Every processor.
Graded on evidence.

Trust Payments

Platform / Acquirer

B-

Trust Payments is a UK payments group that both runs a payment gateway and acquires card payments itself. It grew out of Secure Trading, an online card-payments firm that was operating by 1998. In May 2019 an investor group coordinated by CORDET Capital Partners bought the Secure Trading companies and moved them under a new holding company, and the brand became Trust Payments in 2020. Its acquiring licence sits with Trust Payments (Malta) Limited, which the Malta Financial Services Authority has authorised since June 2012, including for acquiring card transactions, and which the company says is a principal member of Visa and Mastercard. In the UK, TrustUK Payments Ltd is an FCA-authorised payment institution (firm reference 932557). It sells online payments, card terminals, Tap to Pay on Android and iPhone, card payouts, retail software through its Trust Retail arm, and revenue-based financing through YouLend. It openly courts higher-risk sectors such as gaming, crypto, forex and medical cannabis. As of October 2026 it publishes no processing rates or monthly fees: every account is priced in a quote, and a merchant can be asked for a rolling or fixed reserve, sized by risk, with funds held for at least 120 days from when they are added. Trustpilot reviews are mostly positive, with a minority of one-star reviews about reversed payments, chargeback losses and slow email support.

MultiSafepay

Platform / Acquirer

B-

MultiSafepay is an Amsterdam payment service provider for European small and mid-size businesses. It is licensed by De Nederlandsche Bank (DNB) as a payment institution, is authorised to acquire payment transactions, and says it acts as acquirer and processor for Visa, Mastercard and Bancontact. Merchants sign directly with MultiSafepay B.V. One contract covers online payments, in-person terminals and about 40 payment methods, including iDEAL | Wero, Bancontact, cards, Apple Pay, Google Pay, PayPal, Klarna, in3 and Riverty. It does not publish rates. As of October 2026 its pricing pages for the Netherlands, Belgium, Spain and Italy all ask you to request a quote. They say you pay per successful transaction with no set setup or monthly fee. Payouts reach Dutch and Belgian bank accounts in one business day by default, and other countries in three to five. The company dates its business to 1999, when founder Olaf Geurs set up MultiPay, although its own timeline gives 2005 as the year MultiSafepay was founded. It has been a wholly-owned subsidiary of Ant International, the owner of Antom, since 1 July 2024. The general terms run for an indefinite period, and you can end them at any time. However, they let MultiSafepay set up a security deposit whenever it chooses and keep it for up to 12 months after you leave. In 2016 DNB fined MultiSafepay EUR 50,000 over its compliance function. DNB also placed a curator at the firm from November 2016 to June 2017.

Fat Zebra

Payfac / Aggregator

B-

Fat Zebra is a Sydney online payments company that sells two things: a payment gateway you can plug into your existing bank merchant facility, and an all-in-one service where Fat Zebra provides the acquiring itself. For the second, it is a registered payment facilitator for Visa and Mastercard through Checkout.com Australia and NAB, a third-party processor for Fiserv's Australian acquiring business, and the acquirer of record for eftpos Direct and UnionPay transactions. It started in 2012 and is led by founder and CEO Pred Dragila. Five V Capital took a significant minority stake in February 2024, and Fat Zebra calls itself Australian-owned and independent. It has since bought Adatree, Pin Payments and SecurePay. As of October 2026 the gateway-only plan is listed from $250 a month plus $0.30 per transaction, with a $27.50 chargeback fee and other add-ons published. All-in-one processing rates are quoted per business, and the pricing page warns that minimum monthly fees may apply. From 1 October 2026, when card surcharging ended in Australia, Fat Zebra switched surcharging off for every card type it processes, Amex included. Customers named on its site include PayPal, Zip, MYOB, Sportsbet, RACQ and Aussie Broadband. Independent merchant reviews are almost nonexistent, Fat Zebra does not appear on ASIC's register of financial services licensees, and we found no lawsuit or regulatory action naming the company.

Pricing clarity

3.0

Feature set

4.0

Ease of use

3.5

Zeffy

Payfac / Aggregator

B

Zeffy (called Simplyk until April 2022) is a Montreal-based fundraising platform for nonprofits. It runs donation forms, event ticketing, raffles, auctions, memberships, online stores, a donor CRM and a Tap to Pay phone app. It charges the nonprofit nothing: no platform fee, no card fee and no subscription, and the organisation receives 100% of each gift. Zeffy pays the card processing costs itself and earns its money from an optional contribution, or tip, that donors are asked to add at checkout. That tip is pre-selected. In our October 2026 test on a live US form, a $50 gift came with a 17% ($8.50) contribution already chosen, and a $500 gift with 11% ($54.95). Donors can lower it or set it to zero through an 'Other' option, but the nonprofit cannot change the suggested amounts. Payments run on Stripe: each organisation gets its own Stripe connected account under Zeffy's platform. Payouts go out weekly on Mondays by default. Zeffy is open only to nonprofits and eligible public-benefit organisations, and this review covers its US (USD) and Canadian (CAD) offer. Donor reviews are strongly positive, but the most persistent complaint is donors who did not notice the pre-selected tip.

