Article by Chris Costi, Last update at April 15, 2019
Sonder Payments is a new payment processing company that started its business in January 2018. They boast 1000 partners with over 3000 integrations and 70+ business verticals and offer one of the most transparent pricing in this industry. With a set price of true cost plus $0.08 per transaction you will know exactly how much your costs will be at the end of the month. Their backend technology processes over 40 billion transactions annually and you can subscribe via Virtual Terminal, Shopping Cart, EMV Terminal, Mobile Processing or Third-Party Integrations with clearly set features for you to choose from. Sonder Payments is geared for all types of business, big or small with easy access and tools to help you manage your business transactions. With your subscription you will also have access to Analytical Dashboard and Tools for easy accounting and tax purposes. Sonder Payments is PCI compliant and has security as one of their top priorities.
There are two packages offered with all types of subscriptions, the one is $99 per month and the Enterprise subscription which is $199 per month and there are no statement or annual fees to pay. Transactions are charged at the direct interchange fees that the credit card companies charge plus $0.08 cents per transaction up to $1MM annually. Sonder Payments have no contracts and also promise next day funding with money being transferred into your bank account within 24 hours.
True transparency in their pricing makes Sonder Payments the exception to the rule of most payment processing customers that charge a percentage on each transaction making your monthly payment unaffordable and unpredictable. There are no confusing surcharges to worry about and once you have paid your monthly subscription you will not have to worry about any other yearly or monthly charges. The only thing you will pay for is your monthly subscription plus 8 cents per transaction over and above the charges that the credit card companies charge.
No matter how you subscribe through Virtual Terminal, Shopping Cart subscription, EMV Terminal Subscription, Mobile Processing Subscription or Third-Party Integrations, Sonder Payments have two packages one for small to medium sized business and one for enterprises with multi store locations. Set payment are considered to be a huge plus and work out to be a lot cheaper than tiered pricing that other payment processors charge. Sonder Payments offers true transparency when it comes to pricing and you will know exactly how much you will pay upfront with any additional monthly or yearly charges.
Sonder Payments was founded by a team of entrepreneurs who have focused their attention on small business owners and their struggle to keep up with high costs in payment processing. Their down to earth approach makes them a good choice for small to medium-sized companies in all industries. Taking out a subscription with Sonder Payments means peace of mind when it comes to payments and access to analytics and technology is offered for easy reconciliation of all the payments received. The other big plus is the promise of ‘next day funding’ which means that you will not have to wait for days for the funds to be transferred to your bank account.
If you subscribe to the Enterprise solution, you will get extra features like a free Sonder Platform, risk monitoring, Chargeback Protection, and Assistance and a dedicated Success Manager. This with the 24/7 technical support that Sonder Payments offers is enough to get you started on their up to date payment processing platform. With the Shopping Cart subscription, you will have access to the analytics dashboard and tools as well as the aforementioned for the Enterprise subscription. The same features and tools are offered for EMV Terminal Subscriptions and Mobile Processing subscriptions. For third-party integrations, you will be offered the standard access to analytical tools with the standard subscription and free Sonder platform, risk monitoring and a dedicated success manager with the enterprise solution.
Transactions are unlimited and as a member, you will only be charged the set tariff as indicated in the pricing section above. With other companies the more transactions you process the higher the cost, Sonder Payments keeps your costs down by keeping their prices standard regardless of revenue.
Sonder Payments is still not listed on the Best Business Bureau BBB as it is a new company and has yet to receive positive or negative reviews. This company is set to make a difference in the payment processing field with its fair charges and transparent pricing. With over 1000 partners and 3000 + integrations, Sonder Payments can be set up easily and quickly and you can be processing online payments in less than 24 hours.
With Sonder Payments, you can receive payments from all major credit and debit cards as well as EMV Terminal for contactless payments. Mobile Processing through smartphones and tablets are also possible with the ease that Sonder Payments can integrate with most business apps. Their customer service and technical support are available online and telephonically 24/7 even on public holidays and weekends for your peace of mind.