EVO Payments International (www.evopayments.com), also known as EVO Merchant Services, is a U.S.-based merchant services provider that serves merchants domestically, in Canada, and in Europe. Reports show that the company was started as a small ISO in 1989 and has grown into one of the larger non-bank merchant account providers in the United States today, evidenced in part by its acquisition of PowerPay in 2012 and its acquisition of Sterling Payment Technologies in 2017. EVO Payments primarily offers electronic payment processing services and products. The company has various offices located throughout the nation but is headquartered in Melville, New York. EVO Payments International is a registered ISO/MSP of Deutsche Bank AG, New York. The company’s chairman and founder is Ray Sidhom, and its CEO is Jim Kelly.
- Sales & Marketing: EVO Payments International hires independent sales agents and has received a moderate number of complaints about its sales practices.
- Costs & Contract: EVO Payments International offers a multi-year contract with an early termination fee of up to $500.
- Complaints & Service: EVO Payments International has received more than 150 public complaints.
- BBB Rating: EVO Payments International does not currently have a rating with the Better Business Bureau.
- Rates & Fees: How Merchants Got The Best Rates With EVO Payments International
- Domestic and international retail
- Domestic and international e-commerce
- Domestic and international MOTO
Sales & Marketing
Key Points - Sales & Marketing
|Employs Independent Resellers||Yes|
|Advertises Deceptive Rates||No|
|Discloses All Important Terms||No|
EVO’s primary marketing and sales strategy appears to follow a common pattern used by most large merchant services providers, which is the recruiting and hiring of independent sales agents around the world. The company also allows other sales organizations, such as Evolution Bankcard, to operate as sub-ISOs under their own business names. Both of these strategies often result in complaints because the sales tactics of the resellers are difficult to control, and the company’s policies often allow for predatory pricing and terms whether it encourages them or not. It appears that EVO Payments International is suffering from the typical negative merchant reports one would expect with this marketing strategy, including high-pressure sales tactics and insufficient fee disclosure. To its credit, the company does not appear to use any deceptive advertising or rate-quoting tactics in its marketing materials.
EVO Payments International Marketing Example
Costs & Contract
Key Points - Costs & Contract
|Early Termination Fee||$250-$500 Or None|
|PCI Compliance Fee||$120 Per Year|
|Equipment Lease Terms||48 Months, Non-Cancellable|
EVO’s merchant account fees and contract terms appear to vary based on several factors including a merchant’s business type, a merchant’s processing volume, and the agent/sub-ISO setting up the account. Service length agreements and early termination fees may also vary from one account to the next as merchants have reported cancellation fees ranging from $250 to $500. Additionally, several merchants reports mention non-cancellable lease terms for processing equipment that is sold by EVO agents but managed by third-party leasing companies. EVO appears to charge an annual PCI Compliance fee of approximately $120, which is about as expensive as this fee gets. Taken as a whole, EVO’s contract terms are slightly less competitive than industry averages.
Complaints & Service
Key Points - Complaints & Service
|Total Online Complaints||150+|
|Live Customer Support||Yes|
|Most Common Complaint||Hidden Fees|
EVO Payments International has received a moderate number of public complaints for a company of its size and time in business. The types of complaints fit mostly into four categories: EVO holding deposits or withdrawing large cash reserves suddenly from a merchant’s checking account, complaints of deceptive sales tactics (especially involving equipment leases and mostly attributable to resellers), former employee and agent complaints of deceptive business practices, and poor customer service experiences when attempting to resolve disputes.
One such complaint, found here, claims that “Evo has ignored phone calls, transferred me to the wrong department and has not cooperated with their own sales person Lionel to resolve this situation.” Strangely, there has been a recent rash of complaints filed against EVO Canada, which may indicate that the company is focusing its expansion efforts on that region. Alternatively, it may just be that EVO’s policies are less favorable to Canadian merchants.
Key Points - BBB
|Product & Service Complaints||36|
|Billing & Collection Complaints||37|
|Advertising & Sales Complaints||7|
|Guarantee & Warranty 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.
EVO’s Better Business Bureau profile is currently being updated and does not feature any public-facing data. We therefore will not factor it into this update of our review.
The Better Business Bureau has several separate reports listed for EVO Payments International, but the correct one appears to be for an office listed in Melville, New York. At the time of our previous update, the profile listed the company’s name as “EVO Merchant Services.” It showed an “A-” grade without BBB accreditation, and it had received 81 complaints in the last 36 months. Thirty-seven complaints were due to billing or collection disputes, 36 had to do with product or service problems, seven were related to advertising or sales, and one was a delivery issue. Thirty-eight of these complaints have been successfully resolved, while 42 either were not resolved to the merchant’s satisfaction or have not received a final response from the merchant. One received no response whatsoever from EVO.
About Phillip Parker
Hi, I’m Phillip and I’m disgusted by the state of credit card processing in the U.S. and abroad. I believe that the industry has been overrun by people who engage in fraud and deception in order to steal money from hard working business owners. I’ve made it my mission to expose the companies and individuals who engage in predatory marketing, pricing, and contracts, or just provide terrible service. Along with uncovering the bad guys, I’ve also discovered the good guys who do stand out from the status quo. CPO is a website where you will find ratings and reviews of these companies along with advice on how to save money and which service providers consider. Together we can move the industry in a positive direction. If you would like to help support my work, please checkout “Fee Sweep” my eGuide to getting the lowest possible fees when accepting card payments. If you haven’t heard of “interchange” this advice will save you hundreds, even thousands, in processing fees.Schedule a Consultation with Phillip
Related: Phillip’s Top All-Purpose Merchant Account Picks
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