Payeezy - Akurateco
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Payeezy

 

Payeezy is a business-oriented platform, with a strong focus on guiding small and medium-sized businesses (SMBs) in establishing and growing their online stores. The platform was owned by First Data, a premier payment solution provider, headquartered in Brookfield, Wisconsin. This organization had the largest client base in the industry – over 6 million merchants globally.

As an industry leader, Payeezy offered several solutions for merchants, such as webstores, secure and fraud-resistant payment handling, comprehensive reporting, seamless cross-border transactions, and swift currency conversions.

Unfortunately, Payeezy which merchants know and use today, will be discontinued on August 31st, 2023. Estimates showed that the Payeezy platform and its resellers handled about 45% of all credit and debit transactions while in operation. 

Payeezy will transition to Clover Gateway, and, which will be owned by Fiserv, a leading global provider of financial services technology solutions.

Products and Services

Payeezy is mainly focused on eCommerce companies, and it offers applicable and easy payment gateway solutions to help merchants receive payments anytime and anywhere. This payment system is also suitable for banks, and government institutions. Its integration supports:

  • Credit Cards (Visa, MasterCard, American Express, JCB, Discover, and Diners Club)
  • Credit Card Reference Transaction
  • E-checks
  • PayPal
  • ACH

When it comes to key products and services, know that Payeezy is a direct processor, so all its merchants work directly with the company in every way. The Payeezy/Clover payment gateway is integrated with over 70 types of shopping carts.

It’s secure, keeps customer data safe, and supports multiple currencies. Due to the current change in platforms, merchants can use the Payeezy gateway to integrate their websites with Clover Online Store. It offers built-in web hosting and many shopping cart integrations for easy setting up of online stores.

The Payeezy payment gateway comes with a comprehensive integration guide. It has every step necessary to help users integrate it with their stores. What’s more, its payment gateway is backed up by a robust set of online tools with 24/7 access to the customer support team. Finally, there is reporting and analytics within the gateway to improve tracking.

Once Payeezy fully transitions to Clover, businesses will enjoy:

  • Real-time tracking
  • Inventory management
  • Better control of cash flow
  • Tools for customer engagement
  • Payroll management for employees
  • Payment processing
  • Invoices
  • Virtual terminals

As Clover, Payeezy will also bring hardware tools, such as hand-held card readers, stations, and POS systems.

What To Know Before Starting

Payeezy is a powerful payment solution, yet it doesn’t apply in some scenarios. The US merchants that deal with firearms, gambling, pharmacy, and tobacco products and services should consider alternative solutions.

Payeezy offers a test environment for organizations that want to explore the features before registering. Once you create an account, you’ll be assigned a unique APIKey for test transactions. Signing-in merchants will become available after you certify your solution and complete the registration.

To create your account, fill in your first and last name, email address, and select a business from a drop-down menu. 

 

Disclaimer

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