ProPay Review

Accept Credit/Debit Card Payments From Smartphones

ProPay delivers mobile payment processing solutions which make it much easier for companies, businesses, and merchants to accept credit and debit card payments from customers. One of these mobile payment solutions is its mobile card reader called ProPay JAK. ProPay JAK can be connected to most smartphones, allowing users to accept credit and debit card payments from their iOS or Android devices anywhere and anytime.

ProPay JAK has the capability to capture customers’ signatures at the point of sale. At the moment of swipe, it protects sensitive payment data with encryption, helping users ensure to customers that their vulnerable and confidential data is secured. ProPay JAK, likewise, provides users with lower swipe rates.

Process Payments From PC Or Laptop

Users can also take advantage of ProPay’s flash card reader. This is another mobile card reader that they can connect to any Internet-enabled PC or laptop. Interestingly, this mobile card reader, which is referred to as ProPay Flash, can actually work even if the computer or laptop is currently not connected to the Internet. It can save up to 71 credit card or debit card transactions which can be processed when the computer regains access to the Internet.  Additionally, it deletes all the transactions from the device after they are processed. However, for billing purposes, users can store customers’ card data in ProPay’s secure database.

Make Money On The Go With Mobile App

As part of its mobile payment processing solutions, ProPay offers a mobile app that can be downloaded from Google Play or App Store for free. This mobile app can work seamlessly with the ProPay JAK  mobile card reader for processing credit card and debit card payments. With ProPay’s mobile app, funds can be transferred between ProPay accounts.  It can also be used for sending invoices through email or text, as well as for managing account features.

Robust Payment Network

Developed and established for large companies, ProPay has a robust payment network that speeds up the movement of money and funds between merchants, affiliates, consultants, and partners in a global context. This global payment network is comprised of a suite services that lets companies quickly pay the commissions earned by their distributors or independent contractors, transfer money to vendors or suppliers in real time, and enable customers to pay for goods or services in the currency they prefer. The payment network allows all of these to be done through a single point of integration.

Payment Splitting Functionality

As part of its payment network, ProPay features a payment splitting functionality by which card payments are instantly divided among the multiple parties in the transactions. For instance, when customers make purchases through a distributor, the proceeds from sales are immediately divided between the distributor and the wholesale organization, giving each party its share of the transaction proceeds. 

Spend Back

There is another feature in ProPay’s payment network which is called SpendBack. With this feature, distributors can pay for wholesale orders directly from their ProPay account. This helps wholesalers save money, as they are able to reduce the cost of paying on wholesale orders. As distributors receive their commissions through their ProPay account, they can use the money or funds from their account to purchase more products from wholesalers. Therefore, it simplifies the wholesale purchase process, encourages distributor activity and higher reinvestments from distributors, and reduces transaction costs.

Tokenize Sensitive Payment Data For Security

To wrap it up, ProPay delivers a payment security solution that ensures that customer payment data is safe and secure, whether such data comes from credit card, debit card, or ACH (Automated Clearing House) payments. Aside from encryption, ProPay uses tokenization to protect payment data. Tokenization is a data security process wherein existing payment data is replaced by tokens. As an example, once payment data such as a credit card number is substituted with a token, the POS terminal captures the token and passes it to the merchant’s internal systems where it is stored. Therefore, the token is the one that gets stored in the POS terminal or in any of the merchant’s internal system, not the customer’s sensitive data.