Paymentsense Merchant Services 2023: Reviews & Complaints

Paymentsense Rating
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image of a phone image of a phone that changes when your mouse hovers over it 0800 103 2959 View Pricing

Company Overview

Paymentsense is a very large merchant account provider that claims to service over 70,000 businesses in the UK. Paymentsense is the UK branch of First Data (now Fiserv), the largest payment processor in the United States. Paymentsense provides conventional countertop and e-commerce payment solutions as well as mobile payment apps for UK merchants. In 2018, the company launched Connect a cloud-based technology that facilitates its payment processing network.

2023 Refund Issue

Paymentsense made headlines in 2023 when an internal report revealed that UK businesses using Paymentsense lost over £48 million to refunds. It should be noted that while this story created a relatively large media buzz and was associated with the Paymentsense name, Paymentsense is not responsible for this issue but is simply reporting on it.  These refunds came because of the policy of individual businesses and not because of anything done by Paymentsense.

Paymentsense Payment Processing

As part of Fiserv, Paymentsense offers payment processing on all major debit and credit cards for most types of businesses. Their advertising particularly focuses on enabling merchants to take payments in person, over the phone, and online. For in-person payments, they offer Ingenico card readers in portable, mobile, and countertop options. For online payments, they offer e-commerce shops, their own payment gateway, and the ability to pay by email. Their phone option uses their proprietary virtual terminal.

E-commerce Solutions

For businesses that operate online, Paymentsense provides e-commerce solutions that can help streamline the payment processing process. These solutions include online payment gateways, shopping cart integrations, and secure payment processing.

Merchant Cash Advance

Paymentsense offers merchant cash advance services that allow businesses to access cash quickly and easily. This service provides businesses with a lump sum payment in exchange for a percentage of their future credit card sales.

Integration with Point of Sale Systems

Paymentsense’s service can be integrated with a variety of point of sale (POS) systems. The company’s processing solution can smoothly interact with existing POS software, making it easy to synchronize sales data with payment information.

Mobile Payment Solutions

In recognition of the increasing shift towards mobile commerce, Paymentsense offers mobile payment solutions. These services accommodate businesses that operate beyond traditional brick-and-mortar settings, allowing for the processing of payments on the go.

Payment Gateway for E-commerce

For businesses that operate online, Paymentsense provides a secure payment gateway. This tool facilitates e-commerce transactions, enabling businesses to accept credit card payments on their websites safely.

Card Machine Options

Paymentsense offers different types of card machines to suit various business needs. From countertop models for fixed point of sale to portable and mobile card machines for more flexible operations, the company provides diverse hardware solutions for payment processing.

Location & Ownership

Founded in 2008, Paymentsense is located at The Brunel Building, 2 Canalside Walk, London W2 1DG. Jan Farrarons and George Karibian are the co-founders of Paymentsense.

Table of Contents

Paymentsense UK payment processing
Paymentsense is the UK branch of Fiserv’s payment processing division

Paymentsense Customer Reviews

Here's What Their Clients Say

Customer Reviews Summary
Item Result
Total Online Complaints 600+
Live Customer Support Yes
Most Common Complaint Hidden Fees
Recent Lawsuits No

More Than 600 Complaints

We are currently able to locate more than 600 negative Paymentsense reviews, including in the comment section below this Paymentsense review and elsewhere. Complainants report issues that are typical of First Data (Fiserv) and its resellers, including undisclosed fees, higher-than-expected rates, long-term equipment leases, and poor customer service. These complaints have been posted very frequently and are loaded with consistent grievances, indicating that these issues may be systemic at Paymentsense. If you have your own Paymentsense review to make, please do so below.

Some Reviews Are Not Reliable

Paymentsense currently has a 4.7 out of 5 rating based on 7,004 reviews on, a customer review website. Despite that rating, 13% of those reviews, an excess of 850, give the company 1 or 2 out of 5 stars. This figure is not especially meaningful, though, given the fact that Trustpilot allows businesses to pay a fee in order to exert some control over their profiles. A survey of available Paymentsense reviews on Trustpilot reveals that at least some reviews have been flagged for review by Paymentsense and are currently unavailable. The company’s ability to report comments and subject them to review greatly reduces the credibility of this profile in our opinion, and we are not inclined to lend much credence to the company’s rating.

