Best for
Standard-risk and high-risk merchants in need of payment processing services.
Specializes in
Deft Payment Systems specializes in working with standard-risk and high-risk merchants, and this company is one of only a few that offers its services to merchants that sell CBD and hemp products.
Pricing Summary
Setup Fee: N/A
Monthly Fee: Unknown
Swipe Rate: 1.00% - 4.99%+
Keyed-in Rate: 1.00% - 4.99%+
Early Termination Fee : Variable
Contract Terms:
Deft Payment Systems was founded in 2017 as a merchant account provider that serves both standard and high-risk merchants.
The company is one of only a few that works with merchants that sell hemp and CBD products, which are considered to be very high-risk.
Deft Payment Systems is headquartered in Hyannis, Massachusetts and its president is Brett Husak, who is also the president of Flow Payments.
Deft Payment Systems was founded in September 2017. The company is a merchant account provider that works with standard and high-risk businesses, including merchants that sell CBD and hemp products.
The company’s headquarters is in Hyannis, Massachusetts. Its mission is Savings and Satisfaction - We measure our success by measuring your growth. Their website states that Deft Payment Systems is a one-stop solution that aims to meet the needs of the merchants they offer their services to.
Deft Payment Systems has taken the time to build relationships with many banks and processors to ensure that its merchants get paired with the right types of accounts. According to their website, they work personally with each merchant to ensure they get the services they need.
Head Quarters
Hyannis, Massachusetts,
Year Founded
2017
CEO
Unknown
Employees
Unknown
Merchant Provider Risk Tolerance
Accepts high risk businesses including those in the CBD and hemp industry.
No application or set-up fees.
Good customer service.
Gift and loyalty card program.
Processes checks and eChecks.
Does not offer credit or debit processing machines.
High risk applicants will likely take longer to be accepted.
Hardware & Software
It does not appear that Deft Payment Systems offers credit/debit card processing machines. However, the company does offer multiple virtual terminal options for merchants to choose from.
Value Added Services
Deft Payment Systems offers a number of value added services to its merchant customers, which supports the company’s claim to be a one-stop shop for many of the needs businesses have today.
In addition to offering virtual terminals, Deft Payment Systems can also help its merchant customers with:
Payroll services
Cash advances
Lead generation
Proprietary kiosks for specialized payment services, such as in parking garages
Assistance with product fulfillment
Supported Payment Types & Services
Deft Payment Systems allows merchants to accept many different types of payments, including:
Check and echeck processing
ACH payments
All major credit cards (Visa, Mastercard, Discover and American Express)
Online payments
Mobile payments
Gift cards
Loyalty cards
Discloses All Important Terms
No
Public Pricing Available
No
Because Deft Payment Systems works with merchants that are considered to be high-risk, merchants whose businesses are in that category should expect to pay higher rates and fees than others due to a perceived risk of more chargebacks.
Some of the pricing and fees are:
Swiped rate - 1% - 4.99%
Keyed-in rate - 1% - 4.99%
Early termination fee - variable
PCI compliance fee - variable
Equipment lease terms - variable
Deft Payment Systems may customize its pricing according to each merchant’s business type, processing history and location. The company may also offer long-term equipment leases.
Pricing Model
Unknown
Swiped Rate
1.00% - 4.99%+
Keyed-in Rate
1.00% - 4.99%+
Mobile Payment Rate
Unknown
Virtual Terminal Rate
N/A
Monthly Fee
Unknown
Payment Gateway Fee
N/A
Batch Fee
Unknown
Early Termination Fee
Variable
PCI Compliance Fee
Variable
Equipment Lease Terms
Variable
Address Verification Service (AVS)
Unknown
Application Fee
N/A
Account Setup Fee
N/A
Gateway Setup Fee
N/A
Annual Fee
N/A
Monthly Minimum
Unknown
Statement Fee
N/A
There is currently no verifiable or current information online about Deft Payment Systems contracts. However, because they work with so many different types of merchants with various risk profiles, it is safe to say that contract terms are likely to vary and be tailored to merchants’ needs.
Contract Length
Variable
Early Termination Fee
Variable
Merchants that are considered to be low-risk or standard-risk are likely to receive approval for their merchant accounts much faster than those that are considered to be high-risk. While the company website does not indicate how much time it might take to set up, there is an underwriting process that must take place, so it could take some time.
Deft Payment Systems lists a general customer service phone number on their website that merchants can call to get questions answered. Also, they have a contact us form that merchants can fill out as an alternative.
BBB Rating
Deft Payment Systems does not have a page on the Better Business Bureau website and the company is not affiliated with the BBB.
Other Online Reviews
There are only a few online reviews for Deft Payment Systems, but they are mostly favorable. They indicate that the company specializes in customer service and does not abandon merchants once the application, underwriting and setup processes have been completed.
The lack of complaints about Deft Payment Systems is encouraging; however, there are some complaints online for a company that goes by the name, DEFT, which is located in Australia and is not affiliated with Deft Payment Systems at all.
There are also no class-action lawsuits or FTC complaints about Deft Payment Systems.
BBB
N/A
N/A
N/A
Yelp
N/A
Total Online Reviews
Unknown
Total Online Complaints
Lawsuits
Unknown
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