Best for
Merchants with standard-risk businesses in need of payment processing services, as well as add-ons, such as gift and loyalty card programs.
Specializes in
Impact PaySystem specializes in working with restaurants, gas stations, convenience stores, retailers, and charitable organizations to provide them with payment processing services. This company works with several other processing partners as well.
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 : $0
Contract Terms:
Impact PaySystem was founded in 2001 as a merchant account provider and payment processing company.
The company’s headquarters is in Cordova, Tennessee, and works with First Data, Chase Paymentech, Global eTelecom, and Elavon as its processing partners.
The president of Impact PaySystem is Dee Karawadra and the company is a registered ISO/MSP of Wells Fargo Bank, N.A., Concord, CA, JP Morgan Chase, Fifth Third Bank, and Elavon, Inc.
Impact PaySystem is located in Cordova, Tennessee. This company is a merchant account provider and payment processor that works with several other companies to provide its services.
The company was founded in Memphis, Tennessee in 2001, and its About Us page claims that its alliances with other companies are what makes it such a great solution for merchants.
Impact PaySystem’s vision is to become the most highly recommended merchant service provider in the payment space. Its mission is to provide outstanding customer service to its merchant customers.
Impact PaySystem is a registered ISO with Wells Fargo Bank, N.A., Concord, CA, JP Morgan Chase, Fifth Third Bank, and Elavon, Inc. Its president and CEO is Dee Karawadra.
Head Quarters
1164 Vickery Lane Suite 200, Cordova, TN 38016
Year Founded
2001
CEO
Unknown
Employees
201-500
Merchant Provider Risk Tolerance
Places high value on the customer services they offer.
Variety in payment processing products a merchant can choose from.
They offer gift card and loyalty card programs to build merchant brand.
In-house sales team to handle all their marketing.
Upfront with their rates and fees.
Export their processing to external companies.
Unclear on whether equipment is rented, leased, or outright purchased.
Setup time can take up to 14 days.
No reviews available anywhere to provide company feedback.
Does not appear to accept tap payments.
Hardware & Software
Impact PaySystem has partnered with iBuxx for its payment processing hardware. Merchants in need of POS systems or terminals can choose from several different products:
Terminals
A mobile app
A mini POS system
A standard POS system
For merchants in need of them, Impact PaySystem offers a fully hosted, customized donation portal or payment gateway.
Value Added Services
Impact PaySystem offers both gift and loyalty card programs to its merchant customers, as well as ATM services if needed.
The company also has an online supply store that can be accessed by merchants that need to obtain products such as cleaning supplies, receipt paper, decals, and credit card signs.
Supported Payment Types & Services
Merchants that do business with Impact PaySystem will be able to accept all of the following forms of payment:
Credit card payments from Visa, Mastercard, American Express, and Discover
Debit card payments
Check payments
Gift card payments
There is no information available about payments from mobile wallets, such as Apple Pay and Google Pay.
Discloses All Important Terms
No
Public Pricing Available
Unknown
When a merchant customer begins working with Impact PaySystem, they have the option of three different programs.
SimpleBuxx:
$14.95 per month
Card-present rate: 2.55% + $0.10 transaction fee
Card-not-present rate: 3.25% + $0.15 transaction fee
Interchange and wholesale rates: 0
iBuxx:
$19.95 per month
Card-present rate: 2.55% + no transaction fees
Card-not-present rate: 3.25% + no transaction fees
Interchange and wholesale rates: 0
PrimeBuxx
$24.95 per month
Card-present, card-not-present and interchange rate: Pass-thru
Wholesale rate: 0.20% + $0.15 transaction fee
There is no information available about PCI compliance fees or early termination fees. Impact PaySystem also offers a cash discount program, which allows merchants to charge the transaction fees to customers paying with credit cards.
Pricing Model
Unknown
Swiped Rate
1.00% - 4.99%
Keyed-in Rate
1.00% - 4.99%
Mobile Payment Rate
N/A
Virtual Terminal Rate
N/A
Monthly Fee
N/A
Payment Gateway Fee
N/A
Batch Fee
N/A
Early Termination Fee
$0
PCI Compliance Fee
Undisclosed
Equipment Lease Terms
Undisclosed
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 no information available on the Impact PaySystem website regarding contracts and terms. Because this processor works with First Data and Elavon, it likely has the same contract terms these companies do.
Contract terms may vary based on the type of business a merchant has. The iBuxx website does not have any information regarding contracts and terms for equipment leasing. Terminals are the most cost-effective option at $19.95 per month, but this could be a rental fee and not a leasing charge.
Contract Length
Unknown
Early Termination Fee
$0
Because Impact PaySystem offers mostly POS systems and terminals, it may take merchants 10-14 days before they can begin accepting payments.
Merchants in need of payment gateways or virtual terminals may be able to be up and running much faster, in as little as 24-48 hours, depending on the underwriting process.
The company has a dedicated phone number for customer support that is available 24/7. Thre is also an email address for merchants to utilize for general questions.
BBB Rating
Impact PaySystem has been an accredited business with the Better Business Bureau since 2004. The company has an A+ rating with the BBB.
There are no customer complaints or reviews for this company on the BBB website.
Other Online Reviews
There are no negative reviews online about Impact PaySystem online, which suggests that the company is transparent in what they offer their merchant customers.
BBB
A+ and has been Accredited since 2004. (0 Reviews; 0 Complaints)
N/A
N/A
Yelp
N/A
Total Online Reviews
Unknown
Total Online Complaints
Unknown
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