Here's a Quick Summary

PayArc is based in the United States and this is the only country that its payment processing services are available in, for the moment. It was founded back in 2016 and as a credit card processor, this company offers customizable plans so that every type of business can find the right tools to grow. Its payment software can integrate with your existing platform or website without issues. Moreover, PayArc is one of the few companies that are willing to offer reduced processing rates to charitable organizations. Here is everything you need to know about what PayArc can offer to your business.

Why Choose PayArc

As a business, regardless of your size, you should choose PayArc because of how easy it is to use. Getting started with this web-based payment solution is also an extremely simple task as you will be guided every step of the way until the setup of your merchant account. The dashboard that you will work with as well as the majority of other operations are fully customizable so your business can benefit from exactly what it needs to thrive. Besides this, accessing every transaction is a simple task as well as restricting certain transactions for various reasons. Last but not least, you can choose to work with PayArc regardless of the size or type of your business as this is a customizable solution that will fit your exact particularities perfectly. 

What PayArc Offers - Features and Functionality

Features and Uses

• POS service: the POS service from PayArc offers business owners the possibility of taking a flexible approach when it comes to collecting payments. With this company, you will use terminals from Dejavoo and PAX. The exact type of device will depend on the particularities of your business. Thanks to this service, you will be able to accept credit and debit card payments at the rate imposed by the company which you can find out by contacting the company;
• Online payments: the online payment processing system from PayArc is extremely secure and allows all kinds of businesses to receive online payments from customers. If you have an eCommerce page, the system allows them to check out using it. Also, they can perform wallet transfers to your business. Last but not least, you are able to enter their financial details and customize a payment gateway that offers you full control of all operations;
• Reporting and analytics: the reporting and analytics system from PayArc is not only extensive but also aids businesses to have full control over all of their daily operations. You have access to all of the useful insights, customer purchase patterns, sales, and profit right from the dashboard. A plethora of tables and charts with all the necessary data are also available for your business. Moreover, the reports can be scheduled as individual product reports, sales reports, or business reports whenever you want;
• Billing and invoicing: this is another important feature of PayArc which allows businesses to process and receive payments from their clients. You have lots of invoice templates to work with as well as the possibility to send them through various methods and receive the payments via the clients’ preferred payment method. You can even set up recurring bills, one-time payments, and any other types of charges, depending on your clientele. Last but not least, you can add in discounts and promotions so that everything is in one place, ready to be accessed;
• Hardware: depending on the place you pick, you can also get hardware equipment to use for in-person transactions. The offered smart POS terminals are the PAX E500, PAX E700, PAX E800, and A920 which is a portable terminal. These are free but must be returned when you cancel the contract with PayArc. You can also buy or lease some other equipment such as the Z6 pin pad, the Dejavoo Z8 terminal, or the Z1 mobile card reader;
• Nonprofits benefit from low-cost processing: one of the most interesting features offered by PayArc is the fact that it offers low-cost processing rates to nonprofit organizations. No matter how people donate, the transactions will always be safe. You can also set up recurring donations if you have a nonprofit which can be extremely helpful.

Plans & Pricing

Before anything else, it’s important to mention that the official PayArc website does not disclose any type of information on the plans that it offers and doesn’t provide any prices for them either. This is due to the fact that the company offers completely customizable plans for each business which is why the costs and included features can vary wildly. From what we could gather, when contacting the company, you will need to establish whether or not you prefer a flat-rate plan or an intercharge-based one which is based on your sales volume per month. There is apparently a cash discount plan too which allows you to offer discounts on purchases to people paying in cash. 

Also, you may need to establish whether or not you prefer a plan for in-person payments or for online payments, depending on whether your business has a physical presence or not. In case you choose the in-person payments plan, you may also benefit from free hardware equipment from Dejavoo or PAX, as we have already mentioned. As for the prices, the only way in which you can find out more is to contact the company directly and talk to them about your business needs and goals. 

Ease of Use

As a web-based payment system, PayArc works if you have the right devices for it and a stable and secure internet connection. Overall, this is a very easy-to-use solution for processing payments for your business, both in-person and online. Signing up for PayArc is also a very simple and quick process because you only have to reach out to the team via phone or fill out a form on the website. Once that is done, a team member will contact you with a quote that will fit your business needs and help you set up your merchant account. 

The overall navigation and dashboard of PayArc are intuitive and user-friendly and it will be easy to learn even if you are a beginner. You can make and send invoices quickly and efficiently, customize all of your operations and your dashboard, access all of your transactions right away, and even restrict or block some of them, depending on what our business needs. 

Customer Support

You can get in contact with the PayArc team by filling out a form on the official website with your personal details, the reason you are contacting them, and your message. As soon as possible, a representative will get back to you with an answer. You can also send inquiries via their e-mail address which is support@payarc.com. You can also get in touch with the company by calling 1(877) 203-6624, which is available 24/7. Also, the Knowledge Hub section on the website is very useful in case you want to know more about the company or if you are seeking answers to more general questions. Our tip would be to check the Knowledge Hub before contacting PayArc because your answer might already be there. Last but not least, you can follow the company on its social media platforms such as FaceBook, Instagram, and LinkedIn. 

Contract Terms

The contract terms depend on each business that wishes to use the PayArc system and therefore, they can differ a lot from each other, the same as with the prices. This is also the reason why the official website fails to mention any of them. However, from what we could gather, in general, PayArc work with contracts that have a length of three years and which you can cancel anytime. Keep in mind that there are some online reviews from former clients who claim to have paid a $500 early termination fee. So, take this into account when discussing with the team and make sure to ask about any such fees so you come prepared.

Conclusion

All in all, PayArc is a great payment processing solution that is web-based, intuitive, efficient, and offers a wide range of features as well as some hardware equipment. While certain details are missing from the website, such as the prices and contract terms, there is a good reason for that, as we have already explained. PayArc believes in tailor-made payment solutions for each particular business which is why it could be a great choice for you too.