merchant Services Review: Stripe

Stripe for Credit Card Payment Processing

Stripe’s strengths lie in their wealth of customizable eCommerce tools. They are growing in popularity for merchants across eCommerce platforms. While Stripe is a great option for small businesses with its flat-rate pricing model, they also process payments for companies like Lyft, Under Armour, Blue Apron, Pinterest, Wish, TaskRabbit, and more.

Stripe is a third-party payments processor. This company is especially popular in the eCommerce world for it’s customizable development. So for the hard-code savvy, Strip is very appealing. They bost over 100 features on top of their ability to process credit card payments for merchants. For teams with in-house development, Stripe is a popular tool. It allows you to design your own web store front and checkout pages. If you’re not set up to design and develop your own site, Stripe can still be used to create a simple online store front for credit card processing.

While Stripe is comparable to PayPal and Square, it is not an aggregator (PAYFAC model). Being a third-party processor, Stripe is a bit more reliable and easy to troubleshoot when payment problems arise.

If you are looking to work with Stripe, or if you feel you have outgrown their services, speak with a merchant account expert at Verisave. We have worked with most credit card processing companies, independent merchant account providers, and processing gateways in a variety of industries and can help you to determine which route is best for your finances. Many business owners look to Verisave to lower their overall merchant fees and eliminate the stress of managing their merchant accounts each month.

Merchant Credit Card Processing Products & Services

Stripe is similar to PayPal, focusing primarily on simplifying eCommerce credit card processing for business owners. They have developed a number of business management tools on top of credit card payment processing. Specifically related to credit card payment processing, Stripe offers the following services:

STRIPE PAYMENT PROCESSING: Accept payments from all credit and debit card providers, present and not-present credit card transactions, mobile transactions, and more.

STRIPE HOSTED PAYMENT PAGE: Allow for secure credit card transactions on your web site without the risk of storing sensitive information. This allows for PCI compliance and limited liability.

STRIPE PCI COMPLIANCE: With Stripe’s fraud prevention tools, you can be sure to meet the qualifications for PCI compliance.

STRIPE CUSTOMIZABLE CHECKOUT: While you can utilize Stripe’s security precautions with the Stripe hosted payment page, you can also customize this page to match your existing site design.

STRIPE SUBSCRIPTIONS: Offer customers an eCommerce solution for subscription payments.

STRIPE MARKETPLACE TOOLS: This is a useful solution for eCommerce sites selling products from multiple merchants in need of routing payments in more than one direction.

Stripe Also Offers The Following Business Management Tools:

  • Platform-building tools
  • Coupons and free trials
  • Customizable reporting tools
  • Buy buttons in mobile apps

Speak with Verisave to see how we can lower your merchant account fees using Stripe. Traditionally, we will not require you to change processors, but if Stripe is not the best suit for your business and you can save on merchant fees by using another processor, then we will let you know. In any case, give us a call before making long-term commitments to any credit card payment processor.

Stripe System Integration

While Stripe is similar to PayPal and Square, not all businesses are going to find the PAYFAC model efficient for their payment processing. This makes Stripe a good option for those interested in processing credit card payments through their merchant account and a third party payment processor like Stripe.

Stripe’s system integration is simple to configure and pairs well with a number of existing POS systems, merchant accounts, and gateways.

How Much Will You Be Paying For Stripe Credit Card Processing?

For each credit card transaction, Stripe charges just a single flat rate:

Standard transaction: Fee of 2.9% + $0.30 per transaction.
ACH and Bitcoin transactions: Fee of 0.8% per each transaction, up to a maximum of $5.

Stripe’s micropayments plan for digital goods: This plan eliminates the $0.30 per-transaction fee for small sale amounts. Instead, this plan charges a higher percentage of the transaction. Different fees may apply if you’re using Stripe Connect.

Stripe’s flat rate pricing of 2.9% + $0.30 for internet transactions is exactly what Square, PayPal, and Braintree charge.

Verisave has worked with hundreds of companies to lower their overall merchant fees. We are confident our auditing experts can help you to lower your overall monthly merchant fees whether you use a PAYFAC model like PayPayl or Square or traditional merchant account and third party processor like Stripe. Looking to enroll in Stripe’s credit card processing services? Speak with Verisave to see what you could be saving by making this transition. Contact us today to start this simple process with a free analysis of your current merchant account statement.

Contract Lengths For Using Stripe Payment Acceptance

Stripe is simple. They require zero long term contracts resulting in zero cancelation fees. Stripe does include a provision that it can terminate your account or implement a hold if it deems your business an unacceptable risk (or for pretty much any other reason, or no reason at all).

