Xenex Payment Systems: Card Processing Reviews & Complaints

Xenex Payment Systems Logo
Xenex Payment Systems Rating
full star idicating a 3 out of 5 star rating full star idicating a 3 out of 5 star rating full star idicating a 3 out of 5 star rating empty star indicating a 3 out of 5 star rating empty star indicating a 3 out of 5 star rating

Agree with our rating?
Leave a comment below

image of a phone image of a phone that changes when your mouse hovers over it (888) 918-4409 View Pricing

Company Overview

Xenex Payment Systems is a New York-based merchant account provider. There is some indication that Xenex is a reseller of Global Payments contracts. Alternatively, there is also evidence that Xenex offers contracts through EVO Payments International.

Article Summary

Before we dive in, here’s a short summary of what we’ll cover:

  • Xenex Payment Systems’ various payment processing services.
  • The company has received a few complaints, but not many in recent years. Most of these complaints center around contract terms.
  • Xenex’s contract contains a number of expensive fees.

Xenex Payment Systems Payment Processing

Xenex Payment Systems processes all major debit and credit cards for most business types. Their services include EMV card readers/swipers, POS systems, e-commerce solutions, gift and loyalty programs, ACH and check services, cash advances, and next-day and same-day funding.

Zero Cost Program

The Xenex Zero Cost program allows clients to pass on credit card processing fees to customers. Customers are given the choice to use cash, debit, or credit.

Gift & Loyalty Program

Xenex offers customizable gift and loyalty cards to boost future sales and improve customer retention.

Check Services

The company’s check acceptance services include paper guarantee, point-of-sale conversion, and ACH debit. Additionally, EBT Card Processing caters to customers using government benefit programs.

Business Financing

Xenex collaborates with leading capital providers to offer up to $500,000 in business financing, aiming to support growth with a straightforward application process and rapid access to funds.

Merchant Cash Advance

The Merchant Cash Advance (MCA) provided by Xenex is an advance based on a business’s credit card sales, not a loan. Businesses can apply for an MCA and potentially receive funds in their account within 24 hours post-approval.

Funding Options

Xenex offers various funding options, including Standard ACH, next-day, and same-day funding to ensure business operations are not disrupted.

Location & Ownership

Founded in 1993, Xenex Inc./Xenex Payment Systems is a registered ISO/MSP of Deutsche Bank Trust Company Americas, New York, NY. The company’s headquarters was formerly listed at 1539 Broadway, Hewlett, NY 11517. The Better Business Bureau no longer lists a president or CEO, but Winston Sylvester was the last listed president and chairman of Xenex.

Table of Contents

Xenex Payment Systems payment processing
Xenex Payment Systems offers a variety of payment processing services

Xenex Payment Systems Customer Reviews

Here's What Their Clients Say

Customer Reviews Summary
Item Result
Total Online Complaints 10+
Live Customer Support Yes
Most Common Complaint Hidden Fees
Recent Lawsuits No

Hidden Fees

We are able to locate more than 10 Xenex Payment Systems reviews on various consumer protection websites. Several complainants (mostly the former employees) describe Xenex as a scam or a ripoff. The complaints generally describe undisclosed fees, unhelpful customer service representatives, and withheld income from the company’s sales agents. It appears that 3 of these Xenex Payment Systems complaints may have been filed by the same person regarding the same run-in with a sales agent, so they will be counted as one Xenex Payment Systems complaint. Some of these complaints received rebuttals from company representatives, who either alleged unfair character assassination or accused the complainant of being a competitor. If you have your own Xenex Payment Systems review to make, please do so in the comments below.

Xenex Payment Systems Lawsuits and Fines

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

Xenex Payment Systems Customer Support Options

It seems likely that Xenex outsources its customer support to Global Payments or EVO, but the company does offer live phone support as well as email support to merchants.

Xenex Payment Systems Customer Service Numbers

  • (888) 918-4409 – Toll-Free Customer Support
  • (516) 295-8851 – Fax
  • (800) 999-8674 – Chargeback Center
  • (800) 944-1111 – Emergency Authorization (Enter Bank ID: 067600)

Other Support Options

Xenex Payment Systems Online Ratings

Here's How They Rate Online

Online Ratings Summary
Item Result
BBB Reports 0

No Complaints Filed

An accredited business of the BBB since 2011, Xenex Payment Systems receives an “A+” at the BBB at this time of review. The company has received 0 complaints to its profile in the past three years. It also has not received any informal reviews.

