What are payment services?
Payment services refer to a broad range of financial services designed to help businesses accept and process payments from their customers. This can include credit and debit card processing, online payment gateways, point-of-sale (POS) systems, mobile payments, and more.
How do payment services work?

Payment services act as the middleman between your business, your customer's payment method, and your bank. When a customer makes a purchase, the transaction information is securely transmitted, processed, and funds are deposited into your business account.

What types of payments can I accept ?

Most payment services providers allow you to accept a variety of payments including major credit and debit cards, contactless payments, mobile wallets (like Apple Pay and Google Pay), online payments, and sometimes even ACH bank transfers.

What equipment or software do I need to get started?

That depends on your business type. Retail businesses typically need a point-of-sale (POS) terminal or card reader, while online businesses require a secure payment gateway. Many providers offer mobile payment options and virtual terminals as well.

How long does it take to receive funds after a transaction?

Funding times can vary by provider, but most businesses receive their funds within 1 to 3 business days. Some services offer same-day or next-day deposits for an additional fee.

How are transaction fees determined?

Transaction fees typically depend on factors such as the type of card used, the transaction method (in-person, online, or keyed-in), and your agreement with the merchant services provider. Fees usually include a percentage of the transaction amount plus a flat fee per transaction.

Can I accept payments online and in-person with the same account ?

Many payment services providers offer omnichannel solutions, allowing you to accept payments both online and in-person using a single account and unified reporting system.

Is there a long-term contract or cancellation fee?

Contract terms vary by provider. Some offer month-to-month service with no cancellation fees, while others may require a longer commitment. It's always a good idea to review the contract details carefully before signing.