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Processor Comparison

Processor Comparison

When choosing a processor, consider your onboarding and reporting requirements, the desired merchant experience, and any other operational needs.

If you have questions about processor capabilities, please reach out to .

TSYSPAYSAFE + FLEX BILLINGPAYSAFE
Processing Capabilities
Online payments
In-person paymentsIn beta
Bank-to-bank payments (ACH/EFT)
Currencies
USD
CAD
Capabilities
Apple PayIn-person payments only
Platform fees
Card funding typeAvailable in Q1 '25Available in API response
Merchant Pricing
Custom pricing for Amex payments
Custom pricing for in-person payments
Pricing template processing timeInstantInstantUp to 7 business days
Pricing change processing timeImplemented for the following month, if requested before the 12th of the monthInstantUp to 7 business days
Billing Frequency
Daily
Weekly
Monthly
Settlement Times
Next-day funding (NDF)7:30pm EST4pm EST; payments are batched multiple times a day
Standard payout speed2:30am EST12am EST; payments are batched multiple times a day
Payout Speed
Next-day funding (NDF)DefaultIn beta, requires UW approvalRequires UW approval
T+0High-risk merchantsDefaultRequires UW approval
T+1High-risk merchantsHigh-risk merchantsDefault
Payout Type
Gross payoutsIn beta
Net payouts
Payout Frequency
Daily
Weekly
Monthly
Reporting
Transaction-level fee details
Interchange qualification data
Onboarding
Expected approval timesSame day, unless pended for additional information.
Credit checksA hard credit check will be performed on the application signee. Non-profits are exempt.A credit check may be performed if additional verification is needed.
Agreements and digital signatureMerchants can agree and sign by completing an in-app Docusign flow.Merchants can agree and sign by clicking to agree in the application.
DocumentsMerchants classified as Charities or Religious Organizations who indicate 501(c)(3) status must upload a 501(c)(3) determination letter to submit their application.Documents are not required to submit the application. However, additional documentation may be requested after submission.
Risk
Funding holdsMerchants will receive an email notification from and TSYS.

Document requests can be managed through the Dashboard or API to resolve the funding hold.

Merchants will receive an email notification from .

Document requests can be managed through the Dashboard or API to resolve the funding hold.

DisputesDisputes can be managed through the Dashboard or API.

Merchants will receive an email notification from and TSYS. TSYS's email subject will be "Chargeback Notification" and the sender is [email protected].

Disputes can be managed through the Dashboard or API.
In-person payments
Supported countriesUSUS, CAD
DevicesValor VL100, VL110PAX A920, A920 Pro, and A80
Custom pricing for in-person payments
Manual capture
On-device tipping
Printed receiptsManaged through the Dashboard or APIManaged directly on the terminal reader
Card tokenizationAvailable in Q4 '24
Real-time terminal monitoring
Terminal management
Point-to-point encryption (P2PE)