Veritrans Merchant Services Review


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

Veritrans Merchant Services


Last Updated: February 4, 2014
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Veritrans Merchant Services Overview

Veritrans Merchant Services Logo

Veritrans Merchant Services Logo

Veritrans Merchant Services (veritransllc.com) is a payment processing and merchant account provider headquartered in Houston, Texas. Founded in 2001, Veritrans offers credit, debit, and gift card processing, recurring billing, check processing, mobile payment solutions, online payment gateways, virtual terminals, phone payment processing, and more. The company also offers point-of-sale devices, processing equipment, high risk merchant accounts, PCI compliance, and specialized solutions for retail merchants and restaurants. Veritrans is a registered ISO/MSP of Wells Fargo Bank in Walnut Creek, California, and is located at 1301 Regents Park, Suite 207, Houston, Texas 77058.

Veritrans Sales & Marketing Tactics | A+

It is unclear at this time whether Veritrans employs an in-house sales team or partners with ISOs, resellers, and independent agents to market its services. As a general rule, the use of independent sales entities can result in increased complaints about a company, since this kind of sales force is difficult to train and regulate. We are currently unable to locate any negative Veritrans reviews that accuse the company’s sales staff of unethical conduct, and the company does not appear to engage in deceptive advertising strategies in its official materials. We are therefore awarding it an “A+” in this category.

Veritrans Costs & Contract Terms | A

There is very little information available about the standard Veritrans contract at this time. The company is likely a reseller of a much larger processor like First Data, but its website does not clearly disclose which processor it uses. We are currently unable to locate any Veritrans merchant complaints that mention high rates, undisclosed early termination fees or PCI Compliance fees, or lengthy contract terms, but according to a comment posted online by a company rep, the company does package equipment leases with some of its contracts. The overall lack of specific complaints about the company’s contract inclines us to award it an “A” in this category, but merchants are still encouraged to carefully read all terms included in their agreements. If you have any specific knowledge of the standard Veritrans contract, please leave that information in the comment section of this review.

Veritrans Complaints & Service | A+

We are currently unable to locate any Veritrans complaints that describe the company as a ripoff or a scam. In fact, the company has zero publicly posted complaints across all consumer protection websites. This is an impressive complaint volume for a company that has been in business since 2001, and it indicates that the company provides reliable customer support that effectively resolves merchant complaints in-house. The Veritrans website lists dedicated phone support lines, but it is possible that the company outsources its customer support to a larger processor.

Veritrans BBB Report | A+

Veritrans Merchant Services is an accredited business with the Better Business Bureau (BBB). As of this review, the company holds an “A+” rating with the BBB and has had zero complaints filed against it in the last 36 months. Since it is our philosophy that “A+” ratings should be reserved for companies with zero complaints, we agree with the BBB’s rating in this case.

Bottom Line

Veritrans Merchant Services rates as a reliable credit card processor according to our rating criteria. Although little specific information is available about its hiring practices and contract terms, the company is showing zero complaints across all consumer protection websites. Even when dealing with highly rated merchant account providers, merchants are advised to strongly negotiate all contract terms and examine the details of their contracts carefully.

Leave your review of Veritrans Merchant Services in the comment section below:


Veritrans Merchant Services Review

Rated 4.875 Out of 5 Stars
Reviewed by Phillip Parker
Reviewed on 2014-02-04 13:21:52

UPDATED: Feb 4, 2014 – We are currently unable to locate any Veritrans complaints that describe the company as a ripoff or a scam… Veritrans Merchant Services (veritransllc.com) rates as a reliable credit card processor according to our rating criteria… Learn more in this Veritrans 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.



 
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