VersaPay Credit Card Processing 2023: Reviews & Complaints

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VersaPay Rating
4.5/5
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Company Overview

Founded in 2005, VersaPay is a Canadian merchant account provider specializing in electronic invoicing services. In February 2017, BluePay acquired VersaPay’s entire merchant services portfolio, meaning that VersaPay merchants will use BluePay’s products and services to accept credit card payments. VersaPay itself was acquired in 2020 by Great Hill Partners, though the company is still operating under its own brand. VersaPay then acquired fintech company DadeSystems in 2022.

VersaPay Payment Processing

The company’s primary service is a proprietary accounts receivable management system, but it also offers payment processing for U.S. and Canadian merchants. VersaPay’s system integrates with POS systems, e-commerce, phone payments, and mobile payments.

VersaPay’s Mobile Payment Solutions

To cater to businesses that need the flexibility of mobile transactions, VersaPay offers a comprehensive mobile payment service. This allows businesses to accept and process card transactions from a mobile device, increasing the convenience and scope of their transactional capabilities, especially important for outdoor vendors and mobile service providers.

E-Commerce Services from VersaPay

Recognizing the growing importance of online commerce, VersaPay offers a secure online payment processing service. This service ensures that businesses can manage online transactions safely and efficiently, meeting the needs of today’s digitally connected customers.

Virtual Terminal Services of VersaPay

For businesses that conduct transactions via mail or over the phone, VersaPay’s virtual terminal service is an invaluable tool. This feature allows businesses to manually enter card details into a secure online system, providing a viable solution for processing remote payments.

Integrated Business Management Tools by VersaPay

In addition to their payment processing services, VersaPay also offers integrated software solutions that help streamline various aspects of business operations. These tools cover a range of functionalities, from payment processing to inventory management, CRM, and data analytics, assisting businesses in enhancing their overall operational efficiency.

Location & Ownership

VersaPay is an Elavon Payments Partner & Registered Partner/ISO of Elavon, Inc. Georgia. VersaPay is headquartered at 18 King Street East Toronto, ON, M5C 1C4. Craig O’Neill was CEO and director of VersaPay until 2023, when Carey O’Connor Kolaja became CEO.

Video Summary

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Table of Contents

  • Costs & Contract: Appears to offer variable contract terms through BluePay and…
  • Complaints & Service: Has received fewer than 10 public complaints regarding…
  • BBB Rating: Has no rating with the Better Business Bureau and has received 0 complaints in the past 3 years but…
  • Sales & Marketing: Does not appear to hire independently contracted sales agents and has received very few complaints about its…
VersaPay payment processing
VersaPay specifically focuses on the accounts receivable segment of the industry

VersaPay Customer Reviews

Here's What Their Clients Say

Key Points

Total Online Complaints <10
Live Customer Support Yes
Most Common Complaint N/A
Recent Lawsuits No

Low Complaint Total

We are currently able to locate four VersaPay negative reviews, none of which accuse the company of being a ripoff or a scam. One complaint was posted in 2010 and mentioned difficulty with setup and undesirable pricing. The remaining three complaints have been posted by current or former employees and cite a disorganized, unsupportive work environment. Given the general lack of merchant complaints about the company, these internal issues do not appear to affect the service offered by VersaPay, and they are not being counted against the company. If you have your own VersaPay review to make, please do so in the comments below.

Versapay Services Lawsuits

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

VersaPay Customer Support Options

The VersaPay website offers email support and an FAQ section as well as phone numbers for different locations, and these channels seem to be successful at resolving client complaints in-house.

VersaPay Customer Service Numbers

  • (866) 999-8729 – Sales
  • (888) 765-8729 – Solupay
  • (800) 325-4021 – 2CP
  • (877) 292-2520 – ChargeLogic

Other Support Options

VersaPay’s support team operates at a level that is comparable even to top-rated merchant account providers for great customer service.

VersaPay Online Ratings

Here's How They Rate Online

Online Ratings Summary

BBB Reports 0

Clean Complaint Record

VersaPay is not accredited with the Better Business Bureau and is currently showing a grade of no rating based on 0 complaints in the last 36 months, though it previously had an “A+”. It appears the main issue for the BBB is that they have the company’s old address and VersaPay did not respond to correspondence. Because of that, we believe the former grade of “A+” is still valid. VersaPay has not received any negative informal reviews either.

An “A” Performance

Given the company’s complaint total, we agree with the BBB‘s rating at this time. Business owners should note, however, that there are reasons to be skeptical of BBB ratings.

VersaPay Fees, Rates & Costs

A Closer Look at The Contract

Key Points

Cancellation Penalties No
Monthly & Annual Fees Yes
Processing Rates Variable
Equipment Leasing No

Month-to-Month Contract

The standard VersaPay terms and conditions detail a payment processing agreement that can be canceled at any time without an early termination fee. It is likely that the merchant account referred to therein is a BluePay contract. Client reviews of Bluepay reflect a fee structure of 2.39% plus $0.25 and 2.99% plus $0.20 for keyed-in transactions. BluePay also charges an annual PCI compliance fee of $99.

The page for VersaPay’s mobile payment solution advertises a per-transaction fee of 2.59% plus $0.15 per transaction but does not elaborate on any other costs or contract terms. It is also probable that rates and fees may be subject to variation depending on a merchant’s size, business type, and time in business.

Not Just Online Invoicing

In addition to its online software and mobile products, VersaPay does offer POS equipment, so business owners should be aware that any equipment leases that accompany their merchant services may have unique contract terms. At this time, there are no online complaints about VersaPay’s costs, indicating that the company’s pricing may be competitive with even the cheapest merchant accounts. If you have any specific knowledge of the standard VersaPay contract, please share that information in the comment section of this review.

VersaPay point of sale

VersaPay also offers point-of-sale and other payment processing services

VersaPay Employee Reviews & Sales Tacitcs

Should You Work For Them?

Key Points

Uses Independent Resellers No
Telemarketing Possible
Misleading Marketing No
Discloses All Important Terms No

Outside Sales Team

VersaPay appears to rely on strategic partnerships and a team of outside sales agents to market its services. We have found only one negative VersaPay review that mentions unethical tactics by the company’s sales team, and in this case, the merchant experienced unexpected difficulties with setup and an undisclosed termination fee in 2010.

No Deceptive Quotes

As a point in its favor, the company does not appear to engage in deceptive advertising strategies in its official materials. Given VersaPay’s low number of complaints, we are awarding VersaPay an “A” in this category for the time being. If you are concerned that VersaPay is overcharging you, we recommend seeking a third-party statement audit to eliminate hidden fees.

Our VersaPay Review Summary

Our Final Thoughts

VersaPay rates as a reliable credit card processing provider according to our standards. The company is showing a very low complaint volume and does not appear to engage in deceptive advertising, although little specific information is currently available about its contract terms. VersaPay’s overall rating may be subject to change once more information is known about its pricing. VersaPay may be an appealing option for businesses that are comparing QuickBooks-integrated merchant accounts.

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Your Comments & Reviews

How Did VersaPay Treat You?

1 Responses

  • Renee DePriest

    We are having trouble with VersaPay. Through the automated payments, they have charged us three times for our annual service with OnSolve. We have attempted to connect with VersaPay through their website, chat and phone number to no avail.

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