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AnchorPay FAQs

What’s the difference between a payment gateway and a merchant account?

A payment gateway is a tool that securely transmits card data from your website to the processor, while a merchant account holds the funds before they’re deposited into your business bank account. AnchorPay offers both merchant accounts and payment gateways with seamless integration.

Credit card processing fees usually include interchange fees, assessment fees, and processor markup. With AnchorPay, you’ll benefit from transparent pricing and no hidden fees, helping you save on payment processing costs.
Yes, AnchorPay offers multi-channel merchant accounts that allow you to accept online, in-person, and over-the-phone payments through a single account.
To accept credit cards in-store, you need a point-of-sale (POS) terminal or card reader. AnchorPay provides EMV-compliant terminals and mobile readers tailored to your business size and needs.
Interchange fees are set by card networks like Visa and Mastercard and make up the largest portion of credit card processing costs. AnchorPay helps optimize interchange rates to keep your payment processing costs low.
You can lower your fees by working with a provider like AnchorPay that offers interchange optimization, Level 2 & 3 data processing, and customized pricing models.
A high-risk merchant account is for businesses that face higher chargeback rates or operate in industries deemed risky by processors, such as consumer lending, collections, or travel. AnchorPay specializes in high-risk merchant accounts with fast approvals and secure solutions.
Yes, AnchorPay works with high-risk businesses in industries such as CBD, debt collection, payday loans, and more. We provide secure and compliant payment processing solutions tailored to your industry.
Many businesses are declined by Stripe, Square, or PayPal due to high-risk classification or compliance concerns. AnchorPay offers customized approval processes for businesses rejected by traditional processors.
AnchorPay specializes in helping businesses that were shut down or blacklisted by other processors. We work with multiple banks and gateways to find the right fit for your industry and risk profile.
Documents typically include a government-issued ID, voided check, business license, bank statements, processing history, and a website URL. AnchorPay guides you through every step to ensure approval.
Yes, AnchorPay offers ACH and eCheck processing for high-risk merchants, providing an alternative to traditional credit card payments with lower fees and fewer chargebacks.

You need a secure payment gateway, SSL encryption, tokenization, and PCI compliance. AnchorPay provides all necessary tools to securely process online payments for your website or application.

Card-not-present (CNP) transactions occur when the cardholder isn’t physically present, such as online, phone, or recurring payments. AnchorPay specializes in secure solutions for card-not-present businesses.

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