TextPay is a payment link generated by TextByChoice to text it to your customers and donors to collect payments or donations.
After the merchant account is created TextByChoice will enable a TextPay for the account that you can easily embed in your outgoing sms. Recipients click on the TextPay and are directed to a mobile payment form. Once they complete the transaction the transaction will settle. You will receive your payout minus the processing fee.
Dashboard
Yes! A robust dashboard is available to see all the transactions along with various reporting capabilities. You may also use the dashboard to generate refunds.
Compliance & Security
TextByChoice has partnered with a certified Level 1 Payment Card Data Security Standards (PCI DSS) compliant Service Provider. The provider has SOC 2 – Type 2 Compliance, SOC 1 – Type 2 Compliance, offers secure connection using the complex security algorithms ensuring data is never rendered in plain-text along with card tokenization.
How do I get started?
1. Apply for a merchant account
2. Sign up for TextByChoice
3. Start sending your payment link
Pricing
Credit Card transaction : 2.9% + 30c per
ACH :
Chargeback Fees : $40
All currencies in USD
Various Fees:
Per Sub-Merchant Onboarding Fee: $20
Per Active Sub-Merchant Fee (per month): $5
Per ACH and Card Dispute (includes chargeback inquiry requests): $30
Per ACH Return Fee: $10
Per ACH Validation Fee*: $1
Per ACH Notice of Change: $10
Per Card Account Updater Fee: $1
Per Payout Instruction (includes Company and Sub-Merchant payouts): $1
PCI Non-Compliance Fee (per month until remediated): $50
Per 1099k Issuance Fee: $10
Detokenization Fee** : $15,000
Terms of Service
TextByChoice has partnered with one of the top processing partners to bring this service to you. We help creating a merchant account and enable you to create TextPay using the TextByChoice platform. All terms and policies are applicable using the service.
Payouts: Payouts will occur on a monthly basis and the final amount will be paid minus any applicable service and charges.
Privacy Policy: Partner terms and policies can be accessed using this link.
PCI / DSS Compliance: A merchant may be required to satisfy this compliance.
Types of Payments Accepted: Credit cards, debit cards, mobile payments, online payments, and ACH accepted
Security: PCI-DSS compliance, fraud detection, and encryption.
Reporting: Detailed transaction reports, analytics, and financial summaries.
