ACH payments with Stripe VS Paylike

ACH payments with Stripe Reviews

Paylike Reviews

1. Sam Foster    

   Head of Risk and Compliance at LoyalTech | over 2 years ago
   Scam tactics to withhold funds! Not recommended

   This payment provider cannot be considered as reliable, due to a number of factors. They make up excuses to not execute a settlement under the obligatory monitoring that is ridiculous. Paylike has accepted the project after initial compliance - once we were ready to accept payments we were switched to LIVE. After roughly a month of processing we requested a settlement that has not been executed. Instead the company has decided to show their true nature and insisted on project monitoring due to violations of the agreement (the POSTBACK URL was different from the original URL of the project. This was explained during the call and via email correspondence - we use third party cashier - we have even sent the agreement to back up our statements). We have involved a director in a video call, he has shown his passport and on top of that we provided all of the possible documents, yet they demanded contracts of employees including people that took their apperance on the marketing materials on the website. This is just insane. This so called payment service provider has suspended the account and notified us that it will withhold the funds up to 1.5 years due to potential chargebacks that may take place. This is not the service you need - trust me. They do not have the prompt support like others may offer, only email threads and considering the stated above - THINK TWICE BEFORE PROCEEDING WITH PAYLIKE.

   🏁 Competitors: Stripe, MangoPay

   👍 Pros:    Conversion

   👎 Cons:    Lack of support|Forget about payouts|Time consuming integration|Not user friendly interface

ACH payments with Stripe mentions (2)

• payment system that has 1% fees

  ACH payments on Stripe cost 0.80%, capped at $5, with no monthly fees or verification fees. So, a $100 payment incurs a $0.80 fee; any payments above $625 cost $5. Https://stripe.com/blog/accept-ach-payments. Source: over 1 year ago

• ACH instead of credit card - lower fees?

  I was curious if anyone has experimented or tried ACH bank transfers as payment for lower fees? I know Stripe https://stripe.com/blog/accept-ach-payments has ACH payments with lower fees, anyone tried it out yet? Source: over 2 years ago

Paylike mentions (0)