Moyasar

Payfac / Aggregator

B-

Moyasar is a Riyadh payment company that lets Saudi businesses take online payments by mada, Visa, Mastercard, American Express, UnionPay, Apple Pay, Google Pay, Samsung Pay, STC Pay and SADAD bills. Moyasar Financial Company was incorporated in 2015 and is licensed by the Saudi Central Bank (SAMA). It serves Saudi businesses only, and you need a Saudi commercial registration or freelance licence and a Saudi bank account to sign up. Pricing is not published: as of October 2026 its homepage, FAQ and product pages send you to its sales team for rates. Its own terms do set some fees. A chargeback in certain cases costs SAR 200, VAT is charged on top of its fees, and Moyasar may charge extra for an early payout. Funds settle twice a week, on Mondays and Thursdays, by default, and the terms allow up to seven working days. The developer tools are strong. You get a sandbox you can open without talking to sales, clear API docs, mobile SDKs, a WooCommerce plugin, recurring card and Apple Pay billing, split payments for platforms and a payouts API. Moyasar says it serves more than 16,000 businesses. Independent merchant reviews are scarce, so its reputation is hard to judge from outside.

Clearly Payments

ISO

B

Clearly Payments is a Vancouver merchant services company founded in 2018 that sells merchant accounts, terminals, a payment gateway and related tools to businesses in Canada and, since January 2023, the United States. It is a registered ISO of the Canadian branch of U.S. Bank National Association, the bank behind Elavon, so the merchant account sits with an acquiring bank rather than an aggregator. Its pricing is more open than most ISOs: as of October 2026 it publishes interchange-plus markups by annual volume, from 0.38% + $0.08 down to 0.15% + $0.04 in person and 0.48% + $0.23 down to 0.23% + $0.12 online or keyed, for businesses selling $150,000 to $10 million a year on cards. Canadian businesses can instead pay a monthly membership, from $99 plus 8 cents a transaction, with no percentage markup. Interchange is passed through on top of both. It advertises no locked-in contract and no cancellation fee, and next-day funding for most industries. The gaps: no published tier below $150,000 a year, terminal rental prices are quote-only, the pricing pages do not state currency or sales tax, the merchant services agreement is not public, and there are very few independent customer reviews.

Payrexx

Payfac / Aggregator

B-

Payrexx is a Swiss payment service provider based in Thun, built for small and mid-size businesses in Switzerland and a handful of European countries. Merchants sign one contract with Payrexx and can take cards, TWINT, PostFinance Pay, wallets, Klarna and other methods online, by payment link, by QR code and in person. As of October 2026 the Swiss price list has three plans: Free at CHF 0, Standard at CHF 19 and Premium at CHF 49 a month on a one-year term, excluding VAT, with discounts for two- and three-year terms. Domestic Visa and Mastercard payments online cost 2.50% + CHF 0.30 on Free, 1.65% + CHF 0.18 on Standard and 1.35% + CHF 0.18 on Premium. Business cards and cards from other regions cost 3.40% + CHF 0.18. Payrexx also works as a gateway for 25 or more outside processors such as PayPal, Stripe and Worldline, for a surcharge of 0.25% to 1% on top of that processor's own fees. Payrexx is not a bank; it is supervised for anti-money-laundering purposes as a member of VQF, a FINMA-recognised self-regulatory organisation. It has applied for an EU payment institution licence through a Liechtenstein subsidiary. Plans renew automatically for the same term unless cancelled in writing 30 days before expiry. New accounts wait 8 days for online funds, and Trustpilot reviews are few and mostly negative.

PAY.

Payfac / Aggregator

B

PAY. (pay.nl) is a Dutch payment service provider run by TinTel B.V., based in Enschede. It is licensed by De Nederlandsche Bank (DNB) as a payment institution, and it says it became a principal member of Visa and Mastercard in October 2021. Merchants sign their agreement directly with PAY., and customer funds pass through its own escrow foundation before payout. As of October 2026 it publishes a full price list in euros, excluding VAT. Professional costs €35 a month and Business €89 a month. On Professional, EU consumer cards online cost €0.15 + 1.50%, and iDEAL | Wero costs €0.19 per payment. A Pioneer option drops the monthly fee and contract but adds €0.05 and 0.25% to every transaction. The platform covers more than 50 payment methods, in-store terminals, SoftPOS and more than 90 integrations, and accepts companies from most EU and EEA countries. The paid plans are less flexible than the price list suggests: a one-year initial term that renews indefinitely, three months' notice to leave, a minimum-billing clause if volume drops, and published fines for compliance breaches.

Instamojo

POS & Business Software

C+

Instamojo is a Bengaluru company, founded in 2012, that sells online stores, landing pages and payment links to small Indian businesses, with payments built in. As of October 2026 its pricing page lists 2% + ₹3 per payment by UPI, Indian cards, netbanking, wallets and pay later, and 3% + ₹3 on corporate cards, with 18% GST charged on top of the fee. The free store and landing-page plans charge 5% + ₹3, and digital goods cost more. Money reaches your bank three business days after the sale unless you pay extra for faster payouts. Instamojo used to run its own payment aggregation business, but on 27 September 2023 the Reserve Bank of India returned its application for an aggregator licence, and RBI's own list, dated 1 October 2026, still shows it that way. The company says it moved merchants' payment accounts to licensed aggregators, with fresh KYC. Merchants told the press their payouts were stuck for weeks during the switch. Its Trustpilot page is dominated by one-star reviews about delayed payouts, KYC and unanswered support. Instamojo is a cheap, simple way for a very small Indian seller to start taking payments, but choose it for the store software, and get written answers on who holds your money before relying on it.