FAQ

What is payment processing?

Payment processing is the process of transferring money from a customer’s bank account to a merchant’s bank account.

It involves a number of steps, including:

• The customer enters their payment information into the merchant’s payment terminal or website.
• The merchant’s payment processor sends the payment information to the credit card company or other payment network.
• The credit card company or payment network verifies the payment information and authorizes the transaction.
• The funds are transferred from the customer’s bank account to the merchant’s bank account.

What are the different types of payment processing?

There are two main types of payment processing: traditional credit card processing and high-risk credit card processing.

1. Traditional credit card processing is the most common type of payment processing. It is used by businesses of all sizes, including retail stores, restaurants, and online merchants.
2. High-risk credit card processing is used by businesses that are considered to be high-risk, such as businesses that sell CBD products or businesses that have a history of chargebacks.

What are the benefits of using Payments Plus?

Payments Plus offers a variety of benefits, including:

• Affordable and reliable payment processing
• Wide range of solutions to meet your needs
• Cutting-edge fraud prevention technology
• Easy-to-use POS system
• Dedicated customer support team

How do I get started with Payments Plus?

To get started with Payments Plus, simply contact us and we will be happy to help you set up an account. We will also provide you with a dedicated account manager who will be available to answer any questions you may have.

What are the steps involved in setting up a Payments Plus account?

To set up a Payments Plus account, you will need to provide us with the following information:

• Merchant Application
• 3 months of existing merchant statements
• Financials(New Businesses only)
• The type of business you operate
• The products or services you sell
• Average and highest ticket size
• Business License
• Articles of Incorporation
• Owners ID for all owners over 25%
• EIN

Once we have received this information, we will review your application and contact you to let you know if you have been approved. If you are approved, we will set up your account and provide you with a payment terminal or access to our online payment processing system.

What are the fees associated with Payments Plus?

The fees associated with Payments Plus will vary depending on the type of payment processing solution you choose. We offer a variety of pricing options to fit your budget.

How can I contact Payments Plus?

You can contact Payments Plus by phone, email, or live chat. Our customer support team is available 24/7 to answer your questions and help you with any problems you may have.

sales@paymentsplus.shop
1-888-538-3391