Dharma Merchant Services Overview
Dharma Merchant Services May Have Overcharged You
If you accepted credit cards through Dharma Merchant Services 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.
Interchange-Plus Pricing For Multiple Industries
Founded in 2007, Dharma Merchant Services is a merchant account provider originally based in San Francisco, California but now headquartered in Vancouver, Washington. A certified green eco-friendly business, the company advertises that it donates a percentage of its net profits to non-profit organizations. Dharma Merchant Services is a low-cost payment processing option for the health care industry, including for hospitals, EMS, rehab clinics, walk-in clinics, occupational therapists, speech therapists, and veterinarians. The company prominently advertises interchange-plus pricing and level 2 and 3 processing.
Location and Ownership
Dharma Merchant Services is a registered Independent Sales Organization (ISO) and MasterCard Member Service Provider (MSP) with Synovus Bank, Columbus, Georgia. The company itself is headquartered at 500 W 8th St Suite 270, Vancouver, Washington 98660. Jeff Marcous is the co-founder and CEO of Dharma Merchant Services.
Featured Products & Services
Dharma Merchant Services has recently partnered with Clover to provide mobile phone processing and tablet-based POS options for merchants. Dharma is offering the Clover Mini station for a purchase price of $499 and a monthly fee of $10, which includes Clover’s PRO software set. The company also resells the flagship Clover POS solution at $1,349 per device, which includes a full cash drawer, built-in fingerprint scanner, and high-speed printer. For mobile EMV payments, Dharma is offering Clover Flex. Dharma’s preferred EMV terminal solution is the FD-130 terminal, which allows EMV processing, Chip-and-PIN acceptance, tip adjustment, and PIN bypass.
Reduced Rates For Restaurants
Dharma also recently lowered its rates for restaurants, bars, and quick-service restaurants. In order to meet the needs of these low-average-ticket businesses, Dharma is now offering a rate of interchange plus 0.15% plus $0.07 to this particular industry type.
Dharma Merchant Services Review Table of Contents
- Costs & Contract: Dharma Merchant Services offers a month-to-month contract with interchange-plus pricing and a $25 account closure fee.
- Complaints & Service: Dharma Merchant Services has received fewer than 10 public complaints.
- BBB Rating: Dharma Merchant Services has an “A+” rating with the Better Business Bureau and has received 1 complaint in the past 3 years.
- Sales & Marketing: Dharma Merchant Services does not hire independent sales agents and has not received any complaints about its sales practices.
- Rates & Fees: How Merchants Got The Best Rates With Dharma Merchant Services
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