Chase Payment Solutions, previously known as Chase Paymentech and Chase Merchant Services, is a comprehensive payment processing service for Chase Bank’s business customers, both big and small. It offers a variety of products and solutions, such as mobile debit and credit card processing, terminal-based transactions, and e-commerce solutions. There’s no long-term contract, making it suitable for all types of customer-facing businesses.
While there are other payment processing providers like Square, Payment Depot, Authorize.net, and PayPal, Chase Payment Solutions stands out, especially for Chase Bank customers. It also attracts small-business customers who don’t bank with Chase due to its value proposition. If you’re looking for a better payment processing and merchant services solution, it’s worth checking out what Chase Payment Solutions has to offer.
Chase Payment Solutions provides an impressive range of products and solutions for Chase Bank business customers. These include support for e-commerce transactions, mobile payments, and traditional terminal-based purchases. It also offers several external integrations and a robust support platform, adding more value for Chase merchant account customers. Most Merchant Services clients are enrolled in month-to-month contracts that can be canceled without penalty. Occasionally, Chase offers sign-up deals that include free payment processing equipment, usually requiring a 24-month commitment.
One of the standout offerings is Chase QuickAccept. This seamless payment processing solution is housed within the Chase mobile app and linked to the merchant’s Chase Business Complete Banking account. It enables credit and debit card acceptance from virtually anywhere via manual card number entry or mobile card reader processing. QuickAccept accepts major credit cards: Mastercard, Visa, American Express, and Discover. It’s free to set up for Chase Business Complete Banking customers.
Chase Mobile Checkout is a standalone mobile payment processing app for businesses that need to process high volumes of mobile gift card, debit, and credit card payments. It’s perfect for businesses like food trucks and farmers market vendors. It doesn’t require any external payment processing hardware and offers next-day funding for rapid payouts.
For brick-and-mortar retailers looking to process moderate to high transaction volumes using a handheld or countertop card reader, Chase offers a standalone payment processing terminal. The pricing for this solution is customized and includes the cost of hardware.
Chase also offers a virtual payment processing terminal, ideal for remote and e-commerce merchants that process most or all transactions online, by mail, or by phone. All you need is a computer, a secure Internet connection, and a supported browser.
Chase Payment Solutions integrates with hundreds of third-party software solutions. Some notable integrations include BigCommerce, FreshBooks, Joist, mHelpDesk, Agree.com, and Fusebill.
Chase Payment Solutions comes with a robust array of client support and protection tools, including support for chargebacks and dispute management on e-commerce platforms and in the real world, fraud protection and data security, detailed guides and troubleshooting for all supported hardware, and information about business taxes and compliance.
While Chase Payment Solutions has many advantages, it also has some disadvantages. For instance, QuickAccept requires a Chase Business Complete Banking account to use, not all hardware is compatible, and pricing isn’t transparent for all payment methods.
In conclusion, Chase Payment Solutions is a valuable payment processing tool for independent professionals, small-business owners, and larger enterprises alike. However, it’s not the only business service you’ll need to ensure your success. To scale with Chase Payment Solutions, you need to draw customers to your business. That means investing in advertising and lead generation using tools like Groupon Merchant and Yelp, and developing a comprehensive content marketing plan.
