Overview
VeritasPay is a company in the Philippines that provides acquiring and payment services. It is built for businesses taking money from Filipino customers.
What acquiring is and why it matters Acquiring is the service that lets a seller accept cashless payments: the provider processes the customer's payment, checks it and settles the funds to the business account. Without such a partner a shop or service can only work with cash or direct transfers, which is awkward for both the customer and accounting.
Payment services usually sit on top of acquiring, such as online checkout on a website, acceptance at a point of sale and reporting tools.
Coverage The company operates in the Philippine market. For foreign projects reaching a Filipino audience, a local provider helps because it knows local payment habits and regulatory requirements.
What to clarify when onboarding The exact set of payment methods, fees, settlement times and merchant requirements are not published. Before applying, prepare: - a description of your product and target audience; - expected monthly volume and average ticket; - the list of payment methods you need.
This makes the pricing discussion faster.
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