Powering Your Payments: Everything You Need to Know About Finvaro Processing
Finvaro Processing is designed to make payment acceptance seamless and efficient for businesses of all sizes. Whether you're managing payment schedules, integrating with shopping carts, or understanding transaction reporting, our robust platform ensures your business runs smoothly. In this guide, we answer frequently asked questions about Finvaro Processing to help you get the most out of our services.
Where Is Finvaro Available?
Finvaro is available for merchants in the United States, Canada, Europe, and the United Kingdom. To use Finvaro Processing, merchants must be legally domiciled in one of these supported countries. This ensures compliance with regional regulations while providing a global reach for businesses.
How Do Payment Schedules Work?
Payment schedules determine when funds are released to the merchant. Finvaro offers a variety of flexible payment options to suit your business needs. You can choose from daily payouts (Monday through Friday), specific weekday combinations (e.g., Monday and Wednesday or Tuesday and Friday), or longer intervals like weekly, bi-weekly, or monthly payments.
What Are Finvaro’s Minimum Payment Amounts?
Finvaro requires a minimum balance of $5 for payment release. However, merchants can request a higher minimum balance if needed, providing flexibility based on your business’s cash flow requirements.
What Could Prevent a Merchant From Receiving Payments?
Several factors may delay payment releases. Bank account validation is essential, and Finvaro offers three methods to verify bank details: micro-deposit verification, submitting a void check, or providing a bank letter. Payments may also be held if the minimum threshold balance is not met or if flagged by the Finvaro Risk department during a security review. These measures ensure transactional safety and compliance.
Which Shopping Carts Does Finvaro Support?
Finvaro supports seamless integration with popular shopping carts, including WooCommerce, NopCommerce, and Magento 2.0. This allows merchants to connect their e-commerce platforms effortlessly and begin accepting payments with minimal setup.
What Credit Cards Can I Accept with Finvaro?
Finvaro merchants can accept all major credit and debit cards, including Visa, MasterCard, American Express, Discover, JCB, Maestro, and others. This broad acceptance ensures that your customers have convenient payment options.
Can I Accept Prepaid Debit or Gift Cards with Finvaro?
Yes, Finvaro enables merchants to accept prepaid and gift cards from leading brands, including Visa Debit, Visa Electron, MasterCard, and Maestro. This adds flexibility for your customers, catering to a wider audience.
Can I See the BIN (Bank Identification Number) for Cards Processed with Finvaro?
Finvaro provides comprehensive transaction reporting tools that include BIN identification. These reports are exportable in .CSV format, giving merchants detailed insights into their transaction data and enabling better decision-making.
What Does ‘Days in Arrears’ Mean?
“Days in Arrears” refers to the number of days funds are held in the merchant's account before being released. For example, a merchant with one day in arrears processes transactions on Monday, settles them Monday night, and sees funds released on Wednesday. With two days in arrears, the process is extended by an additional day. Once released, funds are transferred via EFT and appear in the destination account within three business days.
Simplify Your Payment Processing with Finvaro
Finvaro Processing is built to empower merchants with flexible payment schedules, robust security measures, and support for a wide range of payment methods. Whether you're operating locally or globally, our platform is designed to help your business thrive. For more information or assistance, visit our support center or contact our team today.