A Review and Guide on TrustPayments: Payment Service Provider for Mid & High-Risk Merchants
If you’re running an online business, choosing the right payment service provider is crucial. While there are many options available, not all of them cater to the needs of mid and high-risk merchants. TrustPayments is a payment service provider that specializes in providing payment solutions to such businesses. In this article, we will review and guide you through TrustPayments’ features, services, and pricing.
Table of Contents
- What is TrustPayments?
- Services provided by TrustPayments
- Payment gateway
- Virtual terminal
- Fraud screening
- Recurring payments
- Pricing
- Integration options
- Security features
- TrustPayments’ customer support
- Pros and cons of using TrustPayments
- How TrustPayments compares to its competitors
- Frequently Asked Questions (FAQs)
- How does TrustPayments help mitigate fraud?
- What are the fees associated with using TrustPayments?
- How easy is it to integrate TrustPayments with my website?
- Does TrustPayments support multiple currencies?
- Can TrustPayments provide me with customized reports?
What is TrustPayments?
TrustPayments is a payment service provider that offers a range of payment solutions to businesses operating in various industries. The company caters to the needs of mid and high-risk merchants, providing them with customized payment solutions that meet their specific requirements. TrustPayments is a subsidiary of the SafeCharge International Group, which has been operating in the payment industry since 2006.
Services provided by TrustPayments
Payment gateway
TrustPayments provides a payment gateway that enables businesses to accept payments online securely. The payment gateway supports multiple payment methods, including credit and debit cards, e-wallets, and bank transfers. TrustPayments’ payment gateway also supports recurring payments, making it ideal for businesses that offer subscription-based services.
Virtual terminal
TrustPayments’ virtual terminal allows businesses to process payments manually, either over the phone or via mail order. The virtual terminal is easy to use and supports multiple payment methods, making it an ideal solution for businesses that don’t have an online presence.
Fraud screening
TrustPayments’ fraud screening service helps businesses mitigate the risk of fraud. The service uses advanced fraud screening techniques to identify potentially fraudulent transactions and block them before they are processed.
Recurring payments
TrustPayments’ recurring payments service allows businesses to set up recurring payments for subscription-based services. The service is easy to use and supports multiple payment methods.
Pricing
TrustPayments’ pricing is competitive and transparent. The company charges a fee per transaction, and there are no hidden fees or charges. The exact fee charged depends on the type of transaction, the payment method used, and the volume of transactions processed. Businesses can contact TrustPayments’ sales team to get a quote based on their specific requirements.
Integration options
TrustPayments offers a range of integration options, making it easy for businesses to integrate the payment service provider with their existing systems. The company offers plugins for various e-commerce platforms, including Shopify, Magento, and WooCommerce. TrustPayments also provides an API that allows businesses to integrate the payment service provider with their custom-built systems.
Security features
TrustPayments’ payment solutions are secure and compliant with the highest industry standards. The company is PCI DSS Level 1 certified, which means that it adheres to the strictest security standards for handling credit card data. TrustPayments also uses advanced fraud screening techniques to identify and block potentially fraudulent transactions.
TrustPayments’ customer support
TrustPayments offers excellent customer support, with a dedicated support team that is available 24/7 to assist businesses with any issues they may encounter. The company provides support via phone, email, live chat, and a ticketing system. TrustPayments also offers a comprehensive knowledge base, which includes user guides, FAQs, and troubleshooting tips.
Pros and cons of using TrustPayments
Pros
- Customized payment solutions for mid and high-risk merchants
- Competitive and transparent pricing
- Easy integration with various e-commerce platforms and custom-built systems
- Secure and compliant with the highest industry standards
- Advanced fraud screening techniques
- Excellent customer support, available 24/7
Cons
- Limited payment options compared to some of its competitors
- Some users have reported issues with the user interface of the virtual terminal
How TrustPayments compares to its competitors
TrustPayments is a payment service provider that specializes in providing payment solutions to mid and high-risk merchants. While there are other payment service providers that cater to this segment of the market, TrustPayments stands out for its customized payment solutions and advanced fraud screening techniques.
