wepay inc

1 App for Contractors. Estimate, invoice, collect payments, and manage projects from anywere at any time. 4.5 out of 5 avg. App Store rating. Try it Free. WePay is an online payment service provider based in the United States and controlled by JPMorgan & Chase. It is a digital solution that provides integrated and. although the company has recently rolled out POS support. WePay is slightly cheaper for card-not-present transactions; its fee is 2.9% + $0.25.

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Wepay inc -

Payments you can bank on

Integration Effort

How much work is required to implement?

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Low

(As few as2 API calls)

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Medium

Core

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High

User Experience

How does the Merchant set up and manage their merchant account?

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Chase Icon

Chase

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Platform

Core

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Platform

Support

Who provides support to merchants?

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Chase

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Platform

Core

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Platform

Flow-Of-Funds

Who is responsible for funding merchants?

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Chase Icon

Chase

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Chase

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Platform

(As Payment Facilitator)

Risk & Compliance

Who is responsible for managing risk and compliance?

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Chase Icon

Chase

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Chase Icon

Chase

Core

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Platform

(As Payment Facilitator)

Merchant Pricing

Who controls merchant pricing?

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Chase Icon

Chase

(Platform earns referral fees)

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Platform

Core

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Platform

(As Payment Facilitator)

Источник: https://go.wepay.com/

Donor Tools terms, policies,
and legal bits

When you use our services you entrust us with YOUR valuable information. We have made it a priority to protect your data and to provide you with choices about controlling it.

We try to make all our policies as clear, fair, and readable. Please take the time to review our Terms of Service, Refund Policy, Privacy Policy. European Union and Switzerland customers should review our Privacy Shield and GDPR pages.

Donor Tools primary data and servers are hosted at Rails Machine's data center (Atlanta, GA).

The data center is Type 2 SSAE 16 SOC 1 accredited and includes keycard protocols, biometric scanning protocols, armed guards, and round-the-clock surveillance. Our environment is colocated, meaning we have full control of the physical environment and only our policies affect the access and use of the hardware, network and software. We provide multiple levels of backups and redundancy to ensure uptime and peace of mind. Donor Tools itself has not undergone a SOC audit, but our data center has. A copy of the most recent SOC report may be provided on request after completing an NDA.

We use technical and physical controls designed to prevent unauthorized access to personal data. We restrict access to personal data only to our employees, contractors and agents who require access to operate, develop or improve our service. These individuals are bound by confidentiality obligations and may be subject to discipline, including termination and criminal prosecution if they fail to meet these obligations.

Donor Tools offers payments through WePay, Inc. ("WePay"), a third-party payment processor. In order for you to use WePay's payment processing services, you must register with WePay as a merchant.

The WePay Terms of Service explain that process and are available here.

The WePay Privacy Policy is available here.

By accepting this agreement with Donor Tools, you agree that you have reviewed the WePay Terms of Service and Privacy Policy for the country in which you are located and agree to them.

If you have questions regarding the WePay Terms of Service or Privacy Policy, please refer to the WePay website at www.wepay.com or contact WePay at https://support.wepay.com/hc/en-us.

Canadian organizations: By creating a merchant account with WePay, you are agreeing to accept debit card payments. Please review the FCAC Code of Conduct Requirements.

All personal information stored in Donor Tools can be accessed, modified, and exported through the web interface. You can read more about personal information deletion in our privacy policy. To request an export and/or deletion of personal data for other individuals, like your employees or customers that you have provided to us and who have requested this of you — please email us at [email protected] We will respond to these requests in under 30 days, as required under GDPR.

Источник: https://www.donortools.com/policies_summary

JPMorgan buying WePay, shifting fintech investment into high gear

JPMorgan Chase has made several investments in financial technology startups, but its plan to buy WePay will give its 4 million small-business clients a much more direct way to adopt digital payments.

The bank announced plans to acquire the payment company on Tuesday in a deal that could be larger than $220 million, according to The Wall Street Journal, which attributed the amount to unnamed sources.The parties would not confirm the amount of the deal.

