- Trading Name: Chase Payment Solutions
- Legal Entity: JPMorgan Chase Bank, N.A
- Activities: Payment processor and acquiring bank
- Location: New York, USA
- Regulations: Member FDIC
- Key People: Cheryl Plewa (Executive Director)
Chase Payment Solutions (formerly Chase Merchant Services) is a payment processor and acquiring bank for merchant transactions. Chase is certainly a well-known name in the U.S. payments industry. The company is a spinoff of JPMorgan Chase.
For businesses that accept credit, debit or gift cards from their customers, Chase Payment offers electronic payment processing products.
With more than $1 trillion in annual processing volume, it is one of the largest payment processors in the world. However, Chase does not service high-risk accounts.
Chase Payment Solutions offers flat and interchange-plus rates, as well as monthly terms. For merchants who also use Chase’s commercial banking services, rates with same-day or next-day funding are available.
Their service includes:
- Flexible payment systems
- Improved cash flow
- Streamlined billing
Prices for Chase’s credit card processing services vary by transaction type.
Charged or swiped transactions: 2.6% + $0.10 per transaction
Entered transactions: 3.5% + $0.10 per transaction
E-commerce transactions: 2.9% + $0.10 per transaction
Chase Payment Solutions integrates well with all major e-commerce platforms, such as WooCommerce, Shopify, and BigCommerce.
Due to poor customer reviews, we place Chase Payment Solutions on our “Orange Compliance” list.