Anovia Payments Overview
Note: The Anovia Payments website redirects visitors to Sphere. Anovia Payments no longer is in business following its consolidation into Sphere. This review reflects all data from the time of our last update in January of 2020. This review will no longer be updated.
Founded by a Former SignaPay Executive
Anovia Payments is an Irving, Texas-based merchant account provider with operations in North America and Europe. Founded in July 2013 by the former president and vice president of sales at SignaPay, Anovia relies on TSYS Merchant Solutions for its processing networks in the U.S. and First Data for its processing network in Canada. It is able to provide both U.S.-based merchant accounts and Canadian merchant accounts.
Based in Texas
Anovia Payments is headquartered at 600 Las Colinas Blvd., Suite 1200, Irving, Texas 75039, and the company is a registered ISO/MSP of Merrick Bank, South Jordan, Utah. Kevin Jones is the president, co-founder, and CEO of Anovia.
Anovia Payments Review Table of Contents
- Costs & Contract: Anovia Payments appears to offer a three-year contract with an early termination fee of $495 or more.
- Complaints & Service: Anovia Payments has received more than 70 public complaints.
- BBB Rating: Anovia Payments has an “A+” rating and has received 29 complaints and 23 reviews in the past three years. The company has been accredited by the Better Business Bureau since 2014.
- Sales & Marketing: Anovia Payments does not hire independent sales agents and has received a low-to-moderate number of complaints about its sales practices.
- Rates & Fees: How Merchants Got The Best Rates With Anovia Payments
Products & Services Offered
- Debit and credit card processing
- Gift and loyalty programs
- Electronic check conversion
- E-commerce solutions
- Proprietary back office management system (Virtual Office)
Types of Businesses Served
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Anovia Payments Rates, Fees, and Costs
|Swiped Rate||2.50% + $0.20 or 2.69% + $0.19|
|Keyed-in Rate||3.50% + $0.20 or 3.69% + $0.19|
|Early Termination Fee||$295 or $495|
|PCI Compliance Fee||$19.95 Per Month or $75.20 Per Month|
|Equipment Lease Terms||48 Month (locked)|
Anovia does not list its pricing and fees on its website, but we have been able to determine some of the company’s costs by reading merchant complaints. Anovia’s partnerships with TSYS and First Data mean that Anovia Payments likely offers contract terms that are very similar to the terms offered by those companies.
Typical contracts with First Data offer a wide variety of contract terms and pricing plans, but its standard agreement is typically a multiyear contract with an early termination fee of $495, a monthly PCI compliance fee of $19.95, and tiered pricing. Merchants who process up to $50,000 each month will receive a swiped rate of 2.69% plus $0.19 and a keyed in rate of 3.69% plus $0.19. Merchants whose monthly charges exceed $50,000 will receive a swiped rate of 2.29% plus $0.19 and a keyed in rate of 3.29% plus $0.19. Another facet of these contracts are non-cancellable, long term equipment leases through First Data Global Leasing.
TSYS website outlines three pricing plans. The “Pursue” plan listed a swipe rate of 2.5% plus $0.20 per transaction and a keyed rate of 3.5% plus $0.20 per transaction. The “Grow” plan listed a swipe rate of 1.99% plus $0.20 per transaction and a keyed rate of 3.1% plus $0.20 per transaction. The “Accelerate” plan listed a swipe rate of 1.7% plus $0.20 per transaction and a keyed rate of 3% plus $0.20 per transaction.
TSYS Merchant Solutions’ basic contracts also include a three-year service agreement that automatically renews for one-year terms unless the merchant cancels during a small window of opportunity. Merchants who cancel outside of the grace period will be subject to a $295 Early Termination Fee (ETF). This, with an automatically renewing contract, greatly reduces the company’s rating in this section as it makes avoiding paying an early termination fee difficult. In addition, merchants are charged a quarterly PCI compliance fee of $18.80 ($75.20 a year).
Other Anovia Fees
Recent complaints indicate that the company’s minimum early termination fee is $495, but that some merchants who terminate may face an additional cost calculated by multiplying the number of months remaining in the contract by the merchant’s average monthly processing fees. One complainant cited a $22 monthly service fee and a $30 monthly fee for a service called “Anovia Insights.” Merchants also mention issues with fund withholding, which may be related to account setup errors.
Pricier Than the Competition
Our reviews of Anovia’s backend processors describe those companies’ contract terms as average, and the merchant feedback we’ve received about Anovia confirms that the company is not a cheap merchant account provider. We will therefore assign Anovia a “D” rating in this section at this time. If you have any knowledge about the standard Anovia contract, please leave that information in the comment section of this review.Are you happy with your Anovia Payments fees? Tell us about them before your go!
Anovia Payments Complaints & Customer Reviews
|Total Online Complaints||70+|
|Live Customer Support||Yes|
|Most Common Complaint||Excessive Fees|
More Than 70 Complaints
We are able to locate more than 70 Anovia Payments complaints on this and other consumer protection websites, and some of these complaints accuse the company of being a scam or a ripoff. Complainants mention a wide range of different issues, including internal problems among employees, inaccurate pricing quotes, undisclosed contract terms, costly one-time and recurring fees, unreachable customer service, and unexplained fund holds.
