Genesis Merchant Solutions Review

Overview

Genesis Merchant Solutions (genesismerchant.com) is a merchant account provider headquartered in Houston, Texas. The company appears to be partnered with Chase Paymentech and First Data for their processing networks. Genesis Merchant Solutions is a registered ISO/MSP of Wells Fargo Bank, N.A., in Walnut Creek, California. Ailesh Mulji is listed as the CEO of Genesis Merchant Solutions, which is located at 11211 Katy Freeway, Suite 570, Houston, Texas 77079.

Genesis Merchant Solutions Products and Services

Industries

  • Retail
  • E-commerce
  • Mobile
  • Lodging
  • Restaurant
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Sales & Marketing

Key Points - Sales & Marketing

Employs Independent Resellers No
Advertises Deceptive Rates No
Discloses All Important Terms No

Genesis Merchant Solutions appears to rely on its website and strategic partnerships to market its services. It is unclear at this time whether the company employs independent sales agents. We are currently unable to locate any negative Genesis Merchant Solutions reviews that describe unethical behavior by the company’s sales team, and the company does not appear to engage in any deceptive advertising strategies in its official materials. We will therefore assign it an “A” rating in this category for the time being.

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Costs & Contract

Key Points - Costs & Contract

Swiped Rate Variable
Keyed-in Rate Variable
Early Termination Fee Variable
PCI Compliance Fee Variable
Equipment Lease Terms Variable

There is very little information available at this time about the standard Genesis Merchant Solutions contract. The company is partnered with Chase Paymentech and First Data, so it is likely that its contract terms could potentially include the full range of conditions offered by both entities. Both of these large companies tend to base their contract terms on a merchant’s business type, size, and time in business, so the specifics of the contract (including an early termination fee, PCI Compliance fee, monthly minimum fee, and minimum service length) are difficult to determine at this time. If you have any specific knowledge of the standard Genesis Merchant Solutions contract, please share that information in the comment section of this review.

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Complaints & Service

Key Points - Complaints & Service

Total Online Complaints <10
Live Customer Support Yes
Most Common Complaint N/A

We are currently unable to locate any Genesis Merchant Solutions complaints that accuse the company of being a scam or a ripoff. This spotless complaint record may be attributable to the company’s relatively small size, its affiliation with two larger companies, or a proactive and available customer support staff. The Genesis Merchant Solutions website lists a dedicated phone line for technical support, but it is unclear whether this line is serviced by Genesis or one of its processors.

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BBB

Genesis Merchant Solutions is not currently listed with the Better Business Bureau. Given our lack of information about the company’s hiring practices, its standard contract, and its complaint resolution process, we will neither decrease nor improve the company’s rating in this section for the time being.

Genesis Merchant Solutions Logo

Genesis Merchant Solutions Bottom Line

According to all available information, Genesis Merchant Solutions rates as a reliable merchant services provider. The company relies on Chase Paymentech and First Data for its processing networks, but we cannot locate specific details about its contract at this time. The company’s rating may be subject to change once we have more information about its policies or once the BBB establishes a profile for it.

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.

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