Payeezy – Let’s Understand In Detail: What Is It?

Running a business means taking lots of challenges you can handle yourself. Payeezy comes to take care of one of those challenges – accepting payments.

No, you will not only accept payments using Payeezy. You will do a lot more than that. You can go to the extent of setting up a payment processing service for your business. You can make the processing of payment easier and also create a great shopping experience for the customers who visit your website.

As an eCommerce solution, Payeezy helps your business a lot and helps you stay strong in the competitive market. So, here is a review of the platform to help you learn about it in great detail.

Payeezy By First Data

First Data is a premier payment solution provider with merchant and financial services headquarters in Brookfield, Wisconsin. They became the largest merchant account provider in 2019. Now they are one of the largest payment providers in the whole world. Currently, more than 6 million merchants rely on the platform.

First Data made their way to the ECommerce industry with their payment processing solution called Payeezy. The platform is reportedly responsible for 2.2 trillion transactions annually. They also have 2800 transactions per second.

What Is Payeezy Gateway?

Payeezy is one of the solutions provided by First Data’s payment solution provider. It is a business platform where merchants can grow their businesses. The solution comes with all the different tools a merchant needs to succeed in doing business on their eCommerce platform. The Payeezy solution offers merchant payment functionalities, fraud prevention, security features, reporting, currency conversion, and more.

Many small businesses can use it as their solution to cut off lots of manual work and automate their business operations. Payeezy is a proper tech-driven solution for small businesses that need technical support.

Who Should Use Payeezy?

Payeezy is for lots of new startups and eCommerce platforms. Whether you are just starting your small business or already have a medium-sized business, you can use the Payeezy payment solution with your website.

You can integrate this payment solution into your website and accept payments from anywhere. The website has a highly intuitive web-based interface, and it allows you to use it from anywhere. It has advanced payment functionality, simple integration options, and flexibility.

Here are different payment methods supported through First Data integration –

• Credit Cards
• Credit Card reference Transaction
• ACH

Which Industries Can Profit From Using Payeezy?

Payeezy has a history of working with many large-sized businesses and helping them with payment processing. However, they do have plans and marketing campaigns that aim for small businesses. But, when looking at their cost and terms of usage, it does not seem affordable.

Also, they have a wide range of services and features that might seem too overwhelming for small startup businesses. However, large-sized businesses can also save a good deal of money thanks to the lower payment processing fees on Payeezy.

However, there are three different categories of businesses that can profit from the Payeezy solution –

Retail & Merchant Clients

The company provides different payment outlets, food service businesses, and eCommerce businesses with different cards and payment processing solutions.

Financial & Banking

Bankers and different financial institutions are now very much associated with online payment solutions. However, the Payeezy gateway has a comprehensive solution for different community banking organizations, financial service providers, banking institutions, and credit companies.

Government Institutions

Many government bodies and public organizations can benefit from using Payeezy. Even the human service and healthcare sectors can use Payeezy to process payments.

Pros & Cons Of Using Government Institutions

When it comes to smoothly running your eCommerce platform, Payeezy might be the best payment integration. However, there are also some cons to using this platform, such as its price. Here are some pros and cons you must take into account –

Pros

Here are some of the advantages of using this platform –

• Stable & Capable Products And Services: With Payeezy, there are high-quality features and services that the users can rely heavily on. It is a direct processor, and you can deal with the company directly. You can maintain and control your merchant account. They accept varieties of payment forms, such as debit cards, credit cards, e-checks, and PayPal.
• Sales & Advertising Transparency: No matter what problem arises regarding the platform’s plans and payments, you can directly contact their sales and services platform. They do not work with independent sales agents. Instead, First Data has their own in-house sales representatives who would solve your issues 24/7. Also, they are very active on social media platforms like Linkedin, Twitter, Facebook, etc.
• Helpful Support And Service Platform: When using the Payeezy Gateway payment platform, you would not have to worry about integration or other issues. There are easy-to-understand guidelines provided by the platform to help you set it up and review analytics.

Cons

Here are some disadvantages of using the Payeezy platform. If you want to follow things such as –

• Overpriced Equipment Leasing: Lots of users have raised complaints against the overpriced First Data Global leasing. What is even worse is the non-cancelable condition of four years in the contract. Even if the businesses close their account or sell their businesses during that time, they have to keep the payment going.
• Excessive Account Fees: Payeezy payment processing integration does charge a hefty amount in fees. You have to pay $25 for the monthly account fee. However, such problems do not arise for customers who went through the contracts before signing up.
• Too Strict With Security: Of course, the users will need a strong level of security. But, sometimes, Payeezy can withhold funds from their customers and even terminate their accounts upon suspecting potential fraud. Many of the users have found it bothering.

Bottom Line

Payeezy is indeed a good payment processing platform for eCommerce and medium-sized businesses. However, judging the amount the platform charges per account, small businesses might want to look for different alternatives. But if your objective is to build a seamless payment option for your business, then Payeezy is the platform you should use. I hope that this review was helpful to you.

However, if you need us to answer any of your queries, you can leave them in the comment section below.

Read Also:

• 9 Skills That Promise Success In Business
• Starting A Business As A Student: Is It Realistic?
• What Is Apple Business Essentials? Is It The MDM Tool For Your Business?