Parallel Economy Payment Processor : Parallel Economy | A Censor-Resistant Ecosystem
Sign up today to take advantage of seamless and low-cost payment processing from Parallel Economy.
Flat-rate pricing keeps it simple with no monthly surcharges. 2.98% + 15¢ for in-app, eComm, keyed, and non-qualified.
A single merchant account means signup, setup, and account management is easier than ever.
Fast Funding gives you next-day funding at no extra cost.
Providing fast, friendly, and helpful merchant support is our top priority.
When you process with the Parallel Economy your costs are transparent. No hidden fees & no unexpected rate changes.Next-Day Funding
No more waiting multiple days to receive your funds. Fast Funding gives you next-day funding at no extra cost.
With the Parallel Economy, enrollment is fast & easy. Complete your application, review terms with a rep, sign, and start processing.
A single merchant account across the whole Parallel Economy platform means signup, setup, and account management is easier than ever.
24/7 Merchant Support
Fast, friendly, and helpful merchant support is our top priority. On the phone or via Live Chat, whatever works for you.
The all new Parallel Economy portal gives you a central hub to invoice customers, track expenses, and so much more.
What security technology will I be offered and is it PCI Compliant?
The Parallel Economy and our partners offer a security package called 1stPaySecure that will provide you comprehensive security features and coverage to protect your business. Our package includes:
- EMV Technology
- Point-to-Point End-to-End Encryption
- PCI Compliance
Will credit card account updater be available?
Yes, The Parallel Economy and our partners offer a credit card account updater. Our solution automatically updates credit card numbers for recurring payments reducing the time your staff spends in following up on declined transactions. You will automatically be enrolled in the program when you sign up with Fortis.
What equipment will I need?
The Parallel Economy and our partners can provide a credit card processing terminal that is EMV and NFC capable to accept face to face and/or mobile payments like Apple Pay and Samsung Pay. This terminal will work with our software to be able to process in person payments. You won’t need any additional hardware.
Do I need an EIN or TIN to establish a merchant account?
If you don’t have a registered business, you can supply us with a W9 that includes a Social Security Number to be used for tax purposes. It’s that simple!
How and when will I receive funds from my sales transactions?
Typically, all accounts are set up on Next Day Funding (NDF). NDF applies to retail and MOTO (Mail or Telephone Orders). Everything that is batched out prior to cut-off times (9pm EST) are eligible for NDF. Deposits do follow the Federal Reserve banking guidelines, so weekends and holidays are deposited on the following active business day.