Working With Stripe’s Sales and Customer Service Reps

Researching Stripe’s Merchant Services – Stripe is relatively straightforward on their website with information like pricing and available merchant solutions. However, a fair amount of detail concerning the tools they offer can be found in their educational information that is harder to find on their website. While their web content offers a lot of marketing jargon, you can learn more about their services by visiting links buried within their pages that address the specifics for each merchant tool they have created.

Contacting Stripe’s Customer Support – Stripe is lacking in customer service as they do not offer a telephone line to speak with representatives directly. All customer service is accessed via email to their customer support email account. Responses take time and yield somewhat satisfactory information depending on your query. While they offer a good amount of readable, troubleshooting information, asking direct questions to someone on the phone is an option we wished they would offer. For more immediate answers than email, you can utilize their chat feature.

VERISAVE MERCHANT SERVICES REVIEW

Stripe for Credit Card Payment Processing

While we might not promote Stripe for all merchants, they are a suitable payment processor for some. If your business is in the beginning stages, then Stripe is a great starting point. But once you begin processing higher volumes of credit card transactions, then you will need to restructure your merchant accounts to achieve greater savings in your overall merchant fees. Speak to Verisave to find out if you have reached that point. We can help direct you towards a more effective way of processing credit and debit card payments so you are not overpaying.

Verisave specializes in reducing merchant fees for companies of all sizes. Working with 500+ merchants to drastically lower their credit card processing fees has led our team of experts to develop proprietary benchmark data for tracking and comparing your rates and fees with current market trends. Based on our experience with numerous processors, gateways, and credit card providers – and now having an invaluable data set of industry statistics – our clients gain control over the confusion of the credit card industry and save money. Watch the video below to see how our trusted process works:

Whether you are currently working with Stripe or if you are just exploring your options, our experience in the credit card processing industry lends a considerable leg up to merchants in any industry. Contact us today to start the process of uncomplicating your merchant statement and lowering your merchant fees.

Verisave Merchant Services Review: Heartland Payment Systems

Heartland Payment Systems for Credit Card Payment Processing

Heartland Payment Systems operates under the parent company Global Payments (since 2016). However, Heartland has been a credit card payment processing company since they were originally established in 1997, having plenty of time to fine-tune their services and processing systems.

Heartland offers merchant accounts, payment processing, and a select few solutions for business management include payroll and billing management solutions.

Verisave customers achieve an average savings of 25%-35% in overall credit card processing fees with an audit from Verisave. If you are interested in working with Heartland Payment Systems, restructuring with Heartland, or just looking to save on merchant costs, then speak with a Verisave merchant service expert.

Merchant Credit Card Processing Products & Services

Concerning credit card payment processing, Heartland offers the following services:

HEARTLAND EMV/POS TERMINALS: Heartland offers proprietary POS systems as well as options for using a variety of third-party POS systems that integrate with their software.

HEARTLAND MERCHANT ACCOUNTS: Merchants of all sizes can use Heartland for their merchant account, but it does cater better to larger businesses. The fees become a bit unreasonable when your business is processing less than $50,000 per year.

HEARTLAND INDUSTRY SPECIFIC PROCESSING PLANS:

Heartland Payment Systems has developed specific processing solutions for niche-specific industries. These plans involve combinations of multiple business tools paired with credit card payment processing and more. POS systems, gift cards, loyalty programs, payment processing, analytics and more come in these customized plans and will vary based on the specific needs of your industry.

  • Quick-Service Restaurants
  • Petroleum
  • Laundry
  • Municipalities
  • Nonprofit
  • Hospitality
  • Education – K-12
  • Parking
  • Liquor
  • Retail
  • Campus
  • Grocery

HEARTLAND MICROPAYMENT OPTIONS: For businesses processing small payments per transactions (laundromats are one example), Heartland offers a cashless payment system with lower processing fees to accommodate for the small transaction amounts.

HEARTLAND PAYMENT ACCEPTANCE: Merchants using Heartland services can accept payments using any of these available methods:

  • In-store
  • Online
  • Offsite
  • EMV
  • Apple Pay
  • Samsung Pay
  • Android Pay
  • Credit and Debit cards
  • Gift cards
  • Tablet terminals
  • Virtual Terminals (Portico Virtual Terminal)
  • Traditional POS systems
  • Mobile phone terminals (Heartland Mobile Payments App + optional encrypting reader)

HEARTLAND ONLINE DATA REPORTING SOLUTION: InfoCentral and Heartland Analytics are two data reporting systems offered by Heartland Payment Systems. These systems also include features like CRM and email marketing.

