All-Purpose and Cash Discount Payment Processing
Merchant Industry is a merchant account provider founded in 2007 that specializes in providing credit card processing and debit card processing services to small businesses within the United States. The company also appears to do business under the name “National E-Payment, Inc.” and possibly resells the merchant services of First Data (Fiserv) and TSYS according to the company’s inclusion of those merchant account providers on its website. In May 2017, Merchant Industry launched a DBA called “Swipe4Free” (swipe4free.com) that exclusively promotes a cash discount pricing program. The company also provides Apple Pay integration services to businesses.
Merchant Industry Location and Ownership
Merchant Industry LLC is a registered ISO/MSP of Esquire Bank N.A., Jericho, NY, and Wells Fargo Bank, N.A. of Walnut Creek, California, with corporate offices located at 36-36 33rd St., Suite 306, Queens, New York, 11106. Leo Vartanov is the founder and CEO of Merchant Industry.
Merchant Industry Review Table of Contents
- Costs & Contract: Merchant Industry offers a three-year contract through First Data (Fiserv) that includes a liquidated damages early termination fee.
- Complaints & Service: Merchant Industry has received more than 40 public complaints.
- BBB Rating: Merchant Industry has an “A+” rating and has received 37 complaints and 9 reviews across 2 profiles in the past 3 years. The company’s main profile has been accredited by the BBB since 2015.
- Sales & Marketing: Merchant Industry appears to hire independently contracted agents and has received more than a dozen complaints about its sales team.
- Rates & Fees: How Merchants Got The Best Rates With Merchant Industry