If the 21st century succeeded at anything, it is online gateway payments and eWallets. One of them is WePay, a fast payment platform for companies.
WePay is a peer-to-peer payment pioneer founded in 2008 in Boston. It appeared in time for the smartphone and social media revolutions. A year later, it released its first API and started embedding it in others.
They also worked with GoFundMe on the UX in 2011. This improvement includes merchant authentication. The next year, WePay gave up the old model and decided to accept payments via third-party software.
The site enables legal persons to pay easily and safely on the Internet. This should be completed regardless of how payment was accepted: in person or via mobile devices.
Delivering powerful integrated payment solutions to all legal organizations of all sizes and kinds, the platform is transparent and open for business, all accompanied by an army of experts standing by to support clients on call.
It continues to get better with its risk engine that will detect fraud and stop fraud. They even rolled out their very first Whitelabel with Freshbooks, a cloud accounting platform.
WePay introduced new products Link, Clear and Core in 2019 to address integrated payments. It offered payouts to Chase bank accounts, too.
It is a fact that WePay is one of the hardest competitors and a better alternative to PayPal at the moment.
Why you should trust WePay
WePay is mobile and desktop / desktop-compatible. WePay is applicable for SMBs to make payments, and enterprise/large organizations too.
They are also online and available on the phone if you ever need any assistance.
For integration with your platform or software, WePay has an open API and documentation. Then your developers can configure WePay accordingly.
Advantages of Using WePay
It is more advantageous because of the multiple options, features, and protection.
WePay created the payment gateway to get rid of the cumbersome, risky payments that enterprises require. There’s white labelling for things such as checkout, emails, and sign-up. Buyer/Seller customized as per your business model.
There is no tedious onboarding for WePay because it is direct and not through third-party companies.
It shields its users from fraud. Installing your payment gateway only takes a few minutes. When your merchant is already working with other processors, WePay has high-level risk management to help you pay.
It is not even that users have to care about anything operational because it is taken care of by the software as well. With the innovative risk management solution, identity theft and fraud are prevented on each and every purchase.
Why use WePay
A secure way for customers and donors to make online payments and receive them.
It accepts all major credit cards (Visa, Mastercard, American Express, Discover).
Card payments occur seamlessly, without a pop-up redirect to a third party.
Merchants: Your customers/donors don’t have to have a WePay account to pay or donate all they have to do is enter their credit card number.
Every payment sends a WePay verification email, and a receipt after payment.
It is just a simple 2.9% + $0.30 per transaction. You could even accept donations and event payments with WePay. This makes it clear how the money is moving in the platform as it gets reported on based on the transactional level of reporting. Card network, government and bank rules are dealt with by WePay.
Payment details and fees
Customers of the service have the capability to integrate a collection of payment options into their websites, mobile apps and software platforms to pay how they choose: bank cards, even ACH bank transfers. You can even access digital wallets for it like Google Pay or Apple Pay. The service has three pricing plans and custom pricing that cater to the requirements of individual businesses.
Connecting to the service
As mentioned above, there is immediate onboarding available with the platform, you can get connected to the system and start working immediately. Merchants and Companies, who want to enable the gateway need to sign into the platform, fill in the details (such as settlement banks, bank account information, routing information), and get working with the system.
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