UPDATE 1/21/2019: Teledraft no longer appears to be an operational business, and the Teledraft website is unavailable at this time. It is likely that Teledraft has been rolled into Phoenix Payments, but we are currently unable to verify this. If you have any knowledge of Teledraft’s current status (including any rebrandings or DBAs), please let us know in the comment section of this review.
Founded in 2003, Teledraft (teledraft.com) is a company that specializes in ACH (Automated Clearing House), EFT (Electronic Fund Transfer) and credit card processing services. Teledraft is based in Chandler, Arizona, and its payment processing division is owned by Phoenix Payments. The company appears to service merchants in both the U.S. and Canada. The focus of this review will be on Teledraft’s merchant account and credit card processing services, and not on Teledraft’s other financial services. Phoenix Payments (and, by extension, Teledraft) is a registered ISO/MSP of Synovus Bank, 1125 First Avenue, Columbus, Georgia. Don Charles is listed as the owner of Teledraft.