Y2Payments Review

November 1, 2021

Y2Payments is a merchant account company that offers payment processing solutions to businesses of all sizes, as well as to state and local government agencies. Y2Payments has an easy-to-use and secure payment platform capable of handling a large volume of business transactions. It provides a variety of payment processing services like protecting payments and automating reports. Because it understands that every business is different, the payment platform is customized to fit the merchant’s specific business needs.

Unlike most of its competitors, Y2Payments operates to cut down unnecessary processing expenses and allow merchants to benefit from more topline sales. This feature has helped Y2Payments grow its clientele and remain competitive through the decades. With over 30 years of experience, it has helped its clients manage their online business transactions in a secure, timely, and cost-effective manner.

To learn more about Y2Payments, here is a review of its services, rates, and customer feedback.


High-risk Merchant Accounts

High-risk companies often settle for unfavorable merchant partnerships because of the nature of their business. They are prone to high occurrences of chargeback, refunded or canceled transactions, and possibilities of fraud. For these reasons, typical merchant account providers subject high-risk companies to high transaction fees and tight payment terms. This is where Y2Payments takes pride in standing out.

Low Transaction Fees

Y2Payments claims to offer the lowest transaction fees for high-risk merchants. Its goal to lessen processing costs extends to all its clients, regardless of sector. This bold company promise is what you first see on its website: “Save up to 50% on your merchant account processing with Y2Payments.” But on average, it reduces merchant transaction fees by 20-40%, still a relatively high savings rate compared to industry players.

eCheck Processing

Like most providers, Y2Payments processes eChecks and electronically debits the amount from the merchant’s bank account through a secure system.

Real-Time Fraud and Chargeback Inception

This feature is particularly useful for high-risk merchants. You will be notified of chargebacks in real-time, which will help prevent instances of fraud and allow you to act immediately.

image of chargeback protection

Other Services Offered by Y2Payments

Y2Payments’ services are not limited to high-risk companies. It welcomes all types of merchants, whether you’re a small business or from a niche industry. Here is a detailed rundown of other services offered to all merchants.


Payment Channels and Options

Y2Payments’ payment platform allows merchants to accept payments from multiple channels, such as the internet, phone, mail, or in-store payments.

Payments may be made through credit cards, debit cards, or electronic checks. Acceptable payment processors are Visa, Mastercard, Discover, American Express, Diner’s Club, and JCB, as listed on its website.

Overall, the flexibility Y2Payments offers is good for merchants whose businesses cater to customers with different payment preferences.

Acceptable Currencies

Different types of currency transactions are acceptable in Y2Payments’ payment platform, including cryptocurrencies Ethereum and Bitcoin. To clarify which currencies are allowed, directly consult an agent through the website.

No-Risk Statement Review and Audit

This is a feature not offered by all merchant account providers. Upon sending your financial statement to Y2Payments, the company will help you analyze your current expenses and identify where you can save on costs.

Y2Payments Conduit

Y2Payments Conduit is the official term for the company’s expanded payments gateway. Its main function is to seamlessly, quickly, and securely process all credit cards, debit cards, and eCheck payments in real-time. Processing may be for one-at-a-time or bulk transactions. On top of processing and protecting, it also gathers transactions from over six payment channels and automates them into a single, comprehensive report. This robust reporting system may be customized by merchants, depending on their needs.

It may sound sophisticated, but Y2Payments has designed its Conduit 3.0 interface to be user-friendly and low-maintenance. The company takes care of handling all integrations on the backend so that merchants can focus on the business aspect. This way, merchants do not need to hire additional manpower to manage transactions, program software, or produce reports manually.


Rates of Y2Payments

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Y2Payments can charge lower transaction fees because of its unique rate structure. Other merchant account companies offer bundled or tiered rates that may seem like a good package. In reality, this pricing approach increases overall merchant costs. This is not the case with Y2Payments, as it focuses on putting the merchant first. Based on your business needs, it customizes its rate to produce significant savings.

To get a quote tailor-fit for your business, visit Y2Payments’ website or call its hotline.

High-Risk Industries Served By Y2Payments

Many high-risk companies have benefited from Y2Payments and its cost-effective payment solutions. Here is a rundown of industries it serves, including high-risk companies:

  • E-commerce platforms
  • Multi-level marketing
  • Travel and leisure
  • Nutraceuticals
  • International sales organizations
  • Offshore accounts
  • Cryptocurrencies
  • Collection agencies
  • Law firms
  • State and local government jurisdictions
  • Colleges and universities
  • Local school districts

image of high risk industries

Other Notable Features of Y2Payments

Collection Agencies

Y2Payments specializes in collection agencies. On top of its usual payment services, it also offers such companies these additional services:

  • Interchange pass-through pricing, which is a pricing strategy to cut down interchange fees from credit card transactions
  • In-depth training on payment processing
  • Individual trust accounts for different payments
  • Systems integration
  • Specialized reporting software

Law Firms

Law firms are another specialty of Y2Payments. Because of its unique billing requirements, Y2Payments helps law firms create an automated billing process. It also offers in-depth training and cost reduction techniques.

PCI-DSS compliant processors

PCI-DSS stands for “Payment Card Industry Data Security Standard.” It is a set of security standards required of all companies offering payment processing services. This assures merchants that all transactions are processed by a secured system.

For high-risk merchants with bigger volumes, Y2Payments provides more than one processor. This prevents downtime of cash flow and more efficient operations.

Reputation and Reviews of Y2Payments

image of y2 payments customer reviews

A look into the Y2Payments’ website will show you a long list of positive reviews from satisfied merchants. It is praised for its low expenses and profitable transactions, with many testimonials including actual values of money saved. Also frequently mentioned is its fast processing time and easy-to-use platform.


Y2Payments stands out as a merchant account provider because of its cost-effective approach to payment processing. Its customized payment platform allows merchants to easily manage and secure their transactions while saving money at the same time. Whether you’re a low-risk or high-risk merchant, Y2Payments’ low transaction fees and secure system will be of great help to you.

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