How Do Zevoy Benefits Card Payments Work for Merchants?
Zevoy Benefits cards offer a seamless payment experience for merchants by functioning like standard Visa card transactions. Merchants can accept payments without any additional requirements or specific processes associated with Zevoy Benefits. Below, we address frequently asked questions regarding how Zevoy Benefits card payments are handled and settled from the merchant’s perspective.
Overview of Zevoy Benefits Card Transactions
Payment Processing: Zevoy Benefits cards operate as standard Visa payment cards. Merchants receive payments alongside other Visa transactions without additional processes or requirements. However, the merchant must be part of the Benefits network and provide the merchant ID and payment terminal information in advance.
No Zevoy-Specific Fees: From the merchant’s perspective, there are no additional commissions, fees, or costs tied to Zevoy Benefits payments beyond the standard transaction rates imposed by the merchant's own payment provider or acquirer.
Viewing Payments
No Merchant Portal: Zevoy does not offer a dedicated merchant portal or account for viewing or reconciling Benefits card payments. Merchants must rely on their existing payment processing platforms to track transactions.
Bank Statements: Zevoy Benefits transactions do not have a unique identifier or payer name. They appear as standard Visa transactions on the bank statement, with no Zevoy branding or special notation.
Key Takeaways
Zevoy Benefits card payments are indistinguishable from standard Visa card transactions in terms of processing and settlement.
Merchants are not charged Zevoy-specific fees and do not require any special tools or portals to accept and track these payments.
Payments settle according to standard schedules defined by the merchant’s acquirer or payment provider.
By adhering to standard Visa practices, Zevoy Benefits cards ensure a straightforward and hassle-free transaction process for merchants. Please note that Benefits cards can only be used with payment terminals of merchants who are part of Zevoy’s Benefits network.