Founded in 1989, Payzone UK Limited (Payzone) is based in Lostock Gralam, Northwich. Payzone is a consumer payments acceptance network that specializes in providing payment solutions for small and midsized businesses. Payzone is a payment solutions broker not a merchant account bank. Instead, it works with third-party merchant account acquirers to negotiate lower rates for customers.
Payzone also offers payment gateways, virtual terminals, and a variety of technology, including online portals and PDQ machines. It offers a range of card machines that accept all major credit and debit cards in 17 different currencies. Its card machines also accept contactless and Apple Pay payments up to the value of £30. Payzone also offers a payment gateway, virtual terminal and eInvoicing, which also merchants to send customers invoices via email. Other features include fraud screening and developer support.
Since all Payzone online features come with Application Programming Interface (API) support, which allows you to develop solutions for your business. Businesses are able to integrate Payzone’s payment gateway into their own apps and services and fully personalize their pages.
In addition, customers can integrate checkout pages into 52 supported shopping carts. Users also can use any of the payment gateway’s 19 compatible-free shopping cart modules.
Currently, approximately 15,000 businesses in retail and non-retail sectors throughout the UK use their services, generating more than £1.2 billion each year.
In 2016, Payzone was acquired by Grovepoint Capital and several other individuals, including Clive Kahn, the former chief executive of Cardsave.