Best for
Merchants with businesses in the retail space, or who need to process payments in multiple currencies.
Specializes in
Elite Payment Processing specializes in processing payments for retail merchants as well as any merchant that needs to accept payments from many different currencies. This company markets itself as a payment and interchange management company that offers personalized results.
Pricing Summary
Setup Fee: N/A
Monthly Fee: N/A
Swipe Rate: 1.00% - 4.99%
Keyed-in Rate: 1.00% - 4.99%
Early Termination Fee : Up To $495
Contract Terms:
Elite Payment Processing was founded in 2007 and it is currently headquartered in Ft. Lauderdale, Florida.
This company is likely to be a reseller for many payment processing companies.
Elite Payment Processing is an ISO/MSP of Wells Fargo Bank, Walnut Creek, CA and Merrick Bank, South Jordan, UT.
Elite Payment Processing is a payment processing company that operates out of Ft. Lauderdale, Florida. It has been in business since 2007, and the company’s President is Bryan Facterman.
This company specializes in working with merchants operating retail stores as well as those who need to accept payments in several currencies. According to the company website, Elite Payment Processing places a heavy emphasis on forming and maintaining personal relationships with its merchant customers.
Elite Payment Processing can provide merchants with EMV swipers, POS systems, e-commerce solutions, and mobile payment processing solutions, based on their individual needs.
Head Quarters
7777 Glades Rd #100, Boca Raton, FL 33434, United States
Year Founded
2007
CEO
Unknown
Employees
Unknown
Merchant Provider Risk Tolerance
Specializes in brick and mortar retail stores.
Accepts multiple currencies for merchants working in fluid markets.
Focuses on building and maintaining relationships with each merchant.
24/7 live support for technical and customer support issues.
They place a heavy emphasis on security.
No information on contract length.
Setup has no hard timeframe.
Only one review to be found online.
No Better Business Bureau profile or rating.
Use outside resellers in their marketing.
Hardware & Software
Elite Payment Processing can assist retail merchants with obtaining POS systems, terminals, and accessories to assist with operating a retail gateway for customer purchases and payments. While this company does not offer its own equipment, it appears to partner with other companies that do.
Merchants with existing POS systems can easily integrate with Elite Payment Processing’s software in order to accept many different types of payments. This company does offer tablet and mobile payment processing solutions as well.
Elite Payment Processing also offers solutions for card-not-present transactions for e-commerce merchants and those needing to process MOTO orders.
Value Added Services
Elite Payment Processing has a robust fraud prevention system in place, including 3D secure, fraud manager, and chargeback management.
The company website also has a resources page that can assist merchant customers with information about payment processing.
Supported Payment Types & Services
Elite Payment Processing offers payment processing solutions that allow merchants to accept several different types of payments, including:
Visa, Mastercard, American Express, and Discover
Debit cards
Checks
MOTO
Also, Elite Payment Processing allows its merchant customers to accept payments in more than 60 currencies.
Discloses All Important Terms
No
Public Pricing Available
Unknown
There is some information available about Elite Payment Processing’s pricing and fees, but the company most likely structures each merchant’s fees according to how much volume they process every month, their risk level, and how long they have been in business.
The following information is available:
Virtual terminal rate: 2.90% + $0.30 per transaction
Gateway fee: $25
Batch fee: $0.10
Early termination fee: Up to $495
PCI Compliance fee: Up to $19.95 per month
Elite Payment Processing also offers Level 2 and Level 3 processing for B2B and B2G transactions, which have different interchange rates. These interchange rates were not available.
Pricing Model
Interchange Plus
Swiped Rate
1.00% - 4.99%
Keyed-in Rate
1.00% - 4.99%
Mobile Payment Rate
Unknown
Virtual Terminal Rate
2.90% + $0.30
Monthly Fee
N/A
Payment Gateway Fee
N/A
Batch Fee
$0.10
Early Termination Fee
Up To $495
PCI Compliance Fee
Up To $19.95 Per Month
Equipment Lease Terms
48 Month (locked)
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
N/A
Statement Fee
N/A
There is very little information online about the Elite Payment Processing contract with merchant customers. It is likely that contract terms are variable, based on the type of merchant that is requesting products and services.
Equipment leases often have different terms than payment processing contracts. It is possible that this company’s equipment lease terms could be for 48 months.
Contract Length
Variable
Early Termination Fee
Up To $495
There is currently no information available on the Elite Payment Processing website about how long it might take merchants to get set up to accept payments from their customers. Those using virtual terminals or online gateways may be able to get started within 24-48 hours. Those who need to integrate with their current POS systems or terminals, or who need new equipment may take longer.
The Elite Payment Processing website has a Contact page that allows customers to call, fax, or email about any issues they may be having. There are email addresses for service, information, and sales. Live support is available from this company 24/7.
BBB Rating
Elite Payment Processing is not accredited with the Better Business Bureau, although the company does have a profile on the BBB website. It does not have a rating and there are no customer reviews or complaints listed. One review indicates that at one point, the company did have an A rating with the BBB.
Other Online Reviews
There is only one review listed online for Elite Payment Processing and it is favorable. Because this company works with so many others, it is possible that they provide much of its customer service support. This also means that those complaints would be directed toward other payment processing companies.
BBB
NR and This Business is not BBB Accredited. (0 Reviews; 0 Complaints)
5 Stars / 9 Reviews
0 out of 5 Based on the opinion of -1 people
Yelp
N/A
Total Online Reviews
10+
Total Online Complaints
Unknown
Lawsuits
Unknown
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