InterPayments provides a managed surcharge solution that enables U.S. retailers to recover credit card processing fees by implementing compliant surcharging tailored to specific customer segments. This technology allows businesses to maintain their existing payment systems while ensuring adherence to state and card brand regulations, ultimately maximizing savings on transaction costs.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
U.S. retailers face significant costs from credit card processing fees, impacting profitability. Navigating the complex landscape of state and card brand regulations for surcharging can be challenging and risky. Many businesses lack the expertise and tools to implement compliant and effective surcharging strategies.
Solution
InterPayments offers a managed surcharge solution that enables U.S. retailers to compliantly recover credit card processing fees. The platform allows businesses to implement selective surcharging, applying fees to specific customer segments or product lines while excluding others. InterPayments guarantees compliance with state, provincial, and card brand regulations, providing indemnification to protect businesses from potential penalties. The solution integrates with existing payment systems, minimizing disruption and maximizing savings on transaction costs.
Target Audience
The primary target audience includes U.S. retailers, B2B SaaS companies, and enterprises seeking to reduce credit card processing fees and maintain compliance with surcharging regulations.
Features
- Selective surcharging to target specific customer segments or business lines
- Precise surcharging that charges only the cost of acceptance on each card
- Guaranteed compliance with state, provincial, and card brand regulations, including indemnification
- Integration with existing payment systems, avoiding the need for replacement
- Product and brand-level surcharging options for maximum recovery and customer satisfaction
- Prebuilt surcharging solutions for trusted payment platforms via PayLink
- Customizable solution with API for integration into any software platform that automates payments and reconciliation
- 24/7 real-time data on surcharged transactions and savings