An “A” Performance Overall

Readers should always be aware that there is reason to be skeptical of the BBB’s reviews. Given the company’s clean complaint record, we will not adjust the BBB’s rating at this time.

Xenex Payment Systems Fees, Rates & Costs

A Closer Look at The Contract

Cost & Fees Summary
Item Result
Cancellation Penalties Yes
Monthly & Annual Fees Yes
Processing Rates 1.00% - 4.99%
Equipment Leasing Yes

Three-Year Contract

The standard Xenex contract details a three-year agreement through EVO Payments International with a $595 cancellation fee, a $99 annual fee, a $20 monthly minimum fee, and tiered pricing. Complainants report varying amounts for these Xenex Payment Systems fees, so it’s likely that the terms of the contract vary from agent to agent.

Virtual Terminal and Payment Gateway Pricing

In addition to its storefront payment processing services, Xenex Payment System also dedicates a portion of its website to advertising its virtual terminal and payment gateway services. The company lists Authorize.Net, eProcessing Network, and NMI as its gateway providers. However, pricing will depend on which gateway provider it utilizes. Additional Xenex Payment Systems rates and fees, including gateway fees, technical support fees, batch fees, and additional transaction rates typically apply to these e-commerce services.

Beware Equipment Leases

We have also found several Xenex Payment Systems reviews that describe non-cancellable, 48-month equipment leases through Northern Leasing Systems. These leases can cost $50-$60 per month, which in most cases will far exceed the purchase cost of the equipment over the life of the lease. We encourage business owners to check out our list of the providers of the best merchant services.

Not Competitively Priced

Xenex Payment Systems’ contract terms are slightly more expensive than industry averages and are far from competitive with the cheapest merchant accounts. Businesses are encouraged to read all contract terms carefully and negotiate to receive the best rates.

Xenex Payment Systems point of sale

Xenex Payment Systems offers leases on a variety of point-of-sale systems

Xenex Payment Systems Employee Reviews & Sales Tacitcs

Should You Work For Them?

Jobs & Marketing Summary
Item Result
Uses Independent Resellers Yes
Telemarketing Likely
Misleading Marketing No
Discloses All Important Terms No

Outside Sales Agents

Xenex appears to hire independently contracted sales agents to market its services. This is a standard practice in the industry that often results in a higher complaint rate for a company, as it is difficult for any business to monitor and regulate the activity of independent agents. This hiring practice appears to be the cause of multiple negative Xenex Payment Systems reviews, with clients reporting nondisclosure of contract terms and former agents accusing their employers of withholding compensation.

Motivated by Commission

Xenex compensates its independent agents on a 100% commission basis, which may motivate them to lock businesses into long-term equipment leases or processing agreements. While Xenex does not require agents to meet a sales quota, it only provides leads based on performance, encouraging agents to close sales in any manner possible. This does not compare favorably to our list of best credit card processors.

No Deceptive Advertising

To its credit, the company does not appear to engage in any deceptive marketing strategies in its official materials. However, the nature of Xenex Payment Systems complaints prompts us to award the company a “B” at this time.  If you suspect that you have had undisclosed charges added to your Xenex Payment Systems contract, we recommend seeking a third-party statement audit to eliminate hidden fees.

Our Xenex Payment Systems Review Summary

Our Final Thoughts

Xenex Payment Systems rates as an average credit card processing services provider according our rating system. The company is showing an average complaint rate for its size and time in business, and the contract details we were able to obtain are not especially competitive. This credit card processor can improve its overall rating by improving its hiring practices and more closely monitoring the behavior of its agents in an attempt to limit complaints. We will continue to monitor the company’s reputation to determine whether it will become one of the worst-rated providers or a worthy competitor to the top-rated providers.

If you found this article helpful, please share it!

Your Comments & Reviews

How Did Xenex Payment Systems Treat You?

9 Responses

  • I’ve had an account with them since 2009 and appreciate working with a small company where I can call and get the support I need for my business financial transactions.

  • James michel

    total scumbags! ripoff and complete lies! stay far away from this chop shop. just google there address and you will see no corporate headquarters just a chop shop in a strip mall in the attic.