HEARTLAND eCOMMERCE SOLUTION: Heartland provides developer tools for creating your eCommerce site with plug-and-play installation. This software allows you to add shopping carts and payment processing to your existing website. Or, you can start from scratch using Heartland’s eCommerce solution. Obtain a domain name, hosting, developer tools, and SEO help for creating an online store with a shopping cart. It meets PCI standards with their SecureSubmit jQuery plugin and SecureSubmit Tokenization.

HEARTLAND DATA SECURITY: By using Heartlands Out-of-scope systems, your POS device never stores sensitive card data. Their reputation for security is a good one, with little complaints to be found. Proprietary encryption and tokenization are used.

Other Services Offered by Heartland Payment Systems

Mobile ordering
Loyalty programs
Gift cards
Payroll Solutions
Billing Solutions
Managed Network Solutions
Financing

Having worked with hundreds of companies processing credit payments every day, we can apply our proven savings strategies to your merchant account. Working with Verisave is all the customization you will need for managing your merchant accounts. If Heartland is not the best option for your business, we will tell you who is. Give us a call before making long-term commitments to any credit card payment processor.

Heartland UI/System Integration

Starting fresh with Heartland is a simple process. You can use choose from their entire library of POS systems and business management solutions, though there are more comprehensive solutions out there if you’re looking for tools beyond necessary payment processing, payroll, and billing management.

If you currently have your own POS system that you would like to continue using, check to see if Heartland’s software is compatible with your system.

How Much Will You Be Paying For Heartland Services?

Heartland Payment Systems can use interchange-plus pricing but to get an accurate estimate of their pricing, you’ll have to speak to one of their in-house sales representatives. Estimates will be based on multiple factors, including:

  • Average monthly processing volumes
  • Business industry
  • Primary mode of payment acceptance
  • Customizable plan options

Though Heartland Payment Systems offers interchange-plus pricing, smaller businesses are priced differently than larger corporations. Small businesses processing less than $50k per year are charged a flat rate of $67 per month, plus interchange fees.

While many processors charge a percentage markup for credit card processing, a flat rate of $67 for merchants who processes less than $5k a month results in a markup of over 1% which is higher than the standard processor markup rates. If you are processing less than $50k a year in credit or debit card payments, Verisave can help you control costs and guide you into more cost-effective processing that will fit your small business needs.

Having worked with Heartland Payment Systems through many of our clients, Verisave has developed proprietary benchmark data that allows access to more savings opportunities. We can help you save money on your overall merchant account fees with Heartland regardless if you are just starting with them or if you have been with them for a long time.

Contract Lengths For Heartland Payment Processing

Heartland Payment Systems traditionally offers a 3 year contract length that includes an early termination fee of $295. While this is a standard parameter followed by many credit card processing companies, we’re noticing more and more larger processors are offering month-to-month contracts that are more flexible for merchants, while also eliminating early termination fees.

Though Heartland offers excellent transparency when speaking with sales reps, their website is lacking in information. Signing up with Heartland could easily result in high start-up fees, high processing rates, and additional contractual agreements altogether if you are unfamiliar with the credit card processing industry. It helps to have a team of credit card processing consultants like Verisave to help you control costs with Heartland Payment Systems.

Working With Heartland’s Sales and Customer Service Reps

Researching Heartland’s Merchant Services – Heartlandpaymentsystems.com is a small site considering their longevity in the payment processing industry. Very little is shared concerning POS systems, pricing details, contract lengths, and more. A majority of their website is marketing jargon to entice you to call and speak with a sales rep. The good news is that speaking with a sales rep is a pretty painless process with Heartland. Expect to hand over certain details about your business to receive more accurate quotes concerning pricing and commitments. To reach a sales rep, you’ll first have to submit an online inquiry and wait for a response.

Contacting Heartland’s Customer Support – Customer support is accessible through multiple avenues, depending on the topic of your inquiry. Payment processing, payroll, micropayment, and other industry-specific concerns have individual phone numbers for reaching customer service. You can also get help by using their online chat feature or submitting an email via their site’s contact page.

Online Reviews of Heartland Payment Processing

Going directly to the BBB for insight into complaints and credible reviews is tough with this company. The BBB has entries for individual offices across the US, but Heartland Payment Systems doesn’t have an overall review of their company as a whole. The good news is that these individual offices are ranked very well on the BBB, mostly in the ‘A’ to ‘A+’ range.

