ProPay

ProPay is a payment company that provides services for merchants seeking processing capabilities for traditional business, ecommerce and mobile. They were founded in 1997 and headquartered in Lehi, Utah.

A ProPay merchant account processes credit and debit card payments. The merchant doesn’t require businesses to create a ProPay account to receive payments. Thus, sellers can receive money faster. The downside, however, of using ProPay is that it doesn’t have a uniform protection policy. Instead, the merchant is bound by the individual terms of protection policies provided by buyers’ credit and debit cards. Another difference between the two merchants is fees.

ProPay does charge fees. For example, the merchant charges an annual fee for using its service and per-transaction fees. The per-transaction fee may include a percentage as well as the fee. The annual fee, however, may include a refund if businesses process a certain dollar amount in approximately six months. The fee scale can be a sliding scale depending on the sites it’s used on.