"With WePay, Chase is taking the work out of payments for both our business clients and the software providers who serve them," said Matt Kane, CEO of Chase Merchant Services, in a release. "We are powering payments for growth, so businesses can accept payments instantly, get paid faster, and never lose a sale. And we’ll give ISVs a payment facilitator-like experience without the overhead or increased fraud risk."

WePay serves primarily smaller businesses and communities that sell products online on behalf of micromerchants. It has bulked up considerably in the past year, adding support for Apple Pay and Android Pay for mobile checkout and introducing offline services to ward off competition from mobile point of sale providers such as Square.

"We think this is a game-changer — we’re combining the global brand, scale, capabilities and distribution of one of the world’s largest and most respected financial institutions with our world-class talent and technology to build the future of FinTech," said Bill Clerico, founder and CEO of WePay, in an email.

For JPMorgan Chase, it's a substantial commitment to its fintech investment strategy. There have been 166 fintech payment deals totaling at least $29.3 billion in 2017, the Journal reported, citing numbers from Financial Technology Partners. This makes payments the largest segment for fintech investment.

JPMorgan has not been a major part of that deal making. The bank has made some investments, including a relatively small $10 million stake in LevelUp, participated in a $100 million investment in Bill.com, and invested in MCX's mobile payments technology to bolster Chase Pay. WePay would be its first major fintech acquisition.

Источник: https://www.americanbanker.com/payments/news/jpmorgan-buying-wepay-shifting-fintech-investment-into-high-gear

WePay Boosts Payment Platform
with MySQL Enterprise Edition

WePay upgrades to MySQL Enterprise Edition 8.0 for maximum uptime, greater database observability, and enhanced compliance with financial regulations.

Business Challenges & Goals

WePay is the integrated payments business of JPMorgan Chase. WePay provide payments infrastructure for independent software vendors (ISVs) and software platforms to ensure small businesses get paid quickly and easily. Our application programming interfaces (APIs) make flexible, integrated payments possible through referral, white-label, or payment facilitator models.

Given this, WePay's development processes are subject to strict security and compliance controls. Security, reliability, and compliance are key requirements of a relational database management system for online payments.

Since 2008, WePay has been running MySQL as its core database to support an agile development environment. For the past decade, the database grew into a single monolithic database of 250 TB. As a payments company, uptime is mission critical, so in 2018 WePay began creating microservices running on MySQL database clusters.

Upon moving to MySQL Enterprise Edition 5.7, WePay improved database availability, observability, separation of responsibilities, and audit compliance. This led to an upgrade in 2020 to MySQL Enterprise Edition 8.0.

Business Results & Metrics

With MySQL Enterprise Edition 5.7, WePay achieved improved observability of production database performance by using global transaction identifiers (GTIDs) and MySQL Orchestrator to detect failure and perform role transition. These tools significantly boosted database availability and scalability by handling unplanned events in cluster replication.

WePay implemented MySQL Enterprise Monitor to gain even deeper observability of changes in the production database that helped them better track who made them and why. Site reliability engineers—who do not have direct access to the production database due to compliance with Payment Card Industry Data Security Standard (PCI-DSS) controls—can now see what goes on inside the database.

As an organization bound to the Agile software development methodology, this observability allows the engineering teams to quickly evolve the payment platform, adhering to PCI-DSS rules and audits and other banking controls.

"Being able to see how the database is performing with production data and load is fantastic," said Rich Steenburg, Senior Director of Engineering at WePay. "If we didn't have MySQL Enterprise Edition, I don't think we would be able to satisfy these requirements and to change as fast."

Database application performance was also further enhanced by MySQL Query Analyzer, which WePay uses for pinpointing and solving queries causing slowdowns. This ensures maximum availability of the platform.

Because the payments platform also shares instances across hundreds of databases and microservices, the company relies on MySQL's resource management to enable or restrict resource consumption. Beyond optimizing CPU utilization, this feature provides control over which users can perform resource group operations.

