An Uncommon Payment Processing Option
Founded in 1997, ProPay is a merchant account provider that shares attributes of both a traditional credit card processor and services like PayPal, Stripe, 2Checkout, and Google Checkout. ProPay’s similarities with a traditional merchant account include the ability to swipe credit cards at the point of sale, which can result in a lower processing fee, as well as the ability to accept payments for other purposes such as e-commerce and mail order/telephone order sales.
Unlike a traditional merchant services provider, ProPay does not support the use of countertop credit card terminals like the type used at most retailers. However, like PayPal and 2Checkout, ProPay has an easy signup process and is open to non-traditional merchants such as direct sellers and micro-merchants. ProPay acts as its own holding account and merchants must manually transfer their money to a linked checking account.
ProPay offers several ways to accept credit card payments, including mobile options. The first, “ProPay JAK,” is a service similar to Square that enables merchants to use a card reader with a smartphone to accept credit cards. ProPay also offers tablet-based point-of-sale solutions as well as access to a virtual terminal.
ProPay Chip Card Reader
An EMV-compatible card reader is currently available for purchase through each merchant’s existing ProPay account. This device connects to a merchant’s smartphone via Bluetooth in order to accept chip cards. The ProPay EMV reader does not currently accept Near Field Communication (NFC) contactless card payments, Apple Pay, or Android Pay, but these additions are planned for future updates. Lastly, ProPay offers an automated phone system where merchants can call in to process real-time sales.
ProPay Location and Ownership
ProPay is a registered ISO of Wells Fargo Bank, N.A., Concord, CA. ProPay is headquartered at 3400 Ashton Blvd Ste 200, Lehi, Utah, ProPay is a merchant account provider that shares attributes of both a traditional credit card processor and services like PayPal, Stripe, 2Checkout, and Google Checkout. ProPay was acquired by TSYS in late 2012 and now operates under the ProPay name as “a TSYS Company.” Gary Goodrich is the CEO of ProPay.
ProPay Review Table of Contents
- Costs & Contract: ProPay offers an annual contract that does not typically include an early termination fee.
- Complaints & Service: ProPay has received more than 40 public complaints.
- BBB Rating: ProPay has an “A+” rating and has received 12 complaints and 2 reviews in the past 3 years. The company has been accredited by the Better Business Bureau since 2000.
- Sales & Marketing: ProPay does not appear to hire independent sales agents and has not received any complaints about its sales practices.
- Rates & Fees: How Merchants Got The Best Rates With ProPay