Best for
Merchants of all sizes that are seeking the lowest possible rates on transaction fees and want to learn how to qualify for the lowest interchange rates.
Specializes in
Impact Merchant Solutions specializes in working with merchants that need a customized solution for payment processing services. This company takes a one-on-one approach when working with its merchant customers to ensure they have the services they need.
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 : Variable
Contract Terms:
Impact Merchant Solutions was founded in 2017 as a merchant account provider that serves most types of businesses.
This company once operated under the name, Associated Merchant Services, which listed a primary location of Durango, Colorado.
Impact Merchant Solutions is located in Westlake Village, California and Reuven Cypers is the company president.
Impact Merchant Solutions is a merchant account provider that works with several partners to provide its payment processing services. Those partners include Elavon, WorldPay, First Data, and Authorize.Net, among others.
This company was founded in 2017, and there is evidence to suggest that it used to operate under the name, Associated Merchant Services out of Colorado. Today, the company is headquartered in Westlake Village, California under the leadership of Reuven Cypers, the company president.
Impact Merchant Solutions does not publicly mention its acquiring bank, but the company’s About Us page states that it works with more than twenty different banks and processors to allow for customized merchant customer solutions.
Head Quarters
4580 Thousand Oaks Boulevard Agoura, Westlake Village, CA 91362, United States
Year Founded
2017
CEO
Unknown
Employees
Unknown
Merchant Provider Risk Tolerance
Company works one on one to create individual service packages.
Wide variety of payment processing options.
Offers online marketing tools in their value-added services.
Accepts all major payment types.
Offers free POS systems.
No information about contracts or fees.
Email and phone are the only customer service options.
Not accredited with the Better Business Bureau.
Uses independent contractors to supplement marketing department.
They do not disclose lease terms for equipment.
Hardware & Software
Impact Merchant Solutions strives to customize its payment processing services according to each merchant customers’ needs. That is why this company offers a range of products and services, including:
POS systems (desktop and wireless)
Credit card readers and terminals
Virtual gateways
Mobile gateways
Internet payment gateways
Automatic recurring billing
Shopping cart integration
MOTO order processing capabilities
Value Added Services
Impact Merchant Solutions offers many value added services for the company’s merchant customers, including:
Cash advances for growing businesses
A gift card program
A loyalty program
Online marketing tools to track sales, strengthen margins, and virtually eliminate employee fraud
Supported Payment Types & Services
Impact Merchant Solutions allows its merchant customers to process many different types of payments, including:
Visa, Mastercard, Discover, and American Express payments
Debit card payments (including PIN-entered payments)
EBT
Gift cards
Mobile wallet payments (Apple Pay, Google Pay, etc.)
MOTO payments
Electronic checks
Discloses All Important Terms
No
Public Pricing Available
Unknown
There is no information available on the Impact Merchant Solutions website regarding the company’s prices and fees. This could be because it works with so many different types of merchants, so they receive their own pricing and fees schedule based on how long they have been in business, risk level, and the company’s payment processing history.
Impact Merchant Solutions’ website does indicate that the company offers equipment and setup free of charge, which should save merchants on lengthy leasing contracts and fees.
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
N/A
Payment Gateway Fee
N/A
Batch Fee
N/A
Early Termination Fee
Variable
PCI Compliance Fee
Variable
Equipment Lease Terms
$0
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
Impact Merchant Solutions does not publish any information on its website regarding contracts and terms. This could be because the company works with so many different processors, so they must adhere to the contracts and terms that have been set by them.
This company does offer free POS systems, terminals, and other types of hardware to its merchant customers, in most cases. So there is no need for merchants to be concerned about getting locked into long contracts with hardware suppliers.
Contract Length
Unknown
Early Termination Fee
Variable
The Impact Merchant Solutions website has an FAQ page that indicates that its approval process is very fast. The company promises to contact each merchant within 24 hours of filling out the contact form on its website. Once an application has been submitted and all necessary documentation has been received, a merchant account can be approved within 24 hours as well.
The company’s Contact page has a contact form, an email address for the sales team, and a phone number for customer service. Impact Merchant Solutions also states that each merchant customer is given the CEO’s phone number in the event of an issue they need to discuss with him.
BBB Rating
Impact Merchant Solutions is not accredited with the Better Business Bureau, but the company does have a profile on the BBB website with an A+ rating.
There have been no complaints or formal reviews for Impact Merchant Solutions on the BBB website within the last three years.
Other Online Reviews
Impact Merchant Solutions does not have any complaints online regarding being a ripoff or scam. There are no outstanding FTC complaints or class-action lawsuits that have been filed against this company.
BBB
A+ rating (0 Reviews; 0 Complaints)
N/A
No Reviews
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