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.
In this review of Swypit, we take a closer look at their payment processing services, including credit card processing, point-of-sale systems, and e-commerce options. We’ll review their pricing, contract terms, and customer feedback to give you a clear picture of what they offer. We’ll also examine fee transparency, the quality of their customer support, and overall client satisfaction. By the end, you’ll know whether Swypit is the right fit for your business’s payment needs.
Swypit is a merchant account provider headquartered in Frisco, Texas. Founded in 2000, the company is a former reseller of another provider called Meridian Payment Systems, which was itself a reseller of NPC/Vantiv merchant services. Merchants should note that Meridian Payment Systems (Swypit’s former backend processor) may or may not maintain a website at the domain meridianpaymentsystems.com. A Swypit representative has informed us that this company is not related to Swypit.
Swypit processes all major debit and credit cards for most business types. Their services include EMV card readers and swipers, POS systems, e-commerce solutions, managing software, gift cards, and cash advances.
Swypit offers EMV card readers and swipers, which are essential for businesses looking to process secure, chip-enabled transactions.
The company also provides a variety of point-of-sale (POS) systems, designed to meet the needs of different types of businesses.
For businesses operating online, Swypit offers e-commerce solutions that provide secure payment processing.
Swypit also provides managing software to help businesses streamline their operations. This software integrates various business functions, such as inventory management and sales tracking.
Gift card services are another offering from Swypit. These services enable businesses to create and manage gift card programs, which can help drive customer loyalty and increase revenue.
Additionally, Swypit offers cash advances, providing businesses with quick access to capital. These advances can be used to support business growth, manage cash flow, or cover unexpected expenses.
Our search across typical consumer protection websites has yielded no negative Swypit reviews, indicating a positive reputation and a lack of fraudulent activity. While there have been two complaints directed towards its former partner Meridian Payment Systems, they are notably dated and potentially misattributed. Swypit’s commendable record, especially considering its tenure of 15-19 years, reflects its commitment to customer satisfaction. If you have your own Swypit review, we welcome you to share it in the comment section below.
There are no ongoing class-action lawsuits or FTC complaints against Swypit. Merchants seeking recourse for any issues are encouraged to report concerns to relevant regulatory bodies.
Swypit provides dedicated phone support for its merchants, facilitating prompt issue resolution. While commendable, this level of service does not elevate it to the status of a top credit card processor for customer service.
| PaymentPop | 5 |
|---|---|
| BBB Rating | N/A |
| Google Maps | 5 |
| Average Rating | 5 |
There are no negative reviews published about Swypit on the PaymentPop website.
We’ve had a good experience with Swypit so far. Getting started was quick, and they didn’t overwhelm us with technical jargon. Transactions run smoothly, and we can reach a real person when we need support. It’s been a dependable part of our operation.
Swypit currently maintains an “A+” rating with the Better Business Bureau and has been accredited since April 2013. The company is showing 0 complaints in the past 36 months. The BBB cites this clean complaint record as the primary factor raising Swypit’s grade.
Given the company’s clean complaint record, we agree with the BBB’s rating. Merchants should be aware, however, that there are good reasons to be skeptical of the BBB’s reviews.
Swypit has a 5 out of 5 star rating based on 9 user reviews on Google Maps.
Extremely responsive and very easy to work with. Couldn’t recommend them more!
There are no negative reviews published about Swypit on Google Maps.
A representative from Swypit indicated that their standard contract entails a three-year commitment accompanied by an early termination fee of $275. The contract also includes an annual PCI compliance fee, which is $90 for terminals and $165 for software, along with interchange-plus pricing.
Swypit provides equipment to merchants at no extra cost, with the understanding that this equipment is returned upon termination of service. If the equipment is not returned, the cancellation fee is intended to cover the cost of the equipment, which presents a reasonable approach from the company’s perspective.
In addition to storefront payment processing services, Swypit also offers virtual terminal and payment gateway services. Specific pricing for these services is not listed on their website. It’s probable that additional rates and fees, including gateway fees, technical support fees, batch fees, and extra transaction rates, are applicable to these e-commerce services.
While there are no prevalent complaints about Swypit’s rates or fees, it is advisable for merchants to thoroughly understand all potential charges before engaging services. Due to the absence of significant negative feedback, Swypit is currently rated “A” in this category.
We recommend merchants also explore our compilation of the leading merchant account providers.
According to a company representative, Swypit primarily markets itself through referrals, traditional advertising, and independent sales agents. We have not found any Swypit reviews that accuse the company’s sales team of unethical sales tactics, but there is one very old complaint filed against Meridian Payment Systems that describes an issue with a sales agent. A company representative has stated that this complaint could not have been filed by a Swypit merchant because the company has never leased equipment through Northern Leasing Systems. Overall, there isn’t any negative feedback related to Swypit’s sales tactics.
This compares favorably to our list ofbest credit card processors.
In addition, the company does not engage in deceptive rate promotion in its official materials. If you suspect that Swypit’s sales team has added undisclosed fees to your account, we recommend seeking a third-party statement audit.
Compare Swypit to competitors that earned top marks.
Swypit stands out as an exemplary merchant services provider according to our rating criteria. While specific pricing details are unavailable, there are no complaints online that raise concerns about Swypit’s sales tactics or customer service. Merchants are encouraged to carefully review their contracts and negotiate favorable terms, even with an “A” rated provider. To secure the best possible deal, they should also compare Swypit’s pricing to that of top-rated payment processors.
| President and CEO | Kevin Hodes |
|---|---|
| Headquarters | 3001 Dallas Pkwy #120b, Frisco, Texas 75034 |
| Toll-Free Customer Support | (877) 379-9748 |
| Additional Support Channels | Online Contact Form |
| Website | swypit.com |