Mixed Reviews From Business Owners

On UK Business Forums, another consumer protection website, users have mixed reviews of Paymentsense. Some commenters praise the company’s locked-in rate guarantee, low rates, and customer service, while others bemoan its long-term equipment lease commitments and unexpected fees. Paymentsense is rarely described as a cheap merchant account provider.

Paymentsense Lawsuits and Fines

We have not found any outstanding class-action lawsuits or FTC complaints filed against Paymentsense. Dissatisfied clients who wish to pursue a non-litigious course of action against the company should consider reporting it to the relevant supervisory organizations.

Paymentsense Customer Support Options

Paymentsense provides phone and email support for its customers, which likely helps to mitigate complaints regarding poor customer service.

Paymentsense Customer Service Number

  • 0800 103 2959 – Toll-Free General Customer Service

Other Support Options

Paymentsense Online Ratings

Here's How They Rate Online

Online Ratings Summary
Item Result
Trustpilot Rating 4.8
Average Rating 4.8

Trustpilot Rating Analysis

Paymentsense has an average customer review rating of 4.8 out of 5 stars on Trustpilot, based on 7,284 customer reviews. The majority of reviews are positive, with 81% of them being 5-star ratings. Common themes in the reviews include appreciation for helpful customer service and efficient problem resolution.

Negative Feedback

Woke up this morning to see these have taken £131 out my bank account haven’t dealt with these for more then a year so was surprised to see them still taking money out my account with out any authorisation.
– Review from November 15, 2023

Positive Feedback

Kevin was extremely helpful and sorted the problem with our credit card terminal. He had all the patience. Thanks once again for such good customer service.
– Review from November 20, 2023

I’ve been with PS for around 15 years. I get that there are cheaper alternatives. I don’t swap to another company because, I’ve had great customer service. I love the App, think the instant transfer option is really reasonable at 1% I’ve got next day transfers which I requested and they sorted that really quickly. I would like to have next day include weekend and bank holidays but it doesn’t so 4 stars overall very happy.
– Review from November 14, 2023

Source: Trustpilot

Paymentsense Fees, Rates & Costs

A Closer Look at The Contract

Cost & Fees Summary
Item Result
Cancellation Penalties Yes
Monthly & Annual Fees Yes
Processing Rates Variable
Equipment Leasing Yes

Discounts for Paying Annually

Paymentsense does not disclose all of its pricing details on its website or in its merchant agreement, but it does list its monthly fees for online payments via a payment gateway and virtual terminal-enabled phone processing. These fees can be paid annually or monthly, but businesses receive a discount for paying for a year upfront. Both types of payment plans cost £9.95 per month (£8.29 if paid annually) for businesses processing up to £50,000 per year, £14.95 per month (£12.45 if paid annually) for businesses processing between £50,000 and £250,000 per year, and £19.95 per month (£16.62 if paid annually) for businesses processing between £250,000 and £1.2 million per year. Client reviews reflect a rate of 0.20% for swiped transactions and 0.20% plus 50p for those keyed in. Each per-transaction fee is in addition to the cost of monthly payment plans.

Virtual Terminal and Payment Gateway Pricing

In addition to its storefront payment processing services, Paymentsense also dedicates a portion of its website to advertising its virtual terminal and payment gateway services. The company offers 3 different plans to facilitate online payments determined by a business’ yearly processing revenue. The Starter Plan is available to business owners processing up to £50,000 per year at a cost of £8.29 per month. The Regular Plan serves businesses processing up to £250,000 a year for a monthly fee of £12.45. Lastly, businesses processing up to £1.2m a year qualify for the Advanced Plan which has a monthly see of £16.62. According to the company’s terms and conditions, its payment gateway plans do not enforce an early termination fee and are in effect month-to-month agreements.

Multi-Year Contracts Are Possible

According to client comments available online and responses from company representatives, the standard Paymentsense contract includes an agreement of 18 to 60 months, with locked-in rates decreasing as the contract length increases. The company’s specific transaction fees vary depending on a client’s business type, size, and time in business as well as the terms presented by the sales agent. Most complaints about the company’s contract terms mention that although Paymentsense rates are locked in over the life of a contract, the company may introduce unexpected minor monthly charges over time, such as statement fees, 24-hour terminal replacement fees (£1.89 per month, according to some reports), or PCI compliance fees (£5.94 per month, according to some reports).