Some of TrustPayments’ competitors include:
- PayPal: PayPal is a popular payment service provider that offers a range of payment solutions for businesses of all sizes. While PayPal is a reliable and secure payment service provider, it may not be the best choice for mid and high-risk merchants, as it has limitations on the types of businesses it supports.
- Stripe: Stripe is a payment service provider that offers a range of payment solutions, including a payment gateway, recurring payments, and fraud screening. Stripe is a popular choice for businesses of all sizes, including mid and high-risk merchants.
- Authorize.net: Authorize.net is a payment service provider that offers a range of payment solutions, including a payment gateway, virtual terminal, and fraud screening. Authorize.net is a popular choice for businesses of all sizes, including mid and high-risk merchants.
Compared to its competitors, TrustPayments offers customized payment solutions that cater to the specific needs of mid and high-risk merchants. TrustPayments’ advanced fraud screening techniques and excellent customer support are also factors that set it apart from its competitors.
Frequently Asked Questions (FAQs)
How does TrustPayments help mitigate fraud?
TrustPayments uses advanced fraud screening techniques to identify potentially fraudulent transactions and block them before they are processed. The company’s fraud screening service is designed to protect businesses from the risk of chargebacks and other types of fraud.
What are the fees associated with using TrustPayments?
TrustPayments charges a fee per transaction, which depends on the type of transaction, the payment method used, and the volume of transactions processed. Businesses can contact TrustPayments’ sales team to get a quote based on their specific requirements.
How easy is it to integrate TrustPayments with my website?
TrustPayments offers a range of integration options, making it easy for businesses to integrate the payment service provider with their existing systems. The company offers plugins for various e-commerce platforms, including Shopify, Magento, and WooCommerce. TrustPayments also provides an API that allows businesses to integrate the payment service provider with their custom-built systems.
Does TrustPayments support multiple currencies?
Yes, TrustPayments supports multiple currencies, making it easy for businesses to accept payments from customers all over the world.
Can TrustPayments provide me with customized reports?
Yes, TrustPayments provides businesses with customized reports that include detailed information about their transactions. Businesses can access these reports via the TrustPayments portal.
Conclusion
TrustPayments is a payment service provider that specializes in providing payment solutions to mid and high-risk merchants. The company offers a range of payment solutions, including a payment gateway, virtual terminal, fraud screening, and recurring payments. TrustPayments’ pricing is competitive and transparent, and the company offers a range of integration options to make it easy for businesses to integrate the payment service provider with their existing systems.
TrustPayments’ advanced fraud screening techniques and excellent customer support make it a great choice for businesses operating in industries that are considered to be high-risk. While TrustPayments may not offer as many payment options as some of its competitors, its customized payment solutions and strong focus on security and compliance make it a reliable and secure choice for mid and high-risk merchants.
Frequently Asked Questions (FAQs)
How does TrustPayments help mitigate fraud?
TrustPayments uses advanced fraud screening techniques to identify potentially fraudulent transactions and block them before they are processed. The company’s fraud screening service is designed to protect businesses from the risk of chargebacks and other types of fraud.
What are the fees associated with using TrustPayments?
TrustPayments charges a fee per transaction, which depends on the type of transaction, the payment method used, and the volume of transactions processed. Businesses can contact TrustPayments’ sales team to get a quote based on their specific requirements.
How easy is it to integrate TrustPayments with my website?
TrustPayments offers a range of integration options, making it easy for businesses to integrate the payment service provider with their existing systems. The company offers plugins for various e-commerce platforms, including Shopify, Magento, and WooCommerce. TrustPayments also provides an API that allows businesses to integrate the payment service provider with their custom-built systems.
Does TrustPayments support multiple currencies?
Yes, TrustPayments supports multiple currencies, making it easy for businesses to accept payments from customers all over the world.
Can TrustPayments provide me with customized reports?
Yes, TrustPayments provides businesses with customized reports that include detailed information about their transactions. Businesses can access these reports via the TrustPayments portal.
In summary, TrustPayments is a payment service provider that provides customized payment solutions to mid and high-risk merchants. The company’s advanced fraud screening techniques, excellent customer support, and competitive pricing make it a reliable and secure choice for businesses operating in industries that are considered to be high-risk. With a range of integration options and support for multiple currencies, TrustPayments is a great choice for businesses looking to accept payments online securely.