APPS is best for small to medium businesses that are a standard risk.
APPS is a merchant account provider that specializes in offering a host of services for small to large standard-risk businesses that process payments and get an in-depth understanding of data and analytics of the company at the same time.
Setup Fee: Undisclosed
Monthly Fee: Undisclosed
Swipe Rate: 1.00% - 4.99%
Keyed-in Rate: 1.00% - 4.99%
Early Termination Fee : Liquidated Damages
Atlantic-Pacific Processing Systems (APPS) has been in business since 2004. This merchant account provider serves most business types that are low to standard-risk, including ISO’s and Acquirers.
The company operates out of Las Vegas, Nevada. Abe Maghaguian is listed as the current president and CEO.
Atlantic-Pacific Processing Systems (APPS) is a large merchant account provider that has worked with over 150,000 businesses in the past eighteen years.
APPS has worked with many different business types, including small, medium, or enterprise businesses, and those needing specialty solutions.
APPS offers a lot of data analytics software designed to help optimize your business. They offer physical equipment, virtual terminals, and more.
The downside to APPS is the lengthy contract with an onerous early termination fee. However, there is a low complaint profile for such a large company, so we assume that most customers seem satisfied with the terms and conditions of their contract.
Las Vegas, Nevada
Merchant Provider Risk Tolerance
Hardware and Software
APPS offers businesses the physical equipment they need including POS systems or Basic Stand Ailine devices.
In addition to physical equipment, some of the software businesses can use include payment gateways, virtual terminals, shopping carts, gift, and loyalty card programs, contactless payments, ACH, and check to process.
Some of the interesting features a business can take advantage of as a customer of APPS include:
Reporting and Data services
Paynomix (command center software)
Everest Processing Platform (allows all your systems to talk to each other)
Conformance (PCI Toolkit)
Omnichannel / Omnipayment
Chargeback Management Platform
APPS does not include information on their website on the details of using some of the additional tools. It is unclear whether they are included in the contract or they would be considered extra, nor how much the use of them they would cost.
Supported Payment Types and Services
Atlantic-Pacific Processing Systems processes all major credit and debit cards including:
The company also processes online and mobile payment apps including PayPal, Google Wallet, and Apple Pay.
Discloses All Important Terms
Public Pricing Available
Atlantic-Pacific Processing Systems offers rates that vary between 1-4.99%. The rate a business receives will depend on the type of business as well as other factors.
In addition to transaction rates, the contract includes several fees, the most onerous being a liquidated damages early termination fee. Due to how this fee is calculated, it can be very expensive.
Altogether, the fees charged in this plan make it more expensive than other merchant account providers.
1.00% - 4.99%
1.00% - 4.99%
Mobile Payment Rate
Virtual Terminal Rate
1.00% - 4.99%
Payment Gateway Fee
Early Termination Fee
PCI Compliance Fee
Equipment Lease Terms
Address Verification Service (AVS)
Account Setup Fee
Gateway Setup Fee
Atlantic-Pacific Processing Systems offers a three-year contract that includes automatic one-year renewals and a liquidated damages early termination fee.
The liquid damages fee is calculated by multiplying the number of months left in the contract by the average amount of fees paid in the past six months and then adding the attorney’s cost to that number.
In addition to the potentially large fee for canceling the contract, the customer could also be on the hook for expensive leased equipment.
This contract is long and the liquidated damages termination fee can be very expensive. This is not typical of providers in this industry.
In addition, businesses are advised not to enter into equipment leases, as they are generally more expensive than owning equipment outright.
Early Termination Fee
There is a contact form, email, and phone number on the website. Customers are also paired with a relationship manager whom they can contact for any issues they may run into during setup or anytime during their contract.
Atlantic-Pacific Processing Systems has had an unaccredited Better Business Bureau account since 2014. There are no reviews or complaints on their BBB profile. They are currently rated A+ on this platform.
Other Online Reviews
There are a handful of complaints about Atlantic-Pacific Processing Systems online, one of which accuses the company of being a scam. However, the number of online complaints is typical considering the size and age of the company.
There are no complaints about their pricing and contracts although the fees are higher than is typical in the industry.
They are rated 4.5 out of 5 by their employees on GlassDoor.
A+ and has been Accredited since 2014.
5 Stars / 1 Review
No Recommendations Yet
Total Online Reviews
Total Online Complaints
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