Woodforest Acceptance Solutions

Woodforest Acceptance Solutions is named on the Woodforest website as the provider of its merchant acquiring solutions. The provider is a limited liability company based in The Woodlands, Texas, and a wholly owned subsidiary of Woodforest National Bank. Its role is that of a bank-owned acquiring subsidiary and registered ISO-MSP, not that of a bank.

Services

The listed services are merchant acquiring, POS and online payments. The company offers payment acceptance online and at physical points of sale, and Delta1st, a POS with integrated software and card processing for small and medium-sized businesses. A merchant that wants one product for the counter and the back office can look at an integrated POS, while an online seller can ask about web acceptance.

Structure

Because the acquirer is a subsidiary of a bank and a registered ISO-MSP, the merchant contract is signed with the subsidiary rather than with the bank. Merchants should confirm which entity is the contracting party and who settles funds.

What to confirm

Pricing, settlement times, supported card networks and onboarding documents are not given in the published description. A small business should request a written quote that separates processing charges from terminal or software charges.