Best for
Merchants in virtually all industries that are searching for zero percent credit card transaction and payment processing fees.
Specializes in
Datainsure specializes in providing as many payment options as possible for its merchant customers, as well as in offering them a way to have their credit card processing fees covered by customers paying with credit cards.
Pricing Summary
Setup Fee: Unknown
Monthly Fee: Unknown
Swipe Rate: Unknown
Keyed-in Rate: Unknown
Early Termination Fee : Unknown
Contract Terms:
Datainsure describes itself as a boutique data processing company that offers secure, compliant data and credit processing for its merchant customers.
The company is located in Scottsdale, Arizona and River Cohen is the company’s president.
Datainsure has also gone by the name, Compliant Security Services, and the company is a registered ISO/MSP for Elavon, Inc.
On the company website, Datainsure states that its mission is to improve the financial health and well-being of its merchant customers. The company’s vision is to be the partner of choice for merchants all over the country.
Datainsure has also been called Compliant Security Services in the past. It is a registered ISO/MSP with Elavon, Inc. The company’s headquarters are in Scottsdale, Arizona, and its CEO is River Cohen.
Datainsure has built its business upon philanthropic efforts within the community and regularly supports organizations like the American Heart Association, the Miami Children’s Museum, and many others.
Datainsure did more than $1 billion in aggregate processing in 2016, and the company prides itself on working with small businesses.
Head Quarters
8283 N Hayden Rd Ste 140 Scottsdale, AZ 85258-2455
Year Founded
2009
CEO
Unknown
Employees
Unknown
Merchant Provider Risk Tolerance
Multiple payment options to suit each merchant.
Prides itself on working with small businesses.
Several value-added services.
Accepts all major payment types.
Quickly resolves any complaints.
Limited reviews to give a feel for the company.
Underwriting process may take up to two weeks.
Expensive early termination fee.
Long contract length.
No information on pricing options.
Hardware & Software
Datainsure offers a tablet-based POS system for in-store, mobile, and ecommerce payment processing. This POS utilizes the Revel platform for payments, and it also has many business management tools that merchants will find helpful.
Ingenico iCMP is also available from Datainsure, which is a mobile payment processing option for merchants on the go.
The ICT250 is available from Datainsure as a countertop terminal. All POS systems are easily integrated with Quickbooks for accounting.
Value Added Services
Datainsure offers the Revel platform for its merchant customers, which has a host of additional features they may find helpful, including:
Employee scheduling
Payroll
Customer relationship management
Matrix inventory software
Intelligence reporting
Purchase order generation
Datainsure also offers the Fanfare Gift and Loyalty Card program for its merchant customers who desire these services.
Supported Payment Types & Services
Merchant customers who choose Datainsure as their payment processor will be able to accept many different forms of payment, depending on the hardware and/or software they choose. The following are all available:
Payments from all four major credit cards
Debit cards
EMV chip cards (this may be available as a free upgrade)
PIN payments
EBT
Gift cards
Apple Pay
Samsung Pay
Discloses All Important Terms
Yes
Public Pricing Available
No
There is no information available regarding pricing and fees for individual merchant accounts on the Datainsure website. Datainsure offers a Zero Percent Processing program that passes along transaction fees to customers paying with cards and gives a discount to cash-paying customers.
There are some fees listed on the company’s Terms of Service page, and they are as follows:
Payment processing equipment cost - Free as a part of the company’s Free Placement program.
Shipping fees - $25 per hardware terminal, $5 per credit card swiper and QuickBooks software encryption, and $35 per PIN pad.
Annual fee - $95 per account.
There are also monthly fees for:
PCI compliance
Data Backup
Plug-in software
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
25 per hardware terminal, $5 per credit card swiper and QuickBooks software encryption, and $35 per PIN pad.
Address Verification Service (AVS)
Unknown
Application Fee
Unknown
Account Setup Fee
Unknown
Gateway Setup Fee
Unknown
Annual Fee
$95 per account.
Monthly Minimum
Unknown
Statement Fee
Unknown
Merchants doing business with Datainsure will enter into a contract for three years. This contract will be automatically renewed for three additional years unless either party provides a written notice of termination to the other party no later than 90 days prior to the end of the current term.
If a merchant cancels their payment processing services with Datainsure, a fee of $495 may be assessed, plus additional fees, if necessary.
Merchants are also required to return any equipment they received as a part of the company’s Free Placement program. Merchants may be charged $175 for all terminal equipment and $149 for all accounting software unless they are returned in good working order.
Contract Length
Unknown
Early Termination Fee
Unknown
Merchants in need of payment processing equipment should be able to begin accepting payments from their customers within 10-14 days, depending on the underwriting process.
There is no indication on the Datainsure website about how long it might take merchants to get set up.
Datainsure has a Contact page on its website that includes a form, email address, phone, and fax numbers for the company customer service team.
BBB Rating
Datainsure is not accredited by the Better Business Bureau, but the company has an A+ rating and 3 complaints closed within the last three years.
Other Online Reviews
There are no other online reviews available for Datainsure.
BBB
A+ and has been Accredited since 2016. (0 Reviews; 0 Complaints)
N/A
N/A
Yelp
N/A
Total Online Reviews
Unknown
Total Online Complaints
Unknown
Lawsuits
No
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