Clearent Overview

Clearent May Have Overcharged You

If you accepted credit cards through Clearent or any other credit card processing company between 2017 and 2019, recent changes to the law may entitle you to refunds of certain debit card and credit card processing errors and overcharges. See this post to find out if your were among the businesses affected and to learn how you can get your money back.

A Proprietary Payment Software Provider

Headquartered in Clayton, Missouri, Clearent is a merchant account provider that offers its own proprietary payment gateway and virtual terminal. Clearent claims to be a direct processor, but TSYS provides the after-hours customer support for Clearent’s credit card processing equipment. Founded in 2005, the company offers services for ISOs, financial institutions, and merchants.

Clearent Acquisitions and Mergers

In January 2017, Clearent acquired Payment Alliance International‘s merchant services division, which was a primarily high risk portfolio focused on firearm merchant accounts. In March 2018, a private equity firm named Advent International acquired Clearent and merged it with an independent software vendor named FieldEdge. In July 2018, Clearent acquired a POS provider for the dry cleaning industry named Compassmax. The Compassmax acquisition shored up Clearent’s offerings for dry cleaning merchants by pairing Compassmax’s software with previously acquired assets from SPOT Business Systems.

Clearent Location and Ownership

Clearent LLC is an MSP of Central Bank of St. Louis, Missouri, and Wells Fargo Bank, N.A., Concord, California. The company is headquartered at 222 South Central Avenue, Suite 700, Clayton, Missouri 63105. Dan Geraty is the president and CEO of Clearent.

Clearent Review Table of Contents

  • Costs & Contract: Clearent offers a three-year contract with an early termination fee of $395.
  • Complaints & Service: Clearent has received more than 15 public complaints.
  • BBB Rating: Clearent has an “A+” rating and has received 18 complaints and 4 reviews in the last 3 years. The company has been accredited by the Better Business Bureau Since 2010.
  • Sales & Marketing: Clearent appears to hire independent sales representatives and has received some merchant complaints about its sales practices.
  • Rates & Fees: How Merchants Got The Best Rates With Clearent
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Products & Services Offered

Types of Businesses Served

  • Retail
  • Mobile
  • E-commerce
  • MOTO
  • Restaurant
  • Lodging

Our unbiased reviews are supported, in part, by helping you find highly rated merchant accounts. You can learn more here.

Clearent Rates, Fees, and Costs

Key Points

Swiped Rate Interchange-Plus
Keyed-in Rate Interchange-Plus
Virtual Terminal Rate 1.00% - 4.99%
Payment Gateway Fee Undisclosed
Regulatory Fee $49.95 Per Account
Annual Fee $29.95 - $59.95
Early Termination Fee $395
PCI Non-Compliance Fee $24.99 Per Month
PCI Compliance Fee None
Equipment Lease Terms Undisclosed

Three-Year Contract

The standard Clearent contract is a 3-year term through TSYS with an early termination fee of $395 per location or the maximum amount allowed by state law, a PCI non-compliance fee of $24.99 per month, an annual fee of $29.95 in the first year and $59.95 thereafter, and an interchange-plus pricing structure.

Virtual Terminal and Payment Gateway Pricing

In addition to its storefront payment processing services, Clearent also dedicates a portion of its website that advertises its virtual terminal and payment gateway. However, pricing for these services is not disclosed. The company’s terms and conditions reflect that merchants can utilize a 3rd party service for an online payment gateway.  Additional rates and fees, including gateway fees, technical support fees, batch fees, and additional transaction rates typically apply to these e-commerce services.

Clearent Cancellation Policy

We have located multiple reports from reliable sources claiming that the Clearent early termination fee is actually $295 if not terminated with 30 days’ notice, but it seems that these terms are the exception rather than the rule. We’ve received more recent reports from company representatives stating that Clearent’s contract can be canceled for free at any time as long as the merchant provides 30 days’ notice. Some reps also state that the company’s annual fee is actually a $49.95 regulatory fee.

Clearent Regulatory Fee

Far from being standard within the industry, “regulatory fees” are only charged when a processor wishes to make its merchants foot the bill for the processor’s mandatory IRS reporting. In almost all cases, the costs of “regulation” for a processor won’t approach $49.95 per account, so merchants should be wary of an “IRS reporting” or “regulatory” fee of any kind. A company rep has stated that Clearent’s regulatory fee can be waived by the company’s agents. Merchants should request the removal of this fee when possible.

