Question on Merchant Accounts

Glenn Moore
yesterday
Joined Nov, 2012 80 posts

I only have one property and some time ago… maybe 2013 I set up a payment method so that I could accept credit cards.  At the time I set up Sage payments.   I guess at the same time there was a merchant account set up for this process using Cornerstone? which has now morphed into Paya.

About six months ago was instructed that Sage was going away and I needed to set up a new payment account and I chose Lynnbrook group.  I simply followed what the OR staff guided me to do.  That all seems fine, and I have had a few bookings that have gone through Lynnbrook and they have gone well.   I was given no instructions on the Cornerstone account by anyone during this switch and am assuming that Lynnbrook needs Cornerstone to keep operating.  Is this correct?

But I have noticed no activity on my Cornerstone account for the last half yer and am also noticing larger monthly charges on the Cornerstone/Paya account (ie. 29.99 last month for “WEB REPORTS/ALERTS BUSINESS COACH+”) and I did not even have any volume moving though it.  So it looks like nothing is going though Cornerstone now?  But I am getting hit with larger and larger monthly fixed fees...

My question is:  How do the payments work… specifically Lynnbrook Group.  Do I need Lynnbrook AND Cornerstone or should I be closing down my cornerstone account?   I don’t know how the payment accounts work.

 

Glenn