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Looking for Reliable Merchant Services? A Close Look at TransGlobal Payment Systems

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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.

TransGlobal Payment Systems

Rating
A
4.5/5
full starfull starfull starfull starempty star

Pros and Cons of TransGlobal Payment Systems

Pros

Low processing fees
Secure payment platform
Various payment technologies
Next day funding
24/7 customer support

Cons

Undisclosed pricing
Independent sales agents
Few complaints
Potential rate increases
Variable contract terms

Overview

In this TransGlobal Payment Systems review, we’ll give you a clear look at their credit card processing services, including point-of-sale (POS) systems, mobile payment solutions, and e-commerce tools. We’ll outline which types of businesses may benefit most from these services and highlight customer feedback to show common trends and concerns. We’ll also cover pricing, contract terms, and specific service details so you know what to expect. By the end, you’ll have the information you need to decide whether TransGlobal Payment Systems is the right fit for your business’s payment processing needs.

About TransGlobal Payment Systems

Screen Capture of TransGlobal Systems Homepage
TransGlobal Payment Systems Homepage

TransGlobal Payment Systems is a merchant account provider based in Houston, Texas. The company formerly operated under the name of Five Star Merchant Services. TransGlobal is a reseller of First Data contracts, although the company’s website lists other partners including TSYS, Global Payments, and Chase Merchant Services. The company advertises Clover and its own proprietary model of POS solutions named Trans POS.

Products & Merchant Services

Payment Processing

TransGlobal Payment Systems offers processing services for all major debit and credit cards, catering to various business types.

EMV Card Readers and Swipers

EMV card readers and swipers are tools for businesses that prioritize secure payment processing. These devices are designed to read the embedded chip in EMV cards, offering a higher level of security compared to traditional magnetic stripe readers.

POS Systems

Point of Sale (POS) systems are the backbone of efficient retail and service operations. These systems allow businesses to manage sales transactions, inventory, and customer data all in one integrated platform. Modern POS systems are equipped with features such as real-time reporting, employee management, and multi-payment processing options, ensuring a seamless checkout experience for customers.

E-Commerce Solutions

E-commerce solutions are for businesses looking to thrive in the digital marketplace. These platforms enable businesses to set up online stores, manage product listings, process payments, and fulfill customer orders efficiently. Integrated payment gateways and virtual terminals ensure that online transactions are secure and seamless, providing customers with a smooth shopping experience. E-commerce solutions also offer tools for inventory management, customer relationship management, and analytics.

Gift and Loyalty Programs

Gift and loyalty programs are tools for businesses aiming to increase customer retention and drive repeat business. Gift cards offer a flexible purchasing option, often encouraging recipients to visit the store, while loyalty programs reward customers for their continued patronage through points, discounts, or special offers.

ACH and E-Check Processing

ACH (Automated Clearing House) and e-check processing provide businesses with a secure and cost-effective way to handle electronic payments directly from customers’ bank accounts. These payment methods are particularly advantageous for recurring transactions, such as subscriptions or bill payments, due to their lower processing fees compared to credit cards.

Customer Reviews & Sentiment

Low Complaint Total

Our search reveals a limited number of TransGlobal Payment Systems reviews. One particular review, found in the comments below, labels the company as a scam or ripoff, citing undisclosed fees of $200 and difficulty in reaching customer support. Other reviews for TransGlobal Payment Systems occasionally mention unexpected higher fees and challenges in canceling services. Your experiences and feedback about TransGlobal Payment Systems are valuable; please feel free to share them in the comments section below.

TransGlobal Payment Systems Lawsuits and Fines

We have not identified any outstanding class-action lawsuits or Federal Trade Commission (FTC) complaints against TransGlobal Payment Systems. Clients who prefer a non-litigious method for addressing issues with the company are advised to report their concerns to relevant supervisory organizations.

TransGlobal Payment Systems Customer Support Options

TransGlobal provides standard customer support through phone and email, which aligns with the basic expectations from top-rated payment processors recognized for excellent customer service. Given TransGlobal’s partnerships with multiple payment processors, there is a possibility that customer service might be partially outsourced, potentially leading to complaints being directed more towards these larger entities rather than TransGlobal. In the absence of definitive evidence of such outsourcing, we currently award TransGlobal an “A” rating for their customer support.

Industry Scores & User Ratings

Online Ratings Summary
PaymentPop5
BBB RatingN/A
Google Maps5
Average Rating5

PaymentPop Rating for TransGlobal Payment Systems

Negative Feedback

There are no negative reviews published about TransGlobal Payment Systems on the PaymentPop website.

