Best for
ClearPay's program best suits online merchants that process international payments. It also has a high-risk merchant program.
Specializes in
The international payments product is built for mail order, telephone orders, online orders. Common industries that use ClearPay include hospitality, eCommerce and financial services.
Pricing Summary
Setup Fee: $50
Monthly Fee: $10
Swipe Rate: 1.00% - 4.99%
Keyed-in Rate: 1.00% - 4.99%
Early Termination Fee : $500 or Liquidated Damages
Contract Terms:
ClearPay is a Global Payments reseller. It is registered as an ISO/MSP for Wells Fargo Bank, N.A, Walnut Creek, California and Central Bank of St. Louis, MO. The company is headquartered at 10000 Innovation Dr. Suite 160, Milwaukee, WI 53226. Jim Visoky serves as CEO.
ClearPay Financial Solutions serves a wide variety of business types, from resaurants to retail to professional offices. This processor is a reseller of Global Payments products. Global Payments offers desirable systems for payment processing, and ClearPay also provides business management and loan services. ClearPay also serves the ecommerce industry through its partnership with SecureNet.
Head Quarters
Milwaukee, WI
Year Founded
2011
CEO
Jim Visoky
Employees
30
Merchant Provider Risk Tolerance
Excellent for merchants who process international payments.
Has a high risk merchant program.
Customer support is offered every hour of every day.
Employs anti fraud software and monitors for security breaches.
A gift and loyalty program is available.
Has a setup fee.
A monthly fee is required.
Early termination fee assessed.
Independent sales agents are used to market its services.
No public pricing information is available.
ClearPay provides POS terminals, ecommerce payment solutions, merchant cash advances and business development tools. The company prides itself on customer service, offering its clients 24/7 support. ClearPay also offers anti-fraud software and monitors processes for signs of security breaches.
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Discloses All Important Terms
No
Public Pricing Available
No
Clearpay offers no public information on its pricing. However, as a Global Payments reseller, we can expect a similar structure.
Global Payments uses a tiered pricing structure, offering varying rates to each merchant. Rates are determined by the size of the business, transaction volume and services selected.
Additional rates and fees, including gateway fees, technical support fees, batch fees, and additional transaction rates typically apply to these e-commerce services.
Pricing Model
Interchange PlusTiered Pricing
Swiped Rate
1.00% - 4.99%
Keyed-in Rate
1.00% - 4.99%
Mobile Payment Rate
Virtual Terminal Rate
1.00% - 4.99%
Monthly Fee
$10
Payment Gateway Fee
Undisclosed
Batch Fee
Undisclosed
Early Termination Fee
$500 or Liquidated Damages
PCI Compliance Fee
Undisclosed
Equipment Lease Terms
48 Month (locked)
Address Verification Service (AVS)
Application Fee
Account Setup Fee
$50
Gateway Setup Fee
Annual Fee
$299 (Maintenance Fee)
Monthly Minimum
Undisclosed
Statement Fee
ClearPay Financial Solutions appears to offer variable contract terms based on a merchant’s business type and processing history.
The company is an apparent reseller of Global Payments so it is likely that its pricing and fee structure resembles theirs. Even then, Global Payments’ rates vary from merchant to merchant depending on the size of the business, its transaction volume, and other factors. However, the company’s 2019 terms and conditions do disclose an early termination fee of $500 per location or liquidated damages, a $299 annual maintenance fee, a $10 monthly fee, and a non-cancellable equipment lease.
However, the company’s 2019 terms and conditions do disclose an early termination fee of $500 per location or liquidated damages, a $299 annual maintenance fee, a $10 monthly fee, and a non-cancellable equipment lease.
Contract Length
1 Year3 Years
Early Termination Fee
$500 or Liquidated Damages
ClearPay Financial Solutions have been accredited with the Better Business Bureau since October 2012 and is currently showing a grade of “A+" with 0 complaints in the last 36 months and 6 customer reviews.
BBB
A+(0 complaints)
4.5 Stars / 15 Reviews
4.3 Stars / Based on the opinion of 12 people
Yelp
No Reviews yet
Total Online Reviews
70+
Total Online Complaints
Lawsuits
None
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