Established in 2004 in the heart of Atlanta, Payscape has evolved into a leading player in the all-encompassing arena of payment processing, catering to both traditional and “high-risk” commercial sectors. Far from being just a merchant services provider, Payscape distinguishes itself as a multifunctional FinTech entity, delivering more than just payment solutions. The company offers both hardware options, such as point-of-sale (POS) systems and mobile card readers, as well as software services like digital invoicing and ecommerce utilities.
Key Features of the Platform
Card Payments: Payscape excels at simplifying the process of accepting credit and debit cards, catering to a variety of needs such as Electronic Benefit Transfer (EBT) or specialized fleet cards like WEX. The platform is versatile enough to accommodate unique business models, including gas stations with pay-at-the-pump systems. Functionalities include tax calculations, tip integration, smooth customer signature collection, and efficient stock management. An added bonus is the card storage feature that streamlines setting up repeat billing cycles.
Internet Sales: Payscape enables enterprises to diversify their online revenue streams. Whether you already have a website or not, you can swiftly activate online sales. There’s an option to create a subdomain through Payscape, and if you’re focused on social media marketing, you can even integrate a shopping feature within your Facebook or Instagram profiles. This flexibility also extends to compatibility with various payment gateways and shopping cart solutions, allowing tailored ecommerce experiences.
Chargeback Management: Payscape adopts a systematic approach to handling chargebacks, with a preference for notification via email or fax. Specialized personnel oversee this process, providing expert advice to reach the most effective resolution.
B2B Transactions: Recognizing the complexity of business-to-business payments, Payscape supports these through the PayTrace gateway. This ensures the delivery of enriched level 2 and level 3 data, effectively minimizing transaction downgrade risks and associated costs.
Custom Gift Cards: Payscape integrates personalized gift card offerings into top POS systems. The company offers an initial bundle of 50 cards for testing, sweetened by an offer of 25 free additional cards. Fees are reasonably structured, with standard cards having no setup costs.
Customer Loyalty: The platform enables the cultivation of consumer loyalty through a points-based program that can be integrated seamlessly with the 1stpay POS system at no extra cost. While there’s no standalone tracking app, businesses can directly provide tracking information to customers.
Funding Solutions: Payscape provides the option of merchant cash advances, a flexible financing solution paid back via daily sales transactions. While they may come with higher fees than traditional loans, these advances offer a practical funding alternative.
Security Measures: Compliance with Payment Card Industry (PCI) standards is a must, and Payscape provides robust support in ensuring this. Non-compliance may result in fees, but a 90-day advance notice allows sufficient time for corrective action. Additional data breach protection and advanced security features are available at nominal costs.
Getting Started with Payscape
Joining Payscape is straightforward. Simply visit their official website and look for the “Join Us” or “Sign Up” section. Fill out the required form accurately, as the Payscape team will thoroughly review your submission. Successful applications will receive a confirmation email outlining the next steps, including account setup details and necessary documentation, ensuring a smooth transition into the Payscape ecosystem.