Anovia Payments Lawsuits
We have not found any outstanding class-action lawsuits or FTC complaints filed against Anovia Payments. Dissatisfied merchants who wish to pursue a non-litigious course of action against the company should consider reporting it to the relevant supervisory organizations.
Anovia Payments Customer Support Options
The Anovia website lists a phone number for general customer support and an email form for non-urgent issues. Given Anovia’s complaint volume and the content of the complaints, we will assign it a “C” in this category at this time.
Anovia Payments BBB Rating Summary
Key Points - BBB
|Product & Service Complaints||19|
|Billing & Collection Complaints||9|
|Advertising & Sales Complaints||1|
|Guarantee & Warranty Complaints||0|
Note: We have adjusted this company’s BBB rating according to our own standards. To better understand why we adjust BBB ratings, please see our Rating Criteria.
Nearly 30 Complaints
Anovia Payments currently has an “A+” rating with the Better Business Bureau and has been accredited since June 2014. The company has received 29 total complaints, with 9 related to billing and collection, 19 due to product or service issues, and 1 related to advertising or sales issues. Anovia has successfully resolved 8 of the complaints, while the remaining 21 were answered but have not received a final response from the merchant.
What Merchants Say
Anovia Payments has also received 23 informal reviews from BBB users, with 17 of them negative and 6 are positive in tone. The most recent negative informal review describes paying an expensive early termination fee and still being charged for a delinquent account:
How is BBB still giving this an A+ Rating? I am an 80% Disabled Veteran and own a small construction business just to help make ends meet. What was Anovia is now Sphere. My company signed up through a friend who was doing ACN and we paid a nominal fee of like $15-$30 a month for fees. We switched our business model to commercial therefore we were no longer taking credit card transactions. They tried to charge us some absurd rate (I think $500). My office manager settled with them and paid something like $300 just to be done with it. Next thing I know, I have a $1,850 delinquent account on my PERSONAL CREDIT REPORT! I have disputed the charge, but haven’t heard back whether this is going to come off my credit report or not. They face that I’ve had to spend so much time and effort is absurd.
Early termination fees can cost merchants hundreds, if not thousands of dollars. Merchants in situations such as this would benefit from learning how to cancel their accounts without paying a fee.
A “C” Performance Overall
In light of the company’s increased complaint volume and resolution ratio over the past year, we have adjusted the BBB’s rating to a “C.”
Truth In Marketing & Advertising
|Employs Independent Resellers||Yes|
|Advertises Deceptive Rates||No|
|Discloses All Important Terms||No|
In-House Sales Team
Anovia Payments primarily hires in-house, W2-employed sales representatives to market its services directly. While this is preferable to the industry standard of hiring independently contracted agents, it is worth noting that Anovia has recently partnered with a telecommunications company called ACN to refer merchants.
Partnered With ACN
Although ACN has received numerous negative reviews online, an Anovia representative has stated that ACN sales reps do not have the ability to offer specific pricing or product recommendations to merchants. In addition, merchants interact with Anovia for the entire sales process, and ACN representatives are not involved directly with merchants. Anovia also has a referral program in place that allows business owners to make residuals by referring other merchants to Anovia.
Broken Sales Promises
This sales structure is designed to prevent merchants from experiencing deceptive practices when dealing with Anovia Payments. However, we have located a low-to-moderate number of negative Anovia Payments reviews describing issues with the account setup process and rate guarantees from Anovia reps. It seems that some Anovia reps promise to beat or match merchants’ current rates, but some merchants dispute whether this guarantee is fulfilled. Other complaints mention nondisclosure of the company’s contract length and expensive termination fee. If you suspect that you are paying an undisclosed fee from Anovia, we recommend that you obtain a fee reduction audit from an independent third party.
Mixed Merchant Feedback
All told, the number of complaints we’ve received since this review’s initial publication raises some concerns about Anovia’s sales approach. This has forced us to lower the company’s score in this section to a “C.”
About Phillip Parker
Thank you for reading my review. I hope that it has helped you with your research.
Why I'm Qualified to Write About Credit Card Processing and Merchant Account Services
I'm a former credit card processing sales director who left the industry because I didn't like how it takes advantage of small business owners. It feeds like a leech on businesses and thrives by imposing fees that are nearly impossible to comprehend. Seeing a need for change, I left and built this website help business owners better understand the industry, research merchant services providers, and get refunds of excessive merchant account fees. My experience of working "behind the curtain" in the industry, and using that knowledge for good, has resulted in millions of dollars returned to hard-working small business owners as well as enterprise-level companies.
From the time that I starting working in the merchant services industry to when I left to create this website, I've been on the pulse of payments for nearly 15 years. It didn't seem fair to keep this "insider" knowledge to myself. To lift the fog, I've reviewed hundreds of companies, read thousands of user reviews, and learned the pricing tricks of every provider. If you have questions about credit card processing, you can find the answers on this website.