VizyPay Contract Terms and Pricing Overview
VizyPay offers month-to-month contracts with no early termination fees, catering to the needs of business owners who prefer flexibility and transparency. The company’s pricing model is interchange-plus, indicating that the fees consist of the interchange rate plus a small markup. For retail transactions, VizyPay charges the interchange rate plus 0.35% and $0.10 per transaction, alongside a monthly fee of $15. Additional fees include a $19.95 PCI non-compliance fee and a $50 account closure fee“【oaicite:7】““【oaicite:6】“.
Virtual Terminal and Payment Gateway Services
VizyPay provides comprehensive virtual terminal and payment gateway services, crucial for e-commerce transactions. The pricing for these services is interchange plus 0.45% and $0.15 per transaction. Businesses utilizing these services may also incur gateway fees, technical support fees, and batch fees, ensuring that online transactions are processed smoothly“【oaicite:5】“.
VizyPay Dual Pricing Options
VizyPay offers a dual pricing scheme designed to help business owners manage credit card processing fees effectively. This approach allows businesses to offer different pricing based on the payment method, with one price for cash payments and a slightly higher price for credit card payments. This strategy is aimed at covering the processing fees associated with credit card transactions“【oaicite:4】“.
Equipment Options and Recommendations
VizyPay has transitioned to offering a variety of point-of-sale (POS) equipment options, including PAX and Clover systems, to suit different business needs. While VizyPay promotes the sale of equipment, they advise against leasing POS devices due to the long-term costs that can exceed the purchase price. It’s advisable for merchants to buy their equipment upfront to avoid unnecessary expenses“【oaicite:3】““【oaicite:2】“.
Feedback and Company Standing
VizyPay maintains a strong reputation with little to no complaints regarding its contract terms, earning it high regard within the industry. The company’s commitment to transparency and customer support is evident through its straightforward pricing model and the variety of services offered to cater to the diverse needs of small business owners“【oaicite:1】““【oaicite:0】“.
For business owners considering VizyPay for their credit card processing needs, it’s essential to review all contract details and ensure clarity on fees and service terms. VizyPay’s emphasis on flexibility, transparent pricing, and a range of POS options makes it a competitive choice for merchants looking to optimize their payment processing solutions.