Industry-Average Pricing

The company’s three-year contract with automatic renewal and a $49.99 regulatory fee is not competitive with terms offered by the cheapest merchant accounts. If you have any up-to-date knowledge of the standard Clearent contract, please leave that information in the comment section of this review.

Are you happy with your Clearent fees? Tell us about them before your go!

Response from Clearent

Are you a representative of Clearent? Add your voice to this section for free!

Clearent Complaints & Customer Reviews

Key Points

Total Online Complaints 15+
Live Customer Support Yes
Most Common Complaint Fund Holds

Rising Complaint Total

We are currently able to locate more than 15 Clearent negative reviews outside of the BBB, some of which accuse the company of being a ripoff or a scam. Most older Clearent complaints report nondisclosure of the company’s early termination fee and cancellation policy. More recent complaints describe withheld funds and denied applications, likely related to Clearent’s acquisition of Payment Alliance International. As a counterpoint, Clearent is also showing a large number of unverified positive testimonials. These merchants appear to praise the company’s transparent pricing and inexpensive contract terms. Several reviews also contain a misspelling of the Clearent name, instead spelling it “Clearant” with an “a.”

Clearent Lawsuits

In 2015, Clearent was sued in Federal District Court by Eastward Capital Partners for breach of contract. The case was remanded to state court in September of 2015.

Clearent Customer Support Options

Clearent offers its own live phone and email support during business hours, but TSYS provides customer support for payment terminals after hours. This is the bare minimum that we expect of top-rated payment processors for great customer service.

Do you have a complaint or testimonial about Clearent? Make your voice heard before you go!

Response from Clearent

Are you a representative of Clearent? Add your voice to this section for free!

Clearent BBB Rating Summary

Key Points - BBB

Product & Service Complaints 11
Billing & Collection Complaints 7
Advertising & Sales Complaints 0
Guarantee & Warranty Complaints 0
Delivery 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.

Clearent has been an accredited business with the Better Business Bureau since 2010. As of this review, the company has an “A+” rating and has had 18 complaints filed against it in the last 36 months. 7 were related to billing or collection issues and 11 were product or service problems. 5 of the complaints were resolved to the satisfaction of the merchant, while the remaining 13 either were resolved to the merchant’s dissatisfaction or did not receive a final evaluation from the merchant.

What Merchants Say

Clearent has also received 4 negative informal reviews and one positive informal review to its BBB profile. The most recent review describes excessive phone calls:

Beware! Clearent customer service is a nightmare. Clearent issued an incorrect 1099 to a company that didn’t even exist in 2018. What’s worse, is they included a totally different company’s revenue in that 1099. We notified Clearent of the error on January 29, 2019. Over 40 days later, 20+ emails, multiple phone calls, and a load of excuses – they still have not corrected the issue with the IRS. Save your company lots of time and headaches and go with someone else.

To avoid situations such as these, merchants should learn how to shut down sales calls.

A “B” Performance

Given the company’s complaint total and resolution record, we have slightly adjusted the BBB’s rating to a “B.”

How has Clearent treated you? Tell us about it here!

Response from Clearent

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Truth In Marketing & Advertising

Key Points

Employs Independent Resellers Yes
Advertises Deceptive Rates No
Discloses All Important Terms No

Inside/Outside Sales Team

Clearent appears to employ both in-house and independently contracted sales agents to market its services. As a general rule, the use of independent sales agents is usually tied to high complaint rates for a company because these agents tend to receive less training and oversight than W2-employed reps. Clearent appears to be no exception, as we are currently able to locate a handful of merchant complaints alleging nondisclosure or misrepresentation of rates and fees by the company’s agents. If you suspect that Clearent is overcharging you, you can get an in-depth analysis of your rates and fees with a third-party statement audit.

Positive Response to Criticism

One area where Clearent distinguishes itself is in its response to these complaints. Rather than holding merchants accountable for contract terms that they didn’t fully understand at the point of signing, Clearent consistently apologizes for agents’ failure to fully explain contract terms. The company usually attempts to resolve issues to the satisfaction of the merchant. This practice indicates that any negative experiences with Clearent agents are not consistent with the company’s official policy, which has raised the company’s grade in this section.

