Can Corepay assist my business with accepting Alipay and Wechat?Reading Time: < 1 minute
Yes, as these payment methods become more popular in Europe and Asia, Corepay offers a unique PoS solution that will allow retail merchants to easily accept these two cutting-edge payment methods.
Does Corepay offer contactless PoS equipment in the USA?Reading Time: < 1 minute
Yes. Corepay is proud to offer fully EMV compliant contactless PoS equipment in the USA. Like in many other parts of the world, this will allow for a more secure and frictionless customer experience as more issuing banks offer contactless credit/debit cards.
What is Order Insight by Verifi and is it right for my business?Reading Time: < 1 minute
Order Insight by Verifi (a Visa company) is designed to streamline the dispute process and fight fraud in a more streamlined manner than traditional chargeback alerts. Corepay is proud to offer direct Order Insight facilitation, including integration via API in less than 48 hours.
What is a chargeback ratio?Reading Time: < 1 minute
Per card brand rules, it is a measure of how many chargeback claims a merchant has received compared to the number of transactions the merchant has processed in a given month.
What is a chargeback?Reading Time: < 1 minute
Chargebacks are a forced transaction reversal initiated by the cardholder’s bank, often due to fraud. Typically, merchants also pay additional fees when consumers report charge disputes to their credit card.
Are you a payment gateway?Reading Time: < 1 minute
Yes. Corepay offers its own cutting-edge proprietary gateway that is tailor-made to support e-commerce merchants. In addition, we always offer merchants options an agnostic approach in choosing a payment gateway based on their back end to ensure that the gateway can seamlessly plug into their existing setup.
Do you provide Point of Sale solutions and other equipment?Reading Time: < 1 minute
Yes. Corepay offers industry-leading equipment for restaurant and retail merchants, based on their business needs and size. This includes the ever-important ability to accept credit/debit cards that are EMV enabled, both in a contactless environment, and with the traditional chip insertion method. This equipment will be offered at unbeatable prices and includes all setup assistance.
Which credit cards can I accept with my merchant account?Reading Time: < 1 minute
Your merchant account will have the ability to accept all major credit cards, including Visa, MasterCard, Discover, American Express, JCB, and the increasingly popular Alipay & Wechat.
Am I required to have a website when I apply?Reading Time: < 1 minute
For all e-commerce merchants, yes. However, after conducting our initial KYC/AML internal review, Corepay will of course provide guidance with the website to ensure that it is compliant per card scheme regulations prior to the application process.
How long does the approval process take?Reading Time: < 1 minute
After filling out Corepay’s application and submitting any necessary documentation, many merchants may get approved between 24 and 72 hours, even in most high-risk industries.
Are there any applications or set-up fees?Reading Time: < 1 minute
No. Additionally, Corepay does not charge any one-time set-up or application fees.
How do I apply for a merchant account?Reading Time: < 1 minute
What is a merchant account?Reading Time: < 1 minute
A merchant account is a type of bank account that allows businesses to accept payments through debit or credit cards. These accounts are established under an agreement between a merchant and an acquiring bank for the settlement of payment card transactions.
Do you provide merchant services for non-USA clients?Reading Time: < 1 minute
Yes. Our services cater to a worldwide audience, and we encourage our merchants to explore direct merchant account solutions in all parts of the world where it makes sense for them.
Does Corepay work with merchants who have little or poor credit?Reading Time: < 1 minute
Yes, Corepay works with merchants who do not presently have a strong credit foundation or lack credit history.
What industries does Corepay not accept as clients?Reading Time: < 1 minute
Corepay does not accept or condone any illegal business activity or business affiliated with it. All merchants must undergo a thorough in-house KYC process to ensure compliance prior to the application process.
Which industries does Corepay service?Reading Time: < 1 minute
Corepay specializes in high-risk merchant accounts for industries such as adult content, attorneys, beauty & health, CBD, collection companies, cryptocurrency, fantasy sports, firearms, forex, high ticket businesses, e-commerce, law firms, medical, MLM, online dating, travel, vape, etc.
However, we are proud to service all low-risk industries, including restaurants and retail, while doing so with unbeatable prices and service.