Category: Credit Card Processors

Of 2Checkout’s negative reviews, many appear to have originated from people that did not understand, or take the time to understand, the company’s fees and services. Of the valid complaints, the two common types are of 2Checkout (2checkout.com, 2CO.com) holding a merchant’s funds or cancelling a merchant’s account, both of which are likely due to the merchant engaging in a business with a high risk of fraud or Chargebacks. Learn more in this 2Checkout review…

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American Express Merchant Services (merchant.americanexpress.com‎) has relatively few complaints for its size and time in business. Most are due to Chargebacks that American Express settled in a consumer’s favor despite the merchant arguing that the customer authorized the transaction. There are also a few complaints about the high processing rate and that the fee is not refunded to the merchant even if the merchant refunded the customer. Learn more in this American Express review.

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For Vantiv’s (vantiv.com) size and time in business, the company appears to be performing at an average level in terms of overall merchant satisfaction. Most of the available Vantiv negative reviews are due to the company’s extensive use of sub-ISOs, resellers and subsidiaries… Learn more in this Vantiv Review.

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iPayment (ipaymentinc.com) has a moderate-to-high number of negative reviews filed online, many of which can be found in the comment section of this review. Some of these complaints refer to the company as a scam or a ripoff. There are two types of complaints that dominate the reports in which… Learn more in this iPayment review.

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The amount of ProPay negative reviews on various consumer protection forums is lower than expected, although some of these complaints accuse the company of being a ripoff or a scam… ProPay’s (propay.com) similarities with a traditional merchant account include the ability to swipe credit cards at the point of sale, which can result in a lower processing fee, as well as… Learn more in this ProPay review.

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We have located a handful of negative NSA Financial Bankcard Services reviews, one of which accuses the company of being a fraud and a scam. NSA Financial Bankcard Services (nsafbs.com) rates as an average merchant account provider due to reports of its high termination fees and… Learn more in this NSA Financial Bankcard Services review.

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PayPal (paypal.com) has over 100 million users and, as one could imagine, there are thousands of PayPal reviews that describe the company as a scam or a ripoff. The two most common that come from actual merchants are complaints of… Learn more in this PayPal review.

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There are over 70 negative PayPal Here reviews, many of which are in the comment section of this review… PayPal Here handles its merchant processing limits and fund holding procedures in a very similar fashion to Square. Also like Square, the service’s processing limit does not apply to swiped transactions, of which the exact processing limits and reserve procedures are ambiguous and based on “risk” factors… Learn more in this PayPal Here review.

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The majority of TSYS negative reviews can be traced back to the partner or subsidiary that sold and managed the merchant account. There are only a handful of complaints that appear to be a direct result of a TSYS Merchant Solutions (tsysmerchantsolutions.com) action or policy… Learn more in this TSYS review.

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We are unable to locate any Braintree reviews that accuse the company of being a scam or a ripoff. In fact, the company is showing only a handful of merchant complaints… Braintree Payment Solutions (braintreepayments.com) scores well as a merchant account provider in this review due to its… Learn more in this Braintree Payment Solutions review.

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