DANVERS, MA – Payway®, an integrated payment processing solution, announced today that it will offer free gateway service for six months to businesses that might need support during the COVID-19 global crisis.
“It’s tough out there, and we want to help do our part,” said Daniel Nadeau, co-owner and principal, Payway. “Subscription companies are seeing tremendous churn in these uncertain times, but payments shouldn’t be part of that uncertainty. We don’t want the cost of processing transactions that businesses need, to add to a growing list of operational concerns.”
According to industry specialist ProfitWell, transactional businesses are most impacted by failures in payment processing, which accounts for 30-40% of churn. During a global pandemic, companies can’t afford to lose customers, or have it take too long to onboard new ones.
Customers can sign up with Payway’s free gateway services today. Payway will then handle all the gateway transactions free for six months. If a business has an existing merchant gateway partner, Payway will onboard them, or, they can set them up with one.
“We’ve made it as simple as we can. If you have an existing online business or are moving your business online, we want to make sure you have the means to generate cash flow. As more people go online to shop, depending on a company’s provider, they’re going to be paying a lot more in fees and we don’t think that’s what companies trying to survive need right now,” said Kimberly Miller, vice president corporate development, Payway.
It’s estimated in the last week of March, ecommerce orders grew 40%, and there’s been significant adoption of digital (mobile) wallets as the news regarding legislation for an economic stimulus plan included “digital dollars” — and consumers learned just how many germs are carried on physical credit cards.
Dave Fabrizio, co-owner and principal explains, “We’ve always set ourselves apart by helping card-not-present companies get the most value from their payment processing. It’s something you must have, but that doesn’t mean it has to become its own cost center. Now, more than ever, we want to provide companies with a frictionless payment system; no one can afford any hiccups in their systems.”
Payway provides one of the most cost effective processing services in the industry. With over 30 years of experience, Payway is a leader in payment services for card-not-present and subscription businesses. Top US publishing and media companies have relied on Payway’s user-friendly payment solution and automated Level III processing to save money. Payway provides customers the most up-to-date security features and has raised the bar of encrypted payment service by validating to the PCI P2PE standard and providing customers both the means to reduce their risk as well as their PCI DSS scope. Whether you’re looking to accept Apple® Pay, Google®Pay, process invoices, reduce decline rates, or ensure PCI-compliance, Payway will partner with you to keep your operations running smoothly. For more information, visit http://www.payway.com.
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