Rescue Payments enables businesses to implement compliant surcharge programs for credit and debit card transactions, offsetting processing fees. Their system integrates with existing payment setups across terminals, mobile apps, and web platforms, supporting various payment methods like chip, contactless, and mobile wallets. This allows merchants to reduce costs associated with card payments.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face significant costs from credit card processing fees, which can erode profit margins, especially for those with high transaction volumes or low average sale amounts. Traditional payment systems often lack transparency, leaving businesses uncertain about the fees they incur and how to optimize their payment processing strategy.
Solution
Rescue Payments offers a compliant surcharge platform that allows businesses to offset credit card processing fees by adding a small percentage to credit card transactions, effectively transferring the cost to the customer. This "Pass The Fee" technology integrates with existing payment systems across various channels, including smart terminals, online invoices, mobile apps, and software integrations. By incentivizing customers to use lower-cost payment methods like debit, EFT, or e-transfer, Rescue Payments helps businesses minimize fees and retain more revenue. The platform ensures compliance with card brand regulations, provides transparent pricing, and offers tools for managing and optimizing payment processing.
Target Audience
Rescue Payments primarily targets small to medium-sized businesses across various industries, including retail, restaurants, professional services, and enterprise-level organizations, seeking to reduce credit card processing fees and improve profitability.
Features
- Compliant surcharge program that adheres to Visa and Mastercard regulations
- Seamless integration with existing payment systems, including terminals, online platforms, and mobile apps
- Support for chip, swipe, and contactless payments, including Apple Pay, Google Pay, and Samsung Pay
- Real-time reporting and multi-location management from a single dashboard
- Integration with accounting software like Quickbooks and Xero for automated reconciliation
- Customer payment options, including credit cards, debit cards, EFT, and Interac
- Compliant signage provided for physical store locations
- 24/7 customer support and on-demand employee training