Small to mid-sized businesses
Certain high-risk industries (such as CBD)
Setup Fee: $0
Monthly Fee: $35
Swipe Rate: 1.05% + $0.15
Keyed-in Rate: 1.80% + $0.10
Early Termination Fee : N/A
Florida based merchant services provider founded in 2012.
Centurion Payment Services, also known as CPS, is a merchant account provider that offers credit card processing services for low, mid, and high-risk merchants. CPS claims to have the lowest rates with the most advanced security.
Though CPS has solutions for low and mid-risk merchants, they specialize in the following high-risk industries: CBD, nutra (no trial), travel clubs, MLM, credit repair, collections (first party debt only), fantasy sports, adult, gaming (must be licensed). It is difficult to find processors that claim to specialize in these areas, so CPS is catering to a niche market.
The overall lack of online reviews regarding this company makes it difficult to confirm if CPS is completely truthful in their advertising and if merchants are happy with their service, hence the reason for the imperfect score.
7800 Congress Ave #206, Boca Raton, FL 33487, United States
Merchant Provider Risk Tolerance
24/7 customer support
Free pricing comparisons
QuickBooks plugin available
Lack of merchant reviews about company
Lack of disclosure of products/software carried
Unfortunately, CPS does not disclose which products they offer their merchants. They do claim to have solutions that allow merchants to capture transactions from the office, website, or with mobile equipment that is EMV and Apple Pay compatible (NFC). So we can assume they carry standalone/countertop terminals, mobile devices, and possibly POS systems. CPS does offer a payment gateway, POS software integration, and advanced payment reporting software but they do not disclose the name of the gateway or software.
Additionally, CPS has Quickbooks integrations available as well as 1099-K reporting.
Discloses All Important Terms
Public Pricing Available
CPS claims to have the lowest rates in credit card processing due to working directly with the 1st and 2nd largest processors in the industry. They say they can get their merchants the lowest rates, 100% guaranteed, though there is no further information of what this guarantee entails.
Pricing is advertised on the CPS website in a very detailed chart. Pricing and fees vary by card type and environment as well as business type. For the Visa credit card type, swipe rates are 1.51% + 10¢ while keyed rates are 1.80% + 10¢. For Mastercard credit card type, the swipe rates are 1.58% + 10¢ while 1.89% + 10¢. Debit transactions have different rates. The full pricing chart is extensive, and can be found on the website. American Express pricing starts at 1.60% + 10¢, but this will vary depending on industry. Since CPS is an all-purpose payment processor, it is highly likely that these rates could fluctuate dramatically depending on the typical factors: business type, processing history, credit history, etc. Additionally, high-risk merchants should expect to pay higher rates than the averages that are advertised.
Unfortunately, beyond the pricing chart, no fees are disclosed on their website. We do not know if CPS charges an ETF, if they have product leasing options, if there are any additional fees associated with payment gateways, etc.
1.05% + $0.15
1.80% + $0.10
Mobile Payment Rate
Virtual Terminal Rate
Payment Gateway Fee
Early Termination Fee
PCI Compliance Fee
Equipment Lease Terms
Address Verification Service (AVS)
Account Setup Fee
Gateway Setup Fee
CPS does not publicly disclose their merchant application or contract terms & conditions, and we could find no information online about contract lengths. Merchants should be advised that contract terms and lengths can vary depending on the nature of your business.
CPS does not disclose if they have an early termination fee (ETF) or any other cancellation fees.
We always encourage merchants to read the fine print on all applications and contracts.
No Contract Required
Early Termination Fee
Not many reviews could be found on CPS, there is a complete lack of reviews on most platforms we typically look at. Only 3 reviews on Google could be found, all were positive raving about customer service and level of attention. However Google reviews are known to be unverified and we do not know if actual merchants wrote these reviews.
The BBB has given CPS an “NR” rating. This can be due to insufficient information about the business or ongoing review/update of the business’s file. Additionally, no reviews and no complaints are reported by the BBB.
We could not find any complaints online which could be an indicator that merchants are happy with the service CPS provides.
No outstanding class-action lawsuits or FTC complaints filed against CPS could be found.
5/5 (3 reviews)
Total Online Reviews
Total Online Complaints
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