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Upsilon Payments Update

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Upsilon Payments’ users may be aware of an issue related to a delay in business funding of deposits that has affected many of our Mathnasium franchisees’ accounts. In addition to funding delays, some of our franchise owners had their accounts debited for their monthly transaction fees prior to those funds being credited to them. We understand that many of you are upset and caught off guard by these funding delays.

We are holding Upsilon to a high level of accountability and have been working with their team to make sure this issue is resolved as a priority to avoid any further disruption to your payments being funded. While Upsilon currently remains a preferred payment vendor for our network, we are disappointed in these recent occurrences and the frustration that it has caused many of you. We are actively evaluating all options for a new billing integration program that will be tied to Radius and will continue to hold Upsilon to a high level of accountability. If you were affected by this issue and Upsilon has not already been in communication with you to resolve the situation, please let us know immediately.

Also, if you have questions about these issues, you may reach out to the Upsilon Support team or Ray Trigony directly. They can be reached at support@upsilonpayments.com [2] or Ray directly at ray.trigony@upsilonpayments.com [3], or call Upsilon Support at (312) 239-0433 or Ray directly at (731) 213-4703. Thank you.

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2 Comments (Open | Close)

2 Comments To "Upsilon Payments Update"

#1 Comment By Mike Mulvey On May 10, 2018 @ 6:04 pm

As I understand it, this was due to BaseCommerce dropping the ball and out of Ray Trigony’s control. I was probably one of the first to contact Ray and he stepped in and did what he could to redress things – I have full confidence in Upsilon and will probably accept their offer to switch to a new card processor.

#2 Comment By AG On May 11, 2018 @ 6:46 am

I am reluctant to switch as the current provider goes to bat for the merchant when there is a chargeback whereas the new provider sides with the customer in any dispute. Please read Ray’s full disclosure before making a switch.