The two most common complaints surrounding Heartland Payment Systems come down to customer services and surprise early termination fees. While customer service complaints are something to consider, since merging with Global Payments, Heartland has taken better care to address these complaints and make necessary improvements to this area of their company.

As far as “surprise” early termination fees, these complaints typically stem from a lack of understanding. Each customers experience will vary based on the sales rep they work with. Heartland takes pride in their transparency and generally, we don’t believe the ETF is something they try to hide. It’s a common practice with payment processing companies that have longer contract lengths.

To avoid “surprises” like this, it’s important to review the documentation thoroughly before making long-term commitments to any merchant services. Working with merchant account experts at Verisave can help you to understand the inner workings of the credit card processing industry so you’re well aware of the commitments you’re making.

VERISAVE MERCHANT SERVICES REVIEW

Heartland Payment Systems for Credit Card Payment Processing

At Verisave, we believe Heartland Payment Systems is a great processing company to work with no matter what industry you are in. They take care of their customers and are easy to get ahold of when correcting backcharges or other payment processing conflicts. Their contracts are simple and straightforward. The software and hardware they offer to merchants are reliable and easy to use.

The exception to this is for small business owners processing less than $50,000 per year. With the flat rate fee of $67 per month to process your payments, Heartland’s markup skyrockets. It makes more fiscal sense to use a credit card processing company that has small business operators in mind.

If you would like to save on overall merchant fees and lower the cost of doing business, submit a recent merchant account statement to Verisave. After a free review of your statement, we’ll let you know the potential savings strategies that can be applied to your account by working with our merchant account auditing team. Watch the video below to see how our trusted process works:

Whether you are currently working with Heartland Payment Systems or you’re just exploring your options, our experience in the credit card processing industry lends a considerable leg up to merchants in any industry. Verisave has worked with hundreds of companies to lower their merchant fees and improve their overall payment processing systems. Contact us today to start the process of lowering your overall merchant fees.

Verisave Merchant Services Review: Worldpay

Worldpay for Credit Card Payment Processing

Worldpay offers credit card processing services in 40 different countries across the globe. Since Worldpay’s merger with Vantiv in 2017, their global presence has grown to include businesses of all sizes with the Vantiv side catering better to small business and Worldpay working better for larger corporations.

Considering their broad reach across the world, we’ll be reviewing Worldpay as it pertains to US merchants. This includes merchants operating from within the US, selling to a US customer base, and US business owners selling to a global market as well.

It should also be noted that for small to medium-sized businesses, the Worldpay website redirects these customers to Vantiv.

Verisave customers achieve an average savings of 25%-35% in overall credit card processing fees with an audit from Verisave. If you are interested in working with Worldpay, restructuring with Worldpay, or just looking to save on merchant costs, then speak with a Verisave merchant service expert.

Merchant Credit Card Processing Products & Services

While companies of this size have leaned toward developing a large set of business management tools to help with data reporting, inventory management, and much more, Worldpay primarily focuses on payment processing. They offer the following merchant tools:

WORLDPAY PAYMENT PROCESSING SERVICES: When establishing your account with Worldpay for payment processing, you’ll be set up with a POS system, necessary software, data security, reporting tools, and a payment gateway.
WORLDPAY POS TERMINALS: Worldpay offers proprietary POS systems as well as options for using a variety of third-party POS systems that integrate with their software. With Worldpay, you have the option of using virtual terminals (eliminating the need for a POS station), mobile terminals (phones and tablets), or standard POS systems. The Worldpay website advertises:

Integrated POS – processing technology built into the POS system
Terminals – another way to enjoy Vantiv service and support
Virtual terminal – when you are away from your store
Ecommerce – easy, online transactions to extend your reach
Mobile payments – accept mobile payments and capture more sales

Choose from the following POS terminals:

  • Verifone Vx520
  • Ingenico iCT220
  • Ingenico iCT250

WORLDPAY MERCHANT ACCOUNTS: Combine your merchant account provider with your payment processor with Worldpay. Benefits to this include the ability to make one phone call for payment disputes instead of multiple phone calls.

WORLDPAY ENTERPRISE SPECIFIC PROCESSING PLANS: Worldpay has developed specific processing solutions for niche-specific enterprises. These plans involve combinations of multiple business tools paired with credit card payment processing and more. POS systems, gift cards, loyalty programs, payment processing, analytics and more come in these customized plans and will vary based on the specific needs of your industry.

