Card Payment Solutions Review (South Carolina)

Category Breakdown
Sales & Marketing rated A
Costs & Contract rated B
Complaints & Service rated B
BBB Rating rated A

Overall Rating

A minus Credit Card Processor Rating


This review is for the South Carolina (formerly, Madison, Indiana) company called Card Payment Solutions ( If you are looking for the Santa Barbara, California-based company, see the CardPayment Solutions (California) review.

Card Payment Solutions (CPS) is a small to mid-size merchant account provider that began operations in 1999. The company is a sales organization that acts as a reseller for several direct processors including Global Payments, First Data, and TSYS. Although CPS is a reseller, it handles the customer service of its accounts directly. CPS is sponsored by the HSBC Bank, National Association, Buffalo, New York as its acquiring bank, and Dan Christopher is listed as the president of Card Payment Solutions.

Card Payment Solutions Products and Services Industries Served
  • Debit and credit card processing
  • ACH processing
  • Check conversion
  • Free terminal reprogramming
  • Online payment gateway and virtual terminal
  • POS equipment
  • Retail
  • Mobile
  • E-commerce
  • MOTO
  • Restaurant
  • Lodging

Related: Find The Best Processor For Your Business Type

Sales & Marketing | A

Key Points – Sales & Marketing
Uses independent resellers? Yes
Promotes deceptive rate quotes? No
Discloses all important terms? No

Card Payment Solutions appears to rely heavily on recruiting outside independent resellers to market and sell its merchant services. Generally, this practice results in numerous merchant complaints because providers cannot control the sales and marketing tactics of the resellers. As of this update, however, CPS is not suffering from the typical complaints associated with the practice, which may indicate that it has favorable sales policies that do not allow price gouging. Therefore, the company’s use of resellers will not negatively affect its score unless evidence surfaces to the contrary.

Related: Find The Best Providers By Processor Type

Costs & Contract | B

Key Points – Costs & Contract Terms
Swiped rate: Variable
Keyed-in rate: Variable
Termination fee: Liquidated Damages
PCI compliance fee: Variable
Equipment lease: Variable

Pricing of CPS merchant accounts appears to vary depending on a merchant’s business type, processing volume and the agent setting up the account. An agent of the company stated that CPS has a standard service agreement of 36 months with one-year automatically renewing extensions at the end of each term. Merchants who wish to cancel service must notify the company within 60 days of the expiration of the contract. Additionally, merchants may suffer a Liquidated Damages early termination fee for cancelling service while under contract. The agent also stated that these terms are negotiable.

Normally, the use of a Liquidated Damages clause and automatically renewing contract would result in an “F” rating in this section for a provider. However, CPS is not suffering from the types of complaints usually associated with the practice. This may be an indication that CPS rarely enforces the policy and that it usually comes to a mutually agreeable resolution during a dispute. In any case, merchants are encouraged to fully read and understand the terms of the agreement before signing any documents, and to insist on the removal of any Liquidated Damages clauses when possible (see: “Fee Sweep”).

If you have suffered a Liquidated Damages early termination penalty with Card Payment Solutions, please let us know in the comment section below.

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Complaints & Service | B

Key Points – Complaints & Service
Total complaints: <10
Live customer support: Yes
Most common complaint: N/A

Since CPS shares a very similar name with another merchant account provider, it is very difficult to differentiate between the complaints filed online against the two companies. Based on our research, it appears the majority of complaints filed are regarding the California-based company and not the Indiana/South Carolina-based Card Payment Solutions covered in this review.

Most of the complaints against this company report high or unexpected monthly fees, unexpected cancellation fees, and difficulty getting problems resolved. These scattered complaints do not seem to indicate any consistent, widespread problems with the way Card Payment Solutions operates. However, it does not appear that merchants who encountered these issues were able to resolve them in a timely fashion. As always, merchants are cautioned to fully understand the terms of their merchant account agreement before signing.

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BBB Report | A*

Key Points – BBB Report
Product/service: 0
Billing/collection: 1
Advertising/sales: 0
Guarantee/warranty: 0
Delivery: 1

As of this update, the Better Business Bureau is reporting that CPS has been accredited since 2011 and is awarding the company an “A+” rating. The BBB is showing two complaints filed in the last 36 months, with one related to billing or collection and the other due to a delivery issue. For some unknown reason, the BBB does not currently show the outcomes of these complaints. However, since it is our belief that “A+” ratings should be reserved for companies with zero complaints, we have slightly adjusted the BBB’s grade to an “A.”

* Denotes CPO-adjusted BBB score

Related: Best Processors For E-Commerce

Bottom Line

Card Payment Solutions

Rated 4 out of 5 Stars
Reviewed by Phillip Parker
Reviewed on 2015-06-02

Card Payment Solutions of South Carolina seems to be a promising company in that it has very few complaints in comparison to other companies of similar size and time in business. The company can improve its rating by offering month-to-month contracts with no cancellation fees.

This review was originally published on 10/21/10 and was last updated on 6/1/15.

Leave your review of Card Payment Solutions in the comment section below:

Hi, I’m Phillip and I’m disgusted by the state of credit card processing in the U.S. and abroad. I believe that the industry has been overrun by people who engage in fraud and deception in order to steal money from hard working business owners. I’ve made it my mission to expose the companies and individuals who engage in predatory marketing, pricing, and contracts, or just provide terrible service. Along with uncovering the bad guys, I’ve also discovered the good guys who do stand out from the status quo. CPO is a website where you will find ratings and reviews of these companies along with advice on how to save money and which service providers consider. Together we can move the industry in a positive direction. If you would like to help support my work, please checkout “Fee Sweep” my eGuide to getting the lowest possible fees when accepting card payments. If you haven’t heard of “interchange” this advice will save you hundreds, even thousands, in processing fees.

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2 Reviews Leave Your Review Below

  1. Received an offer from this company last year – business partner set up merchant processing with them. They started charging a service fee twice each month…one for our corporate name and the other for our dba name. Once we finally got the bank to place a stop payment on the debit they stopped one charge, hit us with a $300 cancellation fee and are continuing to charge the $69.95 one time a month. They have processed no cards and done nothing for us except charge a lot of money.

    I cannot get the company to respond. Went to the bank again yesterday and are attempting a stop payment again.

    Any advice as to who to contact? What can I do short of closing my account and opening a new one?

    Thanks, Diane

    1. go to your bank and tell them you want to initiate a fraud claim. as i understand it, if the charges were not specified in a contract, the processor has no right to debit those charges. i used the words fraud claim when talking to the processor and it seemed to carry some weight.

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