Credit Card Processing by Paynet.com

Paynet Systems is also included in our list of reputable providers. This company was established in 1999 to provide merchant account services. Today they boast more than 30,000 companies in their resume. This list includes many retail, wholesale, mail order, phone order, and online ecommerce websites.

Paynet Systems allows you to process your credit card payments in a multitude of options. You can process credit cards via a standard terminal or the internet. They also have options for wireless processing. If your company is on the go and you need to process credit card transactions, Paynet has a solution for you.

Paynet Systems also offers excellent customer service and customer satisfaction. You can access technical support 24 hours a day 7 days a week. You can also order your supplies through their easy to call national toll free phone number.

There are also no application fees when you apply to Paynet Systems. They guarantee their approval rating up to 96%. Lastly, your on line application is easy to fill out and you are given a decision within 24 hours.

Approval Rating:

96% of all applicants who apply with Paynet Systems are approved. Furthermore, they do not charge an application fee.

Monthly Costs:

Paynet Systems has one of the best-priced monthly fee schedules in the industry. They do not charge any address verification fees. Monthly fees for Internet merchants are $5.00. The payment gateway fee is $10.00 and the per transaction fee is $0.25. Monthly statement fees are $10.00.Discount rates start at $2.19%. They do not charge a monthly minimum, so this makes an excellent choice for low volume credit card processing. Telephone authorization fees are $0.50, which is competitive.

Setup Costs:

It does not cost anything to get your account set up with Paynet Systems.

Approval and Setup Time:

Standard application processing time is much slower than other credit card processors. Even though you are approved in 24 hours, it can take Paynet Systems up to seven days to setup your account. They do offer express setup through faxed signatures.

Customer Service:

Paynet Systems also offers 24/7/365-customer service with an excellent reputation. We called the company and were quickly connected to a sales representative who was able to answer all of our questions. They also offer live chat through their website.

Internet Credit Card Processing:

Paynet Systems offers their own proprietary virtual payment terminal and uses SkipJack for the payment gateway. Plug’n’Play is also offered as an optional payment gateway. Their shopping cart system is by Cart Manager.

Credit Card Processing Equipment:

Paynet Systems offers a variety of P.O.S. (Point-of-Sale) equipment such as pin card pads, check processing equipment and more.

In conclusion, Paynet Systems is a good choice for a credit card processing company. Furthermore, they are an excellent choice for small businesses that are doing a limited number of transactions every month. In other words, they are the perfect choice for low volume credit card processing.