Tower Payments is a company specializing in merchant services for online businesses. Launched in 2015, the company aims to help high-risk merchants achieve success through reliable payment systems and affordable rates. Below is an overview of merchant services offered by Tower Payments:
Tower Payments is vocal about its willingness to work with all types of merchants. This includes those deemed high-risk. At the forefront of its merchant services is its high-risk merchant account. The company takes charge of the end-to-end process from application to negotiation to maintenance. Once an account is set up, merchants will have access to credit card processing and other payment solutions. Tower Payments works hard to prevent common merchant issues by offering real-time support and tailor-fit rates.
Tower Payments also helps merchants with payment gateway setup. It can integrate the merchant’s existing e-commerce store with popular payment gateways, such as AuthorizeNet and Pinwheel. For high-risk merchants, the company’s chosen gateways are good, non-discriminating options. They are assured of legitimate companies that prioritize safe and secure processing. Apart from setup, Tower Payments provides training on proper usage as well. Keep in mind though that this service is only available once you have a merchant account.
With a payment gateway, merchants can begin processing payments. Tower Payments makes it easy for businesses to accept credit and debit card payments. It accepts ACH check payments as well. This is a good addition for merchants who prefer direct bank-to-bank transfers. Its advantage is faster funding and lower transaction rates. Payment processing applies to various payment settings like online, in-store, and mobile transactions.
Tower Payments also accepts payments in a variety of currencies. It is helpful for businesses with a global customer base. However, it is unclear if cryptocurrencies are part of this list. You may visit its website or contact an agent for the exact currencies accepted.
Tower Payments’ system is easily integrated into different e-commerce shopping carts. This includes Shopify, Wix, WooCommerce, BigCommerce, Konnektive, LimeLight, Magneto, and WordPress. Furthermore, you can find a dedicated list of shopping carts, website builders, and CIMs that the company can set up for high-risk industries.
Clients with online stores on the abovementioned platforms can enjoy integration services at no additional cost. Tower Payments will help you throughout the process.
Tower Payments mentions chargeback prevention as one of its solutions for merchants. However, there is not much information about it. Based on the limited details on its website, it does not seem to be as sophisticated as those of its competitors.
Tower Payments only has three customer reviews, none of which have complaints against the company.
Tower Payments is not an accredited company by the BBB, nor does it have a BBB profile page.
In that regard, there are no BBB reviews about Tower Payments.
Tower Payments is a legitimate company based in Massachusetts. Its website includes its origin story. It was established in 2015 by owner Nyah Penney. She is said to be an expert in high-risk merchant accounts. Her knowledge and experience helped her guarantee successful account approvals and cost-effective transaction rates. Tower Payments has also appeared in a few PR articles.
Tower Payments has a limited online presence. Apart from its website and a few PR articles, it only has a few customer reviews. However, of those that we found, the company has a favorable reputation. Its Facebook page has three reviews that all recommend the company. They praise owner Nyah Penney for her hard work, honesty, and experience.
Tower Payments is a relative newcomer in payment processing. However, its founder seems to have a thorough understanding of high-risk merchants from years of experience. While there are only a few reviews about the company, they all show satisfaction for efficient account approval and good customer service. Overall, high-risk merchants may benefit from its customizable back-end system, advanced integration, and affordable payment terms.
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