Termination Fees May Apply to Leased Equipment

Most reviewers also indicate that Paymentsense charges an early termination fee for the cancellation of its equipment leases, which can range from a £120 plus VAT to Liquidated Damages. Business owners are encouraged to inquire about these terms before signing up for service. We have seen an influx of complaints about five-year leasing agreements that ultimately cost far more than the retail cost of the equipment, and we continue to recommend that businesses purchase used equipment rather than buy new equipment whenever possible. Paymentsense claims to not charge an early termination fee on its actual client accounts, but the cost of canceling a terminal often exceeds most common ETFs. When it comes to providers that do not charge this kind of fee, we encourage merchants to check out our list of the providers of the best merchant accounts.

Merchant Feedback Is Not Encouraging

Given the company’s size and diverse customer base, it is difficult to determine exact figures for the standard Paymentsense contract at this time. However, the rate and volume of Paymentsense complaints we have received about the company’s pricing suggest that there is a high potential for undisclosed fees through this provider. If you suspect that undisclosed fees have crept into your monthly statement, we recommend seeking a fee reduction audit from an independent third party.

Paymentsense UK e-commerce pricing

Paymentsense UK’s e-commerce pricing tiers

Paymentsense Employee Reviews & Sales Tacitcs

Should You Work For Them?

Jobs & Marketing Summary
Item Result
Uses Independent Resellers Yes
Telemarketing Yes
Misleading Marketing No
Discloses All Important Terms No

Resellers and Telemarketers

Paymentsense appears to primarily market itself through independent sales agents and telemarketing efforts. The use of independent sales agents is a practice that is commonly linked to business complaints within the credit card payments industry, and Paymentsense’s reputation appears to suffer from its use of this practice. We have found dozens of negative Paymentsense reviews that mention aggressive or misleading sales tactics by Paymentsense representatives, discrepancies between promised rates and actual rates, and incomplete disclosure of contract length. This does not compare favorably to our list of best credit card processors.

Unfulfilled Promises

Some Paymentsense complaints also state that Paymentsense sales agents promised clients that the company would pay the business’ cancellation fees with their previous providers, only to have Paymentsense deny this guarantee and refuse to follow through on it. These Paymentsense reviews have been posted with regularity and are similar to the complaints that have been filed against Paymentsense’s U.S. partner, First Data (Fiserv).

No Tricky Quotes

To its credit, Paymentsense does not engage in deceptive advertising strategies in its publicly available marketing materials. This is not enough to qualify it as a top-rated UK merchant account provider, but it does somewhat mitigate the Paymentsense complaints from business owners.

Our Paymentsense Review Summary

Our Final Thoughts

Paymentsense rates as a below-average credit card processing provider according to our criteria. The company offers long-term equipment contracts with locked-in rates that some reviewers feel are competitive, but most complainants report unexpected fees, aggressive sales practices, and poor customer service. Paymentsense rates about as well as its U.S. parent company, First Data (Fiserv), because it appears to be very similar in terms of its sales and service offering. Paymentsense users who wish to cancel their service without a fee may encounter some difficulty due to the company’s contractual language.

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Your Comments & Reviews

How Did Paymentsense Treat You?

139 Responses



    HIDDEN FEES !!!!!! When the rep spoke to us we explained that we had suffered in the past with hidden fees, said we wanted all charges listed in an email that we would expect to pay throughout our contract. I have been on the phone for over an hour today trying to find out why I have extra fees on my bill. Apparently were free for the first 3 months then we were supposed to cancel them !!! One of the charges is so you can access their portal which has the monthly statements on, another new one was an account on file fee and a PCI phone in service fee. We have a very small business where every penny counts, why do they assume that they can charge what they like and their answer is “you signed the contract!!!!”
    FROM A VERY ANGRY/FRUSTRATED CUSTOMER who will be changing supplier asap.

  • vanessa woodward

    old joes golf

    had a terrible experience. I was offered a 30 day trial on phone so let salesman Joseph from bury-st edmunds come to see me. asked for a sample signature,this was really a contract signing. Total deception bordering on criminal, did the same to my tenant next door. Also never told us there was a transaction fee of 3.85 pence (very high) or other hidden charges.
    The free trial never existed. I cancelled next morning as I was conned into signing a contract that I had never read and wasnt told what I was signing. Apart from that,lovely young man !!
    Found out over 700 complaints had same experience, they are obviously trained to make you sign under false pretense.

