Best for
Merchants in need of modernized payment processing solutions regardless of their monthly volume.
Specializes in
Grovebay Financial specializes in providing personalized payment processing solutions for in-store purchases and online sales. They also offer flexible billing solutions, which can be tailored to fit the needs of the merchant.
Pricing Summary
Setup Fee: Unknown
Monthly Fee: Unknown
Swipe Rate: Unknown
Keyed-in Rate: Unknown
Early Termination Fee : Unknown
Contract Terms:
Grovebay Financial is a payment processing company and merchant account provider that offers electronic payment processing and credit card interchange management services.
The company has merchants in all 50 states.
Their website claims that they are among the top merchant service providers in the United States, which allows the company to pass along wholesale pricing to its merchant customers.
Grovebay Financial is a payment processing company that is located in Miami, Florida. The company offers its services to merchants all over the United States, and they have a merchant customer in each of the 50 states.
Grovebay Financial is a registered ISO and MSP of both Wells Fargo Bank and Elavon.
The company has less than 25 employees and its annual revenue is estimated to be between $500,000 and $1 million per year.
Grovebay Financial offers a number of services for merchants on top of their credit card processing services. They aim to be a one-stop solution for everything businesses need.
Head Quarters
7700 N. Kendall Dr., Ste 515 Miami, Florida 33156
Year Founded
Unknown
CEO
Unknown
Employees
Unknown
Merchant Provider Risk Tolerance
They offer flexible billing solutions that are tailored to each business.
They have many POS systems and credit card terminal options.
The company can support any number of products a business sells.
Unsecured cash advances are available for some businesses with high approval odds.
They offer multiple options for customer service.
This company may hire independent contractors instead of working with an internal sales team.
No pricing information is available on the Grovebay Financial website.
This company is not BBB accredited.
The company does not publish information about its contracts on its website.
This company may have a high early termination fee.
Hardware & Software
Grovebay Financial offers a diverse selection of point of sale solutions as well as flexible billing options for merchants to choose from. The company also provides electronic check services (ECS) to allow for safe and efficient electronic check transactions that are processed just as quickly as credit card transactions.
The company’s payment processing hardware has the ability to process pin-entered debit card transactions and gift cards as well. They offer “buy” buttons, APIs for shopping cart compatibility, a payment gateway and support for as many products as the merchant sells.
Value Added Services
Grovebay Financial has a robust gift card program for merchants that can be tailored to meet their needs. Merchants can choose from many standard features or get a customized solution. They also offer reloadable cards that allow customers to pre-pay for their merchandise or services.
In addition to gift cards, Grovebay Financial also provides business cash advances to merchants in need of them. The company’s simple, one-step process can provide immediate financial relief through unsecured funding as high as $600,000. They offer high approval odds and will tailor repayments to the merchant’s sales volume.
Supported Payment Types & Services
Grovebay Financial offers all types of payment processing services for many different types of payments, including:
All major credit cards (Visa, Mastercard, American Express, Discover, JCB, Diner’s Club, China Union Pay)
Debit cards (all pin networks)
Electronic gift cards
Pre-paid cards
Electronic checks
Discloses All Important Terms
Unknown
Public Pricing Available
Unknown
Grovebay Financial does not offer any information on its website regarding pricing and fees. This could be construed as deceptive, but it could also be because they offer their services to so many different types of merchants and pricing can vary.
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
Unknown
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
Grovebay Financial does not offer information about its contracts and terms on its website. The few reviews for the institution that are available also do not indicate any information.
Merchants should always be careful when working with merchant account providers that do not offer contract and terms information on their websites. They need to read everything carefully before making a commitment.
Contract Length
Unknown
Early Termination Fee
Unknown
There is no indication on the Grovebay Financial website about how long it might take to get set up with an account. They offer a convenient contact form on their site that connects prospective merchants with a sales associate to get further information.
For customer service support, merchants are invited to get in touch with Grovebay Financial through a number of different means. They may send an email to their customer service team, contact them by calling their toll-free number, or fill out the contact form on their website.
BBB Rating
Grovebay Financial is not accredited with the Better Business Bureau, and so, the company does not have a rating.
Other Online Reviews
There is only one other review online for Grovebay Financial, and it is basically an overview of the company’s services. The page does post an unverified review from a customer who rated the company with 3 stars for satisfaction, 3 stars for rates and fees, and 4 stars for customer services. The comment states that the company is very helpful when people have questions.
BBB
N/A
N/A
N/A
Yelp
N/A
Total Online Reviews
Unknown
Total Online Complaints
Unknown
Lawsuits
Unknown
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