Did you get what you expected from Clearent? Tell us why, or why not.

Response from Clearent

Are you a representative of Clearent? Add your voice to this section for free!

Clearent Marketing Example

Clearent Logo

Our Opinion of Clearent

A Decent Option for E-Commerce Businesses

Clearent rates as a reliable credit card processor according to our rating system. The company has a low complaint rate for its size and time in business, but its contract terms are slightly less competitive than industry averages. Clearent can improve its overall rating by removing its $49.95 annual regulatory fee and making its cancellation policy more friendly to merchants. Merchants who are considering Clearent are advised to compare its products and pricing to those offered by top-rated virtual terminal providers.

We rely on your feedback about Clearent to keep this review accurate and up-to-date. Please take a minute to tell us about your experience. We and the small business owners of this world thank you!

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.

How I Can Help You

I specialize in helping businesses get refunds of excessive fees and have recovered $1,567,184 this year alone! Submit a recent statement below to find out if you are getting overcharged. I'll take a look at it for free. If I find fees that can be refunded, hire me on contigency. I only get compensated if I put money back into your pocket.

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31 Reviews Leave Your Review for Clearent Below

  1. Karim says:

    This company are very strange..they work on the 1950 application..they have no technology experience they need to stop lying to merchant and employees alike, they processing so slow, you feel that you are dealing we underground fake company I am so surprised they are in business and the feds have not closed them down.

    1. Jan says:

      Clearent just lunched an on line application November 4, 2019. Ask your self this question. How much time do you have to spend with a rep when doing the application portion. Do you have internet for the sales rep? It seems to me, doing a paper application with the merchant is better time management for you and the sales rep.

  2. Juan says:

    Unfortunately, I cannot give less than a star otherwise I would give them a zero!
    My experience with Clearent Payment Processing was highly unprofessional! Adam Wagoner District Manager came to my place of business number of times asking to switch from my current provider to Clearent so I did but before hand he promised/agreed to payout the early termination fee. As time went by he did not follow through with his word so now I’m stuck paying the fee which I find very unprofessional and untrustworthy and secondly he presented a false statement of low pricing for the service I was signing up for which in fact I am paying full price rather than the price I was promised. We contacted headquarters and they we unable to help us with our problem, customer satisfaction isn’t their top priority at Clearent Payment Processing.
    Future reference watch out for Adam Wagoner he is a liar!!

    This post will help: Best Payment Processors for Great Customer Service


  3. Michael Lifsey says:

    Be careful dealing with this company. We used Clearant for our credit card services for a while then switched to another for a lower rate. Clearant, unbeknown to us, continued to deduct its service charges from our account for the better part of a year. When called on this, they ceased and acquiesced to reimburse us for some of the money, but we had to pull it out of them in stages. Finally, when attempting to get the last of our money, they refused saying the account was permanently closed. My advice, find yourself another company for your needs.

    This post will help: Cancelling a Merchant Account Without Paying a Fee


  4. I would not suggest using the services provided by Clearent unless you don’t mind being overcharged and underwhelmed by the quality of service. When I canceled my service they did not cancel the add-on service with e-processing network and they are still charging me two months later and my work schedule prevents me from calling them during their working hours. Not tech support, they are open but they cannot help with anything that you ever need help within my experience. Just avoid them, please…

    From The Editor
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  5. Mary B. says:

    I lost my business, and everything else I sent back my terminal after I let this company know. And they charged me 395.00 for an ETF. I didn’t have a choice in the matter of loosing my business, yet they hit me for 395.00 when I am already down an out. Don’t do business with these guys, since you never know when it might happen to you. With all the other choices on CC machines. Choice one that doesn’t already kick you when you are down.

    From The Editor
    This Post Might Help: Cancelling a Merchant Account Without Paying a Fee

  6. George poe says:

    Was with another company till last month when clearant bought it out. Since then the fees have increased dramatically and now they are holding 7500 dollars and say they have a glitch in the system. Beware, this company seems shady. Charged me a compliance fee the first month even though I was still compliant with payment alliance a

    From The Editor
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  7. Deb Sutphen says:

    Clearent has a 45 day no fault cancellation.
    Yes. It’s a 3 year contract but if for any reason merchant can cancel with a 45 day notice. No fee st all.

