Corduro
Corduro is a U.S.-based payment solutions provider offering a comprehensive Payments-as-a-Service (PaaS) platform designed to streamline payment processing for businesses of all sizes. With a mobile-first approach, Corduro supports a variety of payment channels, including mobile, online, and point-of-sale (POS) terminals, catering to diverse business needs.
Key Features of Corduro’s Payment Gateway
Comprehensive Payment Processing
Corduro’s gateway enables businesses to accept a wide range of payment methods, including credit cards, debit cards, and electronic checks. This flexibility ensures that merchants can cater to their customers’ preferred payment options, enhancing the overall transaction experience.
Advanced Data Management
The platform provides a robust data warehouse that acts as a system of record for all transactions, business processes, and member information. Features include data mapping, bi-directional data synchronization, and comprehensive analytics, allowing businesses to gain valuable insights and maintain accurate records.
Seamless Integration
Corduro offers seamless integration with existing back-office infrastructures. Data exports are available in various formats such as XML, CSV, PDF, and more. Dynamic data updates can be facilitated via web services, SFTP, FTP, email, and other methods upon request, ensuring compatibility with diverse systems.
Robust Security Measures
Security is a cornerstone of Corduro’s gateway. The platform includes features like admin and user role management, access logging, automatic lockouts, and support for LDAP or OAUTH authentication. These measures ensure that sensitive payment information is protected against unauthorized access.
Detailed Reporting
Businesses can access comprehensive reports for payments and other business solutions. The platform supports electronic distribution of reports and offers custom reporting options upon request, enabling merchants to monitor and analyze their financial activities effectively.
Developer-Friendly Tools
Corduro provides a suite of developer tools, including customizable, PCI-compliant payment forms that can be embedded into websites. These tools facilitate easy integration and management of payment processes, reducing the complexity of compliance and enhancing the developer experience.
Pricing Structure
Corduro offers a straightforward pricing model for its gateway services:
- Monthly Fee: $20
- Transaction Fee: $0.20 per transaction
- No merchant account fees
- No pass-through charges
- No interchange fees.
This transparent pricing structure allows businesses to manage their payment processing costs effectively.
Ideal Use Cases
Corduro’s payment gateway is versatile and can be tailored to various business types, including:
- Retail and Liquor Stores: Facilitating quick and secure transactions.
- Non-Profit Organizations: Managing donations and fundraising events.
- Professional Services and Repair Shops: Handling client payments efficiently.
- Healthcare Providers: Processing patient payments securely.
- Educational Institutions and Alumni Associations: Managing tuition and donation payments.
- Sports and Leisure Businesses: Handling membership and event payments.
Conclusion
Corduro’s payment gateway stands out for its comprehensive features, robust security, and developer-friendly tools, making it a viable option for businesses seeking an efficient and secure payment processing solution.
Frequently Asked Questions (FAQs)
What is Corduro and which businesses does it serve?
Corduro Processing, Inc. is a payment service provider established in 2008 and headquartered in the United States. The company targets SMB and mid-market merchants across various industries, including retail, healthcare, education, non-profit, professional services, and eating and drinking places.
What regions are supported by Corduro?
Corduro currently focuses its services on North America, specifically supporting merchants located in the United States of America.
What are the standard fees and pricing for Corduro?
The provider charges a monthly fee of $20.00 and a listed transaction fee of $0.20 per transaction. There is no setup fee required to establish a merchant account.
Which payment methods can merchants accept via Corduro?
Merchants can accept a wide range of payment types, including credit and debit cards, ACH transfers (eChecks), digital wallets, and gift or prepaid cards. Supported card schemes and networks include American Express, Discover, Mastercard, Visa, and PayPal.
Does Corduro support omni-channel payment processing?
Yes, Corduro supports multiple acceptance channels including In-Store (POS) for physical locations, Online (Web) for e-commerce, and MOTO / Virtual Terminal for mail and telephone orders. The platform also supports contactless payments.
Is the Corduro platform PCI compliant?
Yes, Corduro maintains compliance with PCI DSS standards to ensure payment security. Additionally, the platform utilizes tokenization to further protect sensitive transaction data.
Does Corduro offer tools for recurring billing?
Yes, the platform includes capabilities for recurring billing and subscription management. It also provides invoicing and billing tools, as well as support for one-click payments and saved cards.
What integration options are available for developers?
Corduro offers a Web Services API for developers who wish to integrate payment functionality into their applications. The API accessibility is classified as quasi-public.
What customer support options does Corduro provide?
Corduro offers 24/7 customer support to its merchants. Assistance is available through both email and phone support channels.
Does Corduro offer loyalty program features?
Yes, in addition to standard payment processing, Corduro provides loyalty program integration capabilities to help merchants engage their customers.