Best for
Merchants that own and operate high-risk businesses and that are in need of merchant accounts and payment processing services.
Specializes in
Credit Card Payment Services specializes in working with high-risk merchants to refer them to one of their partner banks for merchant accounts and payment processing. This company states that it is a full-service merchant account provider.
Pricing Summary
Setup Fee: Unknown
Monthly Fee: Unknown
Swipe Rate: 1.50%-6.00%
Keyed-in Rate: 1.50%-6.00%
Early Termination Fee : Variable
Contract Terms:
Credit Card Payment Services is headquartered in Alberta, Canada.
This company is a merchant account provider that primarily works with high-risk merchants.
Credit Card Payment Services may be functioning more like a referral service than as a full-featured merchant services provider.
Credit Card Payment Services is a merchant account provider that has been around since 2009, although the exact year it was founded is not clear. The company is located in Alberta, Canada and it is possible that someone named Nishad Rahman acts as a company representative, according to some online forums.
Credit Card Payment Services has professional relationships with several acquiring banks, including BMO Harris Bank and Wells Fargo. But the language on the company website makes it unclear if this company is offering merchant accounts or if it serves as more of a referral service for its partners.
This company works with mostly high-risk merchants and claims to use its multiple partnerships to be able to find the best rates for each one.
Head Quarters
205 Sunset Drive, Cochrane, AB, T4C-0H6
Year Founded
Unknown
CEO
Unknown
Employees
Unknown
Merchant Provider Risk Tolerance
Works with high risk businesses.
No contracts needed for referral services.
No charge to merchants for the referrals they offer.
Uses partnerships to find the best rate for each company.
Online and mobile services only.
No value added services.
Hardware is not available.
Must sign contracts with the bank that holds the merchant accounts.
Variable early termination fee.
Does not disclose all marketing terms.
Hardware & Software
The Credit Card Payment Services website does not make mention of POS systems, credit card terminals, mobile card readers, or other types of hardware. However, the site does mention virtual terminals. It can be assumed that this company only specializes in that particular type of payment processing.
The website is not clear about what companies it works with to provide virtual terminals. It is probable that its partner banks provide this service.
Value-Added Services
Credit Card Payment Services does not offer any additional value-added services to its merchant customers.
Supported Payment Types & Services
Merchants that do business with Credit Card Payment Services, or any of its partner banks, will be able to accept the following forms of payment:
Visa
Mastercard
Discover
American Express
ACH
Electronic checks
Additional options may be available depending on the partnering bank a merchant is working with.
Discloses All Important Terms
No
Public Pricing Available
Unknown
Credit Card Payment Services states that merchants that do business with any of its partners could be charged anywhere from 1.5% to 6% in processing fees. Most high-risk businesses should expect to be charged closer to 6% per transaction.
Additional fees may also apply, but those are left up to the acquiring banks to determine.
Pricing Model
Unknown
Swiped Rate
1.50%-6.00%
Keyed-in Rate
1.50%-6.00%
Mobile Payment Rate
Unknown
Virtual Terminal Rate
Unknown
Monthly Fee
Unknown
Payment Gateway Fee
Unknown
Batch Fee
Unknown
Early Termination Fee
Variable
PCI Compliance Fee
Variable
Equipment Lease Terms
Variable
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
Merchants that do business with Credit Card Payment Services should expect to sign contracts with the acquiring bank that holds their merchant accounts. This company does not require merchants to sign contracts for referral services, nor do they charge merchants for the referrals they offer.
Each acquiring bank will provide its own contract to its referred merchant customers. These contracts will probably have variable terms that are based on several factors, including the merchant’s risk level, processing history, and others.
Contract Length
Unknown
Early Termination Fee
Variable
Credit Card Payment Services states that the company can quickly and easily accept more than 90% of all high risk merchants. The website indicates that most merchants should be able to begin accepting payments within 2-3 days; although those that do not have a processing history may take a few more days to approve for their accounts.
Credit Card Payment Services has a Contact page on its website that lists a phone number and an email address. The company’s office hours are Monday through Friday from 7 am to 10 pm, and Saturday and Sunday from 8 am to 6 pm. Any other questions from merchants after their accounts have been approved should be directed toward the acquiring partner bank.
BBB Rating
Credit Card Payment Services does not have a profile or a rating with the Better Business Bureau.
Other Online Reviews
There are no online complaints for Credit Card Payment Services, which is most likely due to the fact that this company does not service merchant accounts or provide payment processing services. Therefore, any complaints that their merchants do have are most likely directed toward their acquiring banks.
BBB
N/A
N/A
N/A
Yelp
N/A
Total Online Reviews
Unknown
Total Online Complaints
Lawsuits
No
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