  8. Laurie Gross says:

    I used the company that is now Clearent for 10 years for credit card processing at my Antique Store. For most of those years I was very satisfied with the service. Then Clearent purchased the original company.

    Since March I have been attempting to close my account because I found a processor that costs less for my small business. I sent in signed papers per their requirement only to have them say they never received them. They continued charging my account throughout all those months despite repeated phone conversations with account executives assuring me they would refund the bogus charges.

    Finally, they decided to accept my closing paperwork on June 14. They charged me for June service fees, and now I just got a charge dated June, which they say is for May, despite May charges already having been deducted from my account. The amount is double what I have been charged in the past.

    When I called Clearent the customer service person with whom I spoke was rude and challenging.

    I recommend avoiding this company at all costs. You will be sorry when you attempt to sever your relationship. Clearent has not brought a better option to the table.

    Customer Beware!
    Laurie Gross

    From The Editor
    This Post Might Help: Cheapest Merchant Account Providers

  9. Paul Snapp says:

    Actual business practices were not as they were defined by the sales rep. There are multiple companies involved not just Clearent. Transaction charges turned out to be higher than presented. After becoming a customer, sales will not answer phone or return calls. Very difficult engagement and still not right.

    1. Michael H Wilson says:

      Horrible customer service. Rude customer service representatives, one in particular. When I told her I was disappointed with the service I was receiving, she rudely asked if I wanted to cancel my account. When Clearent took over my merchant account, I was inadvertently assigned two different accounts and they have been charging me fees for both accounts. I have asked to speak with someone in management to resolve my issue and no one will return my call. No one is taking the initiative to resolve my issue and are slow to respond with a hollow email follow up. I am currently trying to get my funds back that they took out of my account. I wish I would have read reviews before they took over my account.

      This post will help: Best Merchant Accounts for Great Customer Service


  10. D Jacobs says:

    I would like to know how to cancel Clearent? We have called their “customer service” number numerous times to try and cancel. Notice I put customer service in quotation marks because it sounds like someone working out of their home. They always tell us that in order to cancel we need to send a clearent provided cancellation letter. In order to receive this letter I have to speak to a woman that is magically at lunch or away from her desk. We leave numbers for this fictitious person to call us back and never receive a call back. We’ve been charged BS fees now since last July because this woman has been on lunch since then. Stay away from this company.

    1. Laurie Gross says:

      You have exactly described my experience with attempting to cancel Clearent. Same bogus person, although I finally got her, received the appropriate paperwork, dutifully filled it out and sent it in…only to have them say they never received it. This happened multiple times!

      They have deducted over $100 in service fees since they assured me that my account was closed.

      From The Editor
      This Post Might Help: How to Get Out of a Merchant Account Contract

  11. WOW, I am amazed at how backward this company is. I have an FFL, two auction companies, an antique store and have over a MILLION in sales per year. I can sell guns, I can sell antiques, cars, toys, silver gold, but this goofball company prohibits ANY type of homeopathic sales. I say WHAT? A bottle of Kamboochu is prohibited? I sell FDA approved and am licensed by the Dept of AG, but the NAZI’s will not let me sell ANY of these products. Somehow I think this is beyond pale. I have enough insurance to buy a small country, but NO sales as determined by the overbearing loss control specialists. Thank goodness, I am self-employed. STAY AWAY! Please, run the other direction. I will take my business elsewhere.

  12. John Sterner says:

    Did not help with false fraud claim – had customer’s signature, copy of drivers license, and them on video. Still lost $800. Steer clear of Clearent. They will rip you off!

  13. The company as a whole is a good company. James was assisting me set up my account and was very diligent and helpful. The rates the company has for merchants is also great. However, the underwriters is the downfall of that company. They claimed to be NRA endorsed but the liberal underwriters will not approve you for an account if you carry weapons. I have less lethal grenades & 40mm launchers which are not sold online and only available to Law enforcement. On there for information only. Don’t waste your time with company and the NRA should not endorse them!!!!

