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Should You Trust PayLeap With Your Payment Processing?

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Maintained Since: October 21, 2011

We take our role in providing guidance and education regarding the card payment industry very seriously. At our own expense, we have vigorously defended our right to continue expose unethical and predatory practices in the industry, successfully defeating every attempt to silence us. However, fending off frivolous lawsuits is costly. To sustain these efforts, one of the ways we generate revenue is through affiliate partnerships with ethical providers. This means that some of our outgoing links connect business owners to trustworthy, low-cost payment processors, which is what most of our readers seek. We see this revenue channel as a win-win-win for everyone involved. Business owners find good processors, processors get good clients, and we are able to continue to provide a valuable service to the small business community. We also recommend and link to many services that do not compensate us. Our priority is to guide you to the best solutions for your needs, regardless of potential revenue. If you have questions, please feel free to contact us.

All mentions of rate and fee costs are estimations based on publicly available information and client feedback. Actual costs may vary based on a variety of factors unique to your business.

PayLeap
Rating
A
5/5
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Pros

Competitive pricing
Month-to-month contracts
No termination fees
Secure transactions
Virtual terminal available

Cons

Potential hidden fees
No physical terminals
Limited public information
Contract cancellation issues
Limited industry specialization

Overview

In this review of PayLeap, we take a closer look at the company’s payment processing solutions, including credit card processing, point-of-sale systems, and e-commerce services. We examine their pricing, contract terms, and customer feedback to give you a clear picture of what the company provides. The review also evaluates fee transparency, the quality of customer support, and overall merchant satisfaction. By the end, you will know whether PayLeap is the right fit for your business’s payment processing needs.

About PayLeap

Screen Capture of PayLeap Homepage
PayLeap Homepage

Formerly known as Affinity Payments, PayLeap is a merchant account provider founded in 2008 in Warsaw, Indiana. The company is best known for its virtual terminal and e-commerce credit card processing package, but it also supplies traditional credit card terminals and POS systems. PayLeap was acquired by Acculynk in 2012, and Acculynk was acquired by First Data (now Fiserv) in 2017. As a result, PayLeap is now a First Data (Fiserv) subsidiary.

Products & Merchant Services

Payment Gateway

PayLeap has primarily positioned itself as a competitor of companies such as (link unavailable), PayPal, Google Checkout, and Volusion with a service offering that appeals to merchants interested in e-commerce and virtual terminal services. One way that PayLeap distinguishes itself, however, is that it enables clients to process PIN debit payments over the internet.

Customer Reviews & Sentiment

Low Complaint Total

At the time of this review, we’ve only identified one recent negative PayLeap review across typical forums and consumer protection websites. The complaint alleges that PayLeap improperly held funds, though it appears the client may have encountered issues with chargebacks in this instance. Our investigation indicates that the majority of PayLeap’s clients are content with the company’s services, with no glaring issues evident from available complaints. Share your PayLeap review in the comment section below.

PayLeap Lawsuits and Fines

No outstanding class-action lawsuits or FTC complaints have been found against PayLeap. Dissatisfied clients looking for non-litigious solutions against the company should consider reporting their concerns to relevant supervisory organizations.

PayLeap Customer Support Options

PayLeap provides phone support, a customer support form, online chat, and an FAQ section on its website. However, it’s possible that these channels are at least partially managed by First Data (Fiserv), PayLeap’s backend processor. Overall, the company’s support services seem to be on par with those offered by the top merchant accounts for great customer service.

Industry Scores & User Ratings

Online Ratings Summary
PaymentPop5
BBB RatingN/A

PaymentPop Rating for PayLeap

Negative Feedback

There are no negative reviews published about PayLeap on the PaymentPop website.

Positive Feedback

We started using PayLeap for our online payments and it’s been running without issues. Sorting out payments for our online business used to be a bit of a headache, but PayLeap made it easy. No surprises on the statements, and everything just runs smoothly. Highly recommend.

PayLeap BBB Rating

As of this review, PayLeap is not accredited with the Better Business Bureau. The company has an “A+” with the BBB at this time despite 0 complaints filed in the last 36 months. The company has not received any informal reviews through the BBB.

An “A” Performance

In light of the company’s clean complaint record, we agree with the BBB’s rating. Readers should be aware, however, that there are reasons to be skeptical of the BBB’s rating system.

Processing Rates & Fees

Fixed-Rate Pricing

PayLeap’s pricing structure, as listed on their pricing page, includes transaction fees of 2.39% plus $0.29 for debit transactions and 2.89% plus $0.29 for credit card transactions. Additionally, a monthly service fee of $19.99 is applied. A previously accessible partners page indicated a $10 monthly statement fee. Additional services like gift card payments and ACH/eCheck processing incur a $14.99 monthly fee each. The presence of minimum processing fees or PCI Compliance Fees is not explicitly stated, so businesses are advised to inquire about all potential fees and carefully review the contract terms.

Month-to-Month Contract

PayLeap offers a month-to-month merchant account contract with no cancellation fee, positioning itself competitively among budget-friendly merchant account providers. With an absence of complaints regarding PayLeap’s rates and fees, the company is awarded an “A” rating in this area. Additional insights or experiences with PayLeap’s pricing are welcome in the comments section below.

For further information and comparisons, readers are invited to explore our list of the best merchant accounts.

Employee Reviews & Sales Practices

Inside/Outside Sales Team

PayLeap appears to primarily market its services in several ways, including online advertising, strategic partnerships, and independent resellers. Although the use of independent resellers would normally lower a company’s score in this section, PayLeap seems to have avoided the typical problems usually associated with the practice. We are currently unable to locate any PayLeap reviews that mention unethical practices by the company’s sales team.

This compares favorably to our list of best credit card processors.

No Tricky Quotes

There is no evidence of deceptive rate quoting in PayLeap’s official materials. The company does list some of its per-transaction fees on its website, but these fees are fixed for all transactions and accurately quoted. If you suspect that PayLeap is sneaking hidden fees into your contract, we recommend seeking a third-party statement audit to eliminate undisclosed charges.

PayLeap Competitors

Compare PayLeap to competitors that earned top marks.

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Bottom Line

PayLeap scores well as a credit card processing provider due to its low complaint volume and competitive pricing. The service is particularly well-suited to specific business types that benefit from its internet PIN debit solution. In general, PayLeap garners very few client complaints and offers month-to-month contracts without early termination fees, a favorable arrangement for most small businesses.

To secure the best pricing, businesses should compare PayLeap’s contract terms with those offered by top-rated merchant accounts. This comparison will help ensure that business owners receive the most suitable rates and terms for their unique processing needs.

Read Actual User Reviews

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All user reviews have been moved to our partner, PaymentPop.com

Contact PayLeap

Contact & Customer Support
President and CEOScott Miller
Headquarters3634 E US Highway 30, Warsaw, Indiana 46580
Toll-Free Support(877) 472-9532
Additional Support ChannelsOnline Contact Form
Websitepayleap.com