Note: As of 2022, the Best Merchant Rates website appears to be down. As the company has such a generic name, it is difficult to determine whether it is still in business or not. If you have any information one way or another, please let us know in the comments below.
Shared Ownership with Payment Depot
Best Merchant Rates is a merchant account provider that has been in operation since 2005. The company is a First Data (now Fiserv) reseller that, according to Crunchbase and other sources, shares an owner (Danny Choi) and an address with Payment Depot, although it does not mention Payment Depot in its official materials. This may indicate that the 2 companies are partnered or possibly even the same entity, but we are unable to verify their exact relationship at this time.
Best Merchant Rates Payment Processing
BMR offers debit and credit card processing to, as it claims, over 10,000 businesses. It offers gateways and EMV terminals, and it also claims to be able to serve high-risk business types. Best Merchant Rates claims to be founded by a small business owner as a reaction to hidden fees in the credit card processing industry. As a result, the company presents itself as both an educational resource for merchants and a trustworthy alternative to other providers.
Best Merchant Rates Location & Ownership
The company is a registered ISO of Wells Fargo Bank, N.A., Concord, California, and is headquartered at 238 West Chapman Avenue, Suite #201, Orange, California 92866 with a second location listed at 1342 Bell Ave Ste 3C Tustin, CA 92780-6440. Danny Choi is listed as a founder of Best Merchant Rates.
Best Merchant Rates Review Table of Contents
- Costs & Contract: Best Merchant Rates advertises a month-to-month contract through First Data with no early termination fee.
- Complaints & Service: Best Merchant Rates has received fewer than 10 public complaints.
- BBB Rating: Best Merchant Rates has an “A+” rating and has received 0 complaints and 0 reviews in the past 3 years. The company has been accredited by the Better Business Bureau since 2008.
- Sales & Marketing: Best Merchant Rates does not appear to hire independent sales representatives and has not received any complaints about its sales practices.
3 Responses
I have tried to cancel my account with you guys for more than the last 6 months.
My Merchant Accunt # is 5121 7812-0304637
I have called many times, I have already returned my equipment also.
I am being charge for the last year over $131.00 a month, and I no acctivity on my account.
Yet you bill me!!!
I like to get a refund for this, and have the account canceled!!!
ASAP.
The next time I will fill a small claims case with my local Cistte couurt and report this to the
Depart of Commerce in Minnesota.
Please responded and cancel this account Immedialy.
Yes this company is so much a lie and RIP off I’ve never had any issues with my other catd companies signed up to them because they make it sound so good but now they’re risk department stuck they’re Jose where it dont belong and has cost me alot of money so will be getting rid of them asap this place sucks dont reccomend to anyone
Why does there home page try showing that it’s only 39$ Per month? Doesn’t sound very forthcoming