EMV Payment Systems Review
We take our role in providing guidance and education regarding the card payment industry very seriously. At our own expense, we have vigorously defended our right to continue expose unethical and predatory practices in the industry, successfully defeating every attempt to silence us. However, fending off frivolous lawsuits is costly. To sustain these efforts, one of the ways we generate revenue is through affiliate partnerships with ethical providers. This means that some of our outgoing links connect business owners to trustworthy, low-cost payment processors, which is what most of our readers seek. We see this revenue channel as a win-win-win for everyone involved. Business owners find good processors, processors get good clients, and we are able to continue to provide a valuable service to the small business community. We also recommend and link to many services that do not compensate us. Our priority is to guide you to the best solutions for your needs, regardless of potential revenue. If you have questions, please feel free to contact us.
All mentions of rate and fee costs are estimations based on publicly available information and client feedback. Actual costs may vary based on a variety of factors unique to your business.
EMV Payment Systems
Rating
Customer Reviews & Sentiment
There are currently between 10 and 30 negative EMV Payment Systems reviews across various consumer protection websites, with many of these complaints expressing concern that the company is scamming merchants. It is difficult to determine the exact total of complaints filed specifically against this company because telemarketing forums are categorized by telephone number rather than by caller identity. However, it is clear that the most common complaint against EMV Payment Systems has to do with the conduct of its telephone marketing team. Merchants report aggressive sales tactics, nondisclosure of the caller’s identity, and tactics that are consistent with traditional slamming scams. The available complaints appear to be split evenly between the company’s Nevada office and its Illinois office, and there are no official rebuttals from company representatives to be found. Given the company’s complaint volume as well as the content of these merchant reviews, we have assigned it a “C” in this category.
Industry Scores & User Ratings
| Product & Service Complaints | 2 |
|---|---|
| Billing & Collection Complaints | 0 |
| Advertising & Sales Complaints | 2 |
| 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.
EMV Payment Systems is not accredited with the BBB and does not currently have a rating. The company has received four complaints in the past three years, with two of the complaints related to the product or service and two having to do with advertising or sales issues. All of the complaints either were resolved to the dissatisfaction of the complainant or did not receive a final assessment from the complainant. Given the company’s complaint total and resolution ratio, we are assigning a CPO-adjusted grade of “A-” in this category.
Processing Rates & Fees
There is very little publicly available information regarding the standard EMV Payment Systems contract at this time. The company does not disclose any of its credit card processing terms or specify the conditions of its equipment leases on its website, and there are no merchant complaints that outline specific rates or fees through the company. Equipment leases are often multiyear agreements with harsh termination penalties, so merchants are encouraged to purchase used terminals upfront whenever possible. For the time being, we have lowered the company’s rating to a “B” in this category due to the possible non-disclosure issues that may emerge as a result of its sales tactics. If you have any specific knowledge of the EMV Payment Systems contract (including any PCI compliance fees or early termination fees), please share that information in the comment section below this review.
EMV Payment Systems Competitors
Compare EMV Payment Systems to competitors that earned top marks.
Bottom Line
EMV Payment Systems rates as an average merchant account provider according to our rating criteria. The company is receiving some serious complaints related to its sales tactics, and there is very little concrete information available regarding its corporate structure or its contract terms. Merchants are encouraged to ask about any contract terms that are initially confusing or unclear.
