Best for
Small businesses (≈ 20 employees) like retail shops and restaurants according to the official website
Specializes in
Priority Payment Systems focuses on processing debit and credit card transactions. It provides an array of EMV-compliant terminals and contactless payment options like Apple Pay and Android Pay. The firm also offers mobile card readers for on-the-go transactions as well.
Pricing Summary
Setup Fee: Undisclosed
Monthly Fee: $19.95
Swipe Rate: 1.00% - 4.99%
Keyed-in Rate: 1.00% - 4.99%
Early Termination Fee : $195 - $600+
Contract Terms:
Priority Payment Systems is an ISO of Citizens Bank, N.A., Providence, RI, Wells Fargo Bank N.A., Concord, CA, Axiom Bank, N.A., Maitland, FL, Synovus Bank, Columbus, GA, and PB&T Bank, Pueblo, CO.
As per the official website, Priority Payment Systems caters to more than 200,000 merchants and handles $55 billion worth of annual transactions. Its team of 580 employees is responsible for 515 million transactions every year. The firm primarily offers the MXTM Merchant Suite, custom industry solutions, countertop terminals, and POS solutions.
Head Quarters
Alpharetta, GA
Year Founded
2005
CEO
John Priore
Employees
500
Merchant Provider Risk Tolerance
Best for small retail shops and restaurants with around 20 employees.
Able to handle high volume transactions.
Integrated payment processing solution.
Customizes its solutions to the customers needs.
No payment gateway fee.
Early termination fee.
Monthly fee is assessed.
Setup fee not provided.
Three year contract required.
Employs independent sales agents.
Priority Payments Systems offers the following services on its website:
MXTM Merchant Suite: The firm's primary offering, MXTM Merchant Suite, is an integrated payment processing system that allows users to handle all electronic payments from one platform. It is customizable to individual needs and includes recurring billing, invoicing, and business analytics. The system also has an iPhone mobile app and an iPad POS system.
Countertop POS Solutions: Priority Payments Systems offers a wide range of countertop terminals and POS solutions for restaurants, retail, and service business. It provides top-notch hardware from Poynt, Ingenico, Clover, and PAX Technologies. Additionally, every solution integrates with the MXTM Merchant Suite mentioned above to enhance sales and profit.
ControlScan: It's a Marketplace App that provides firm owners and enterprises with the leading tools and support necessary to analyze, remediate, and authenticate PCI compliance at a reasonable rate. ControlScan features include direct access & consultations, unlimited support, comprehensive PCI compliance tools, etc.
Discloses All Important Terms
No
Public Pricing Available
No
Priority Payment Systems enforces a $129.99 annual fee, a $25monthly fee, and an undisclosed PCI-compliance fee according to online reviews. Moreover, the company also provides a payment gateway and virtual terminal via Payeezy. The Basic Plan has a rate of 2.90% + $0.30, whereas the Pro Plan has a lower rate of 1.89% + $0.23.
Pricing Model
Tiered Pricing
Swiped Rate
1.00% - 4.99%
Keyed-in Rate
1.00% - 4.99%
Mobile Payment Rate
Virtual Terminal Rate
1.89% + $0.23 - 2.90% + $0.30
Monthly Fee
$19.95
Payment Gateway Fee
None
Batch Fee
Early Termination Fee
$195 - $600+
PCI Compliance Fee
Undisclosed
Equipment Lease Terms
48 Month (locked)
Address Verification Service (AVS)
Application Fee
Account Setup Fee
Undisclosed
Gateway Setup Fee
Undisclosed
Annual Fee
$129.99 Per Year
Monthly Minimum
$25 Per Month
Statement Fee
Undisclosed
According to online reviews, Priority Payment Systems enforces a 3-year standard contract with an early termination fee (ETF) in the range of $200 to $600.
Contract Length
3 Years
Early Termination Fee
$195 - $600+
The firm maintains a profile with Better Business Bureau since 2012, and it currently boasts an A+ rating.
Priority Payment Systems is a BBB-accredited business, and it has a customer rating of 1 out of 5 stars (6 reviews).
There are 28 complaints against Priority Payment Systems on its BBB profile. The breakdown consists of 16 billing and collection issues, 10 product or service issues, and 2 advertising/sales issues.
BBB
A+ (28 complaints)
2.4 Stars / 83 Reviews
N/A
Yelp
1 Star / 13 Reviews
Total Online Reviews
100+
Total Online Complaints
40+
Lawsuits
None
If you're in the market for a merchant account provider, be sure to check out our user reviews, our merchant accounts guide and our top popular merchant provider picks