MySQL Enterprise Audit is equally critical within WePay for compliance with the strict separation of duties and responsibilities required in a payments industry, where billions of transactions between merchants, payment processors, and banks take place daily and fraud is an existential threat.

MySQL Enterprise Audit's automated policy-based auditing, coupled with MySQL Enterprise Edition 8.0's identity management and encryption tools, provide WePay with powerful security controls to satisfy regulatory compliance.

In addition, WePay uses MySQL Roles for granting specific permissions to team members by role, as a convenient alternative to granting individual privileges.

WePay is confident in providing its partners with a highly available, reliable, and secure online payments infrastructure. WePay is working with the Oracle MySQL Premier Support team to upgrade to MySQL Enterprise Edition 8.0.

"Having a direct line to the engineering team, ultimately responsible for the system that you're using, is critical to our success," Steenburg said.

Why MySQL

WePay chose MySQL as its core database from inception in 2008, successively moving through various MySQL versions until moving to MySQL Enterprise Edition 5.7. The pivot to version 5.7 hinged on the ability to better observe the impact of changes in the production database and to comply more stringently with banking regulations. Eager for ever more robust monitoring, auditing, and security tools, WePay began migration to MySQL Enterprise Edition 8.0 in 2020.



Источник: https://www.mysql.com/why-mysql/case-studies/wepay-boosts-payments-mysql.html

ZOHO AND WEPAY. GET YOUR PAYMENTS, YOUR WAY.

Say goodbye to all your payment gateway troubles! With the WePay integration for the Zoho finance product suite, getting paid online is now easier and faster than ever.

  • ZOHO BOOKS
  • ZOHO INVOICE
  • Wepay
  • ZOHO SUBSCRIPTIONS
  • ZOHO INVENTORY

Create professional invoices, send automatic payment reminders, and accept online payments with Zoho Invoice.

  • Create beautiful invoices using templates

  • Manage Projects and track time

  • Receive online payments

Manage your finances and stay on top of your cash flow.

  • Manage receivables and payables

  • Import bank feeds automatically

  • Comply with sales tax, VAT, and GST

Simplify your order management processes, from making purchases to keeping track of stock and fulfilling orders.

  • Add more selling channels to increase sales

  • Manage multiple warehouses

  • Fulfill orders faster

Effortlessly manage your subscription based business, from accepting recurring payments to handling customer subscriptions.

  • Automate recurring billing and invoicing

  • Take control of failed payments

  • See real-time subscription metrics

Get paid, the easy way.

  • Instant setup

    Hassle-free integration, all under one roof. Set up your merchant account in minutes from inside any Zoho finance product.

  • Market leading pricing

    The lowest merchant transaction fees among all payment gateways. You pay only 2.9% + 30¢ per transaction with no additional setup or hidden costs.

  • One-stop Zoho support

    No more back-and-forth communications with multiple companies. We're your main point of contact, 24/5, for all your questions and concerns.

  • Automate your accounting

    Seamlessly track your customer payments, transaction fees and refunds with the WePay clearing account found in Zoho Books.

  • One price for all

    WePay supports Visa, MasterCard and Amex credit cards, with the same merchant transaction fee for each.

  • Safe and Secure

    We at Zoho, take security very seriously and ensure all your customer payments are safely handled and protected.

Getting Started

  • Sign up for WePay

    Kickstart the process right away from your Zoho service by clicking on 'Create your WePay account' and selecting your email address.

  • Fill the KYC

    Once that's done, add your personal information and business details to the Know Your Customer form.

  • Connect your bank account

    Connect your bank account to start receiving payments and watch the cash flow in.

I was about to use another payment gateway solution for my business when Zoho Books had announced their integration with WePay. When I signed up and tried the integration, I realized that the other solution was outdated and not intuitive. We found WePay integration seamless and easy to setup. The direct payment withdrawal to the bank works excellent.

RAJ MEHTA

(PRESIDENT, 24Tons inc.)

Integrate WePay with Zoho now and watch the magic unfold!

TRY NOW

Your questions answered

  • X

    Does the integration work in my country?

    As of now, the WePay integration is only supported for businesses registered in the United States, with USD as the base currency.

