Agree with our rating?
Leave a comment below
Agree with our rating?
Updated 3/13/2019: Powa Technologies filed for bankruptcy in February 2016. mPowa has been resurrected as a consumer loan service and has no relation to payment processing at this time. We therefore will no longer update this review.
mPowa (mPowa.com) is a mobile payment app developed by a London, England-based company known as “Powa.” Powa originally specialized in internet/e-commerce business management products and services but recently entered the mobile payments arena. The service is similar to GoPayment and Square and allows just about anyone with most brands of smartphone to accept credit/debit card payments. mPowa was founded in 2011 and is headquartered at The Met Building, 9th Floor, 22 Percy Street. London, W1T 2BU, GBR with a U.S. office located at 46 Laverne Avenue, Mill Valley, California 94941.
mPowa Customer Reviews
Here's What Their Clients Say
mPowa’s online customer support is strikingly similar to Square’s and also does not appear to include a support phone number. Although the lack of phone support has been a significant area of merchant frustration with Square, we did not locate any complaints describing mPowa as a ripoff at the time of this review. A possible reason for this may be the short time the company has been operating and that it has not signed enough accounts to expose problem areas. Additionally, mPowa’s integration with existing merchant accounts may result in mPowa complaints being redirected to the actual payment processors.
mPowa Online Ratings
Here's How They Rate Online
Powa is based in the UK and does not currently have a Better Business Bureau profile. Therefore, we will not factor this category into the company’s overall rating.
mPowa Fees, Rates & Costs
A Closer Look at The Contract
mPowa’s business model is similar to Square in the sense that it includes a free card reader, no setup fees, no monthly fees, no time commitment, no cancellation fee and a simple transaction fee. Additionally, the marketing and overall presentation of the service is nearly identical to its U.S.-based competitors. mPowa does, however, have a few standout features that set it apart.
The mPowa app is available to most merchants worldwide who already have a merchant account through another provider and want to enable mobile processing. In these cases, mPowa integrates with the merchant’s current processor and only acts as point-of-sale system. The cost for this service is a markup of 0.25% per transaction or $0.40 (or £0.25 or €0.30, depending on your country) per transaction, whichever is greater. Merchants who do not have a current merchant account, or wish to set up a new account with mPowa, will pay a flat processing fee of 2.95% per transaction, which is available to merchants in the U.S., U.K., Australia, and mainland Europe.
mPowa Employee Reviews & Sales Tacitcs
Should You Work For Them?
mPowa appears to rely primarily on its website to promote its services. The mPowa website lists a simple processing rate of 2.95% for small and medium-sized businesses who have signed up for a merchant account through Powa, and this figure does not appear to be disputed in any online complaints. We are currently unable to find any negative mPowa reviews that mention deceptive advertising, and the company’s official materials appear to present its services transparently.
Copyright © 2023 CardPaymentOptions.com, Inc. (Digital Fingerprint: 0d38c6720f0d78a701b74d58653af608). Getting paid to re-write this page? Click here to earn a reward.
Any unauthorized copying and reproduction of the content of this page, including all meta data and computer code, is strictly prohibited. While the information in the above article is believed to be accurate as of its publish date, the author and publisher make no representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the contents. The author and publisher shall in no event be held liable to any party for any direct, indirect, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this material, which is provided “as is,” and without warranties. Any and all use of trade names and/or marks are for identification purposes only and shall not be construed as a claim of affiliation, or otherwise, with CardPaymentOptions.com, Inc. ("CPO") in any form. The sole purpose of the material presented herein is to alert, educate, and inform readers. It is not intended as legal or financial advice. We may earn revenue if you obtain services from a provider that we recommend. See this page to learn how we support our operations.