Electronic Transfer Inc Review

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Customer Support

Best for

Electronic Transfer is best for small to mid-sized businesses, especially the high-risk niche firearms dealers.

Specializes in

Electronic Transfer Inc. (ETI) specializes in payment processing services for mainly firearm dealers. The company also offers payment processing for eCommerce, mobile transactions, and Mail Order Telephone Order (MOTO). ETI also offers an easy-to-integrate payment gateway suite combined with a shopping cart tool.

Pricing Summary

Setup Fee: $0

Monthly Fee: $0

Swipe Rate: 1.00% - 4.99% + $0.25

Keyed-in Rate: 1.00% - 4.99% + $0.25

Early Termination Fee : None

Contract Terms:

Month-to-month 1 Year 3 Years
Visit Electronic Transfer Inc

ETI is an ISO/MSP of Westamerica Bank in Santa Rosa, California.

ERI was founded in 1989 with the company's headquarters in Spokane, Washington. The current President of the company is Mike Knudtson.

Electronic Transfer Inc Overview


ETI was founded in 1989 with the company's headquarters in Spokane, Washington. Mike Knudtson is the current President of the company. The company offers merchant processing solutions to various businesses, but it specializes in catering to firearms dealers and owns the website www.gunmerchantaccount.com for more targeted marketing to the niche industry.

The company lets businesses set up numerous debit and credit card payment processing channels; eCommerce, Mail Order Telephone Order (MOTO), and NFC via Apple Pay and Android. It is unclear who the backend processor is for ETI. Still, given the firearm niche's high-risk nature, it is likely that the company solicits multiple processors for the most competitive rates.

ETI does offer mobile payment processing and has partnered with POS equipment-maker PAX for their mobile card readers. The company also provides clients a mobile payments solution to set up a virtual terminal and a payments gateway.

ETI has been accredited with the Better Business Bureau (BBB) since 2000, which gives the company an A+ rating. There have been no complaints about ETI in the last three years.

Quick Facts

Head Quarters

Spokane, WA

Year Founded



Mike Knudtson



Merchant Provider Risk Tolerance

What We Like

What We Don't Like

Industries Served

  • Clothing & Apparel
  • Convenience Store
  • Electronics
  • Gaming
  • Gas Station
  • Guns & Firearms
  • Hunting & Outdoor Equipment
  • Moving Companies
  • Personal Service
  • Property Management
  • SAAS
  • Self Defense, Tasers & Stun Guns
  • SEO & SEM Services
  • Thrift Store
  • Web Design Services

Business Types Served

  • Ecommerce
  • High Risk
  • High Volume
  • Information
  • Low Risk
  • Mom & Pop
  • MOTO
  • Online
  • Retail / Card Present
  • Small Business
  • Wholesale

Electronic Transfer Inc Products & Services


Payment Processing: ETI resells payment processing services, particularly for firearms dealers.

Point of Sale: The company offers EMV-compliant mobile POS equipment of Pax but states that it does not lease equipment.

FastCharge: A one-stop-shop for Gateways solutions can easily integrate solutions such as virtual terminals, shopping carts, and PCI encryption.

ETI also touts the company's easy integration with WordPress and WooCommerce and ETI’s shopping cart setup.

Electronic Transfer Inc Payment Processing

  • Credit Card Processing
  • Debit Card Processing
  • Mobile Payments App
  • Online Payments
  • Online Shopping Cart Integration
  • Payment Gateway
  • Recurring Billing
  • Virtual Terminal

Electronic Transfer Inc Billing & Invoicing

  • Mobile Payments
  • Online Payments
  • Payment Processing
  • Recurring/Subscription Billing

Electronic Transfer Inc Advertising & Sales

We found no complaints against ETI sales tactics regarding its sales practices. The company does use independent sales teams, which often correlate to high complaints and dissatisfaction rates around hidden charges. However, ETI seems to have honed its craft well since 1989, as we weren't able to find any complaints against the company on any online platforms.

Truth in Marketing

Discloses All Important Terms


Public Pricing Available


Electronic Transfer Inc Pricing, Rates & Fees


Below are the pricing available for ETI payment processing services of;

Swiped – 1.00% – 4.99% + $0.25/transaction

Keyed-in – 1.00% – 4.99% + $0.25/transaction

Virtual Terminal – 1.00% – 4.99% + $0.25/transaction

Contract term – Month-to-month

Early termination fees – None

Statement fee – $9.95/month

Gateway fee – $10/month

PCI compliance fee – not available

Merchants may also incur fees for PCI compliance, batch fees, and technical support fees through ETI. Since companies may be using independent sales agents, some rates and prices may vary depending on the business type, the number of transaction volumes, and the merchant's negotiation skill.

Pricing at a Glance

Pricing Model

Flat Rate

Swiped Rate

1.00% - 4.99% + $0.25

Keyed-in Rate

1.00% - 4.99% + $0.25

Mobile Payment Rate

Virtual Terminal Rate

1.00% - 4.99% + $0.25

Monthly Fee


Payment Gateway Fee

$10 Per Month

Batch Fee


Early Termination Fee


PCI Compliance Fee


Equipment Lease Terms


Address Verification Service (AVS)

Application Fee

Account Setup Fee


Gateway Setup Fee

Annual Fee

Monthly Minimum


Statement Fee

$9.95 Per Month

Electronic Transfer Inc Contract & Terms

ETI is very transparent regarding its contract terms and has no long-term contracts. The company offers merchant processing services on a month-to-month contractual basis. Merchants can cancel their services at any time, albeit with a 30-day notice. As a result, the does not have any early termination fees.

The company also offers mobile card readers via a partnership with PAX. Thankfully, the company does not lease any equipment. We believe that merchants should not ever lease POS equipment but rather outright purchase the devices needed. Leasing equipment usually costs 2-3 times the original price of the POS terminals.

Contract Length

Month-to-month1 Year3 Years

Early Termination Fee


Electronic Transfer Inc Setup & Support


Setup Highlights

  • Documentation / Knowledge Base

Support Highlights

  • Domestic Phone Support (Business Hours)

Electronic Transfer Inc Complaints, Ratings & Reviews

We found no complaints against ETI on the BBB website nor any other online platform. The company seems to have identified good customer support as a basic tenet of serving merchants and executing that strategy. We also did not find any lawsuits filed against the company.



A+(0 complaints)


4.4 Stars / 7 Reviews


5 Stars / Based on the opinion of 1 person


5 Stars / ‎2 Reviews


Total Online Reviews


Total Online Complaints





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