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Cypress Bay Solutions Review: Are They Transparent About Fees?

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Cypress Bay Solutions

Rating
D
2.5/5
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Pros and Cons of Cypress Bay Solutions

Pros

24/7 professional support
Competitive pricing
Zero setup fee

Cons

Numerous customer complaints
Mandatory monthly fee
High early termination fee
Three-year contract
Uses independent resellers

Overview

In this review of Cypress Bay Solutions, we take a close look at this merchant account provider and its ties to a broader network of companies with mixed reputations. We’ll cover their services, including credit card processing, POS systems, and mobile and e-commerce options, while also examining their rates, fees, contract terms, and common customer complaints. The review includes insights from user feedback, employee experiences, and industry ratings, along with details about the company’s ownership and history within the Certified Payment Processing family. We’ll discuss their sales tactics, marketing strategies, and legal challenges, including lawsuits and fines, to give a balanced perspective on their operations. By highlighting both the benefits and drawbacks, this review aims to provide a clear assessment of Cypress Bay Solutions and help businesses decide if they are a suitable choice for payment processing.

About Cypress Bay Solutions

Cypress Bay Solutions is a merchant account provider that appears to be a reseller of First American Payment Systems and a member of the Certified Payment Processing family of companies. These companies include Certified Payment Processing, Altiras Advisors, Axis Payments, Intrepid Payment Processing, Summit Merchant Solutions, Apex Merchant Group, and TransTech Merchant Group, all of which are either poorly rated on CPO or no longer operational.

Cypress Bay Solutions Homepage

Cypress Bay Solutions History

Founded in 1991 and based in the Carrollton, Texas area, Certified Payment Processing was an all-purpose credit card processor that also operated under the names Summit Merchant Solutions and TransTech Merchant Group. All three companies shared the same CEO, Tony Norrie, who is currently the CEO of Altiras Advisors. A former employee of Apex Merchant Group has stated in the comment section of our Apex Merchant Group review that Apex Merchant Group’s portfolio was merged with Certified Payment Processing following the March 2015 settlement of legal action against Apex in the state of Minnesota and that Axis Payments and Intrepid Payment Processing were later launched as DBAs of Certified Payment Processing. All of these brands are now inactive except for Altiras Advisors, and Cypress Bay Solutions is their most recently created DBA. As of 2022, the Cypress Bay Solutions website features a “by Deluxe” in addition to its usual logo. Though there is no other information we can find about this, it appears that Cypress Bay Solutions is now a part of the Deluxe business and payment services brand.

Cypress Bay Solutions payment processing
Cypress Bay Solutions lists these services on its website

Products & Merchant Services

Payment Processing

Cypress Bay Solutions offers comprehensive payment processing services for a variety of transaction types, including debit, credit, EMV chip and PIN, and mobile/contactless payments such as Apple Pay, Samsung Pay, and Android Pay. They also provide EBT and eCheck processing, as well as gift and loyalty card services. Their hardware and software solutions are PCI compliant.

Business Management Tools

Cypress Bay Solutions provides a merchant portal designed for business management. This portal allows clients to view transaction details, manage inventory, and set goals based on sales trends. It also offers 24/7 access to merchant statements, processing details, dispute reports, and deposit information, with customizable reports to track important metrics.

Customer Reviews & Sentiment

Review of Cypress Bay Solutions Complaints

Our research has uncovered over 35 negative reviews of Cypress Bay Solutions across various platforms, with accusations labeling the company as a scam or ripoff. These critiques, shared by both clients and former employees, highlight issues such as fictitious appointments, subpar leads, aggressive sales tactics, concealed fees, and difficulties in accessing customer service. We welcome and encourage you to share your personal experiences with Cypress Bay Solutions in the comments section below for a more comprehensive understanding.

Assessing Cypress Bay Solutions Customer Support

Cypress Bay Solutions provides a customer support number, a general sales phone line, and an email form for inquiries on its website. However, this level of customer service provision does not meet the benchmark set by leading payment processors known for outstanding customer support.

Industry Scores & User Ratings

Online Ratings Summary
BBB Rating1
Average Rating1

Cypress Bay Solutions BBB Rating

The Better Business Bureau currently gives Cypress Bay Solutions an “A+” rating and does not award the company BBB accreditation. The company’s profile is currently showing 9 complaints in the last 36 months. Only 1 of the 9 complaints was resolved to the satisfaction of the complainant. Cypress Bay Solutions has a 1out of 5 star rating based on 1 user review on the Better Business Bureau website.

What Merchants Say

Cypress Bay Solutions has also received 1 negative informal review to its profile. The most recent review describes difficulty canceling service and calls the company a scam:

Still CROOKS!!! Literally running scam shows! Theyve been harassing my family and using the wrong names (for my family) for the past month. Who are you???

Clients in this position may benefit from taking the steps to cancel their account without paying a fee.

A “C” Performance

We have adjusted the BBB’s rating to a “C” based on the company’s high complaint total and poor resolution ratio.

