PayLeap is a payment processing company that offers adaptive services aimed at reducing cost and keeping online merchants safe. At 3dcart we asked Daryn Barney, VP of Business Development at PayLeap, ABOUT their services and how they can help 3dcart merchants with online payment processing.

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3dc:

When was PayLeap founded and how many active merchants currently use it?​

PayLeap:

PayLeap was founded in 2007 and is based in Warsaw, Indiana. Thanks to our partner network and valued customer base we have quickly grown and now have offices in Washington and Utah. In 2008, we introduced our own proprietary payment gateway. Today our core focus is on providing best in class payment processing solutions for online merchants. We offer ecommerce merchants a “bundled solution” inclusive of a payment gateway and merchant processing account – designed to save merchants time and money. PayLeap is PCI certified and is registered under Wells Fargo bank. PayLeap currently has in excess of 2,000 satisfied clients across the United States.

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3dc:

What services does PayLeap offer?

PayLeap:

PayLeap provides an end-to-end gateway + merchant account solution that is fully integrated within 3dcart. Simply stated, our services enable merchants to safely accept payment transactions from their website. Our approach in assisting merchants is sensible and economical.  Regardless if a merchant is launching their first site or they are a seasoned ecommerce “guru” we serve merchants by providing secure, affordable and easy to use payment acceptance tools.

PayLeap provides the following features and capabilities:

Credit/Debit Card Acceptance

Electronic Checks and Check21 Acceptance

Gift Card Issuing and Processing

Virtual Terminal

Robust APIs

Subscription Customer Management

Secure Tokenization

Recurring Billing

Customized Online Invoicing

Batch Uploading

Fraud Prevention Tools

Hosted Payment Forms

Store and Forward Hardware – for on the go merchants

Brick and Click – retail and ecommerce processing with one account

Mobile Commerce

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3dc:

What sets PayLeap apart from other payment providers?

PayLeap:

What sets PayLeap apart is that we offer a single-source solution. Regardless of a how or where a merchant is selling—retail, online, mobile, or all of the above—a merchant can accept any kind of transaction through a single PayLeap account. PayLeap bundles the merchant and payment gateway accounts to provide merchants with a one-stop payments service. On top of superior handling of payments, merchants get the valuable benefit of no-hassle account management with consolidated monthly statements and comprehensive “real time “reporting That translates into greater efficiency and lower costs— strengthening a merchant’s profitability.

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3dc:

What are the different fees involved for merchants that use PayLeap?

PayLeap:

Our pricing is straightforward and transparent. Simplicity has been our goal from day one. PayLeap provides the most value and innovative payment acceptance services for the money—and we say with confidence that no one makes it easier.

We can do this because we own our gateway and eliminate third-party add-on fees. In addition, PayLeap provides many value-adding features such as recurring billing, fraud controls and customer data management – standard with each PayLeap account. We offer merchants optimal pricing for their particularneeds. Below is a summary of the value that you will find exclusively at PayLeap:

No setup fee

No termination fees

Monthly Processing Fees as low as $14.95

Credit Card Rates as low as 1.98% + $0.29

Gateway – included

Merchant Account – Included

Advanced Fraud Tools – Included

Recurring Billing – Included

Subscription Management - Included

For additional details or to apply for an account, please visit: www.payleap.com/lp/3dcart

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3dc:

How is privacy handled for merchants and their customer’s information?

PayLeap:

PayLeap is PCI compliant and as such data security is paramount and we take it very seriously. Our payment gateway uses the latest industry and cutting edge 128-Bit SSL Encryption data security technology. PayLeap is committed to our merchants who entrust us with their client’s sensitive data. Our merchants can have peace of mind and confidence knowing that we use the highest available encryption technology and internal security practices available for internet-based transaction processing. Our networks are monitored 24/7 for any security related issues. We also use leading hardware to ensure that your data is secure. Our published Privacy Policy is found our corporate site at: http://www.payleap.com/privacy.html

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3dc:

What is PayLeap's role in Dispute Resolution?

PayLeap:

Our mission statement is centered on the premise of excellent service with the highest ethical standards.  To paraphrase our mission statement we strive to be an ethical steward to those we serve. We believe that it is our duty to first equip our merchants with proper training and resources to ensure they know and invoke payment acceptance best practices to reduce disputes or chargebacks.  Merchants are instructed to clearly state pricing, privacy and return policy on their site.  We also provide a wide array of fraud prevention tools to catch any unauthorized purchases.  In the unfortunate event that a transaction dispute does occur, our dedicated friendly in-house Support staff is trained to follow the appropriate industry protocol to guide the merchant and the consumer to a satisfactory resolution.

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3dc:

How does PayLeap help with Fraud Prevention and what recommendation would you give to merchants to help prevent fraud?

PayLeap:

PayLeap’s commitment to our merchants and their customers is to ensure that all appropriate safeguards are in place to protect cardholder data and mitigate losses from fraudulent transactions. We offer our merchants sophisticated fraud prevention and management controls. Our Fraud prevention controls allow users to configure settings that will examine transactions for each account based on common fraud indicators or risk factors. Configuring these settings wisely based on transaction trends for the business and industry can help you prevent the submission of fraudulent transactions through your account. Our transaction filters allow you to accept, hold, or automatically reject transactions based on predefined criteria. These features are provided by default to all PayLeap merchants at no extra charge.  Those Safeguards include AVS, Cvv2, Velocity Settings, Country block and more.

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3dc:

What are PayLeap's plans for the future of their company and services?

PayLeap:

The entire PayLeap team is excited about the future. The evolution of commerce is moving quickly and is more thrilling than ever and we love to see what is happening. PayLeap is driven by a team of entrepreneurs motivated by technology and innovation and are passionate about what we do. We are constantly on the bleeding edge of what is happening in ecommerce, mobile commerce and the evolution of retail point-of-sale. Thanks to our talented partner network we get to be a part of really amazing application developments that shape the markets. Based on the fact that we have 100%ownership of our own proprietary gateway, we can be nimble and adjust our gateway offerings to meet the ever changing needs of the industry and more importantly our clients.

Our future plans are to expand geographic coverage by extending our solutions into the international economies.  PayLeap is ever evolving and building the type of network alliances to bring dynamic international processing to fruition.

We are also very much engaged in near field communication (NFC) and how it will shape the future of “commerce 2.0” and payments going forward.

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At the end of the day, it is all about creating real and relevant solutions that make happy merchant clients and strategic partners. PayLeap will continue to work with our partners and clients to continue to bring innovation and interesting new platforms to the payment processing industry…you have our promise!