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PayHub Review

Phillip Parker
Phillip Parker

I was tired of watching unethical merchant services companies take advantage of unsuspecting business owners, so I built this website and wrote hundreds of reviews to expose their shady business practices.

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PayHub Overview

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Rating

5/5
PayHub Logo
Website
(866) 286-1300

Most Recent Comment

  • ORLI GARIA:
    "Hello everyone! just want to tell you what happened to me with this company! At first when they signed me up like everyone else they prom..." Read More
    Reply Leave Your Own Comment
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Rating:
5/5
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View Rates & Fees
(866) 286-1300

Most Recent Comment

  • ORLI GARIA:
    "Hello everyone! just want to tell you what happened to me with this company! At first when they signed me up like everyone else they prom..." Read More
    Reply Leave Your Own Comment
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Owned By SignaPay

PayHub (payhub.com), not to be confused with PayHub Payment Processing, is a merchant account provider headquartered in Irving, Texas. PayHub initially operated as an independent online payment gateway provider, but its 2014 acquisition by SignaPay has turned PayHub into just one of several services offered by the SignaPay brand. As a result, PayHub offers payment processing exclusively through SignaPay at this time, although merchants can purchase the PayHub gateway without purchasing a SignaPay merchant account.

Location and Ownership

SignaPay is a  registered ISO of Merrick Bank, South Jordan, UT, Wells Fargo Bank, Concord, CA, Esquire Bank, Garden City, NY and of the Canadian branch of U.S. Bank National Association and Elavon. John Martillo is the CEO of SignaPay, which is headquartered at 4100 W. Royal Lane, Suite 150, Irving, Texas 75063.

PayHub Review Table of Contents

  • Costs & Contract: PayHub offers multiple pricing plans through SignaPay that may or may not include early termination fees.
  • Complaints & Service: PayHub has received fewer than 10 public complaints.
  • BBB Rating: PayHub has an “A+” rating with the Better Business Bureau and has received zero complaints in the last three years.
  • Sales & Marketing: PayHub may hire independent sales agents but has not received any complaints about its sales practices.
  • Rates & Fees: How Merchants Got The Best Rates With PayHub
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PayHub Rates, Fees, and Costs

PayHub Rates, Fees, and Costs

Cost Summary

Flat Rate Plan Pricing 2.79%+$0.25
Gateway Plan Swiped Rate 1.59%+$0.25
Gateway Plan Keyed-in Rate 2.19%+$0.25
Gateway Fee $9.95+ Per Month
Interchange Plan Rate Interchange+0.40%+%0.10
Early Termination Fee Up to $495
PCI Compliance Fee $99
Equipment Lease Terms 48 Months (locked)

PayHub Pricing Plans

PayHub lists three pricing plans on its website. The first (“Gateway“) provides the company’s payment gateway without SignaPay’s integrated payment processing and charges $9.95 per month or more for the virtual terminal and mobile app as well as features like tokenization, recurring billing, live support, and cloud reporting.  In addition to its monthly fee the “Gateway” plan offers rates of 1.59% plus $0.25 and 2.19% plus $0.25 for swiped and keyed-in transactions, respectively.

The second plan (“Flat Pricing“) includes the payment gateway, virtual terminal, and mobile app along with all features of the Gateway plan plus integrated credit card processing. It charges a fixed rate of 2.79% plus $0.25 per transaction and does not include any monthly fees, although it is unclear whether annual or one-time fees will apply.

The third plan (“Interchange Plus“) includes the same features as the Standard Merchant Account plan, but charges interchange plus 0.40% plus $0.10 per transaction.

Other Potential Fees

None of these plans mention annual or one-time fees (such as fees for PCI compliance or early termination), but that does not mean that these fees won’t apply. There is currently only one PayHub complaint related to pricing, but this complaint seems to be more directed at the fees imposed by Central Payment Corporation in conjunction with the PayHub payment gateway. SignaPay is known to charge an early termination fee of up to $495 and an annual PCI compliance fee of $99, so merchants may encounter these fees if they use SignaPay’s merchant account with PayHub.

An “A” Grade For Now

Overall, the existing evidence regarding PayHub’s pricing seems to support an “A” rating, but this score could be much lower if the full terms of SignaPay’s standard contracts apply. Merchants are also advised to compare the company’s pricing to budget-friendly merchant account providers. See the SignaPay TSYS Merchant Application, the SignaPay Priority Payment Systems Merchant Application, and the SignaPay First Data Merchant Application.

