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The XPAY X-Factor

Payment Processing - Back to Basics

The payment industry is undergoing continuous transformation, with technologies promising better efficiency: blockchain, mobile wallets, contactless chip credit cards, and electronic payment platforms. Therefore, it is crucial for your business to offer flexible payment methods to your customers.

Man paying with credit card in a store

Customers can easily make e-commerce purchases with a click of a button and or even with facial recognition, but payment processing is much more complicated than that. In fact, an average credit card transaction involves some half a dozen players as it goes from consumer to merchant to gateway to processor to network to issuing bank and merchant bank, and back again.

Businesses need a merchant account, which means that whenever a customer purchases an item with a credit or debit card, the merchant submits the purchase transaction information to the payment processor used by its acquiring bank via a payment gateway.

A payment processor is a company that a merchant chooses to securely handle monetary transactions from different payment methods so that customers can seamlessly buy products through their merchant account. Processors are technological systems that work with banks and card networks to help merchants accept and process credit, debit, and prepaid payments.

Payment processors take payment methods at the time of purchase through a series of payment gateways and approvals, and then either approve or deny the purchase within a matter of seconds. If the transaction is approved, the money is then transferred into the merchant’s bank account.

A payment gateway is a software that facilitates the secure communication of transaction information.

The best payment processors support multiple ways that customers can pay your business, particularly the options that are commonly used in your country, industry or territory. If you're an international business, you want your payment processor to recognize multiple currencies. Aside from accepting credit and debit card payments, your processor should ideally also accept mobile wallet payments, and even crypto, which is a totally different world in comparison to how credit card processing works.

XPAY website on mobile

What Makes Us Different?

XPAY has multiple payment processing solutions that are able to cater to any type of business and industry especially the high-risk industry.

PSPs (Payment Service Providers) or ISOs (Independent Sales Organizations) such as PayPal, Stripe, or Square would often times offer high-risk merchants with appealing “instant approvals". But weeks later, once the underwriting process has taken place and high-risk products are discovered being sold, these PSPs will freeze and shut down their account. Once that happens, the merchant cannot get it back up and running through those same payment processing companies.

This termination means that their business has been restricted from using many online credit card processors for their product sales. Funds that remain in their merchant account often cannot be accessed until they are able to establish a high-risk credit card processor specifically tailored for high-risk businesses. Termination of merchant accounts often causes a lapse in incoming payments consequently leading to insufficient funds in their accounts. These merchants often find themselves in a desperate situation.

XPAY can help recover your merchant account the right way by expertly pairing you with a solution that is willing to accept the liability for the increased risk associated with your high-risk business.

Our relationships with global processing companies and decades of experience in banking and payments allow us to provide merchants with customized solutions for their business.

We do not directly underwrite or approve high-risk merchant accounts. We facilitate via payment processors to connect high-risk merchants to an approving merchant account acquiring bank specific to your line of business.

Each business is unique and we're able to match your business needs with the:
  • best market rates, fees, and terms (quote-based)

  • fast approvals

  • domestic and offshore solutions

  • approvals that are declined somewhere else

Unfortunately, many ISOs function as just a sales platform without the knowledge of the payments industries, trends, and technology. Businesses only become a sales number and move on.

On the other hand, we believe in relationships with our merchant clients. If our merchant is unhappy with the bank or processor they have chosen, we will switch them to a new provider in our network, free of charge as well as advising them on how to improve their payment and fraud management operations as part of our services.

Our Service Features

Payment processing is an integral part of the retail experience. E-commerce shops need to provide a positive user experience so that customers keep coming back.

We work with startup and established businesses of any size, merchants rejected or shut down by other credit card processors, as well as retail and online merchants with no credit, bad credit, or high chargebacks. We don't discriminate a business because they are labeled as "high-risk".

XPAY knows the inner workings of payment processors and this provides us with the knowledge and expertise to help merchants and their business needs.

  • ECommerce

  • International (Offshore) Payments

  • Integrated Payments

  • Mobile

  • MO/TO

  • Retail & Swipe

  • 3D Secure

  • Level 2 & 3 Processing

  • Recurring Billing

  • Cash Advance

  • Cashbacks

  • Fraud Prevention

  • Tokenization


XPAY supports integration with numerous eCommerce platforms and payment gateways including WooCommerce, OpenCart, Magento, WordPress, Google Pay, and Apple Pay.

Let us take care of getting you a merchant account so you can focus on what you do best, running your business.

If you want to learn more, schedule a call with us or send us a message.

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