Positive Feedback

TransGlobal Payment Systems made onboarding easy and didn’t overcomplicate the setup. They handled our questions directly, and once we were live, the processing has stayed smooth. It’s been a low maintenance system that just works in the background.

TransGlobal Payment Systems BBB Rating

TransGlobal currently has an “A+” rating with the Better Business Bureau and has been accredited since March 2015. The company is showing 0 BBB complaints in the last 36 months. It is also not showing any informal reviews on its profile, although it should be noted that these reviews are not subject to verification by the BBB.

An “A” Performance

Given the company’s clean complaint record, we agree with the BBB’s rating at this time. However, clients should note that there are good reasons to be skeptical of the BBB’s rating system.

Google Maps Rating for TransGlobal Payment Systems

TransGlobal Payment Systems has a 5 out of 5 star rating based on 67 user reviews on Google Maps.

Positive Feedback

These guys are extremely helpful and transparent. I definitely recommend them. They are there to help with any obstacles that may come along the way. You won’t be just a one time customer

Negative Feedback

There are no negative reviews published about TransGlobal Payment Systems on Google Maps.

Processing Rates & Fees

Variable Contract Terms

The specifics of the standard TransGlobal contract are not publicly detailed, yet the company’s affiliations with notable processors like First Data, Global Payments, TSYS, and Chase Paymentech suggest a range of possible contract conditions. These conditions often depend on factors such as the merchant’s business scale, industry, operational history, and the agent managing the account setup. Typically, contracts through these processors involve multi-year commitments, with varying early termination fees (ETFs) and possible PCI Compliance fees.

Virtual Terminal and Payment Gateway Pricing

TransGlobal Payment Systems also showcases its virtual terminal and payment gateway solutions, though specific pricing details remain undisclosed. It is common for these e-commerce services to include additional charges such as gateway fees, technical support fees, batch fees, and extra transaction fees.

Level 2 and Level 3 Processing Services

TransGlobal Payment Systems extends its offerings to include Level 2 and Level 3 processing for B2B and B2G transactions. These services cater to corporate credit card transactions, utilizing specialized interchange rates and requiring advanced payment processing technology to handle the extensive data necessary for these types of transactions.

Feedback on Contract Complaints

There are limited complaints related to contract terms associated with TransGlobal, with one referencing a $200 fee charged during the first month of service under the company’s previous name, Five Star Merchant Services. Merchants considering TransGlobal should weigh these considerations while also seeking the most competitive rates. Sharing experiences or detailed information regarding TransGlobal’s contracts can provide valuable insights to others in the comment section below.

For broader options, business owners are encouraged to explore our selection of the top merchant services providers.

Employee Reviews & Sales Practices

Outside Sales Team

TransGlobal appears to utilize independent sales agents and ISOs to market its services. This practice is common within the credit card processing industry and is usually a contributing factor to high complaint totals against a company, and there are few publicly listed negative TransGlobal reviews. One found in the comment section below describes deception by the company’s sales agents. The client in this case claims that a $200 fee was not disclosed before signing up.

This does not compare favorably to our list of best credit card processors.

No Deceptive Quotes

As a point in the company’s favor, the TransGlobal website is devoid of misleading promotions. We therefore award TransGlobal an “A” in this category. However, if you suspect that TransGlobal is sneaking hidden fees into your contract, you can double-check your monthly bill with a third-party statement audit.

TransGlobal Payment Systems Competitors

Compare TransGlobal Payment Systems to competitors that earned top marks.

Bottom Line

TransGlobal Payment Systems rates as a reliable credit card processing provider according to our rating system. Although specific contract details are currently unavailable, the company has only a few public complaints and shows no signs of engaging in deceptive sales tactics. As TransGlobal continues to grow its merchant base and establish a stronger reputation within the industry, its score may change.

We advise business owners to compare TransGlobal’s pricing and services with those offered by top-rated merchant account providers. By thoroughly evaluating multiple options, businesses can ensure they select the most cost-effective and suitable credit card processing solution for their needs. This careful approach will help businesses make informed decisions that align with their financial goals and operational requirements, ultimately securing a reliable and efficient payment processing partner.

Read Actual User Reviews

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

Contact TransGlobal Payment Systems

Contact & Customer Support
CEOShuaib Bombaywala
Headquarters2600 S Gessner Rd #504, Houston, Texas, 77063
Toll-Free Customer Support(866) 808-2241
Local Office(713) 243-0000
Additional Support ChannelsOnline Contact Form
Websitetgpayment.com