  • Got a phone call from a rep saying that due to covid the government was giving special deals in contracts on numerous services and there was a rep in my area if I wanted to see what they offered.
    The rep turned up and would not give me any figures to read concerning the interest rates and costs for a card machine.
    The rep told me that it would be all on an email to check over once we had gone through the formalities,
    I felt under a lot of pressure from the rep and it was a very quick hard sell, I kept on telling him that i needed to check the figures out to see if it was worth while, he said it would all be in the email and I had 28 days to accept it.
    Cut a story short, he got me to sign his lap top for my permission to have the figures and the next thing I know is I was signed up with this company.
    It was more expensive than my present provider and the figures he kept quoting were not the whole amounts
    I called paymentsense and cancelled the contract which they did and were very helpful until I wanted my personal information destroyed and they said it was on record for 7 years.
    Feel like ive been mugged off and tricked into something I did not want

  • Steve Howes

    Steve Howes
    Paymentsense did not fullfil there side, they provided me with the wrong card machine even though the rep had been given the model number of the one i was currently using. Wrong card machine sent but the rep and customer services did not respond or act until i told them to cancel contract as it had not even started therefor not ratifying it. They now want to sue me for cancellation of contract for over £700 plus vat. They are a total disgrace and just want your money at all costs. When taking out a contract you have to trust what what you are signing, paymentsense misled me on what they offered. They abused my trust in them!!

  • sonila sallaj

    Worst card machine ever .
    had previously my card machine , but Nicholas came to offer me his rubbish card machine , everyday charging me money . suppose my monthly bill to be total 35 but the reality i am paying 85 £ .
    will never recomend this machine .

  • Awful avoid payment sense at all costs. We were a customer for a two year contract unbeknownst to us when we contacted them as we believed we were out of contract, they informed us that we had renewed for a further 5 years???? Never, ever would we commit to a 5 year contract when the market for card machines is open. They are under hand, renew contracts and then say you have renewed??? When this is questioned they eventually offer to “HELP”! Shocking, their idea of help is arrange to just charge terminal rent for the duration of contract that was never renewed and certainly wouldn’t have renewed with them for a further 5 years??? However, they then go through several emails and agree to a charge which to be frank is robbery. Then when you check your statements you find actually the emails back and fourth were a pointless exercise and they “Paynent Sense” continue to charge, well basically whatever they choose. Awful company avoid, avoid, avoid.

    This post will help: Cancelling a Merchant Account Without Paying a Fee


  • Astrid Fitzpatrick

    Stay clear of this company, there are so many hidden charges it is shocking. Now they want to charge me a termination fee after 100’s of euro’s they got out of my company in charges I never signed up for.
    Don’t make the same mistake I did

    This post will help: Cancelling a Merchant Account Without Paying a Fee




    Took out a contract, advised it was an 18 month contract, and able to cancel after this period with no additional costs…Closed down our business in March, and then enquired at the time that we had in fact, signed for 60 months with varying cancellation charges. i called again today bounced back and forth between payment sense ad First Data ( 1 hour 20 mins ) no one accepting responsibility to then go through to collections department to advise i owe then over £500 and that i havent returned the terminal and owe then an additional £705.00 i have reinstated the dd to keep the monthly line rental going after cancelling in march and advised i received no correspondance what so ever to return the terminal otherwise we would have… i am now returning the terminal and asked that i see the contract that i happily E signed… ???? i said i was advised 18 months and my contract should now be finished… so now has a marker on my credit file and being dealt with by thier collection team as i am not forking out the £500+ for cancelling >>>> completely furious is an understatement…. !!!!

    This post will help: Cancelling a Merchant Account Without Paying a Fee

  • Jon Fratschoel

    We where totally screwed over by the Irish rep who promised us that “all major credit cards will be accepted that they are in negotiations with some and it will take place in the next 2 month we signed a 2 year contract with them and found out that they never had negotiations with some credit card provider the rep vanished overnight never to answer and the company has made it clear that if we cancel the contract we are paying a penalty
    I do understand that if you are in breach of a contract that it results in a penalty but what happens when they are in breach nothing the least they could do is question the rep and find common ground all they did is disrespect us and disregard our concern I hope screwing over small businesses is not a regular thing with this company
    I am shocked of their conduct

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