  • Airlines
  • Grocery and Drug Stores
  • Restaurant Chains
  • Education
  • Nonprofit
  • Retail
  • Fuel and Convenience Stores
  • Public Sector
  • Travel
  • Online Subscriptions
  • eCommerce Marketplaces
  • Social and Dating Websites
  • Software Sales and Services
  • Video Game Development and Sales

WORLDPAY OMNI-CHANNEL PAYMENT ACCEPTANCE: Merchants using Worldpay services can accept payments using any of these available methods:

  • In-store
  • Online
  • Offsite
  • EMV
  • Apple Pay
  • Samsung Pay
  • Android Pay
  • Credit and Debit cards
  • Gift cards
  • eChecks
  • eCommerce shopping carts
  • Traditional POS systems
  • Virtual terminals
  • Mobile POS

WORLDPAY ONLINE DATA REPORTING SOLUTION: Compile reports to better understand clear data sets for credit card processing information (reconciliation, interchange management, fees, fraud, exception handling, etc).

WORLDPAY eCOMMERCE SOLUTION: On your eCommerce site, you can accept any form of payment. Track customer purchasing habits to improve your sales. The eCommerce solution from Worldpay also caters to fraud protection with proprietary encryption and tokenization.

WORLDPAY DATA SECURITY: By providing POS systems that accept EMV (chip card) card readers, you’re adding an extra measure of security to your customers’ purchases as well as your sales. Allowing customers to use an EMV card in your store helps to protect you from counterfeit cards. Worldpay’s in-flight data encryption and tokenization make their data more secure as it moves from entity to entity, deterring hackers with unreadable information.

Other Business Management Solutions Offered by Worldpay:

Loyalty programs and gift cards
Optimization
ATM services

We can apply our proven savings strategies to your Worldpay merchant account to lower your overall fees. Working with Verisave is all the customization you will need for managing your merchant accounts with Worldpay. If Worldpay is not the best option for your business, we will tell you who is. Give us a call before making long-term commitments to any credit card payment processor.

Worldpay POS System Integration

Worldpay offers a basic array of payment processing tools for merchants. These systems are easy to integrate into a current system, or if you’re starting from the ground up, they’re even easier to get started with. They offer traditional POS systems that most business owners and customers are already familiar with so the learning curve is low with Worldpay’s hardware and software.

If you currently have your own POS system that you would like to continue using, check to see if Worldpay’s software is compatible with your system.

How Much Will You Be Paying For Worldpay Credit Card Processing?

Worldpay contracts include long terms (3 years), high cancelation fees, an auto-renewing clause, and monthly compliance fees. These are significant factors to consider when comparing Worldpay to other processing companies. An early termination fee for Worldpay can range from $95 to $495 depending on your circumstances. Their PCI compliance fees are also higher than the industry average ranging from $15 to $25 each month. Other miscellaneous fees reported by disgruntled customers include an annual $69 fee for tax reporting and unexpected monthly account service fees.

Regardless of what you read online, each merchant will have a slightly different experience. Speaking directly with a sales rep is the first step to take when considering Worldpay services. They will ask you a series of questions to create a quote. Variables considered include:

  • Average monthly processing volumes
  • Business industry
  • Primary mode of payment acceptance
  • Customizable plan options

While Worldpay offers little information on their website concerning pricing, they do advertise the following rates as a starting point:
Worldpay offers

Of course, these rates will change once you’ve spoken with a sales rep.

Verisave has worked with hundreds of companies using large credit card processors including Worldpay and we are confident our auditing experts can help you to lower your overall merchant fees. While Worldpay has a high complain volume of hidden and miscellaneous fees, Verisave merchant account experts are capable of saving you 25% to 35% in your overall merchant account expenses. Contact us today to start this simple process with a free analysis of your current merchant account statement.

Contract Lengths For Worldpay Payment Processing and Business Management Solutions

Like many credit card processors, Worldpay has a standard contract length of 3 years. If you cancel services before the term of your contract length has been met, you can expect an early termination fee that is anywhere from $95 to $495.

Though this has been standard practice for credit card processors and merchant account providers throughout the history of credit and debit cards, it’s slowly changing to meet the needs of today’s market. More and more processors are eliminating long-term contracts or at least offering month-to-month commitments to make things more suitable for merchants. If you’re interested in a shorter term contract, we can suggest a number of reliable processors that offer this feature.