  14. Lyubov says:

    Ripoff! Horrible and stressful experience. They will get you into a 3 year contract without telling you. They will charge you $400 if you want to change provider. They will hold your money for months if they “think” that some of your transactions posess a risk for them. The will charge you tons of some compliance and “minimum” fees, which will sum up in hundreds $$ at the end of every month.
    Just avoid! Thee is many much more modern services, like PayPal, Shopify, Stripe, Squere and more. Clearent company doesn’t to fit into a modern commerce world and needs to be gone!

  15. Dena says:

    TSYS is only the support for the Clearent front end (machines are through TSYS). Clearent is a direct processor with a direct relationship with all card brands, At night, support will roll over to TSYS since they provide front end support for Clearent, but during the day support is provided by Clearent unless it’s concerning one of the credit card terminals. Clearent has their own payment gateway and back end, and does NOT resell merchant services for TSYS. Also, the $395 fee is DEFINITELY WAIVED with 45 days’ written notice, and all Clearent asks is that the notice be submitted in writing, and that the merchant continue to process with Clearent during that time.

  16. Tom says:

    I’m a fan of your website, simply because I find your reviews pretty accurate.
    However, I’d like to point out a few items regarding this review.

    Clearent does have an etf, but the merchant can cancel with 45 days written notice to avoid any etf. There is no ‘window’ that the merchant has to cancel in. Most processors have an automatic renewal, simply because there has to some form of agreement between the merchant and the processor. Your advice to merchants is to ask for any etf fee to be waived, whoever they chose as their processor. Having reviewed hundreds of contracts and statements, I have only seen a handful of instances where the processor has waived this fee. Normally the eft fees are $275 and up. I think that a 45 day notice is more than reasonable.

    16.2 Bank or Clearent may terminate this Merchant Agreement, without cause, upon 30 days prior written notice to the other parties. Merchant may terminate this Merchant Agreement, without cause, upon 45 days prior written notice to the other parties

    Secondly, you were not happy with the regulatory fee of $49.95/year. This is the only annual fee and is considerably less than most annual fee’s I encounter. For example, Vantiv has a $99 annual fee and a $50 annual PCI fee. Heartland is also charging a $25/month regulatory fee, which is considerably more than Clearent’s $49.95, but that is not mentioned in your review of Heartland.

    If you’d like, I can send you a copy of a statement showing Heartland’s regulatory fee.

    3.1 Merchant will comply with this Merchant Agreement (including the terms of the Card Acceptance Guide), the Association Rules and all applicable federal, state and local laws, rules and regulations (collectively “Laws”), including but not limited to laws and regulations regarding anti-money laundering compliance, as they may be modified and
    amended from time to time, for submitting and processing Transactions with Bank and Clearent, performing its obligations under this Merchant Agreement, and otherwise conducting its business. In the event of any inconsistency between this Merchant Agreement and the Association Rules, the Association Rules will govern. Merchant shall be charged a fee of $49.95 per year, beginning in the fourth month, for each Merchant account for governmental and Association compliance in support of programs developed by Clearent to ensure compliance with all federal regulations
    as mandated, inclusive of, but not limited to annual income reporting, Tax ID Number (TIN) and legal name matching. Notwithstanding the foregoing, additional fees may be assessed for a non-matching TIN and legal name, and Merchant may be subject to back up withholding as mandated by the Internal Revenue Service (IRS).

  17. Louis Norbeck says:

    I was told I had to pay a $395.00 cancellation fee when the representative who initiated the agreement told me there was no cancellation fee and I could cancel at any time. I disputed the cancellation fee and was told by Mike (Clearent rep) that I would be charged the fee. He could not locate my agreement and was unwilling to comply with my request to cancel without paying a fee. all I WANT IS TO CANCEL MY AGREEMENT WITH CLEARENT as of NOVEMBER 17, 2014 and NOT PAY A CANCELLATION FEE.

    1. Jan Osburn says:

      I am a W-2 Employee of Clearent LLC. You can cancel any Clearent Contract with 45 days notice. You have to continue to process thru the 45 days, or you will receive a minimum fee statement. All you have to do is send Clearent a letter stating you wish to cancel.

