Paycron

What is Paycron

Paycron is a merchant services company based in the USA that connects businesses with suitable payment processing solutions. It acts as an intermediary, or broker, helping merchants find and set up the right merchant account for their specific needs. The company's core purpose is to simplify the process of accepting payments for all types of businesses, including e-commerce stores, retail shops, restaurants, and non-profit organizations. Paycron specializes in providing services for low, medium, and high-risk industries, which are often underserved by traditional banks. Their main functions include setting up credit and debit card processing, eCheck (ACH) services, and online payment gateways. They also offer unique services like assistance with business incorporation in the USA for international clients.

Paycron Features

Paycron offers a range of services designed to facilitate payment acceptance for businesses.

• Merchant Account Services: Paycron helps businesses apply for and get approved for a merchant account. This is essential for any business that wants to accept credit or debit card payments.
• Credit and Debit Card Processing: They provide solutions for processing major credit and debit cards online, in-person, or over the phone. This includes setting up the necessary payment gateway.
• eCheck Processing: This feature allows businesses to accept electronic checks (ACH payments) directly from a customer's bank account. It is often a more affordable alternative to credit card payments, especially for recurring billing.
• High-Risk Merchant Accounts: A key specialty of Paycron is securing payment processing for businesses considered high-risk, such as travel agencies, online pharmacies, or subscription services.
• Online Payment Gateway: They provide and help integrate secure online payment gateways that encrypt and transmit customer payment data safely from a website to the payment network.
• Transaction Tracking and Reporting: Merchants get access to a dashboard where they can monitor all transactions in real-time, view sales data, and download monthly statements and reports.
• Multi-Payment Options: The service enables businesses to accept payments from customers around the world through various methods, not just credit cards.
• Business Incorporation Services: Paycron assists entrepreneurs from anywhere in the world in the process of legally establishing their business in the United States.

Paycron Pricing Plans

Paycron does not list standard pricing plans on its website. Instead, they offer customized pricing based on the specific needs of each business. The rates and fees depend on several factors, including:

• Business Type: Whether the business is low-risk, medium-risk, or high-risk.
• Transaction Volume: The number and total value of transactions processed each month.
• Average Ticket Size: The average value of a single transaction.
• Processing History: The business's history of chargebacks and payments.

Typically, the pricing structure includes a per-transaction fee (a percentage of the sale plus a small fixed fee) and may include a monthly account fee. Paycron aims to connect merchants with processors that offer competitive, low-rate solutions. Businesses must contact Paycron directly to receive a custom quote.

Paycron Free Plan

Paycron does not have a free plan, as payment processing services always involve transaction fees. However, they emphasize a cost-effective setup. According to customer testimonials, Paycron may offer merchant accounts with no setup fees and no monthly fees. The primary cost is the fee charged on each transaction. Businesses interested in their services can get a free consultation and a no-obligation quote to understand the potential costs for their specific situation.

How to use Paycron

Getting started with Paycron involves a straightforward consultation and application process.

1. Contact Paycron: The first step is to reach out to their team through their website or phone to discuss your business needs.
2. Submit Application: You will need to fill out an application form, providing details about your business, such as industry, estimated monthly sales volume, and processing history.
3. Underwriting Process: Paycron's team reviews your application and works to match you with the best payment processor from their network that fits your business profile, especially if you are in a high-risk category.
4. Approval and Setup: Once approved, they will help you set up your merchant account and payment gateway.
5. Integration: Their team assists with integrating the payment gateway into your website, e-commerce platform, or point-of-sale (POS) system.
6. Start Processing Payments: After integration is complete, you can begin accepting credit card and eCheck payments from your customers.

Pros and Cons of Paycron

Pros:

• Specializes in High-Risk Accounts: They are a valuable partner for businesses that struggle to get approved by mainstream processors.
• Multiple Payment Methods: Offers both credit card and eCheck processing, giving businesses flexibility.
• Personalized Service: As a broker, they provide dedicated support to find the best solution for each client.
• Fast Onboarding: They claim a simplified and quick application and setup process.
• Additional Services: The business incorporation service is a unique benefit for international entrepreneurs.

Cons:

• Indirect Processor: Paycron is an intermediary, not a direct processor. This means you will ultimately be working with another company for the actual processing.
• Lack of Transparent Pricing: You must contact them for a quote, as pricing is not publicly listed.
• Variable Terms: The final terms, conditions, and fees depend on the underlying processor they connect you with.
• Mainly US-Focused: Their services appear to be primarily focused on businesses operating or incorporating in the USA.

Paycron integrations

Paycron provides payment gateway solutions that are designed to integrate with a wide variety of business systems. They facilitate connections with popular platforms to ensure a smooth payment experience. Common integrations include:

• E-commerce Platforms: Shopify, BigCommerce, Magento, WooCommerce.
• Shopping Carts: Custom-built shopping carts and other popular plugins.
• Accounting Software: Solutions to help reconcile payments with accounting software like QuickBooks.
• CRM Systems: Integration with customer relationship management tools for streamlined billing.

They provide support and documentation to help developers or business owners connect the provided payment gateway to their existing software.

Paycron Alternatives

• PaymentCloud: A direct competitor that also specializes in providing merchant accounts for high-risk and hard-to-place businesses. They are known for their excellent customer service and wide range of processor relationships.
• Stripe: A popular payment processor known for its powerful API, transparent flat-rate pricing, and ease of use. Stripe is excellent for standard online businesses but can be very strict about which industries it supports.
• PayPal: A globally recognized payment platform that is very easy to set up. It is a good starting point for small businesses but can have higher fees and may freeze accounts if they detect activity that violates their terms.
• Authorize.net: A widely used and trusted payment gateway that can be connected to many different merchant accounts. It offers advanced fraud detection tools and is a good option for businesses that already have a merchant account but need a reliable gateway.

Paycron API

Paycron itself does not offer a public API because it is a merchant service provider, not a direct payment gateway. However, they provide businesses with a payment gateway solution from one of their processing partners, which does include a developer API.

When you set up an account with Paycron, you will receive the necessary API keys, documentation, and developer support for the specific payment gateway assigned to your account. This allows you to integrate payment processing directly into your website, mobile app, or custom software. To get API access, you must first be an approved merchant.

Paycron Affiliate program

There is no publicly available information on the Paycron website about a formal affiliate or referral program. Companies in the payment processing industry often have partnership programs for developers, sales agents, or businesses that refer new clients. Interested parties who wish to partner with Paycron should contact their support or sales team directly to inquire about any available referral or reseller opportunities.