CreditCardProcessing.com is a reseller of iPayment, one of the largest direct processors in the country. This merchant services provider offers attentive customer service, lower-than-average equipment pricing and favorable terms.
Low fees and rates were just one of the key areas we looked at when examining merchant card services. Another important area was the transparency and consistency of a merchant account service. CreditCardProcessing.com lacks transparent pricing information as it doesn't provide any information about fees and rates on the company website.
However, when we contacted this company multiple times via email and over the phone as prospective merchants, the information that the company's account representatives provided to us was consistent, earning it a score of 67% for transparency and consistency.
If you need processing equipment, CreditCardProcessing.com offers one of the lowest prices among the companies on our list for an EMV-compliant terminal. You can purchase equipment outright from this company, which can save you money over the long term. If you prefer to sign a contract in exchange for free equipment, a one-year contract that rolls over to month-to-month service is available.
The interchange-plus rates from CreditCardProcessing.com are among the highest in our review at 0.30% + $0.10 above interchange. This company also offers tiered pricing, which may be beneficial if you accept a high volume or regular debit cards.
CreditCardProcessing.com charges fees standard to this industry. Its monthly fee is lower than average, at $7.95, and its monthly minimum is average, at $25. It annual PCI-compliance fee, at $119, is higher than the others on our lineup. If you fail to establish your PCI compliance, you're charged $30 per month until you get compliant, and if you have a customer contest a charge, resulting in a chargeback, it costs $25 per incident.
If you need a payment gateway, for instance, you want to accept credit cards online or you want a virtual terminal, the monthly gateway fee is $7.95 per month. The payment gateway is Authorize.net and there's no setup fee.
To apply for an account with this merchant services company, you fill out an online application and submit your documents electronically, which means there's very little paperwork to worry about. Like any service, carefully read all three documents included in the contract (the application, terms of service and the program guide).
CreditCardProcessing.com doesn't require you to sign a long-term contract and provides its services on a month-to-month basis. Account setup takes about a day after the company receives your application, which is faster than average. After you start processing, transactions take one to two business days to clear the account and be deposited in your business bank account, which is on a par with industry averages.
Customer service from CreditCardProcessing.com is above average, and you're assigned a dedicated support representative. Our experience with these agents was pleasant; they provided attentive service and knowledgeable answers, earning the company full marks on our customer support score. You can reach support over the phone 24/7.
CreditCardProcessing.com has low equipment costs, lower-than-average monthly fees and doesn't require you to sign a long–term contract. It doesn't post its pricing online, and its interchange-plus rate is among the highest in our review, but we received consistent pricing quotes from its agents.
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