Reviews

MoneyPay Review

June 21, 2022

MoneyPay has merchants and partners all over the world. Its clients come from the United States, the United Kingdom, France, Canada, Australia, and Japan. The company aims to help its merchants with standardized payment processes and customized services. It serves both standard- and high-risk industries.

The company also supports 120+ currencies. It has processed more than 50 million transactions worldwide. Aside from credit card processing for low- and high-risk businesses, MoneyPay also offers payment gateway services, fraud detection, and other common problems associated with e-commerce payment methods.

MoneyPay boasts of its excellent team of professionals from different financial backgrounds. Many of them have experience in commercial banking. They also worked in professional risk control institutions, so they have years of experience handling financial transactions and disputes.

 

MoneyPay Merchant Services

Credit Card Processing

MoneyPay accepts all major debit and credit cards such as Visa, Mastercard, JCB, Diners, Discover, and American Express. These are some of the most well-known card companies in the world. They are accepted in all major institutions, shops, boutiques, hotels, and restaurants. Businesses must be able to process credit card payments if they want to remain relevant. MoneyPay provides the mechanisms for it.

money-pay-credit-card-payment-processing

High-risk Payment Processing

If your business is considered high risk, MoneyPay can set up a merchant account that can accept major credit cards for you. It specializes in providing online credit card solutions for various high-risk companies. It has a partnership with most major local and international banks.

Payment Gateway

Businesses need to ensure that information passed between their e-commerce site and the banks is encrypted. That’s why they need a payment gateway. MoneyPay services include a payment gateway that reduces the frequency and severity of fraud. Payment gateways will enable businesses to process credit and debit card payments and alternative payment methods.

MoneyPay’s payment gateway supports multiple currencies. It accepts international currencies such as the euro and Japanese yen.

Monitoring System

MoneyPay has an intelligent transaction monitoring system. The system ensures that all transactions processed by the company go through SSL’s 256-bit encryption mechanism. It also comes with multiple sets of risk control identification models. The system can identify risky and fraudulent transactions. This will ensure the safety of the customers’ financial records.

Fraud Detection

MoneyPay has a fraud detection mechanism in place, but it also trains merchants to deal with counterfeit and chargeback orders. It has a team of specialists that deal with high-risk transactions to avoid chargebacks. Merchants won’t have to worry about chargeback fees.

fraud-detection-of-moneypay

MoneyPay Fees, Rates & Pricing

Processing Fees

MoneyPay charges 4% to 7% per transaction, including Visa, Mastercard, and other card types. Opening an account will cost $2,000 while the daily cost is $3,600 per year.

MoneyPay’s website said that there are no hidden fees, no minimum contract, and you only pay for what you use. Also, there’s free fraud detection on all transactions, and foreign currencies like USD, EUR, JPY, and AUD are considered standard.

Additional Fees

MoneyPay will charge a $20 chargeback fee to resolve refund issues. There are no other additional fees associated with MoneyPay.

Hidden Charges

It looks like MoneyPay doesn’t have hidden charges.

 

MoneyPay Complaints

MoneyPay doesn’t have any reported complaints.

Rip Off Reports

There are no rip-off reports about MoneyPay.

Other Complaints

There are no other complaints about MoneyPay.

 

MoneyPay BBB Rating

MoneyPay is not accredited and rated by the Better Business Bureau (BBB). The bureau gives ratings from A+ to F, depending on customer reviews and complaints. Many merchants feel the need to check the BBB rating of a payment processor before partnering with them. However, you should keep in mind that there are other factors to consider when choosing among payment processing companies.

BBB Reviews

MoneyPay is not listed on the BBB website. There are no reviews or complaints about the company on the site.

 

Is MoneyPay Legitimate?

There isn’t much information about MoneyPay on the internet. It has a website with loads of information about the company, including its fees. However, even after a thorough search on Google, no reviews can be found about the company.

It is deemed safe to browse its website. According to ScamAdviser, MoneyPay’s domain name has been registered for more than a year in advance. The SSL certificate is also valid, and the website is “very” old. It has a good trust score on ScamAdviser, which highlights its moneyback offer and friendly payment methods.

Negative perceptions about MoneyPay’s website include its low Alexa rank and negative association on social media. Also, ScamAdviser said that the website is not optimized for search engines.

Scams

ScamAdviser said that MoneyPay’s website is not a scam. There are also no scam reports about the company on the internet.

no-scam-of-moneypay

Lawsuits

There are no lawsuits filed against MoneyPay.

 

MoneyPay Customer Reviews

Unlike other payment processing companies, MoneyPay does not publish client testimonials on its website. There are also no reviews on common review sites, as well as in online forums. MoneyPay has no social media presence on Facebook, LinkedIn, and Twitter.

 

Conclusion

While MoneyPay is not a scam as there are no reports about it, there are also no recommendations or positive reviews about the company. It is difficult to recommend MoneyPay when it is not mentioned on the internet. You cannot even find topics about MoneyPay in common review sites and online forums. If you still want to work with this company, you should proceed with caution.

  • 0
  • Share:

Leave A Comment

Apply