Advanced Credit Systems Overall Rating
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Advanced Credit Systems – About Average.
Advanced Credit Systems (ACS) is a small, privately owned merchant services distributor located in Sarasota, Florida. The company specializes in providing merchant accounts and payment gateways through National Payment Processing, Elavon and Authorize.net. Additionally, the company sells web development services and credit card processing hardware (credit card terminals and POS equipment).
Overall, I found Advanced Credit Systems to be an upstanding business with no history of complaints. The quoted rates and pricing seem very competitive and they have partnered with service providers that meet the required merchant account regulations established by the credit card processing industry. My only word of advice to a potential client of this company would be to ask for full disclosure of the Mid-Qualified and Non-Qualified rate tiers since there is no mention of them in online quotes or the merchant account applications that are available for download.
Better Business Bureau Status
- BBB Accredited since 7/13/2006
- BBB Rating: A+
- 0 Complaints (36 Month Reporting Period)
VISA ISO Registration Status
Advanced Credit Systems does not appear to be a registered ISO with Visa, but does supply services of registered ISOs.
MasterCard MSP Status
Advanced Credit Systems does not appear to be a registered MSP with MasterCard, but does supply services of registered MSPs
PCI DSS Compliance Status
Advanced Credit Systems is not on the PCI DSS Compliant list, but does supply services of PCI DSS compliant providers.
Customer Satisfaction Ratings and Complaints
Advanced Credit Systems appears to have no complaints posted in any of the major consumer reporting websites. Overall, the company has a clean record and long history of operation.
Fees & Rates
Advanced Credit Systems quotes tiered “bucket” rate merchant account rate pricing on the company website. There is no mention of Interchange-plus rate pricing.
- Merchant Account Setup Fee: $125
- Merchant Account and Authorize.net Gateway Setup Fee: $149.95
Card Present Merchant Account (Retail Merchant Account)
- Qualified Rate: 1.75% + $0.25/transaction
- Mid-Qualified Rate: Undisclosed
- Non-Qualified Rate: Undisclosed
- American Express Rate: 3.25%+.30/transaction
- Discover Rate: 1.68% + $0.25%/transaction
- Statement Fee: $10/mo.
- Monthly Minimum: $0
Card Not Present Merchant Account (Internet, Mail Order, Phone Order Account)
- Qualified Rate: 2.25% + $0.30/transaction
- Mid-Qualified Rate: Undisclosed
- Non-Qualified Rate: Undisclosed
- American Express Rate: 3.25%+.30/transaction
- Discover Rate: 2.25% + $0.25/transaction
- Statement Fee: $10/mo.
- Monthly Minimum: $0
Other Fees
- Voice Authorization Fee: 2.25% and $0.74 per capture
- Chargeback Fee: $35/ea.
- AVS Fee: $0.10/ea.
- Batch Settlement Fee: $0.23/ea.
Key Information
Registered Owner: Christine V. Philips
Employees: 3 (estimated)
Years in Business: 17
Incorporated: November 2000
Additional DBA Names: CVP Merchant Services
Location & Contact
Advanced Credit Systems
4200 Castle Bridge Lane, Suite 1925
Sarasota, FL. 34238
1-800-814-3163
Fax: 941-925-444
Featured Provider:
Merchant Warehouse (866) 460-5538
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