What percentage does WePay take?

2.9\%
If the Platform does not set transaction processing fees otherwise, then WePay charges the Platform’s Merchants 2.9\% + $0.30 for transaction processing; $15.00 per chargeback (in addition to the amount of the chargeback); $15.00 per ACH return (in addition to the amount of the return); and a $25.00 research fee (if an …

How is WePay different from PayPal?

PayPal is an online payment systems company that facilitates money transfers and serves as an alternative to traditional paper payment methods. WePay is an online payment systems company that provides integrated payment solutions to crowdfunding and SaaS platforms.

How do payment processors lose money?

If items are returned, then the merchant may lose some of the transaction fees that were charged along the way. If there is a dispute about the payment that results in a reversal, merchants not only have to return the money, but they often pay a penalty fee and also lose the goods.

What company owns WePay?

JPMorgan Chase
Paymentech, LLC
WePay/Parent organizations

Is WePay a good company?

WePay is a very good place to work. They have forward thinking management and a great work environment. The pace is sometimes hectic and sometimes a little confusing. They are a very young company, mostly 20’s and 30’s, but some “old hands” in key positions.

How many companies use WePay?

We have data on 200 companies that use WePay. The companies using WePay are most often found in United States and in the Computer Software industry.

Do chargebacks cost money?

How Much Do Chargeback Fees Cost? Chargeback fees cost between $20 and $100, depending on the merchant’s agreement with their acquirer. With various hidden costs factored in, however, companies often lose more than twice the transaction amount for each chargeback.

Do chargebacks hurt merchants?

Chargebacks are generally very bad for merchants as they often come fees that range between $20 and $100. If a business has too many chargebacks as a percentage of their total transactions, their account can be shut down or their per transaction costs may go up significantly.

How good is WePay?

Though it requires some technical acumen to integrate the payment service into a software platform, WePay is worth it for platform operators who want to shape their customers’ checkout experience. This level of customization also applies to payouts — merchants can choose to receive funds daily, weekly or monthly.

Why do you want to work at WePay?

WePay is a great place to work with a unique culture that emphasizes innovation, collaboration and career growth. As part of JPMorgan Chase, employees are also able to create change at scale and have the opportunity to truly disrupt and shape fintech.

Is stripe any good?

Stripe is potentially a very good credit card processor for online-only businesses. It’s fast and easy-to-implement for someone with developer experience, and also relatively inexpensive….Stripe Up Fees, Features & Benefits.

Stripe Credit Card Processing	Details
Monthly Minimum	None

How much does WePay cost?

WePay allows virtually any website to integrate an account to collect payments from participating users via ACH bank transfers and credit cards. The service has no setup fees, no monthly fees, and no service length requirement. Is WePay Holding Your Funds Right Now?

What is the cut-off time for accepting payments on WePay?

Merchants can begin accepting payments instantly. Same-Day Deposits are available to eligible merchants of software platforms with a 5 PM PT cut-off time for payments processed on WePay. Merchants must deposit into a single Chase bank account.

Should you use WePay or PayPal for digital payments?

If all you want is the ability to process debit, credit, and ACH payments, WePay is a good way to go in the digital payments space. However, if you intend to build an e-commerce business, PayPal might be the better option because it provides more support. However, that support comes in the form of higher fees.

Does webwepay offer Apple Pay or ACH?

WePay offers “White Label” payments, which is an API that is integrated into a website so that customers don’t have to leave the site. If If you want access to an API with PayPal, you need to use PayPal Payments Pro, which throws in a $30 monthly fee 2.9\% + $0.30 per transaction. PayPal cannot process Apple Pay or ACH.