WePay Review 2021: Features, Pricing, Top Alternatives – NerdWallet

WePay is a payment service provider (PSP) lauded for its ease of use, but some reviewers also complain of funding holds and poor customer service.

As a PSP, it provides merchants with the ability to accept electronic payments, but isn’t technically a merchant acquirer. The difference between a payment service provider like WePay and a traditional merchant acquirer is that PSPs group all their merchants into one large merchant account, whereas merchant acquirers give all their merchants individual merchant accounts.

There’s also a key difference between WePay and fellow PSPs Square, Stripe and PayPal: the markets they service.

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