  • X

    Which credit cards are supported?

    WePay supports Visa, MasterCard and Amex credit cards, with the same merchant transaction fee for each.

  • X

    What about payment processing and clearing of funds?

    The amount paid by your customers will be added to the merchant account and be processed for settlement daily. Once these payments are approved and processed, they will be deposited to your bank account.

  • X

    What kind of details do I need to provide in the KYC?

    You are required to input some basic personal information including your DOB, SSN, and so on, along with certain essential business credentials so that we know more about you and your business.

  • WePay is incredibly secure and adheres to all the major payment standards, including the highest level of PCI security, standard tokenization for cards, and multi-factor authentication. Learn more

  • X

    Do I need to pay separately for this integration?

    There are absolutely no setup costs, or additional or hidden charges involved in establishing this integration.

  • X

    I already have a WePay account. Can I still set up an integration with the Zoho service?

    Yes, you can still set up the integration with your Zoho finance products. Simply add the email address associated with your WePay account inside your Zoho products, and be sure to select it from the listed emails during the WePay integration process. Learn more

  • X

    How do I change preferences for the frequency of fund settlements?

    You can set the deposit frequency to daily, weekly, or monthly. Check out our help guides here to find out how.

  • X

    Where do the payments go if I haven't associated a bank account with WePay?

    If you've started accepting payments without associating your bank account, the amount received will be stored in WePay reserves for 30 days, beginning on your first payment acceptance, before being refunded to your customer.

  • X

    Does the integration support ACH payments?

    At this time, the integration does not support ACH payments.

Try the Zoho Finance suite today!

Источник: https://www.zoho.com/finance/wepay/

Terms and Conditions ("Terms")

Last updated: December 1, 2020

Please read these Terms and Conditions ("Terms", "Terms and Conditions") carefully before using the www.mangomint.com website (the "Service") operated by Mangomint, Inc. ("us", "we", or "our").

Your access to and use of the Service is conditioned upon your acceptance of and compliance with these Terms. These Terms apply to all visitors, users and others who wish to access or use the Service.

By accessing or using the Service you agree to be bound by these Terms. If you disagree with any part of the terms then you do not have permission to access the Service.

Intellectual Property

The Service and its original content, features and functionality are and will remain the exclusive property of Mangomint, Inc. and its licensors. The Service is protected by copyright, trademark, and other laws of both the United States and foreign countries. Our trademarks and trade dress may not be used in connection with any product or service without the prior written consent of Mangomint, Inc..

Third-party payment processor

Mangomint, Inc. offers payments through WePay, Inc. ("WePay"), a third-party payment processor. In order for you to use WePay’s payment processing services, you must register with WePay as a merchant. The WePay Terms of Service explain that process and are available here: https://go.wepay.com/terms-of-service-us. The WePay Privacy Policy is available here: https://go.wepay.com/privacy-policy. By accepting this agreement with Mangomint, Inc., you agree that you have reviewed the WePay Terms of Service and Privacy Policy for the country in which you are located and agree to them. If you have questions regarding the WePay Terms of Service or Privacy Policy, please refer to the WePay website www.wepay.com or contact WePay at https://support.wepay.com/hc/en-us.

Links To Other Web Sites

Our Service may contain links to third party web sites or services that are not owned or controlled by Mangomint, Inc..

Mangomint, Inc. has no control over, and assumes no responsibility for the content, privacy policies, or practices of any third party web sites or services. We do not warrant the offerings of any of these entities/individuals or their websites.

You acknowledge and agree that Mangomint, Inc. shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such content, goods or services available on or through any such third party web sites or services.

We strongly advise you to read the terms and conditions and privacy policies of any third party web sites or services that you visit.

Termination

We may terminate or suspend your access to the Service immediately, without prior notice or liability, under our sole discretion, for any reason whatsoever and without limitation, including but not limited to a breach of the Terms.

All provisions of the Terms which by their nature should survive termination shall survive termination, including, without limitation, ownership provisions, warranty disclaimers, indemnity and limitations of liability.