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PayHub BBB Rating Summary

BBB Summary

Product & Service Complaints 0
Billing & Collection Complaints 0
Advertising & Sales Complaints 0
Guarantee & Warranty Complaints 0
Delivery Complaints 0

No BBB Complaints

PayHub currently has an “A+” rating with the Better Business Bureau and is not BBB-accredited. The company has received zero complaints in the past three years. It also has not received any negative informal reviews to its profile, although it’s worth mentioning that these reviews typically are not subject to BBB verification.

An “A” Rating

In light of PayHub’s clean complaint record, we agree with the BBB’s rating at this time. Merchants should note, though, that there are good reasons to be skeptical of the BBB’s information.

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Truth In Marketing & Advertising

Key Points

Employs Independent Resellers Yes
Advertises Deceptive Rates No
Discloses All Important Terms No

Marketed Through SignaPay

As a result of its acquisition by SignaPay, PayHub primarily appears to be marketed as a service within the SignaPay family of products. SignaPay is known to utilize independent sales agents to market its service and has received complaints related to this practice. Complainants specifically cite nondisclosure of fees as a common issue with SignaPay, although there is no clear indication as to whether these are PayHub-related fees or other SignaPay fees.

Transparent Pricing

PayHub lists its pricing on its website, and it appears that the rates quoted are for the most part accurate. The company’s pricing page does not disclose any early termination fees or annual PCI compliance fees, but it is very possible that these fees may apply under some of its plans. As a point in the company’s favor, these rate quotes do distinguish between swiped and keyed-in transactions. However, they do not disclose any mid-qualified or non-qualified downgrade fees that may apply. PayHub also prominently notes that it can provide interchange-plus pricing upon request. If you suspect that PayHub is charging you undisclosed fees, we recommend seeking a free third-party statement audit.

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Sales & Marketing Example

Our Opinion Of PayHub

PayHub Logo

A Decent Payment Gateway

PayHub rates as a solid payment gateway option according to all available information. The company’s acquisition by SignaPay raises some concerns about its marketing tactics and contract terms, but we have not seen a rise in complaints that would suggest a downturn in service quality. Merchants are encouraged to inquire about all possible pricing terms, even those that may not be listed on the company’s website. Although there are better options for virtual terminals and more reliable payment processors available, PayHub is an all-around decent merchant services provider.

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Why I'm Qualified to Write About Credit Card Processing

I’m a small business owner who previously worked in the credit card processing industry. I started this blog in 2009 to help other business owners by exposing credit card processors that engage in unethical marketing, rate and fee trickery, and fine-print-contract schemes. Over the last decade, I’ve reviewed hundreds of merchant services providers which has helped to educate over 5 million businesses on the nuances of credit and debit card acceptance. I’ve appeared in the New York Times, Los Angeles Times, Inc. Magazine and a host of other publications to offer insight on the subject of card acceptance. 

I offer merchant account and credit card processing consultation for the following needs:

  • Selecting the right credit card processing services for your business.
  • Reducing credit card processing fees with your current merchant account provider.
  • Negotiating credit card processing fees when changing merchant accounts.
  • Strategies for reducing and recovering funding holds and chargebacks.

 

Schedule a call with me today!

 

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Leave Your Review For PayHub

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Hello everyone! just want to tell you what happened to me with this company!

At first when they signed me up like everyone else they promise you lower rate from the beginning, but..
first month was great then little by little they raised the fee by a few dollars till they got to this.. i make no more than 7k a month and that’s the highest in a good month regular will be 3 to 4k a month check out the charges!

just so you know before getting screwed with them like i did.

01/02/14 CENTRAL PAYMENT PMT PROC 140101 0017244354 ORLI GARCIA $127.96
01/03/14 BANKCARD MTHLY FEES 131231 628024000356716 ORLI & SONS COMPUTER R $46.55
01/13/14 BANKCARD FEE – 0329233444 $75.00

01/28/14 BANKCARD PCI FEE 012714 000000013344150 ORLI & SONS COMPUTER $124.75

02/03/14 CENTRAL PAYMENT PMT PROC 140201 0017244354 ORLI GARCIA $296.81
02/03/14 BANKCARD MTHLY FEES 140131 628152000405376 ORLI SONS COMPUTER REP $49.95
02/03/14 BANKCARD MTHLY FEES 140131 628024000356716 ORLI & SONS COMPUTER R $46.55

12/11/13 BANKCARD FEE – 0329233444 $120.00
12/03/13 CENTRAL PAYMENT PMT PROC 131202 0017244354 ORLI GARCIA $210.91
12/02/13 BANKCARD MTHLY FEES 131130 628024000356716 ORLI & SONS COMPUTER R $46.55

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Hi Orli,

Was this comment meant for the Central Payment review or this PayHub review?

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