Merchants we help

Fintech businesses tend to have a main focus on areas like:

• feature functionality
• integration-friendliness
• scalability
• security and compliance
• reliability

  and of course the cost and fees associated with the solution.

Often times, a fintech’s core business runs through its website, so when deciding on a merchant services provider, Fintech executives demand a flexible and seamless integration complete with dev documentation. A sandbox environment is preferred when the time comes for QA, tweaking and finalizing configurations and processes before going live.

Along with a seamless integration, security and compliance is a critical topic to address when considering a new merchant partner. First off – your provider has to adhere to what’s called the Payment Card industry Data Security Standard (or PCI DSS for short). For security needs, fraud prevention tools that are advanced enough to handle the most savvy fraudsters are essential. Data encryption is a must-have for protecting your customer’s private information.

Understanding what kind of payment processing capabilities you need as a business vs. what a merchant partner offers will change who your best merchant services partner should be. Looking closely at features like credit and debit cards options, digital wallets, or alternative payment methods may play a part in your final decision. You may need services like recurring billing if you are a subscription-based Fintech business.

Cost is a major consideration — especially for higher volume businesses. You should have a clear view of what types of costs are included in your merchant solution. Pricing structures should be shared before making a commitment, including transaction fees and monthly or yearly fees. For example, some merchant services enforce a minimum dollar amount or transaction total to avoid an annual fee.