Frequently Asked Questions
What is a merchant account payment processor?
A merchant credit card processing company, like PayCompass, is a service that enables businesses to accept credit and debit card payments. We process payments by connecting merchants, banks, and card networks for secure fund transfers. Features like fraud protection, transaction authorization, and settlement services are a plus, but PayCompass goes above and beyond by offering chargeback protection and virtual card issuing.
What is a merchant payment gateway?
A merchant payment gateway authorizes and securely transfers payment data online between a website and the processor. By encrypting sensitive information, the payment gateway increases security of the data being transferred. At PayCompass, we act as both the payment gateway and the processor which allows us to ensure a seamless connection and ultimate security.
What is the best payment solution?
PayCompass offers secure, fast, and reliable payment processing for businesses of all sizes. From small to enterprise companies, PayCompass provides tailored merchant accounts, gateways, fraud protection, and even competitive rates. Our clients love our chargeback prevention methods and smooth in-person and online transactions.
What is a payment processing company?
Payment processing companies handle electronic transactions for both in-person retail/service locations and online e-commerce platforms. Our merchant account services allow businesses to thrive and grow with cash flow efficiency, simplified payment processing, chargeback prevention methods, global market access, and innovative virtual card issuing.
What payment system is best for small businesses?
PayCompass’s mission of providing cash flow efficiency and easy transaction management allows businesses to focus on thriving. Our small business clients appreciate the room we create for them to scale, while our enterprise businesses appreciate the hassle-free control and payment visibility. Credit card processing for small businesses with PayCompass also allows them to reduce chargebacks, which can weigh heavily on them and have a larger impact than for enterprise businesses.
What are PayCompass Virtual Cards?
Virtual cards from PayCompass offer secure, instant transactions, fraud protection, and spending control. Easily manage subscriptions and payments with enhanced security.
