WePay is a merchant acquirer and payment processor based in the USA, which takes the leading position in the American market of payments. The facility controlled by JPMorgan & Chase processes almost half of all online transactions in the country. The volume of money movement is huge. It is enough to say that the system is responsible for movement of 100+ million USD per second. According to the figures available in the official website of the company, the platform processes over 31 billion transactions annually.
The platform makes it easy for legal entities to get paid easily and securely online. This task should be fulfilled regardless of the method of payment acceptance, whether it is done in-person, or using mobile devices.
Providing powerful integrated payment solutions for legal entities of all types and sizes, the platform offers transparency and flexibility, with all services backed by a team of dedicated professionals ready to assist customers when needed.
WePay provides a range of features and tools to manage payments, prevent fraudulent activity, and comply with industry regulations. Its flexible payment solutions serve various industries, in particular, e-commerce stores, marketplaces and various services, for instance software platforms. It is also possible to use the system for crowdfunding.
WePay offers customized payment solutions to meet the unique needs of each of their clients. Their goal is to build long-term relationships with their customers and support them throughout their partnership. The company provides a comprehensive range of financial services, offering a complete package of payment solutions that combine the best of both worlds: the resources of a bank and the agility of a SaaS provider.
WePay is recognized for its ability to innovate and adapt quickly, delivering state-of-the-art payment solutions that can be seamlessly integrated using APIs. By leveraging these cutting-edge tools, businesses can maximize their revenue opportunities and monetize payments correctly. Whether you need to accept payments online, in-person, or through mobile devices, WePay has the expertise and technology to help you achieve your goals.
The platform’s services include handling the Know Your Customer (KYC) process to help merchants onboard quickly, and the complete Merchant Center, which allows merchants to manage the process of onboarding, and then handle transactions with ease. Additional functionality includes chargebacks, convenient reporting, and other features. The Partner Center is designed to help businesses boost revenue effortlessly, providing features like advanced reporting, analytics tools, clients’ support, and customization capability.
Using WePay, businesses can be confident that they are fully protected against fraud and chargeback losses as the platform takes on risk and PCI compliance.
The platform’s most popular features (flexibility of payouts along with the same-day depositing) also contribute to better cash flow. In general, the company presents powerful payment solutions tailored to the specific needs of each business, and it makes the platform highly-demanded in the market.
Payments details and fees
Businesses using the service can easily integrate a suite of payment solutions into their sites, mobile applications, and software platforms, enabling clients to pay how they wish, including bank cards and even ACH bank transfers. It is also allowed to use digital wallets for that purpose such as Google Pay, or Apple Pay. The service offers three tiers of pricing, with a custom pricing option to cater to the needs of different businesses.
How to connect to the service
As was mentioned above, the platform offers immediate onboarding, so it is possible to connect to the system and start working straight away. Merchants and companies, which wish to set up the gateway, need to log into the platform, fill out the required information such as settlement banks, bank account data, details on routing information, and start working with the system.