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Phillip Parker

Phillip Parker is a former merchant services agent turned small business advocate and the author of "Fee Sweep," which teaches merchants how to dramatically lower their processing rates, eliminate junk fees, and avoid fine-print scams. He founded CardPaymentOptions.com to help merchants enact positive change in the credit card processing industry.


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Permanent link to this article: http://www.cardpaymentoptions.com/credit-card-processors/allied-wallet/

1 comment

  1. Keith Woolley

    Hi,

    I read your article with interest.

    For the past month I have been applying to open a merchant account with the UK arm of Allied Wallet.

    Terms were agreed, rates were agree and paperwork signed and returned. I have apparently been dealing with both the UK I have been dealing with a Steve Wilson Managing Director, Allied Wallet Europe and Lewis ClarkUK & European Business Development Manager, Allied Wallet Europe – so both of them should know their jobs?

    This isn’t a new application – we have been communicating for a month, and all business information has been supplied to Allied Wallet and their Risk Assessment team.

    We agreed a card processing fee of 2.9 percent plus a 30p per transaction fee.

    Forms were signed and returned to Allied Wallet.

    Even as of yesterday, I was promised that the account would be live by 4pm.

    Then today was the “bombshell”. I was asked – “Did you sign the termsheet with the new rate of 7% + £0.30p on?

    Well no – I signed the terms sheet with 2.9 percent on plus 30p

    This new term sheet had never been sent to me.

    I am now presented with a take it or leave it?

    Have any other members been held to ransom by Allied Wallet just before their website was to go live?

    Did you find this review helpful? Yes   No

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