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Can Vertex Payment Solutions Deliver Reliable Merchant Services?

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Vertex Payment Solutions

Rating
A
5/5
full starfull starfull starfull starfull star

Pros and Cons of Vertex Payment Solutions

Pros

Comprehensive payment services
EMV card readers
Mobile payment solutions
High-risk merchant accounts
ATM access services

Cons

Potential cancellation fees
Possible equipment leasing
Limited pricing transparency
Potential setup fees
No mobile app

Overview

In this review of Vertex Payment Solutions, we take a close look at their payment processing services, including credit card processing, point-of-sale systems, and e-commerce solutions. We examine their pricing, contract terms, and customer feedback to give readers a clear understanding of how the company operates. The review also covers fee transparency, the quality of customer support, and overall client satisfaction. By the end, you’ll have a balanced view of Vertex Payment Solutions and whether their services align with your business’s payment processing needs.

About Vertex Payment Solutions

Screen Capture of Vertex Payment Solutions Homepage
Vertex Payment Solutions Homepage

Vertex Payment Solutions is a merchant account provider based in Lehi, Utah. Vertex is a reseller of First Data (now Fiserv) merchant services and at the time of a previous update, its website claimed to have an eight-year relationship with that processor, which would indicate that Vertex has been in operation since at least 2006. However, the BBB documents it was incorporated with the State of Utah in 2009. The company’s website advertises that it provides accounts to high-risk merchants.

Products & Merchant Services

Payment Processing

Vertex Payment Solutions offers comprehensive payment processing services for major debit and credit cards. This service enables businesses to accept payments from a wide range of card networks.

EMV Card Readers and Swipers

Vertex Payment Solutions provides EMV card readers and swipers, essential for securely processing chip-enabled cards.

POS Solutions

Vertex Payment Solutions offers advanced Point of Sale (POS) solutions that help businesses manage sales transactions, inventory, and customer interactions efficiently.

Mobile Solutions

Vertex Payment Solutions supports mobile payment solutions, allowing businesses to accept payments via smartphones and other mobile devices.

Check Processing

Vertex Payment Solutions provides check processing services, enabling businesses to handle electronic check transactions securely and efficiently.

MOTO

Vertex Payment Solutions supports Mail Order/Telephone Order (MOTO) transactions, allowing businesses to accept payments from customers who place orders remotely.

ATM Access

Vertex Payment Solutions offers ATM access services, enabling businesses to provide cash withdrawal options for their customers.

Gift and Loyalty Programs

Vertex Payment Solutions provides gift and loyalty programs that help businesses implement customer reward initiatives.

Customer Reviews & Sentiment

Positive Reputation

We couldn’t find any reviews of Vertex Payment Solutions on typical consumer protection websites, suggesting the company maintains a trustworthy reputation without any indications of scams or ripoffs. This lack of complaints is particularly noteworthy given Vertex’s tenure in the industry. It seems the company’s phone and email support effectively address merchant concerns internally. While there’s a possibility that complaints meant for Vertex are misfiled against First Data (Fiserv), we haven’t come across any evidence supporting this claim. Share your own experience with Vertex Payment Solutions in the comments below.

Legal Standing

There are no ongoing class-action lawsuits or FTC complaints against Vertex Payment Solutions. Merchants seeking resolution outside of litigation are encouraged to report concerns to relevant supervisory bodies.

Customer Support at Vertex Payment Solutions

Vertex Payment Solutions offers dedicated support through phone and email channels, operating at a level comparable to industry leaders in customer service.

Industry Scores & User Ratings

Online Ratings Summary
BBB RatingN/A

Vertex Payment Solutions BBB Rating

Vertex Payment Solutions currently has no rating with the Better Business Bureau and has not received BBB accreditation. Vertex has received 0 complaints in the last 36 months. It has also not had any informal reviews posted to its BBB profile, although it should be noted that these reviews are not subject to verification by the BBB.

An “A” Performance

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

Processing Rates & Fees

Potentially Variable Contract Terms

Detailed information on Vertex Payment Solutions’ standard contract is not widely available. Being a reseller of First Data (Fiserv), Vertex’s merchant agreement and program guide are expected to closely align with First Data (Fiserv) terms. These standard agreements generally involve multiyear contracts, featuring an early termination fee of $495, a monthly PCI compliance fee of $19.95, and tiered pricing. Swiped rates for businesses processing up to $50,000 monthly are typically 2.69% plus $0.19, and keyed-in rates are 3.69% plus $0.19. Higher processing volumes alter these rates. Also common are non-cancellable, long-term equipment leases through First Data Global Leasing.

Vertex Payment Solutions, as a First Data (Fiserv) reseller, has the flexibility to modify these terms based on factors like merchant size, business type, and processing history. Due to the scarcity of specific information on Vertex’s rates and fees, merchants are advised to use First Data (Fiserv)’s terms as a baseline for comparison and negotiation.

No Contract Complaints

Business owners considering Vertex Payment Solutions should thoroughly inquire about all potential costs and negotiate favorable terms. The lack of public complaints regarding Vertex’s pricing and fees suggests that a majority of their clients are content with their contractual agreements.

For a broader view of available options, readers are invited to explore our list of the best merchant accounts.

Employee Reviews & Sales Practices

No Sales Complaints

Vertex appears to market itself primarily through a referral program and through traditional advertising. There’s no evidence at this time that the company utilizes independent sales agents, and we have not found any Vertex reviews that complain of unethical practices by the company’s sales team.

This compares favorably to our list of best credit card processors.

No Deceptive Ads

In addition, the Vertex Payment Solutions website does not appear to promote misleading rate quotes or deceptive offers. In light of these factors, we are awarding Vertex an “A” in this category. That said, we always recommend that businesses consider a third-party statement audit to find and eliminate hidden fees.

Vertex Payment Solutions Competitors

Compare Vertex Payment Solutions to competitors that earned top marks.

Bottom Line

Vertex Payment Solutions rates as a reliable credit card processing provider according to our rating system. The company has zero complaints online and shows no signs of engaging in deceptive sales strategies. However, as we cannot currently verify the specifics of its standard contract, readers should ensure they fully understand all potential costs before signing an agreement.

To obtain the best deal, businesses should also compare Vertex Payment Solutions’ pricing with that of top-rated credit card processors. This comparison helps them secure competitive terms and optimal value while addressing their specific payment processing needs.

Read Actual User Reviews

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

Contact Vertex Payment Solutions

Contact & Customer Support
OwnerCharles Miller
OwnerTroy Richardson
Headquarters62 N. Grant Ave, American Fork, Utah 84003
General Support(801) 766-3244
Fax(866) 554-4783
Websitevertexpayments.com