Chyp Review

Rates and Fees
/100
Truth in Advertising
/100
Consumer Reviews
/100
Customer Support
/100

Best for

Specializes in

Pricing Summary

Setup Fee: $0

Monthly Fee: $0

Swipe Rate: 2.70% + $0.05

Keyed-in Rate: 2.70% + $0.05

Early Termination Fee : $495

Contract Terms:

No Contract Required 3 Years
Visit Chyp

Chyp Overview

 

Quick Facts

Head Quarters

Portland, Oregon

Year Founded

2016

CEO

Steven Lemma and Mychol Robirds - Owners

Employees

10

Merchant Provider Risk Tolerance

What We Like

What We Don't Like

Industries Served

  • Clothing & Apparel
  • Convenience Store
  • Electronics
  • Gas Station
  • Healthcare
  • Hunting & Outdoor Equipment
  • Marketing Agency
  • Moving Companies
  • Personal Service
  • Property Management
  • Restaurant / Bar
  • SAAS
  • Thrift Store

Business Types Served

  • B2B
  • Ecommerce
  • Enterprise Merchant Accounts
  • Mobile
  • Mom & Pop
  • MOTO
  • Online
  • Retail / Card Present
  • Small Business

Chyp Products & Services

 

Chyp Payment Processing

  • ACH Check Transactions
  • Chargeback & Fraud Prevention
  • Contactless NFC
  • Credit Card Processing
  • Credit Card Terminals
  • Debit Card Processing
  • eCheck & ACH Processing
  • EMV Processing
  • Gift & Loyalty Program
  • Merchant Cash Advance
  • Mobile Card Reader
  • Mobile Payments App
  • Online Payments
  • Payment Gateway
  • POS Equipment
  • Receipt Printing
  • Recurring Billing
  • Virtual Terminal

Chyp Billing & Invoicing

  • Contact Database
  • Customizable Invoices
  • Mobile Payments
  • Online Invoicing
  • Online Payments
  • Payment Processing
  • Recurring/Subscription Billing

Chyp Advertising & Sales

 

Truth in Marketing

Discloses All Important Terms

No

Public Pricing Available

No

Chyp Pricing, Rates & Fees

 

Pricing at a Glance

Pricing Model

Tiered Pricing

Swiped Rate

2.70% + $0.05

Keyed-in Rate

2.70% + $0.05

Mobile Payment Rate

Virtual Terminal Rate

2.70% + $0.05

Monthly Fee

$0

Payment Gateway Fee

Undisclosed

Batch Fee

Undisclosed

Early Termination Fee

$495

PCI Compliance Fee

$150 Per Year

Equipment Lease Terms

48 Months (locked)

Address Verification Service (AVS)

Application Fee

Account Setup Fee

$0

Gateway Setup Fee

Annual Fee

$0

Monthly Minimum

$25

Statement Fee

Variable

Chyp Contract & Terms

Contract Length

No Contract Required3 Years

Early Termination Fee

$495

Chyp Setup & Support

 

Setup Highlights

  • Documentation / Knowledge Base
  • Live Online (1-on-1)

Support Highlights

  • Domestic Phone Support (Business Hours)
  • FAQ

Chyp Complaints, Ratings & Reviews

Ratings

BBB

A+ but is not BBB Accredited. (3 Reviews; 2 Complaints)

Google

No Reviews

Facebook

No Reviews

Yelp

N/A

Reviews

Total Online Reviews

100+

Total Online Complaints

60+

Lawsuits

None

NEED A MERCHANT ACCOUNT PROVIDER?

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

cogthumbs-up