Working With Worldpay’s Sales and Customer Service Reps

Researching Worldpay’s Merchant Services – Merchants can acquire Worldpay services either directly through the company or third-party retailers. Depending on the route you choose, you’ll have a different experience. Often third-party retailers can offer lower fees, but they are limited to the services they can offer. If you sign up with Worldpay directly through the company, your process will be more standard with set pricing and a full menu of their credit card processing services and business management tools.

A sales rep direct from the company should ultimately be more reliable than a third-party reseller. When working with an ISO or an independent sales rep, you’re likely to find that some are very transparent while others are less likely to paint a clear picture for you. This could be a big contributor to the negative reviews found online concerning unexpected charges, termination penalties, higher rates, and other unexpected costs.

Another complaint we have come across concerning the sales process for Worldpay is misleading offers. One such offer was a “free” terminal which turned out not to be true. We don’t think this reflects well on the business as a whole.

Contacting Worldpay’s Customer Support – Many, many complaints have been issued against Worldpay’s customer support. But this can be expected for a company processing nearly $1.5 trillion annually. Even a few hundred complaints is a small number in comparison. They have many available support lines for merchant services and the many business management solutions they offer. But even though Vantiv and Worldpay are now working as a team, their sales and customer services channels are entirely separate.

You can access Worldpay customer support via phone, email, contact form, and live chat. They also host forums and supply a library of readable resources on their website for troubleshooting.

Online Reviews of Worldpay

Worldpay is not a highly favored credit card processor according to popular reviews from major sites like Merchant Mavericks, Credit Card Processing Net, and Trustpilot. While Worldpay has an extensive reach, a plethora of business management solutions, and a streamlined system for processing, this large corporation falls short when it comes to customer service. That doesn’t make it a bad company to work with though. It’s a go-to processor for companies looking for a one-stop solution as they offer such a wide variety of customizable services.

You can avoid frustrations commonly experienced when dealing with Worldpay’s customer service by working with merchant account experts at Verisave. From the initial onboarding process to monthly management of your merchant account, we can help you to pay lower overall merchant fees and monitor activity to maintain costs through the life of your contract. Having worked with a number of companies using Worldpay for credit card payment processing, we know what to expect from Worldpay’s contractual agreements, fees, and miscellaneous charges. Truly hand off this side of the business to a trusted team of merchant account experts so you can turn your focus to more favorable aspects of running your company.

VERISAVE MERCHANT SERVICES REVIEW

Worldpay for Credit Card Payment Processing

While we might not promote Worldpay as a cure-all for merchants of all industries, they are a suitable company for some. Long contract lengths, miscellaneous fees, early termination penalties are common across the board when it comes to credit card processing. Complaints concerning these issues with Worldpay are hardly uncommon. The key to having a successful working relationship with your credit card processor is education – developing a better understanding of the credit card processing industry.

Verisave has worked with 500+ merchants to drastically lower their credit card processing fees. This has led our team of experts to develop proprietary benchmark data for tracking and comparing which fees can be audited for refunds and savings with current market trends. Based on our experience with numerous processors, gateways, and credit card providers – and now having an invaluable data set of industry statistics – our clients gain control over the confusion of the credit card industry and save money. Watch the video below to see how our trusted process works:

Whether you are currently working with Worldpay or if you’re just exploring your options, our experience in the credit card processing industry lends a considerable leg up to merchants in any industry. Contact us today to start the process of uncomplicating your merchant statement and lowering your overall monthly merchant fees.

Verisave Merchant Services Review: PayPal

PayPal for Credit Card Payment Processing

PayPal is an aggregator: a wholesale buyer or broker of a utility service, such as electricity or long-distance telephone service (or credit card payment processing), who packages it and sells it to consumers. Instead of acquiring a merchant account, gateway, and payment processor, merchants can choose to use an aggregator like PayPal (Shopify and Stripe are similar aggregator options). This is also known as the PAYFAC (payment facilitator) Model. Merchants pay for a packaged payment processing service that PayPal takes care of for you, in return charging a flat rate with fixed fees based on location and currency.

More than 17 million merchants use paypal. Their online presence since 1998 has built a name of trust and reliability. Often times when customers see the option to purchase with PayPal, they instantly feel more secure sharing their credit card and other personal information. For merchants processing low volumes of credit card payments, PayPal can be a great option for your business.

For large businesses, PayPal’s flat rate system may amount to higher processing fees than you would find using a merchant account and payment processor who aims to make larger sales volumes more affordable to process electronically.

