247payments

Website: 247payments.com

Category: finance-insurance

City: Wethersfield

Country: US

Founded: 2017

Employees: 100-200

About 247payments: Reviews

Pros

  • Secure and compliant payment processing platform
  • Supports multiple payment methods including mobile payments
  • Focus on fraud prevention and transaction security

Cons

  • Services mainly suited for small to medium businesses, not large enterprises
  • Limited publicly available social media presence for client support
  • May have transaction fees that vary depending on merchant type and volume

Business Description

**What is 247Payments?** 247Payments is a payment processing company founded in 2000 and headquartered in Wethersfield, Connecticut. It provides payment gateway and merchant processing services primarily targeted at online businesses and e-commerce merchants. The company employs over 100 staff members and focuses on enabling quick and secure payment transactions. It operates within the financial services sector with a focus on payment technologies. **How does it work?** 247Payments offers its clients a payment gateway platform that integrates with the clients’ e-commerce sites or point-of-sale systems. This platform processes credit card, debit card, and mobile payments, securely transmitting transaction data while minimizing the risk of fraud. The company also provides merchant account setup and support, ensuring compliance with payment industry standards. Its system is designed to streamline payment collection and enhance transaction speed and security. **Products and services** 247Payments offers merchant processing services that include credit card processing and mobile payment solutions. They provide payment gateway services that enable online businesses to accept payments through various channels securely. Additional offerings include fraud detection tools and transaction fee management aimed at optimizing payment costs for merchants. The company’s services help businesses manage payment acceptance efficiently across multiple device platforms.

merchant-processingpayment-gatewaymobile-paymentsfraud-preventionpayment-securitycredit-card-processingecommerce-payments

Business activity: 247payments

Response rate: 0%

Frequently Asked Questions about 247payments

What are the cancellation policies for the 7-day trial with 247Payments?

Several users mentioned struggling to cancel their 7-day trial. It seems like the cancellation process isn't clear, and you might find yourself on hold if you try to call customer support.

Are the transaction fees higher with 247Payments compared to other processors?

A few users pointed out that the fees can be quite high, and some even compared it to a pricing cartel among processors. It's definitely a good idea to review the fee structure before committing.

How is the customer support at 247Payments?

There are mixed feelings about customer support; some users reported long hold times and unresponsive service, especially when trying to resolve issues like trial cancellations. If you need quick assistance, you might want to keep that in mind.

What should I know before signing up for 247Payments?

Before signing up, be aware that some users experienced difficulties with the trial cancellation and faced unexpected fees. It might help to read the fine print to avoid surprises down the line.

Does 247Payments offer any fraud detection tools?

Yes, 247Payments claims to provide fraud detection tools, which should help businesses manage risk. However, user experiences vary, and it's worth asking about the effectiveness of these tools during your onboarding.

Is it easy to integrate 247Payments with e-commerce platforms?

Most users haven’t complained much about integration, so it seems to go smoothly for many businesses. However, it's always a good idea to check compatibility with your specific platform to avoid hiccups.