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Humboldt Merchant Services 2023: Reviews & Complaints
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Humboldt Merchant Services is a merchant account provider located in Tempe, AZ, that began doing business in 1993. HMS is a U.S. subsidiary of a Canada-based credit card processor called Moneris Solutions. HMS specializes primarily in providing credit card processing and electronic payment services for high-risk business types. The company’s primary website also contains a link to a separate, PCI compliance-related site (hbmspci.com) designed to provide PCI support for clients.
Before we dive in, here’s a short summary of what we’ll cover:
- Humboldt Merchant Services’ various payment services.
- Humbolt Merchant Services has received very few complaints.
- Processing services could be agreeable to high-risk payments.
- Contract contains some expensive fees.
Humboldt Merchant Services Payment Processing
Humboldt Merchant Services processes all major debit and credit cards for most business types. Their services include EMV card readers and swipers, NFC payments, check processing, POS solutions, gift and loyalty programs, access to payment gateways and virtual terminals, and recurring billing.
Location & Ownership
Humboldt is headquartered at 1600 N Desert Dr #101, Tempe, AZ 85281 and is a registered ISO of BMO Harris N.A. in Chicago, Illinois, as its acquiring bank. Adam McDonald is listed as the president of Humboldt Merchant Services.
Table of Contents
Humboldt Merchant Services Customer Reviews
Here's What Their Clients Say
|Total Online Complaints||<10|
|Live Customer Support||Yes|
|Most Common Complaint||N/A|
Low Complaint Total
We were only able to locate a handful of Humboldt Merchant Services reviews on public forums at the time of this review, some of which were from 2009 or earlier. Most complaints mention fund-holds or denied applications, which are common issues for high-risk providers like Humboldt. There does not appear to be a persistent problem with the company’s fraud mitigation policies. The Humboldt Merchant Services review rate is low even for a small company. If you have your own HMS review to make, please do so in the comments below.
Humboldt Merchant Services Lawsuits and Fines
We have not found any outstanding class-action lawsuits or FTC complaints filed against Humboldt Merchant Services. Dissatisfied clients who wish to pursue a non-litigious course of action against the company should consider reporting it to the relevant supervisory organizations.
Humboldt Merchant Services Customer Service Options
HMS offers a dedicated phone line and email address on its website in addition to live chat for PCI compliance. We are therefore awarding HMS an “A” in this category.
Humboldt Merchant Services Customer Service Number
- (877) 387-5642 – Toll-Free Customer Support
Other Support Options
- Support form
- Customer service email address at [email protected]
Humboldt Merchant Services Online Ratings
Here's How They Rate Online
Under 5 Complaints
Humboldt Merchant Services received Better Business Bureau accreditation in September 2011 and has an “A+” rating. Within the past 36 months, 1 complaint has been filed against Humboldt Merchant Services. The 1 complaint was resolved to the satisfaction of the merchant.
What Merchants Say
In addition to the 1 complaint, Humboldt has also received 1 negative informal reviews to its profile. The most recent review describes being rejected for processing:
I started the application with them on 7/28/2021, they kept asking for paperwork I kept getting them paperwork that they requested. On 8/6/2021 they finally came back and said no to the account.So if you need a merchant account don’t waste your time, they will drag your account out and then waste your time.
An “A” Performance
Humboldt’s overall complaint total is well within the “A” range for a provider of its size. We agree with the BBB‘s rating.
Humboldt Merchant Services Fees, Rates & Costs
A Closer Look at The Contract
|Monthly & Annual Fees||Yes|
|Processing Rates||1.00% - 4.99%|
A very old version of the HMS contract (from 2007) outlines a one-year agreement with a $20 monthly minimum fee, a $10 monthly maintenance fee, a $159 early termination fee, and a variable annual fee. It is unknown at this time whether or not the Humbolt Merchant Services rates and contract terms have changed significantly since this document was created, but it is likely that there will be a significant degree of variation among the company’s high-risk accounts.
Virtual Terminal and Payment Gateway Pricing
In addition to its storefront payment processing services, Humboldt Merchant Services also dedicates a portion of its website to advertising its virtual terminal and payment gateway services. However, pricing is not disclosed on either of those services. Additional rates and fees, including gateway fees, technical support fees, batch fees, and additional transaction rates typically apply to these e-commerce services.
No Red Flags
The lack of complaints about HMS seems to indicate that the terms of a standard HMS contract are acceptable to most of the company’s clients, so we’re inclined to give HMS an “A” in this category at this time. However, high-risk merchant account providers should not be expected to compete with the cheapest merchant accounts due to their separate merchant base. If you have any knowledge of HMS’s current contract terms, please describe your experience in the comment section below.
We also encourage readers to check out our list of the providers of the best merchant accounts.
Humboldt Merchant Services Employee Reviews & Sales Tacitcs
Should You Work For Them?
|Uses Independent Resellers||Yes|
|Discloses All Important Terms||No|
Inside/Outside Sales Team
Humboldt Merchant Services appears to offer an independent agent/reseller program, which suggests that the company employs independent sales agents to market its services. The use of independent sales agents can often result in a pattern of nondisclosure at the point of sale, which usually leads to numerous complaints from clients. However, the Humboldt Merchant Services review record is nearly spotless. It therefore appears that the company either doesn’t rely heavily on an independent sales team or that it oversees its agents with an uncommon degree of diligence for this industry.
This compares favorably to our list of best credit card processors.
No Deceptive Quotes
Humboldt also does not list any misleading rate quotes or unrealistic guarantees on its website. If you suspect that Humboldt has added hidden fees to your monthly statement, you can check your pricing with a third-party statement audit.
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