Evolv Review: What Businesses Need to Know About Their Services

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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.

Evolv

Rating
C
3/5
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Pros and Cons of Evolv

Pros

User-friendly interface
Comprehensive features
Strong customer support

Cons

Aggressive sales tactics
Unexpected fees reported
Limited integrations
Feature overcomplexity
Higher cost

Overview

In this review of Evolv, a rebranded merchant account provider, we examine their payment processing services, including ACH and check solutions, high-risk processing, and e-commerce integrations designed for industries such as automotive, legal, and retail. We cover key details like rates, fees, contract terms, and overall pros and cons, supported by user feedback and common complaints, along with how the company addresses them. The review also highlights Evolv’s partnerships, including its connection with WorldPay, and considers factors like ownership, location, legal issues, and the quality of customer support. Finally, we compare Evolv’s offerings to industry standards to give readers a balanced perspective and help businesses determine whether their services are the right fit.

About Evolv

Evolv Homepage

Evolv is a rebranded merchant account provider formerly known as Approval Payment Solutions headquartered in Newburgh, Indiana. The company is partnered with WorldPay for its processing network. In March 2018, Approval Payment Solutions acquired Houston-based credit card processor Orion Payment Systems. Other acquisitions include United Point-of-Sale, 253 Payment Pros, Cleargate, Rocky Mountain Merchant Services, Atlas MBA, VIV, Merchant Services International, and Retriever of Jackson.

Partnerships

Evolv has formed partnerships with various associations across different states, offering payment acceptance and digital marketing solutions.

Products & Merchant Services

Payment Processing

Evolv provides a variety of payment solutions, including ACH and check processing, high-risk processing, online payments, contactless terminals, mobile solutions, point-of-sale systems, and e-commerce integrations. They also offer gift and loyalty program services and QuickBooks integration.

Industry-Specific Solutions

Evolv serves multiple industries, including automotive, government and water systems, health and beauty, legal, restaurants, and retail. Additionally, they extend their services to financial institutions, bar associations, and sales offices.

Customer Reviews & Sentiment

Insight into Evolv Reviews

Our review has identified approximately 5 negative reviews of Evolv outside the Better Business Bureau (BBB). These reviews do not label Evolv as a scam or ripoff, but they do highlight issues with deceptive sales tactics, unexpected early termination fees, and challenges in canceling services. Such feedback emphasizes the need for transparency and effective communication from Evolv. If you have experiences with Evolv, we encourage you to share them in the comments section below to aid others in making informed decisions.

Evolv Customer Support Analysis

While Evolv partners with WorldPay, it’s important for merchants to understand where their support inquiries are directed. The Evolv website provides specific contact information for support; however, it remains unclear if inquiries are addressed by Evolv directly or by WorldPay. This ambiguity, coupled with the limited feedback on the effectiveness of these support channels, suggests that Evolv’s customer service might not meet the standards set by industry leaders in customer service.

Industry Scores & User Ratings

Online Ratings Summary
PaymentPop1
BBB RatingN/A

PaymentPop Rating for Evolv

Negative Feedback

I am highly dissatisfied with Evolv. First, they bought out my existing merchant company, stating they sent information in 2021, but of course, I did not receive a hard copy. They told me that if I wanted to opt out of their services, I would have to pay $495. I never signed up with them in the first place. My original contract in 2018 was for three years, so I worked with someone who would get my cancellation and was under the impression my contract ended in August. I made sure to have my paperwork filled out timely, but come to find out, I was still charged $295 for an early termination fee. Then, I was told that my contract was from January, not August. Well, if that was the case, in May, I would have just paid to opt out instead of waiting several months and paying a base rate just to make it to August. Awful, awful, awful!

Positive Feedback

There are no positive reviews published about CardConnect on the PaymentPop website.

Evolv BBB Rating

Evolv/Approval Payment Solutions has been an accredited business with the Better Business Bureau since 2007. As of this review, the company has an “A+” rating with the BBB and has had 0 complaints filed against it in the last 36 months.

What Merchants Say

The company’s profile also features 1 informal review. The 1 review is positive. A former review was negative and detailed unexpected charges and poor customer service:

