PayAnywhere (payanywhere.com), sometimes spelled as “Pay Anywhere,” is a mobile credit card processing service offered by North American Bancard; however, PayAnywhere warrants its own review because the service is a departure from North American Bancard’s typical merchant account setup. It should be noted that even though the service is powered by North American Bancard, the actual processor of the credit card transactions is Global Payments. PayAnywhere also offers a tablet-based point-of-sale system called PayAnywhere Storefront.
Much like Intuit’s “GoPayment” app, PayAnywhere is North American Bancard’s answer to Square’s mobile credit card processing service. The service appears to have launched in 2010, but it has not enjoyed the same kind of buzz and popularity as Square and GoPayment. Even so, PayAnywhere has been garnering an increasing amount of media attention and has maintained a consistent presence in the wireless credit card processing industry. Marc Gardner is listed as the president and CEO of North American Bancard.
Products and Services
- Mobile debit and credit card processing
- Tablet-based POS system
- Sales reporting
- Custom inventory management
- Multiple user support
- Emailed receipts
Sales & Marketing
Key Points - Sales & Marketing
|Employs Independent Resellers||Yes|
|Advertises Deceptive Rates||No|
|Discloses All Important Terms||No|
PayAnywhere does not appear to use any deceptive marketing or sales tactics in its official sales materials. It looks as though the company primarily markets its service through advertising, public relations, strategic partnerships, and referrals from North American Bancard. However, merchants have reported that, like Square, PayAnywhere fails to mention prior to account setup that it holds funds to mitigate risk. Specifically, merchants complain that the company holds large amounts of funds with no prior warning of its hold policies, and that the company takes a long time to release these funds. We have lowered the score of this section to reflect merchants’ sentiment that PayAnywhere’s marketing is slightly misleading when it comes to its fraud prevention policies.
Costs & Contract
Key Points - Costs & Contract
|Keyed-in Rate||3.49% + $0.19|
|Early Termination Fee||None|
|PCI Compliance Fee||None|
|Equipment Lease Terms||None|
As of this review, PayAnywhere’s smartphone app has no setup fees, no monthly fees, and no cancellation fees, and it comes with a free card reader that plugs into the audio jack of compatible smartphones. The processing fee is also similar to those of Square and GoPayment with 2.69% fee for sliding a credit or debit card through the attached card reader and 3.49% plus $0.19 for keyed transactions. These rates apply to all card brands, including Discover and American Express.
Merchants who use PayAnywhere Storefront will pay 1.69% per Qualified swiped transaction, 2.69% per Non-Qualified swiped transaction, and 3.69% plus $0.19 per keyed-in transaction. Storefront users will also pay a basic service fee of $12.95 per month and a monthly minimum fee of $79 if monthly volume is at or less than $5,000. PayAnywhere Storefront also provides a free tablet to each merchant. As of this review, the service is compatible with most current Apple devices (iPhone, iPad, iTouch), Android (2.4 or later), and many Blackberry models.
Complaints & Service
Key Points - Complaints & Service
|Total Online Complaints||250+|
|Live Customer Support||Yes|
|Most Common Complaint||Fund Holds|
We are currently able to locate over 250 PayAnywhere negative reviews, many of which describe the company as a scam or ripoff. Although the company has a very large client base and should be expected to have some complaints, it has seen a steady increase in complaints since our last update. Two major themes are consistently mentioned by complainants. As noted earlier in this review, the service holds funds in order to reduce the risk of fraud. The company’s policies seem to have a broad definition of which types of transaction qualify as fraudulent, which has resulted in numerous complaints from seemingly legitimate merchants reporting fund holds. The next common complaint is of receiving poor and unprofessional customer service when calling into PayAnywhere’s customer support. It appears that the calls are routed to the same call centers as regular North American Bancard customers, which also receives poor ratings in our review of the company. This definitely diminishes the edge over Square that PayAnywhere might have achieved by providing live customer support.
There have also been a few merchants reporting that PayAnywhere charged other fees in addition to the processing fee. PayAnywhere’s full pricing can be found here, but we have found reports of other possible fees that include a $25 Chargeback fee, $25 NSF fee (Non-Sufficient Funds), and $15 “Retrieval” fee which is left undefined. If you have experienced fees outside of the processing fees or those listed in PayAnywhere’s disclosed pricing, please leave a review in our comment section below detailing your experience. Although we are under no obligation to verify the content of user reviews, a valid email will be required for pricing-related comments as further evidence of these claims may need to be supplied in order for your comment to remain published.
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Key Points - BBB
|Product & Service Complaints||87|
|Billing & Collection Complaints||79|
|Advertising & Sales Complaints||9|
|Guarantee & Warranty Complaints||1|
Note: We have adjusted this company’s BBB rating according to our own standards. To better understand why we adjust BBB ratings, please see our Rating Criteria.
As of this update, the Better Business Bureau is “not assigning a rating to PayAnywhere. The BBB states that it is currently in the process of updating this profile.
Our last update showed 182 complaints filed in the previous 36 months. Out of the 182, 79 were regarding billing and collections disputes, 87 were related to product or service problems, nine had to do with advertising or sales issues, six consisted of delivery problems, and one was a warranty issue. Of the complaints, 22 were resolved to the satisfaction of the merchant, while the remaining 160 either were resolved to the merchant’s dissatisfaction or did not receive a final assessment from the merchant. This resolution ratio is not especially impressive given the minor increase in complaints, and the complaint volume itself is troubling. We accordingly adjusted the BBB‘s score to a “C” for the purposes of this review.
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About Phillip Parker
Phillip Parker is a former merchant services agent turned small business advocate and the author of "Fee Sweep," which teaches merchants how to dramatically lower their processing rates, eliminate junk fees, and avoid fine-print scams. He founded CardPaymentOptions.com to help merchants enact positive change in the credit card processing industry. Schedule a Consultation with PhillipSchedule a Consultation with Phillip