  18. JC says:

    This review needs updating. The Agreement clearly states the cancellation policy is $395 UNLESS the merchant provides a 45 day written notice. This policy is in place “with” or “without” cause, meaning the merchant can cancel for any reason with written notice. This is virtual unheard of in this industry. The PCI non-compliance fee is ONLY to encourage the merchant to complete the PCI Compliance Survey which takes less than 10 minutes on-line. Most reps activity assist with this process. The goal is to encourage the merchant to protect himself and his clients by being compliant. Lastly, the $49.95 annual regulatory fee is to provide for IRS reporting and is common practice in this industry. Unlike many competitors this too is clearly stated in the agreement and is also included in proposals when making comparisons. This is generally lower than competitors and the merchant is provided an with the annual report in exchange for this charge.

    1. Hi JC,

      Thank you for bringing this to our attention. Forcing a merchant to provide a 45 day notice to cancel 3-year contract and then obligating them into another year of service if they do not meet this arbitrary condition is not favorable to the merchant. Having “cause” is irrelevant to cancelling a service at the end of a agreed upon term. If this practice is “unheard of,” it’s because most providers don’t do it (we’ve reviewed over 400 providers, so we know this to be true). Most providers that include such a cancellation policy seem to do so because they know merchants will either miss it in the fine print or forget to cancel before 45 days, causing them to miss the window of opportunity. In our view, there is no other valid reason to have such a condition other than making it difficult to cancel service.

      The “annual regulatory fee” you mention is not a common practice in the industry. In fact, it is a way for a provider to profit from filing 1099-K forms for each of it merchant customers. The IRS does not charge fees for this requirement, so it is questionable legally for providers to charge merchants for it. It is also questionable ethically to promote the fee as some sort of “regulatory” fee that the provider is required to pass onto the merchant. It is a “junk” fee in every sense of the word.

      1. Chris says:

        I spoke to Clearent about becoming a sales agent. They told me that as long as the merchant provides a 45 days notice to cancel then there is no early termination fee. If the merchant decides to cancel on day #1 of the 3 year contract as long as it’s a 45 day notice then they will not be charged an early termination fee. This type of information should be verified by the reviewer before publishing the review. This is very rare in the industry and Clearent should win awards for it. Also they don’t charge PCI fees if the merchant is PCI compliant. So when stating they are wrong for charging a regulatory fee you might want to mention they don’t charge PCI fees. Most other processors PCI fees are way more than their regulatory fee anyways!

        1. Chris, there are conflicting accounts from all sides regarding how cancellation is handled. This suggests that there may be a lack of consistency in the way the policies are enforced; however, the review covers the examples we’ve located. It may be rare to see such a policy, but that is because it is arbitrary and confusing to many merchants. The common policy among highly rated providers is that they have month-to-month agreements which can be cancelled anytime, no prior notice required. This type of cancellation policy is far more desirable for merchants.

          It’s stated quite clearly that there is a fee for PCI non-compliance; however, there is an “annual” fee that could easily be interpreted as an PCI compliance fee. Additionally, most other processors do not charge a “regulatory fee.” In fact, I have only seen it in a handful of cases out of the 400+ providers we have thoroughly reviewed.

          1. Ed Burris says:

            How many Clearent sales reps have bought your courses or whatever it’s called? How many of these un-named companies that we seem to never run into that has no contract, no regulatory fee, & no ETF, buy into your product? I’ve worked for an ISO, Heartland and now Clearent over the past 13 years. I’ve only competed against a small handful that did not have a cancellation fee in their contracts. Regulatory fees are a real cost as they do not get completed without a companies employees time and resources. If a company does not have it on a line item, its most likely built into the transactional markups. Now with the mandate from the card brands for all CC processors to have a Merchant Protection Plan (MPP) in place, Non-PCI Fees will become more prevalent. There are a few good Acquirers out here and we all seem to have a contract. Do you have a pre-paid cell phone or a real cell phone account? If you have a cell phone account that requires you be good for the account long term, you will be in a contract, especially if you want good coverage, right? There’s very little difference.