Nightmare, Small Businesses Beware. A rep from this company came into my retail store and said that they could save my a lot on Credit Card Processing. Their rep asked to see my former statements and worked at his laptop and said, “oh yes, we can save you a lot!” He spewed how they were local, from a few counties away here in Kentucky and he would be close to handle everything I needed. I asked about using my current machine, a VX520, which I purchased for $300 from my current processor and was told that it had proprietary software and I couldn’t use it. (turned out to be a lie) I asked Matt L******* what there machine would cost and could never pin him down. When I asked, about $300? He said he wasn’t sure but around that and I would save that in no time with his company. That was mid Nov. 2018. After Christmas break, I was shocked to see all these charges coming out of my bank account including one for $100.70 from a company called Ascentium Capital Leasing. I called Matt’s boss on Jan 4,2019 and was told that is the company I was leasing my new equipment from for 48 MONTHS. WHAT?? Never heard of them but he assured me he would have Matt call me the next day. Never and still haven’t heard from him. Called the main company in Indiana and was told they would have Matt call me. Of course he never has. I requested by email to be Cancelled on Jan. 28,2019 and again in Feb. I have finally received a cancellation request form and it states that I will owe a $500 or greater early termination Fee and Ascentium Capital emailed me this today: This contract is a 48 month none cancellable lease agreement it can’t be cancelled yes you can return the equipment But you will have a outstanding balance you personally guaranteed this contract it’s not just going to go away if you like I can try to help you with a Settlement your balance is 4,532 I can try to settle for 2,800 please let me know if this is something you want to do. They still won’t give me an address to return their VX520 machine. Approval Payment Solutions should be ashamed of how I have been treated and for their rep conning a small business owner. I guess I will just have my credit score drop as I will never pay either company. BEWARE

In this case, the client could have benefited from knowing which undesirable contract terms to be on the lookout for.

An “A” Rating Overall

Evolv/Approval Payment Solutions has seen a dramatic decrease in its complaints over our past few updates. In that time the company’s complaint total has fallen to 0 so we are willing to agree with the BBB’s “A+” rating at this time.

Processing Rates & Fees

Evolv Contract Terms

Evolv appears to offer a three-year agreement through WorldPay with automatic renewal for two-year terms. The exact Evolv rates under that agreement are not disclosed by the company. There is also an undisclosed early termination fee associated with Approval Payment Solutions contracts, although this amount is likely to be close to the standard $250-$295 amount offered by WorldPay. We are currently unable to locate any mention of PCI Compliance fees or monthly minimum fees, but it is likely that these are included in the company’s contract as well. According to the Better Business Bureau, the company also appears to lock its credit card terminals to prevent “slamming,” which can lead to some frustration among merchants who don’t understand why their terminal is locked.

Virtual Terminal and Payment Gateway Pricing

In addition to its storefront payment processing services, Evolv also dedicates a portion of its website to advertising its virtual terminal and payment gateway services, through Anchorpoint. However, pricing is not disclosed on either of those services. Additional Evolv rates and fees, including gateway fees, technical support fees, batch fees, and additional transaction rates typically apply to these e-commerce services.

Industry-Standard Pricing

One client complaint in the comment section of this review cites a $375 early termination fee, while a more recent complaint claims that this fee is actually $500. An Evolv complaint on another review website mentions a long-term equipment lease. Overall, the company’s contract terms appear to be within the average industry parameters, and we would not expect its pricing to be competitive with the cheapest merchant accounts.

We also encourage business owners to check out our list of the providers of the best merchant accounts.

Lawsuits & Legal History

No class-action lawsuits or Federal Trade Commission (FTC) complaints have been found against Evolv or Approval Payment Systems. Merchants seeking resolutions outside of litigation are advised to contact appropriate regulatory bodies.

Employee Reviews & Sales Practices

Inside and Outside Sales Staff

Evolv appears to utilize strategic partnerships, an in-house sales team, and independent sales agents to market its services. The use of independent sales agents can often result in an elevated complaint rate for a company, as these sales representatives are usually motivated to sign merchants up for the most expensive contract terms possible. We have seen a few such Evolv reviews.

This compares favorably to our list of best credit card processors.

Sales Complaints

We are currently able to locate a few Evolv/Approval Payment Solutions complaints that describe aggressive sales tactics and nondisclosure of contract terms. To its credit, the company does not appear to engage in deceptive advertising strategies in its official materials. If you suspect that Evolv is charging you undisclosed fees, we recommend seeking an independent statement audit to find and eliminate hidden costs.

Evolv Competitors

Compare Evolv to competitors that earned top marks.

Bottom Line

Evolv holds a position as an average credit card processing provider based on our established rating system. The company’s standing in the industry is influenced by certain contractual terms that may not align favorably with the best interests of its clients, which has somewhat dampened its overall rating. On the positive side, Evolv benefits from having a relatively low number of complaints across various consumer protection websites, suggesting a level of service that satisfies most of its customers. This aspect of their operations has contributed to lifting their score within our evaluations.

Despite these strengths, potential clients of Evolv are advised to approach their contract negotiations with caution. It is recommended that businesses meticulously review the contract terms offered by Evolv, paying close attention to any fees, service clauses, and penalty details that could impact their financial and operational flexibility. Comparing Evolv’s pricing and contract conditions to those offered by top-rated merchant account providers is essential. This comparison will help businesses ensure that they are receiving competitive rates and terms that best suit their specific needs, enhancing their ability to make informed decisions about their credit card processing solutions.

Read Actual User Reviews

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

Contact Evolv

Contact & Customer Support
PresidentAllan Noe
Headquarters10999 Stahl Rd, Newburgh, Indiana 47630
Toll-Free Support(888) 311-7248
Websitepoweredbyevolv.com