Paypound is an expert in high-risk payment solutions. It provides merchant accounts to standard- and high-risk businesses. The company can do so because it has partnerships with international-acquiring banks. The company has, so far, worked with:
Paypound also has risk management and global acquiring services aside from payment method services. It can customize payment solutions despite the complexities of the payment processes available for high-risk industries. The company also helps in identifying the different types of operational risks. This helps ensure the privacy and security of information passed between the merchants and their customers.
Paypound specializes in setting up merchant accounts for high-risk businesses. It also provides card payment options for all types of industries. It is accredited by Visa, Mastercard, JCB, Diners, and American Express. The company can provide these services to almost all e-commerce businesses with minimal documentation requirements.
The company is an expert in providing payment processing for high-risk industries. It works with businesses involved in gambling, gaming, adult entertainment, and cannabis. These businesses usually have difficulty getting approved for merchant accounts by traditional banks. Paypound can ease the requirements for these industries.
Businesses must be able to offer alternative payment methods aside from traditional cash and card. Paypound can help businesses avail of the following as long as they comply with regulations:
Paypound also has risk management features. These features will ensure the protection and security of financial information. Aside from complying with security regulations, the risk management features will also monitor sales and transactions and activate fraud protection. Paypound will also help merchants understand the various risks by providing training programs.
Paypound does not publish its fees, rates, and pricing on the website. Even after a thorough search on the internet, there is no information about the company’s pricing scheme.
However, the company’s website said that fees are calculated based on the volume of transactions, ticket size, processing history, and geographical locations. Paypound does not charge a setup or application fee.
Paypound charges a rolling reserve to protect the merchants and the banks from chargeback fees. The rolling reserve is a portion of the credit card volume processed. Usually, this is held back for 180 days. After that period, the money will be credited back to the merchant account.
Paypound claims that it has no hidden fees.
There are no recorded complaints about Paypound.
There are no rip-off reports about Paycron.
There are no other complaints about Paycron.
Paypound is not accredited and rated by the Better Business Bureau (BBB). This is an agency that assigns ratings between A+ and F to companies. Many merchants want to check the BBB website first before working with a payment processor. However, it should be noted that BBB is not the only association that accredits and rates payment processing companies.
Paypound is not listed on the BBB website. Therefore, it has no reviews and complaints on the website.
Paypound seems legitimate if based only on its website not being a scam. ScamAdviser said users can browse the website securely because it has a good trust rating. The reasons for the positive rating are:
Despite not having customer reviews and the website not being optimized for search engines, ScamAdviser tagged Paypound’s website as legit and safe to use. Moreover, there are also no complaints and negative reviews that can be found about the company.
There is at least one scam report against Paypound. A trader broker was apparently scammed using Paypound as the payment processor. There are no reports on the internet about the resolution of the complaint.
There are no class-action lawsuits against Paypound.
Unlike other payment processing service providers, Paypound does not publish client testimonials on its website. There are also no customer reviews on Google. Paypound does not have a Facebook page, so there are no Facebook recommendations about the company.
On Trustpilot, the company has 40 reviews with mostly positive comments. Out of the 40 reviews, 87% are excellent, and 10% are great. Only 3% are bad. Clients said that Paypound helped them a lot. They also raved about the team because they addressed the merchants’ issues.
The clients are happy with Paypound’s features. Its chargeback protection feature is a particular favorite. As many know, a chargeback is a pain to businesses because it eats away at their revenue. They commended the company for helping them grow their businesses since they used its services.
Paypound has a lot of positive reviews from clients. This company should be at the top of your list if you are looking for a payment processing service provider. The best way to know more about Paypound’s services is to reach out to the company directly.