Follow the transaction
Map the journey from checkout to reconciliation. Ask who handles authorization, settlement, funding questions, and support so your team knows where to turn.
WAYTRIX / PAYMENT ACCEPTANCE
Payments that fit the way you work.
Understand acceptance methods, settlement timing, and the full cost of processing before choosing a provider.
Talk through your requirementsTHE SHORT ANSWER
What is payment processing?
Payment processing is the service that authorizes a customer’s card or wallet payment, moves the funds through the card networks, and deposits them into your business bank account. Your cost combines interchange set by the card networks with the processor’s markup and service fees, so comparing itemized proposals is the best way to find the right fit.
KEY TAKEAWAYS
- Interchange is set by card networks; markup and fees vary by processor.
- Compare proposals on effective rate, contract terms, and support.
- In-person, online, and keyed payments are often priced differently.
GO DEEPER
PAYMENTS IN MOTIONEvery payment, from tap to settlement.
FOLLOW THE EXPERIENCE
01
Customer pays
↓02
Provider authorizes
↓03
A workflow illustration. Exact capabilities depend on the provider and configuration.Business reconciles
↓THE DETAILS BEHIND THE DECISION
Make the whole workflow work.
Compare the whole proposal
Gather your payment channels, typical transaction amounts, and existing agreements. Ask for itemized costs and written terms instead of comparing only headline rates.
Plan the transition
Discuss equipment compatibility, training, a cutover date, and how you will handle refunds for older transactions.
MAKE AN INFORMED CHOICE
Compare the way you take payments
Start with the workflow you need. Confirm the details of a proposed solution before committing.
Talk through your options| Approach | Use case | What to confirm |
|---|---|---|
| 01Countertop acceptance | Customers pay in person | Device, receipts, connectivity |
| 02Online checkout | Orders start on your website | Storefront compatibility, refunds |
| 03Remote collection | Invoices or orders away from checkout | Hosted links, reconciliation |
Card-present and card-not-present
Plan for counter, online, and keyed payments under one clear arrangement.
Funding you can plan around
Ask when deposits arrive and how weekends and holidays affect timing.
Statements you can read
Request a sample statement so you know how fees will appear each month.
Support with a name
Know who to call for funding, equipment, and transaction questions.
FREQUENTLY ASKED
The questions worth asking.
How are processing costs quoted?
Costs depend on your business type, transaction mix, and the provider. Ask for an itemized written proposal that includes every recurring and per-transaction fee.
Can I keep my existing equipment?
Sometimes. Compatibility depends on the device, its software, and the proposed processor, so it has to be confirmed for your specific hardware.
How long does it take to get started?
Timing varies by provider and the information requested during their review. We can explain the steps once your requirements are clear.