Best for
Merchants with standard-risk businesses who are in need of payment processing services or ATMs.
Specializes in
Cornerstone Merchant Services specializes in working with merchants who are standard-risk. This company has received accolades from the Florida Family Policy Council for not doing business with objectionable companies.
Pricing Summary
Setup Fee: Unknown
Monthly Fee: Unknown
Swipe Rate: Unknown
Keyed-in Rate: Unknown
Early Termination Fee : Unknown
Contract Terms:
Cornerstone Merchant Services is a payment processing company that was founded in 2004 by Chuck Ley, who serves as the company’s CEO.
This company is headquartered in Las Vegas, and works with small businesses and chains all over the United States.
Cornerstone Merchant Services was founded by an independently licensed merchant card processor and it soon became a small family business.
Cornerstone Merchant Services was founded in 2004 by an independently licensed merchant card processor named Chuck Ley. Today, Chuck is the company’s CEO, and CMS has its headquarters in Las Vegas, Nevada.
This company offers POS systems as well as integrated options when working with its merchant customers. Cornerstone Merchant Services maintains control of every merchant account at every possible level to allow for excellent customer service in the event of an issue.
According to the company website, Cornerstone Merchant Services provides cutting-edge technology and the latest in payment processing terminals and POS systems. They keep in-house accountants on staff, which the company claims helps them offer the lowest possible rates to their merchant customers.
Cornerstone Merchant Services is a registered ISO of Wells Fargo Bank, N.A., Concord, CA.
Head Quarters
7881 W Charleston Blvd STE 110 Las Vegas, NV 89117-8326
Year Founded
2004
CEO
Chuck Ley
Employees
Unknown
Merchant Provider Risk Tolerance
Focuses on small businesses of middle to low-risk distinction.
In-house accountants help keep fees and rates at the lowest industry levels.
Wide variety of payment accepted options, both in-person and online.
Offers a wide variety of value-added services.
Free installation and training for all POS hardware and software.
Not Better Business Bureau rated.
Limited reviews to support claims made by the company.
No information on contracts and terms is available on the website.
No examples of what payments may look like for potential customers.
Not suitable for high risk clients.
Hardware & Software
Cornerstone Merchant Services provides an entire suite of products for merchants to choose from. The following are all available for merchants with brick and mortar businesses who need to take payments in-person:
Clover products
POS Systems (Micros POS, Adelo POS, Lavu POS, Shopkeep POS, Soft Point POS)
EMV Cloud terminals
Mobile swipers
First Data terminals
Pax terminals
Verifone terminals
Ingenico terminals
Cornerstone Merchant Services also provides virtual gateways through their own customizable gateway, CornerPay.NET. This gateway was designed specifically for e-commerce businesses to allow merchants to accept payments online through their websites.
Value Added Services
In addition, Cornerstone Merchant Services provides several value added services for its merchant customers:
ATMs - This service is provided through a third-party service.
Check programs - This service allows merchants to accept payments by check.
Cash advances - Merchants often need working capital to maintain or grow their businesses, and that funding is available through CMS.
Gift and loyalty card programs - These programs encourage repeat sales and customers.
Cornerstone Merchant Services can also provide fully-integrated POS systems for merchants who need them through a third-party.
Supported Payment Types & Services
Merchant customers doing business with Cornerstone Merchant Services will have the ability to accept multiple forms of payment, including:
All four major credit cards
Debit cards
JCB
Diners Club
Checks and electronic checks
Mobile wallet payments
Discloses All Important Terms
Unknown
Public Pricing Available
Unknown
Cornerstone Merchant Services does not publish any information about its prices and fees on the company website. This is most likely because the company prices its merchant customers differently based on their size and risk level.
This company claims to keep in-house accountants on staff who work to ensure merchant customers are always getting the lowest possible rates.
Pricing Model
Unknown
Swiped Rate
Unknown
Keyed-in Rate
Unknown
Mobile Payment Rate
Unknown
Virtual Terminal Rate
Unknown
Monthly Fee
Unknown
Payment Gateway Fee
Unknown
Batch Fee
Unknown
Early Termination Fee
Unknown
PCI Compliance Fee
Unknown
Equipment Lease Terms
Unknown
Address Verification Service (AVS)
Unknown
Application Fee
Unknown
Account Setup Fee
Unknown
Gateway Setup Fee
Unknown
Annual Fee
Unknown
Monthly Minimum
Unknown
Statement Fee
Unknown
There is no information available on the Cornerstone Merchant Services website regarding contracts and terms. The website does advertise no hidden fees and no annual renewal fees.
Contract Length
Unknown
Early Termination Fee
Unknown
Cornerstone Merchant Services offers free installation and training to help merchants get started with accepting payments as soon as possible. There is no indication of how long the company’s underwriting and approval process is.
Merchants using the CMS virtual gateway will most likely be able to get started faster than those in need of payment processing equipment.
Merchant customers will work with their own dedicated account managers who will help them with the needs their businesses have. The company also provides technical support 24/7. The website has a Contact page with email addresses and phone numbers for all departments, including tech support, sales and account help. There is also a contact form merchants can fill out to get assistance.
BBB Rating
Cornerstone Merchant Services is not accredited by the Better Business Bureau, and the BBB has not given this company a rating. There is one 1/5-star customer review on the website, which refers to being charged fees when none should have been charged. This issue does not appear to have been addressed by the company, but it may be an isolated incident.
Other Online Reviews
Google and Yelp both have several 5-star reviews for Cornerstone Merchant Services. Clients speak very highly of the company’s CEO and feel as though they are being treated fairly.
BBB
NR and This Business is not BBB Accredited. (1 Reviews; 0 Complaints)
4.2 Stars / 10 Reviews
5 out of 5 Based on the opinion of 5 people
Yelp
No Reviews
Total Online Reviews
10+
Total Online Complaints
Unknown
Lawsuits
Unknown
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