If you are looking to work with PayPal, or if you feel you have outgrown their services, speak with a merchant account expert at Verisave. We have worked with all aggregators, independent merchant account providers, processing gateways and payment processors in a variety of industries and can help you to determine which route is best for your finances. Many business owners look to Verisave to lower their overall merchant fees and eliminate the stress of managing their merchant accounts each month.

Merchant Credit Card Processing Products & Services

PayPal made themselves known with their presence on eBay as well as their ability to transfer money from person to person in the early 2000’s. Since then, they have developed a number of tools for merchants and eCommerce business owners. Specifically related to credit card payment processing, PayPal offers the following services:

PAYPAL PAYMENT ACCEPTANCE: Merchants using PayPal services can accept payments using any of these available methods:

  • Visa
  • Mastercard
  • American Express
  • Discover
  • PayPal
  • PayPal Credit
  • In-store terminals
  • Online Shopping Carts

PAYPAL EXPRESS CHECKOUT:If you already have a merchant account and can processes payments through an independent gateway and processor, but would like to add the reliable logo of PayPal to your website or storefront, you can use PayPal Express Checkout to simply offer this method of payment to your customers.

  • No startup costs, monthly fee, or termination fee

PAYPAL PAYMENTS STANDARD: This is a good starting point for low volume businesses to begin accepting credit/debit payments. PayPal accepts the payment from the customer and sends the merchant the funds, charging the merchant a flat rate per transaction plus a percentage of the transaction amount.

  • No startup costs, monthly fee, or termination fee

PAYPAL PAYMENTS PRO: Where the Standard option collects payment information on PayPal’s site, Pro allows you to implement a shopping cart on your own site, never redirecting a customer somewhere else. This is a helpful tool for customer retention but does result in the need to obtain your own PCI compliance.

  • No startup costs, no termination fee
  • $30 monthly fee
  • You provide customers with a fully customized checkout experience right on your site
  • Includes Virtual Terminal to allow you to accept payments over the phone

PAYPAL POS SOLUTIONS: Allow for in-person payments with PayPal’s POS system. Their proprietary hardware can pair with a number of Software programs that are specific to your retail or restaurant needs.
Erply Touchbistro PayPal Point of Sale Brightpearl Retail POS System PayPal Point of Sale Touchpoint Restaurant Retail POS Systems PayPal Point of Sale Lavu Restaurant POS System PayPal Point of Sale Vend Retail POS System

PAYPAL HERE: The mobile payment app.

For the mobile card reader:

  • No startup costs, no termination fee, no monthly fees
  • Accept payments on your smartphone and tablet, on the go or in-store
  • Swiped & check-in transactions: 2.7% per transaction
  • Keyed or scanned transactions: 3.5% + $0.15 per transaction
  • International fees: 2.7% per swipe plus a 1.5% cross-border fee and/or 2.5% currency conversion

PAYPAL PAYFLOW PAYMENT GATEWAY: A gateway service for business owners who have a merchant account for payment processing.

PAYPAL VIRTUAL TERMINAL: PayPal’s option for business owners in need of a way to process mail or phone orders.

  • No startup costs, no termination fee
  • $30 monthly fee
  • Turn any computer into a credit card terminal
  • American Express® card usage fees 3.5% per transaction
  • U.S. Fees: 2.9% + $0.30 per transaction
  • International Fees: 4.4% + fixed fee per transaction.
  • Virtual Terminal: 3.1% + $0.30 per domestic transaction; additional 1.5% for cross-border transactions

PAYPAL ONE TOUCH PAYMENTS: Speed up your customers purchase process by eliminating the step of having to log into their PayPal account. This is a great eCommerce tool to decrease shopping cart abandonment.

PAYPAL MICROPAYMENT FEES: Pay less for processing micropayments.

PayPal Also Offers The Following Business Management Tools:

  • Online Invoicing
  • Bill Me Later
  • Recurring Billing
  • Pre-auth Solution
  • PayPal Business Debit Mastercard
  • PayPal LoanBuilder
  • Marketing Solutions
  • PayPal for Marketplaces
  • Business in a Box
  • Mass Payment
  • Instant Transfer
  • Business Loans
  • Accept Donations
  • PayPal Fraud Protection

Speak with Verisave to see how we can lower your merchant account fees using PayPal. Traditionally, we will not require you to change processors, but if PayPal is not the best suit for your business and you can save on merchant fees by using another processor, then we will let you know. In anycase, give us a call before making long-term commitments to any credit card payment processor.

