![]() ![]() ![]() However, Paysafe may be a good fit for high-risk businesses. Most small businesses can likely find a better payment processor. Notably, Paysafe is prompt in addressing customer complaints and resolving issues. Paysafe charges a $200 monthly fee for high-risk merchants to cover costs associated with enhanced monitoring and due diligence.Ĭustomer reviews indicate issues with inconsistent transaction processing - such as payments not coming through - hidden charges and unclear contracts. Examples of typically-considered high-risk merchants include those in the multi-level marketing, gambling and subscription industries. High-risk merchants are those that do not meet standard requirements for approval by credit card processors, such as those with high average order sales or chargeback volumes. Notably, Paysafe offers credit card processing solutions for high-risk merchants. In contrast, Paysafe requires a $12.95 monthly fee, making it better for companies that manage consistent and larger transaction volumes per month to make the monthly fee worth the cost, given the lower per-transaction rates. However, many competitors process payments with only per-transaction fees. For context, competitor processors offer between 2.3% and 2.9% plus 9¢ to 49¢ per online and in-person transaction. Paysafe merchants pay 0.03% plus 10¢ per transaction for online and in-person credit card processing. Its per-transaction fees are some of the lowest available. Paysafe is a credit card processor offering a wide range of payment options, including online cash payments, direct debit and digital wallets.
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