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What is Velocity?

Velocity is a payment-processing platform enabling developers and merchants to accept payments in their apps or websites. Our services include full stack options that include a merchant account or simply just payment gateway services leveraging our technologies for simple access.

What is Velocity’s relationship with IP Commerce?

North American Bancard (NAB) acquired a perpetual software license from IP Commerce for their gateway switching platform at the end of 2016, following IP Commerce’s announcement to discontinue providing such services. This software is the core engine driving Velocity. Since the acquisition, the Velocity team has continued to expand the software capabilities adding more service providers and value added services to support its greater software community.

Who can use Velocity?

Velocity services all kinds of players within the payments industry, our partners include Merchants to ISVs (Integrated Solution Vendors) to Dealers and Agents. We cover major industry segments including Retail and Restaurants, MOTO, eCommere, Multi-Solution and Mobile.

What kind of payments can I accept with Velocity?

We work with various payments methods including Credit, Debit, EBT, EMV, Stored Value Accounts including Gift and Loyalty processing, Checking and ACH. We support all the major brands through our stack, including Visa, MasterCard, American Express, Discover, JCB, and Diner’s Club as well as Private Label Cards.

How long does it take to get a merchant enrolled through Velocity?

Merchants generally are approved same day for processing. In some cases, we’ll need to gather some additional information before you can start processing. In that event, we will get in touch with you same day to get all the necessary information to get you going.

How soon will I see my funds after a process with Velocity?

Generally transactions are deposited into your bank account in 2 business days. If your merchant account is eligible for enrolling for next day funding, we deposit your funds within the next day.

Do you offer portability of data and tokens?

Yes, the data is yours. That is how confident we are about our services. In the event you do want to port your customer data with you, there will be amicable costs to cover securely processing that request that you will incur.