PayPal System Integration

Not all businesses are going to find the PAYFAC model efficient for their payment processing. Those who are processing higher credit card payment volumes each month should consider another route. However, if your business is a good pair for a PAYFAC model like PayPal, then you’ll be pleased to know that PayPal is an extremely simple system to integrate into new and existing eCommerce sites and store fronts.

How Much Will You Be Paying For PayPal Credit Card Processing?

PayPal sells their services at a highly predictable flat rate. As of August 2018, their rates for payment processing are as follows:

For Standard Transactions

Online Transactions

Inside US: 2.9% + fixed rate fee (varies based on currency ($0.30 USD))
Outside US: 4.4% + fixed rate fee (varies based on currency ($0.30 USD))

In-Person Transactions

Inside US: 2.7% (no additional fixed rate fee)
Outside US: 4.2% (no additional fixed rate fee)

Standard Transactions + Charitable Organizations

Inside US: 2.2% + fixed rate fee (varies based on currency ($0.30 USD))
Outside US 3.7% + fixed rate fee (varies based on currency ($0.30 USD))

Micropayment Fees

Inside US: 5.0% + fixed rate fee (varies based on currency ($0.05 USD))
Outside US: 6.5% + fixed rate fee (varies based on currency ($0.05 USD))

Most PayPal options require zero start up fees, zero monthly fees, and zero cancelation fees. If you opt for using PayPal Payments Pro, a more customizable eCommerce shopping cart experience, there is a monthly fee of $30.

PayPal’s terminal options will also affect the pricing for their services but many of their payment processing systems rely on eCommerce shopping carts rather than in-person payment hardware.

Verisave has worked with hundreds of companies to lower their overall merchant fees. We are confident our auditing experts can help you to lower your overall monthly merchant fees whether you use a PAYFAC model or traditional merchant account. While PayPal is a great tool for small businesses using primarily eCommerce, many businesses will quickly outgrow the PayPal pricing model. Concerned you are already there? Speak with Verisave to see what you could be saving by switching to a merchant account and processor that are more equipped to handle higher sales volumes. Contact us today to start this simple process with a free analysis of your current merchant account statement.

Contract Lengths For Using PayPal Payment Acceptance

PayPal is simple. They require zero contracts resulting in zero cancelation fees.

Working With PayPal’s Sales and Customer Service Reps

Researching PayPal’s Merchant Services – PayPal is very straightforward on their website when it comes to sharing fees, rates, and other service details. Being a PAYFAC model aggregator for credit card processing services makes transparency incredibly easy in their marketing campaigns.

Contacting PayPal’s Customer Support – PayPal offers a vast library of readable resources for troubleshooting. If you cannot find what you are looking for there, you can reach customer support via phone, email, contact form, or live chat.

VERISAVE MERCHANT SERVICES REVIEW

PayPal for Credit Card Payment Processing

While we might not promote PayPal for most merchants, they are a suitable payment processing aggregate for some. If your business is in the beginning stages, then PayPal is a great starting point. But once you begin processing higher volumes of credit card transactions, then you will need to restructure your merchant accounts to achieve greater savings in your overall merchant fees. Speak to Verisave to find out if you have reached that point. We can help direct you towards a more effective way of processing credit and debit card payments so you are not overpaying.

Verisave specializes in reducing merchant fees for companies of all sizes. Working with 500+ merchants to drastically lower their credit card processing fees has led our team of experts to develop proprietary benchmark data for tracking and comparing your rates and fees with current market trends. Based on our experience with numerous processors, gateways, and credit card providers (including PAYFAC models like PayPal) – and now having an invaluable data set of industry statistics – our clients gain control over the confusion of the credit card industry and save money. Watch the video below to see how our trusted process works:

Whether you are currently working with PayPal or if you are just exploring your options, our experience in the credit card processing industry lends a considerable leg up to merchants in any industry. Contact us today to start the process of uncomplicating your merchant statement and lowering your merchant fees.

Merchant Services Expense Reduction Strategies for 2018

As we approach the end of the year, we know many companies are once again looking to reduce their merchant services expenses. Below we have provided three different merchant account expense reduction strategies that will help you get started on the right foot in 2018.

Expense Reduction Strategy #1 – Examine Merchant Service Fees

First and foremost, make sure you have someone on your team who understands how to read a merchant account statement. With so many entities taking a profit from your merchant account, it’s hard to cipher through itemized lines, percentages, and more. To understand your merchant account statement, you have to know who is taking a cut from your merchant account.

Read moreMerchant Services Expense Reduction Strategies for 2018

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