Gulf Management Systems 2023: Reviews & Complaints
Founded in 1992, Gulf Management Systems is a merchant account provider that serves most standard-risk business types. The company is a registered agent of Strategic Payment Systems, which is itself a reseller of WorldPay, so it is likely that Gulf Management Systems is partnered with WorldPay for its backend payment processing.
Before we dive in, here’s a short summary of what we’ll cover:
- Gulf Management Systems’ various payment services.
- Gulf Management Systems has very few public complaints.
- Gulf Management Systems is owned by Strategic Payment Systems, which resells WorldPay. This means the contract is likely the same as WorldPay’s.
- Contract likely includes some expensive fees.
Gulf Management Systems Payment Processing
Gulf Management Systems processes all major debit and credit cards for most business types. Their services include EMV card readers and swipers, POS solutions, mobile payments, e-commerce solutions including virtual terminals, recurring billing, and ACH payments.
Location and Ownership
Gulf Management Systems is headquartered at 3001 Eastland Blvd, Suite 5 Clearwater, Florida 33761. and is a registered ISO/MSP of Wells Fargo Bank NA, Walnut Creek, CA; and of First National Bank of Omaha, Omaha, NE. Charles Billone is the owner of Gulf Management Systems while Kurt Schneider is CEO.
Table of Contents
Gulf Management Systems Customer Reviews
Here's What Their Clients Say
|Total Online Complaints||<10|
|Live Customer Support||Yes|
|Most Common Complaint||N/A|
No Public Complaints
We are currently unable to locate any Gulf Management Systems reviews that accuse the company of being a ripoff or a scam. In fact, the credit card processor is showing only positive reviews across various consumer protection websites. This seems to indicate that Gulf Management Systems employs a proactive and available customer support team. If you have a Gulf Management Systems review to make, please do so in the comments below.
Gulf Management Systems Lawsuits and Fines
We have not found any outstanding class-action lawsuits or FTC complaints filed against Gulf Management Systems. Dissatisfied clients who wish to pursue a non-litigious course of action against the company should consider reporting it to the relevant supervisory organizations.
Gulf Management Systems Customer Support Options
The Gulf Management Systems website lists dedicated phone and email contact information in addition to general contact information. This level of support is on par with most top-rated customer service processors.
Gulf Management Systems Customer Service Number
- (800) 947-3156 – Toll-Free Customer Support
Other Support Options
- Support form
- Customer service email address at [email protected]
Gulf Management Systems Online Ratings
Here's How They Rate Online
Online Ratings Summary
Under 10 Complaints
Gulf Management Systems has an “A+” rating with the Better Business Bureau and is not BBB accredited. The company has received 0 complaints in the past 36 months.
An “A” Performance
Given the company’s nearly clean complaint record, we agree with the BBB’s rating at this time. Readers should note, however, that there are good reasons to be skeptical of the BBB’s rating system.
Gulf Management Systems Fees, Rates & Costs
A Closer Look at The Contract
|Monthly & Annual Fees||Likely|
|Processing Rates||1.00% - 4.99%|
Gulf Management Systems Contract Terms
There is no publicly available information about the standard Gulf Management Systems rates or contract at this time. The company is a WorldPay reseller, which means that its standard contract terms will likely resemble the standard WorldPay contract. WorldPay’s standard service agreement is a three-year term with automatic one-year renewals if written notice is not given within 90 days of the service expiration. The contract includes an early termination fee of up to $295, a PCI compliance fee of $15-$25 per month, and an annual fee of $69 for IRS 1099 reporting. WorldPay also leases point-of-sale equipment through its ISOs for terms of up to 48 months.
No Red Flags
The total absence of complaints about the company’s contract terms merits an “A” in this category, but it should be noted that we are assigning this grade without any verified knowledge of specific pricing. It is difficult to assess at this time whether Gulf Management Systems’ contract terms are competitive with the cheapest merchant accounts.
We also encourage readers to check out our list of the providers of the best merchant accounts.
Gulf Management Systems Employee Reviews & Sales Tacitcs
Should You Work For Them?
|Uses Independent Resellers||No|
|Discloses All Important Terms||No|
Inside Sales Team
Gulf Management Systems appears to rely on referrals and an in-house staff to market its services. There is no evidence at this time indicating that the company employs independent sales agents, and we are unable to locate any Gulf Management Systems reviews that report unethical behavior by the company’s sales staff.
This compares favorably to our list of best credit card processors.
No Misleading Quotes
Gulf Management Systems does not appear to engage in any deceptive advertising strategies in its official materials. If you suspect that Gulf Management Systems is charging you undisclosed fees, we recommend seeking a third-party statement audit to eliminate hidden charges.
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