Indemnification

You agree to defend, indemnify and hold harmless Mangomint, Inc. and its licensee and licensors, and their employees, contractors, agents, officers and directors, from and against any and all claims, damages, obligations, losses, liabilities, costs or debt, and expenses (including but not limited to attorney's fees), resulting from or arising out of a) your use and access of the Service, or b) a breach of these Terms.

Limitation Of Liability

In no event shall Mangomint, Inc., nor its directors, employees, partners, agents, suppliers, or affiliates, be liable for any indirect, incidental, special, consequential or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the Service; (ii) any conduct or content of any third party on the Service; (iii) any content obtained from the Service; and (iv) unauthorized access, use or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence) or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed of its essential purpose.

Disclaimer

Your use of the Service is at your sole risk. The Service is provided on an "AS IS" and "AS AVAILABLE" basis. The Service is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, non-infringement or course of performance.

Mangomint, Inc. its subsidiaries, affiliates, and its licensors do not warrant that a) the Service will function uninterrupted, secure or available at any particular time or location; b) any errors or defects will be corrected; c) the Service is free of viruses or other harmful components; or d) the results of using the Service will meet your requirements.

Exclusions

Some jurisdictions do not allow the exclusion of certain warranties or the exclusion or limitation of liability for consequential or incidental damages, so the limitations above may not apply to you.

Governing Law

These Terms shall be governed and construed in accordance with the laws of California, United States, without regard to its conflict of law provisions.

Our failure to enforce any right or provision of these Terms will not be considered a waiver of those rights. If any provision of these Terms is held to be invalid or unenforceable by a court, the remaining provisions of these Terms will remain in effect. These Terms constitute the entire agreement between us regarding our Service, and supersede and replace any prior agreements we might have had between us regarding the Service.

Changes

We reserve the right, at our sole discretion, to modify or replace these Terms at any time. If a revision is material we will provide at least 15 days notice prior to any new terms taking effect. What constitutes a material change will be determined at our sole discretion.

By continuing to access or use our Service after any revisions become effective, you agree to be bound by the revised terms. If you do not agree to the new terms, you are no longer authorized to use the Service.

Contact Us

If you have any questions about these Terms, please contact us.

Источник: https://www.mangomint.com/terms/

By Ainsley Harris1 minute Read

A merchant’s primary financial relationship used to be with its bank. But payments companies have now snagged that prized position, thanks to their central role in online transactions and modern point-of-sale solutions. Increasingly, merchants view their payments relationship–more than their bank relationship–as the gateway to financial services including loans, payroll management, and customer rewards.

Enter Wall Street giant JPMorgan Chase, which yesterday announced its acquisition of WePay, a payments startup founded in 2008 and valued at around $220 million in 2015. WePay serves online businesses like marketplaces and crowdfunding sites. Its API solution can handle payment processing, fraud detection, and complex payouts. The two parties did not disclose the terms of the acquisition, but the Wall Street Journal reports that the purchase price topped WePay’s prior valuation, making the deal Chase’s first major fintech buy.

“We’re going to keep that innovative spirit and their entrepreneurial approach, but backed and funded by Chase, and with the added benefit of all our distribution capacity,” says Matt Kane, CEO of Chase Merchant Services, adding that the bank serves over 4 million small business clients.

In addition, WePay will benefit from the Chase balance sheet. Competitors like PayPal and Stripe, for example, have recently introduced instant payments. Square, in turn, has started lending money to merchants through its Square Capital division. Access to a massive balance sheet will position WePay to rapidly scale related products.

“We’ve done a really good job in certain parts of the market, but a huge part is unaddressed,” says WePay cofounder and CEO Bill Clerico. “It’s a race to capture that opportunity, and having more resources will help us go faster.”

Already, he is planning to double his team of 200 over the next year, and at the same time move into a larger office in Redwood City, California. WePay will continue to operate as its own brand.

Источник: https://www.fastcompany.com/40482866/this-is-why-jpmorgan-chase-is-buying-payments-startup-wepay
wepay inc

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