    From The Editor
    This Post Might Help: Best All-Purpose Merchant Accounts

  • Barry N Company

    Be aware that Xenex Payment Systems customer service is less than adequate when it comes to their long term customers and providing the necessary information to make sound business decisions regarding their services. Over the past 6 years of being one of their good standing customers, we were not given notice to a termination fee that would be deducted from our account due to us terminating our services with them. We were unaware that we were still in any contract with them that would negate a termination fee of any kind. We were taken for $495 fee plus 3 months of inactivity on our account. Leave it to the banking corporations to once again go after the small business’s bottom line. How can they keep getting away with this? “Government” needs to step in and make some changes. Xenex management, feel free to contact me regarding any corrections you can provide for my injustices.

    Are you with Xenex? Learn how to resolve this complaint.

  • This company has a sales representative named Ryan Anderson, he is a crook, he leased a credit card terminal to me, I am paying 57.46 on every month, he never explained I was in a contract for 48 months, now I’m hooked, I have 4 other merchants that he did the same thing to, we are getting a class action lawsuit against him, anybody else interested please blog this site!!

    • In defense to Ryan Anderson, he has always been a great guy to work with and Im pretty sure that this is his old employeer and now competition trying to slander his name and business.

    • Hi Andrew,

      It sounds like there could be a misunderstanding with the agreement you signed and I apologize for that. Unfortunately there is no way for us to identify your business so we can redress the wrong and remedy the situation. Please leave some way for us to identify your business below or you can reach out to us anytime from 9-5 Monday-Friday.

      Best Regards,

      Xenex Payment Systems

    • Same exact problem with the same exact person. He doesn’t explain that you are actually signing two contracts, there is nothing on the service contract that says you are entering into a 4 year contract for service ALONG with the contract to lease the machine.

  • william Fosmer

    We have been doing business with Xenex for about 3 years under the impression we did not have a contract because when we switched to them 3 years ago the person representing Xenex told me it was only a one year contract and after that I could cancel or switch without any cancelation charges, because that was a big issue last time I switched. Which brings us to present day. We had a few transactions that caused us a lot of greif, we are a small business and cash flow is very important to us, on a couple transactions they withdrew refunds before the oringinal money was ever credited to our account causing a overdraft on a couple of occasions in which they would only refund my tranaction charge and do nothing about my banks overdraw charges caused by them. they also held funds for two weeks that had nothing to do with the botched transactions.I decided to leave them and go with someone else and when I told them I was canceling they told me there would be a $495.00 cancellation fee as stated in my contract on page 3. I told them I did not have a page 3, it turns out there represetitve only gave me page 1 and 2 of 6 pages. End of story they got there money I am with my bank my transactions are quicker and my bank is crediting me the amount of the cacellation fee for switching. I am glad I switched.

  • Lajoya Roy

    I’ve been doing business with xenex for 3 yrs. I have a serious complaint. I full filled my contract and when I tried to cancel with proper procedures, they gave me the wrong information. They told me to cancel one month prior because there service automatically renews. I called and the personal gave me the wrong information. After they took my $250 they told me it was 30 days after your contract. Since my contract is up they have no interest of giving me my money back. Since my contract is up less than 30 days, what happened to being prorated?? You still have to take my whole $250. What a rip off! Who wants to give money away?? Don’t go with this company

Leave a reply

Your email address will not be published. Required fields are marked *


Comments must contain details about your experience. Please do not use ALL CAPS. Self-promotion, marketing content, or contact information of any kind will not be published. By submitting a comment, you are agreeing to our Comment Policy


Copyright © 2023 CardPaymentOptions.com, Inc. (Digital Fingerprint: 0d38c6720f0d78a701b74d58653af608). Getting paid to re-write this page? Click here to earn a reward.

Any unauthorized copying and reproduction of the content of this page, including all meta data and computer code, is strictly prohibited. While the information in the above article is believed to be accurate as of its publish date, the author and publisher make no representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the contents. The author and publisher shall in no event be held liable to any party for any direct, indirect, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this material, which is provided “as is,” and without warranties. Any and all use of trade names and/or marks are for identification purposes only and shall not be construed as a claim of affiliation, or otherwise, with CardPaymentOptions.com, Inc. ("CPO") in any form. The sole purpose of the material presented herein is to alert, educate, and inform readers. It is not intended as legal or financial advice. We may earn revenue if you obtain services from a provider that we recommend. See this page to learn how we support our operations.