What is the best way of accepting payments today? 2021 brings with it another influx of modernized ways of getting paid. Today, we take a look at the offerings of the Merchant Services Provider, PLATPAY, to see what they’re bringing to the table.
Let’s start with the obvious! The business world runs on payments, and the more efficient and secure your ability to receive and accept those payments (and all the different variations thereof), the better of you’ll be.
It’s not as easy as you think though. There’s a lot of payment types that you need to consider:
- Credit and Debit Card Payments
- Online Payments
- Mobile Payments
- Phone Payments
- (Check) ACH Payments
And more! What you need then, is a partner that can process your payments for you in the form of merchant processing. And the ones that can offer this to you are Merchant Services Providers (MSPs) like PLATPAY (Platinum Payment Systems.)
What is PLATPAY? | The “One-Stop Solution”
“We have processed billions of dollars in sales and would love to help save time and money for your business…” — PLATPAY
PLATPAY Payment Systems is a registered Independent Sales Organization (ISO)/MSP stationed in Spanish Fork, Utah. They offer merchant processing solutions at low, competitive rates for merchants in the United States, Canada, and a select number of international areas.
The company is led by Jed Morley, PLATPAY’s CEO, who has been a prominent figure in ensuring its growth since 2008. As a merchant services provider, they provide businesses and individuals with the tools and support required to accept and process all types of payments.
Like other merchant services providers, PLATPAY’s goal is to keep the payment industry as simple for you (the merchant) as possible. And to do this? Their goal is to simplify everything that has to do with processing payments. That includes the authorization and the settlement of payments, it means facilitating the transfer of funds between your customers’ account and your merchant account (which MSPs provide), and it also means that should any issues arise in between, they will handle it or support you through the process.
How does PLATPAY Process Payments?
PLATPAY operates as a one-stop solution for all things merchant processing. Their goal is to help merchants start accepting payments “any way that their customers would like to pay!”
That includes accepting the methods of payments we introduced in the beginning. And, when processing these types of payments, PLATPAY pays attention to three ‘technical’ aspects: mobility, security, and technical compatibility to ensure that you are using the right type of equipment so that the transfer of funds from your customer’s account to your own is secure.
Note, PLATPAY also serves as a solution for merchants that are looking to process recurring billings/subscriptions, as well as merchants that are just looking for extra Point-of-Sales (POS) support.
Who is PLATPAY for?
PLATPAY accepts customers of all types, including:
- Coaches / Consultants / Event Hosts
- Brick-and-Mortar Retailers
- Mail / Telephone Order (MOTO) Businesses
- E-commerce retailers
If you’re worried about your budget not falling in line with their prices, PLATPAY offers a variety of contracts (and accompanying fees) to make sure that their rates are tailored to what your business actually needs. They’re also quite proud of the fact that their rates are 10-20% lower than average (more on this below).
Why Choose PLATPAY?
But okay, PLATPAY is not the only MSP out in the market. So, why should you choose them specifically? Well, the answer is in their contracts, where they offer several incentives or ‘bonus features’ that is hard to find elsewhere, including:
- Competitive rates that are 10-20% lower than average for credit card processing.
- Fraud and Chargeback protection for securing your transactions from friendly fraud and malicious cybernetic attacks alike.
- Highly personalized customer service — where everything is tailored to your needs.
- No long-term contracts are required to access low rates.
- No heavy cancellation fees.
- High reserves are not required.
All of this, along with their top-of-the-line technology for accepting a variety of transactions with ease and security, completes the PLATPAY package and definitely ensures that the MSP is in contention as one of the best ways to start accepting payments today.