Founded in 2000, Simpay is a nationwide merchant account provider that serves most standard-risk business types. The company is simply a rebranding of Alpha Card Services, which changed its name in 2017. Simpay claims that it currently supplies equipment and services to over 15,000 merchant locations throughout the United States.
In 2022, Simpay partnered with Fee Navigator.
Simpay Payment Processing
Simpay processes all major debit and credit cards for most business types. Their services include EMV card readers and swipers, POS solutions, mobile payments, e-commerce solutions, gift cards, cash advances, and employee management tools.
With the increasing use of mobile devices in business transactions, Simpay offers mobile payment solutions. This enables businesses to process transactions anywhere using mobile devices, providing added flexibility for businesses with mobile or remote operations.
Simpay provides point-of-sale (POS) systems, which facilitate sales transactions at physical locations. These systems not only process payments but also provide additional features that can aid in inventory management, sales tracking, and customer relationship management.
In addition to payment processing, Simpay offers payroll services. This allows businesses to streamline their payroll processes, including wage calculation, tax deductions, and paycheck distribution.
Gift and Loyalty Card Programs
Simpay offers services related to the implementation and management of gift and loyalty card programs. These services can aid businesses in retaining customers and encouraging repeat transactions.
Location & Ownership
Simpay is a registered ISO of Wells Fargo Bank, N.A., Concord, CA. Simpay maintains its corporate headquarters at 1210 Northbrook Dr #475 Feasterville-Trevose, Pennsylvania 19053. Lazaros Kalemis is the CEO and co-owner of Simpay.
|Zero setup fee
|Early termination fees apply
|Requires three year contract
|Payroll processing tools available
|Independent sales agents used
|Business development technology included
|Non-disclosed public pricing
|Domestic phone support
|Important terms not always clear
Simpay Customer Reviews
Here's What Their Clients Say
|Total Online Complaints
|Live Customer Support
|Most Common Complaint
Low-to-Moderate Complaint total
We are currently able to locate over 15 negative Simpay reviews, some of which accuse the company of being a ripoff or a scam. Common themes among these Simpay reviews include deceptive or aggressive tactics by independent sales agents, undisclosed hidden fees and contract terms, and apathetic or unreachable customer support. If you have your own Simpay review to make, please do so in the comments below.
Simpay Lawsuits and Fines
We have not found any outstanding class-action lawsuits or FTC complaints filed against Simpay. Dissatisfied clients who wish to pursue a non-litigious course of action against the company should consider reporting it to the relevant supervisory organizations.
Simpay Customer Support Options
The Simpay website provides a customer support email address and a phone number, though it is unclear what kind of service is provided at the number.
Simpay Customer Service Numbers
- (866) 253-2227 – Toll-Free Customer Support
Other Support Options
- Customer service email address at [email protected]
We will award Simpay a “B” rating in this category because the company’s current customer support options do not qualify it as a top-rated customer service processor.
Simpay Online Ratings
Here's How They Rate Online
Clean Complaint Record
Simpay has an “A+” rating with the Better Business Bureau and has been BBB accredited since 2011. The company has received 6 complaints in the past three years. Only 4 of these 6 complaints was resolved by the company to the satisfaction of the merchant.
What Merchants Say
Simpay has received no reviews in the last 36 months on its profile. A previous review details describe trouble terminating accounts:
This situation begins at the recruitment level when *** recruited us..*** to sell credit card processing to our current merchants that we have ATM business through and is our core business. We were promised and sold on the premise idea that *** understood that all of our customers were from our current ATM porfolio and we had to have the ability to cancel our customers from card processing without penalty or fee, at anytime for any reason. We only made this request because our core business is the ATM customer. *** agreed 100% and promised us that we had complete constrol over all fees and if to charge them or not. This has proven to be false. ***, now SIMPAY continues to charge our former customers fees even though they no longer process with SIMPAY and have all expressed in writing their desire to cancel
Businesses can potentially avoid situations like this by canceling their merchant account without paying a fee.
An “A” Performance
Given the company’s low complaint total, we agree with the BBB’s rating at this time. If its complaint total increases, however, we will lower it.
Simpay Fees, Rates & Costs
A Closer Look at The Contract
|Monthly & Annual Fees
|1.00% - 4.99%
Simpay Contract Terms
According to the Simpay program guide (available below), the standard Simpay contract is a five-year agreement that renews automatically for one-year terms following its expiration. Alpha Card Services’ standard contract included an $89.99 annual membership fee, a $35 monthly minimum fee, a $10 statement fee, a $19.99 quarterly regulatory compliance fee (which may be a PCI compliance fee), a $40 monthly PCI noncompliance fee, a $35 chargeback fee, and a tiered pricing schedule.
Simpay Cancellation Fee
There is also an early termination fee associated with most Simpay contracts that begins at $250 but can include the remaining months of a contract. This Simpay fee is a liquidated damages fee, which has the potential to increase a merchant’s overall termination fee by a significant and unpredictable amount. Clients are advised to read the small print of any contract they are given to ensure that they will not be held accountable for more than the $250 cancellation fee (and even this fee is often negotiable).
We have found some Simpay complaints related to its contract terms, which we feel merit a “D” in this category. We do not believe that Simpay’s contract terms are competitive with the cheapest merchant accounts. See the standard Simpay program guide. We also encourage business owners to check out our list of the providers of the best merchant services.
Simpay Employee Reviews & Sales Tacitcs
Should You Work For Them?
|Uses Independent Resellers
|Discloses All Important Terms
Inside/Outside Sales Team
Simpay appears to hire both direct sales representatives and independently contracted sales agents across the country to market its services. We have found several reports in the comment section of our Alpha Card Services review and on other consumer protection websites describing encounters with Simpay agents who failed to disclose important contract terms at the point of signing. These Simpay reviews do not compare favorably to our list of best credit card processors. A company representative has stated, however, that it is standard policy for all businesses to be provided with a summary sheet disclosing all fees before signing, and follow-up calls are then made to the client at two-week and then quarterly intervals.
No Deceptive Quotes
To its credit, Simpay does not appear to use any deceptive marketing tactics on its website. If you suspect that Simpay is overcharging you, we recommend seeking a third-party statement audit.
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