Same Day Funding Merchant Services
Same day funding merchant services allow businesses to have access to capital on the exact day the purchase is made. This feature gives a business
March 22, 2023
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Same day funding merchant services allow businesses to have access to capital on the exact day the purchase is made. This feature gives a business
ACH service providers supply you with the ability to process ACH transactions. These payment processors work with different types of industries that benefit from direct
The first universal credit card was invented in 1950. Credit cards have become much more popular since then. Today, they are indispensable for making and receiving
151 million people in the United States have fallen victim to credit card fraud at some point in the past. This is why having secure payments
Almost 20% of US businesses fail before two years of operating. Although this may seem like an alarming statistic, there are steps you can take in
The United States is currently home to 2.5 million eCommerce businesses. If you have an eCommerce business that you’re trying to grow, you know that payment processing
If you’re looking for a payment processor that doesn’t hold funds, then you’re in the market for a high risk merchant account provider. These types
Merchant credit hold for review is a notice some merchants may receive when their account is suspended. This can happen for a number of reasons.
Your merchant ID number is a fifteen digit bank account number associated with your merchant account. It is used to identify your business and is
A fantasy sports merchant account is ideal for companies in the online gaming industry. In recent years, the demand for credit card processing in fantasy
The best echeck processing provider gives you the resources to get approved fast and maintain low fees. These two major factors are key characteristics of
A bad credit merchant account gives companies the opportunity to obtain payment processing even when their credit score is not ideal. If you are a
High risk merchant account fees are usually higher than their low risk counterparts, but the added premium gives you sustainable solutions that you need to
An original credit transaction is a real-time transfer of funds to a credit card. In this push transfer, money is sent immediately to the card-holder’s
A travel merchant account gives you the ability to accept credit payments from your customers. There are many types of businesses in the travel industry
Payment processing for adult streaming sites requires a high risk payment processor. The unique billing model for subscribers paired with payments for entertainers, make adult
For a low to moderate risk merchant account, the average setup time is 24-72 hours after receiving all requested documentation. For high risk accounts, the underwriting process can take longer. On average the setup time is 1-2 weeks after receiving all requested documentation.
Many variables are taken into consideration during the underwriting process. Business types that have elevated chargeback risks are considered “High Risk”.
High Risk industries include but are not limited to:
Zen Payments has extensive experience in working with and boarding merchants in high risk industries. Click here to arrange a personal consultation.
A merchant account is an account that enables businesses to accept credit cards from their customers either online, in person or keyed manually.
PCI Compliance is a set of security standards that all merchants and vendors need to meet. This ensures that customer credit card data is protected. Every merchant needs to be PCI compliant. To become compliant you need to complete a compliance questionnaire and complete any applicable scans.
We are dedicated to making sure all of our merchants are PCI compliant. If you have any questions about compliance or need help with your questionnaire, our support team is available during business hours at 801-405-9888.
While your personal credit is not a always a critical factor in obtaining a business merchant account, poor personal credit may cause underwriting to require additional documents such as company bank statements and other financial documents in order to assess the stability of your business.
All merchant accounts come with the ability to accept Visa, MasterCard, Discover and American Express. You can also apply to accept other forms of payment such as: PIN-Debit, e-check, fuel cards, EBT and gift cards.
Yes. Every merchant account comes with access to a free iOS mobile application to process payments. We also have paid mobile applications for Android users and merchants with other special requirements.
Yes. Every month, by mail and/or email, you will receive a statement that details all your payment information for the month, including deposits into your account, your total sales volume, and the charges for the month. You can also access this information online for real-time, up-to-date information.
A Payment Gateway, otherwise known as a Virtual Terminal, provides merchants with the ability to process payments and accept credit cards securely. Merchants can key in transactions manually, send invoices, and set up recurring payments through the payment gateway. These gateways also have fraud filters to help minimize fraudulent transactions and diminish the chargeback risk to the merchant.
Every merchant account with Zen Payments includes access to a state of the art payment gateway at no cost.
All credit card processing companies are required to secure customer’s payment information. No matter which company the merchant chooses, the payment processor must provide a high level of security for transactions. Security must meet the PCI-DSS (Payment Card Industry Data Security Standard Certification) standards.
All of the systems that Zen Payments uses are in compliance with the latest PCI standards.
Zen Payments Customer Support is available Monday through Friday from 8:30 am – 5:30 pm MST at 801-405-9888. You may also email us 24/7 at support@zenpayments.com.
It has been statistically proven that offering your customers the ability to pay with credit cards can double or even triple your current sales! It has been shown that people spend more money when they use cards as opposed to cash. Credit card payments are also quicker and more efficient for both the customer and the business owner.
A POS or Point-Of-Sale system offers more robust features as opposed to a conventional terminal or virtual terminal. These systems often help with inventory management, employee tracking and sales trends.
Zen Payments offers a variety of different POS systems for specific industries including:
Contact us to arrange a demo of our available POS solutions.
Your business is classified as RETAIL if more than 80% of your credit card transactions are physically swiped/inserted.
Your business is classified as MOTO (Mail Order/Telephone Order) if more than 20% of your orders take place by telephone or mail order with an agent manually keying in credit card payment details.
Your business is classified as E-Commerce if sales take place primarily through a Website payment form or shopping cart at a percentage above the RETAIL and MOTO thresholds.
With Zen Payments, there are NO hidden fees! Your itemized fees are fully disclosed upon sign-up, and further, these fees are guaranteed for the life of your account.
Click here if you have an existing merchant account and would like a complimentary fee evaluation to find out EXACTLY what your costs are with your current provider.
EMV (Euro Mastercard-Visa) is the name for chip-embedded cards. Since October 2015 it is mandatory that merchants be EMV compliant. If you are not EMV compliant then you are liable for any fraud that takes place.
