The Truth About Credit Card Payment Services: Full Review

Located in Alberta, Canada, Credit Card Payment Services is a merchant account provider that specializes in serving high-risk business types. Credit Card Payment Services does not disclose whether it is a reseller of a larger credit card processing company, and it may in fact be more of a referral service than a full-featured merchant services provider.

Payment Processing

Credit Card Payment Services processes all major debit and credit cards for high-risk businesses.

ACH and e-Check Processing

ACH (Automated Clearing House) and e-Check processing offer businesses a secure and efficient way to handle electronic payments directly from customers’ bank accounts. These methods are valuable for recurring payments, such as subscriptions or bill payments, as they provide a reliable and cost-effective alternative to credit card transactions. ACH and e-Check processing reduce the need for paper checks, speeding up transaction times and lowering processing costs.

e-Commerce Solutions

e-Commerce solutions are for businesses in the online marketplace. These solutions encompass a wide range of tools and platforms that enable businesses to set up and manage online stores, process digital payments, and handle customer orders with ease.

MOTO (Mail Order/Telephone Order) Payments

MOTO payments are designed for businesses that process transactions without the customer being physically present, typically through mail or telephone orders. This payment method is useful for industries where face-to-face interaction is not feasible, such as catalog sales or over-the-phone services. MOTO payments allow businesses to securely accept credit card information remotely, with the necessary safeguards in place to protect against fraud.

No Complaints Found

We were unable to find any negative Credit Card Payment Services reviews, suggesting a clean track record for the company. Given its status as a small merchant account provider and primarily a referral agent for larger banks, clients likely receive customer support through these partner banks. Consequently, any complaints would likely be directed towards them rather than Credit Card Payment Services. However, there is no evidence to support this hypothesis. If you have personal experiences with Credit Card Payment Services, please share your review with us in the comments below.

Credit Card Payment Services Legal Status

As of our search, there are no ongoing class-action lawsuits or FTC complaints against Credit Card Payment Services. However, it’s important to note that due to its generic name, finding lawsuits against the company can be challenging. Dissatisfied clients seeking alternative resolutions are encouraged to report their concerns to relevant supervisory organizations.

Credit Card Payment Services Customer Support

Merchants researching Credit Card Payment Services should be aware that the company’s generic name may yield reports about unrelated entities. While Credit Card Payment Services provides a customer support phone number on its website, it’s uncertain whether this line caters to active accounts placed with its banking partners. As such, its support channels fall short of qualifying it as a top-rated merchant account provider for customer service.

PaymentPop Rating for Credit Card Payment Services

Negative Feedback

There are no negative reviews published about Credit Card Payment Services on the PaymentPop website.

Positive Feedback

Credit Card Payment Services made it easy to get started and even easier to manage day to day. The pricing is fair, the system is dependable, and we always know what to expect on our statements. It’s a solid, no nonsense solution that works.

No BBB Profile Available

The Better Business Bureau does not maintain a profile for Credit Card Payment Services at this time. We therefore will not factor a BBB rating into this review.

Variable Pricing

Credit Card Payment Services does not disclose its standard contract terms publicly, directing clients instead to BMO Harris Bank and Wells Fargo for merchant services. Consequently, the terms and conditions of agreements are expected to mirror those of BMO Harris Bank and Wells Fargo’s standard contracts. Nevertheless, pricing is subject to adjustment based on the specific needs and characteristics of each client’s business.

High-Risk Business Expectations

Catering primarily to high-risk businesses, especially those in e-commerce or international commerce, Credit Card Payment Services acknowledges that such businesses often incur higher rates and fees. According to its website, transaction rates for clients range from 1.5% to 6%, with high-risk enterprises likely facing rates at the upper end of this spectrum. As such, high-risk businesses should anticipate rates that may not align with the industry’s most affordable merchant accounts.

No Contract Complaints

The absence of complaints regarding excessive fees or unjust policies suggests client contentment with Credit Card Payment Services’ fee structure. Individuals with direct experience or insights into specific contract details of Credit Card Payment Services, such as early termination fees or PCI compliance fees, are encouraged to contribute their knowledge in the comments section of this review.

Business owners exploring competitive merchant services are recommended to consider our compilation of the best merchant accounts.

Sales Approach

Credit Card Payment Services appears to primarily market itself via traditional advertising and referral partnerships, but it’s difficult to determine whether the company employs an inside or outside sales team. Credit Card Payment Services appears to be a small operation and openly states that it refers clients to its partner banks for the actual servicing of their merchant accounts. It states that all contracts will be signed between a business and their partner banks, and that “processing rates can vary from 1.5% to 6% and the exact rate is established by us and/or minimums by the banks.”

No Sales Complaints

There are no Credit Card Payment Services complaints that mention the company’s sales staff, but there also isn’t much transparency to the company’s pricing or website.

In general, this compares favorably to our list of best credit card processors.

We see no reason for businesses to expect deceptive sales tactics from this company, but they are cautioned to review all relevant documentation before signing up. If you suspect that Credit Card Payment Services is charging you undisclosed fees, we recommend seeking a third-party statement audit to eliminate hidden costs.

Credit Card Payment Services is regarded as a reliable high-risk credit card processing provider, based on all available information. The company appears to operate at a level on par with other top-rated high-risk credit card processors. Despite the lack of public complaints against Credit Card Payment Services, there’s also minimal information regarding its contract terms and corporate structure.

Business owners should conduct independent research into the company while comparing its services and pricing with other high-risk payment processors. Even if securing a merchant account seems urgent, it’s crucial to shop competitively to ensure that the chosen provider meets their specific business requirements while offering transparent terms. This diligence helps business owners avoid pitfalls and find the best possible partner for their high-risk processing needs.