Processing Rates & Fees

Standard Contract Details

While Cypress Bay Solutions doesn’t disclose its rates and fees on its website, insights from Cypress Bay reviews suggest that the company follows similar contract terms as its associated entities. Typically, businesses can anticipate a three-year agreement with automatic yearly renewals, an early termination fee ranging between $495 to $595, an annual fee of $95, a monthly minimum fee of $25, an annual PCI compliance fee of $124.75, and assorted additional charges. Explore our list of the top providers offering the best merchant services for more options.

Equipment-Related Fees

Complaints about Cypress Bay Solutions highlight various fees, including a $12.95 monthly equipment rental fee, a steep “non-returned equipment charge” of around $700, a cancellation fee ranging from $250 to $500, and equipment leases imposing charges for the remaining lease period upon cancellation. Specific monthly costs for these leases are not consistently reported, suggesting they may not always be bundled with the merchant account as previously done.

Affordable Alternatives

Given the association with poorly rated providers, Cypress Bay Solutions’ rates and pricing may not be advisable presently. It’s essential for business owners to thoroughly review contract terms and engage with trusted agents. Opting for a cost-effective merchant account provider is likely to offer more competitive pricing and favorable contract terms.

Lawsuits & Legal History

There are no recorded class-action lawsuits or Federal Trade Commission (FTC) complaints against Cypress Bay Solutions to date. Individuals seeking to address grievances without resorting to litigation are advised to report their issues to appropriate oversight organizations.

Employee Reviews & Sales Practices

Telemarketers and Outside Agents

Cypress Bay Solutions appears to market its services through a combination of preset telephone appointments and independent sales agents. These combined strategies are typical of companies within the Certified Payment Processing network and are often linked to elevated complaint totals from clients. We are currently able to find a moderate number of negative Cypress Bay Solutions reviews about the company’s sales tactics, with a repeating theme of undisclosed fees and unwanted sales calls. This does not compare favorably to our list of best credit card processors.

Complaints From Sales Agents

There are also dozens of public Cypress Bay Solutions complaints from current and former employees that describe bogus appointments, worthless leads, and discomfort with the company’s reputation among businesses. These Cypress Bay Solutions reviews sound very similar to complaints filed against other First American Payment Systems companies, which leads us to believe that Cypress Bay Solutions has embraced its parent company’s sales model wholeheartedly. Below are a few sample complaints from Glassdoor:

They just pull leads from Google and like to call potenial customers liars. When they are the ones lieing about calling and setting up the appointments

Like every sales job, they make the potential sound so amazing. They tell you they set appointments for you so you don’t have to cold call… Sounds great, but it’s a flat out LIE!! I went to FOUR leads on my first day and NOBODY knew I was coming! felt that much more stupid… We’re suppose to lie and say “no I’m not a sales person,” but the merchants know instantly. No different than any other sales job. PLUS, they are not sending me generated leads every day. When I want one I have to call them. Go to one, call them for another one. The only thing I accomplished was wasting gas driving to these different companies to look like an ignorant sales rep in training. The first guy that called even left a sad puppy voicemail on my phone because I started to back out of training the first time– when I realized I had to drain BOTH my tablet AND phone for 6 hours to do their training webinar. I found a way, managed to stick it out, only to find out they don’t stick to their word!

As a new agent selling CC services and equipment you are given a few hour webinar training and that is it. They don’t provide any real training on rates charged but tell you to call your team leader when you get stuck. The intro package has no promotional materials to leave with prospective customers or even some blank business cards with a logo and a place to put your name and phone number. New agents are set up for frustration and failure. Fully commission or mileage reimbursement so have to rely on closing sales alone.

More of the Same

We have assigned Cypress Bay a “D” rating in this section based on the fact that it uses the same playbook as its low-rated predecessors. If you have been deceived by a Cypress Bay Solutions sales agent, you can renegotiate your rates with a third-party statement audit.

Cypress Bay Solutions Competitors

Compare Cypress Bay Solutions to competitors that earned top marks.

Bottom Line

Cypress Bay Solutions is rated poorly as a credit card processing provider. This unfavorable evaluation is largely due to the company’s association with a notorious address—3350 Boyington Dr. in Carrollton, Texas—which has historically been the base for a series of poorly rated providers. This pattern raises concerns about the potential continuation of less desirable business practices under a new banner. Our commitment to providing accurate and up-to-date reviews means we will keep a close eye on Cypress Bay Solutions, as well as any related spinoff businesses that may emerge, to assess any changes or continuations in their operational approaches.

For businesses currently in the market for credit card processing services, it is advisable to seek alternatives that are more reliable. Top-rated all-purpose merchant account providers generally offer better pricing and higher quality service compared to those with consistently poor ratings like Cypress Bay Solutions.

Read Actual User Reviews

All user reviews have been moved to our partner, PaymentPop.com

Contact Cypress Bay Solutions

Contact & Customer Support
CEOTony Norrie
Headquarters2501 Parkview Dr Ste 207, Fort Worth, TX
General Customer Support(844) 929-0956
Websitecypressbaysolutions.com