Paymill Review


Overall Rating Breakdown
Sales & Marketing Tactics
Costs & Contract Terms
Complaints & Service

Paymill Overall Rating

"A+" Credit Card Processor Rating
Last Updated: February 3, 2014
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Paymill Overview

Paymill Logo

Paymill Logo

Paymill (paymill.com) is a European online merchant account provider similar to the U.S. company Stripe. The company serves merchants and online businesses in 25 European countries; however, it does not offer services in the U.S. or Canada. Launched in 2012, Paymill primarily caters to small e-commerce businesses, offering secure, fixed-price credit card processing via the web. The company also allows merchants to accept payments in 100 currencies, and as of this update, Paymill clients may take advantage of a newly launched automated invoicing service. Paymill is owned by Paymill GmbH in Munich, Germany.

Paymill Sales & Marketing Tactics | A+

Paymill appears to primarily market itself through its website and traditional advertising. There is currently no evidence that the company employs independent sales agents, and we are unable to locate any negative Paymill reviews that accuse its sales staff of unethical behavior. Additionally, the company does not appear to engage in deceptive advertising strategies in its official materials.

Paymill Costs & Contract Terms | A+

The standard Paymill merchant agreement appears to be an automatically renewing 12-month term with no monthly costs or recurring fees. The company does not appear to charge an early termination fee or PCI Compliance fees, but it does advertise a chargeback fee of 18.75€. The Paymill website promotes a standard rate of 2.95% plus 0.28€ on all transactions, but an asterisk points the reader to a disclosure that this price is an average value for small traders across all countries. It does not seem as if this rate quote is misleading, and we are unable to locate any complaints that mention dissatisfaction with Paymill’s contract terms at this time.

Paymill Complaints & Service | A+

We are currently unable to locate any Paymill complaints that accuse the company of being a scam or a ripoff. In fact, the only available reviews of Paymill appear to be positive testimonials praising the service’s easy integration and helpful customer support. The company’s website provides contact information for a dedicated support email address and a phone line, and these channels of communication appear to do a more-than-adequate job of resolving merchant issues.

Paymill BBB Report | N/A

As of this review, Paymill is not an accredited business with the Better Business Bureau (BBB), nor does it have a current BBB rating. This is due to its location in Europe. We will not factor a BBB score into the company’s overall rating.

Bottom Line

Paymill rates as a reliable merchant services provider according to our rating system. The company is showing zero online complaints and appears to offer transparent, competitive contract terms. Paymill’s focus on easy software integration also offers an added value that merchants may find appealing. Even when dealing with highly rated payment processors, merchants are advised to read all contract terms with great care.

Leave your review of Paymill in the comment section below:


Paymill Review

Rated 5 Out of 5 Stars
Reviewed by Phillip Parker
Reviewed on 2014-02-03 10:47:40

UPDATED: Feb 3, 2014 – We are currently unable to locate any Paymill complaints that accuse the company of being a scam or a ripoff… Paymill (paymill.com) rates as a reliable merchant services provider according to our rating system. The company is showing zero online complaints and… Learn more in this Paymill review.

 

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About the author

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.



 
Phillip can help you find an ethical and honest processor that will offer you great rates. Click here to request a free provider consultation.

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