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Credit Card Processing Companies Reviews
98%
Approval Rate
2 Days
Setup Time
NO
Free Terminal
1.79%
Average Rate
$0.24
Transaction Fee
$ 7.50
Statement Fee
1-2 Days
Clear the Account
$ 25.00
Montly Minimum
97%
Rating
Chase Paymentech
About:
Chase Paymentech is a subsidiary of JPMorgan Chase. It was founded in 1985 as Paymentech, Inc. in Dallas, Texas, and was acquired by JPMorgan Chase in 2005 operating under the name Chase Paymentech. It is a well established name in the credit card processing industry with a respected global presence.
Pros:
Sales team will try to customize to your needs without upselling to services you don't need. Provides the merchant with a wide range of payment options including check verification or check guarantee (at an additional charge) and has a specific offering for retailers. 24/7 help is available.
Cons:
There are a number of online complaints about service, including being promised one set of rates, charged another; buyer remorse of merchants agreeing to long-term contracts that did not work out; and some merchants complaining about the ease and fairness of dispute resolution. Chase customers are said to get preferential treatment. Fees are competitive, but not the lowest.
Conclusion:
Chase Paymentech appears to be an excellent choice for many for their credit card processing needs; some competitors are going to have higher rates and fees, others lower. As with any commitment, be sure to read your contract and understand your rates and terms, rather than rely solely on the verbal presentation of a salesperson. For the vast majority, Chase Paymentech is well within their comfort and satisfaction zones.
Chase Paymentech is a subsidiary of JPMorgan Chase. It was founded in 1985 as Paymentech, Inc. in Dallas, Texas, and was acquired by JPMorgan Chase in 2005 operating under the name Chase Paymentech. It is a well established name in the credit card processing industry with a respected global presence.
Pros:
Sales team will try to customize to your needs without upselling to services you don't need. Provides the merchant with a wide range of payment options including check verification or check guarantee (at an additional charge) and has a specific offering for retailers. 24/7 help is available.
Cons:
There are a number of online complaints about service, including being promised one set of rates, charged another; buyer remorse of merchants agreeing to long-term contracts that did not work out; and some merchants complaining about the ease and fairness of dispute resolution. Chase customers are said to get preferential treatment. Fees are competitive, but not the lowest.
Conclusion:
Chase Paymentech appears to be an excellent choice for many for their credit card processing needs; some competitors are going to have higher rates and fees, others lower. As with any commitment, be sure to read your contract and understand your rates and terms, rather than rely solely on the verbal presentation of a salesperson. For the vast majority, Chase Paymentech is well within their comfort and satisfaction zones.
Visit http://www.chasepaymentech.com for details.