            1. Ed,

              Next time do your homework before you try to attack my credibility. It’s painfully obvious that you don’t know what you are talking about. What course? I don’t offer any courses to agents. There are numerous (ethical) providers that don’t push those bogus fees and contract provisions. If you would have actually done any research, whatsoever, you would have found many of these so called “un-named” companies. Honestly, it is people like you that give this industry a bad name. Cell phone companies go out of their way to make sure that their customers know that they will be under a term agreement. This is often not the case with merchant account providers because they know that mentioning it during a potential sale might cost them a big, fat, slimy earned commission when the merchant backs out of the deal. People like you love to fall back on the old “it’s standard practice in the industry” excuse. Well, guess what? Stealing is standard practice in the mugging industry, but that doesn’t make it right. Does it?

          2. Ed Burris says:

            This is the second time I have written this, the other did not show up on this chain of replies.
            First I will apologize, you do not offer courses. You do offer an “Agent Accredited Program” for a fee. This program seems to ask us to agree to your doctrine for a fee to be promoted in a positive light. I agree with the line items you request each person agree to but the fee to do so seems a little in the gray area. I guess there is nothing wrong with agents wanting to pay for good words spoken of them, it is their money. But it kind of messes up the theory you are only looking out for the “Good Guys”.

            I have been in this industry for 13 years fighting the bad actors most of that time in the field. When I was deciding to leave Heartland, I looked at several companies that I knew have good reputations in the industry. I knew this not by what some no name person said but by what I experienced in the field. Clearents contract is not a secret and if you would like another one sent to you, I can oblige. Contracts are not always bad as you seem to make them. Clearents review you currently post is not based on facts but by what “several sources” have relayed to you and needs updated to reflect the positive changes made since last review and I think a sit down with the CEO or another officer of Clearent would yield you a better understanding of the goals of this wonderful company. Is it perfect, heck no! There is no perfect company. But we are headed in that direction. I cannot speak to the ISO’s of Clearent but the Direct Sales team is striving to make a positive impact in the business community in the US. ISO’s are typically where most if not all complaints arise from, they are independent and do their own thing.
            I would love to have a conversation with you by phone about these things. I bet we agree on much more than we disagree.
            Disclosure: I want nothing from you in the way of endorsement, favor or referrals. I will not pay a fee for these items. My desire is to allow my company, Clearent the ability to make a case for itself based on merit and reality, nothing more and nothing less. Wouldn’t you want the same thing for your company?

            1. Ed, these comments don’t go up until they are moderated internally. We’re not publishing your other two responses since it looks like you re-wrote them into this one.

              My response may have seemed a little harsh but if you attack me by trying to put my credibility into question, you better be ready to defend your claims with actual evidence and facts. Not with half-baked and unsubstantiated conjecture. Where in the world do you get that signing up for CPO’s Accreditation Program is agreeing to a “doctrine for a fee to be promoted in a positive light”? It’s about agreeing to sell and market merchant services ethically and with full transparency, which is literally what the page and agreement states. You and I both know that Interchange-plus is the only way to get full transparency with processing fees. Sure, there are fringe cases where providers manipulate a tiered-pricing scheme to make it more affordable than Interchange-plus, but it’s not transparent and not even remotely common among all merchant accounts.

              Again you attempt to put my credibility into question by implying that the fee for the accreditation program “messes up the theory you are only looking out for the “Good Guys.” How? Do you think running the accreditation program costs me nothing in my own time and resources? Don’t you think people who are wiling to put some skin in the game by paying the fee are more likely to honor their promise? In general, people do not value what they receive for free. The small fee for the accreditation provides that value and covers the costs of the program.

              You you don’t believe our review of Clearent is accurate, email [email protected] to request information on how request updates. However, if you want to make philosophical pleas on how Early Termination Fees, tiered pricing, PCI fees, etc, are good for a business owner, it is unlikely that you see any changes in our content.

  19. ryan says:

    The ETF is 395 but if the merchant provides a 45 day written notice, then the fee is waived. I feel like this is a very fair way to handle business. Also, the PCI fee is 15$ until they complete the questionair and after its complete there is no fee charged to the merchant for pci. They do have annual regulatory product fee of 49.95 that is either charged to the merchant or can be picked up by the agent. The annual fee is optional and up to the agent or iso discretion.

  20. Tony says:

    You need to update this post. They have no more PCI fees. It’s not mandatory. We all know its profit driven.

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