Best for
Small businesses(≈ 20 employees) operating in the retail and restaurant sector as per online reviews
Specializes in
Intrepid Payment Processing caters to a wide range of areas such as installing POS hardware, managing gift/loyalty programs, mobile payment processing, credit/debit card processing, check conversion, online payment solutions, and more. It serves sectors such as retail and e-commerce and mobile commerce.
Pricing Summary
Setup Fee: $0
Monthly Fee: $25
Swipe Rate: Variable
Keyed-in Rate: Variable
Early Termination Fee : $495
Contract Terms:
Intrepid Payment Processing is an ISO of Fifth Third Bank, Cincinnati, Ohio. Its location is 3350 Boyington Dr., Suite B, Carrollton, Texas 75006, which is also the address for Summit Merchant Solutions, Certified Payment Processing, Axis Payments, and TransTech Merchant Group.
The Intrepid Payment Processing website (intrepidpaymentprocessing.com) is currently inactive. Based on online reviews, the company mainly offers digital payment processing solutions.
As a result, first-hand information regarding its business strategies and pricing, terms are unavailable. However, it's maintaining social media profiles on Facebook and YouTube since 2015.
Head Quarters
Carrollton, TX
Year Founded
1991
CEO
Andrew Frankel
Employees
200
Merchant Provider Risk Tolerance
Good for small businesses in the retail and restaurant sector.
No setup fee.
Accepts electronic benefit cards.
Has electronic check conversion.
A gift and loyalty program is available.
Monthly fee.
Early termination fee.
Three year contract term.
Has an inactive website.
Public pricing is not available.
Credit and Debit Card Processing
Intrepid Payment Processing provides card acceptance solutions through typical credit card machines or the ability to accept payments through a smartphone. For brick and mortar businesses like retail shops and restaurants, traditional card machines will be appropriate. On the other hand, mobile card readers are suitable for deliveries and roadshows.
Electronic Check Conversion
Customers who still prefer to use checks can quickly and securely pay with an electronic check conversion option available from Intrepid. With check conversion, the customer's physical paper is fed through a check imager and converted into an electronic deposit. Conversion eliminates the need to deposit the check at your bank physically.
EBT Acceptance
Electronic benefit transfer (EBT) cards look and operate like regular debit cards but require unique installation and setup. Intrepid Payment Processing can do all of that inside any retail store. It will allow shops to accept EBT cards, widen its customer base, and eventually increase sales to boost overall business.
Discloses All Important Terms
No
Public Pricing Available
No
Intrepid Payment Processing has the following rates based on online reviews:
a $95 annual fee, a $25 monthly minimum, a yearly PCI compliance fee of $124.75, and a host of other miscellaneous costs.
Subsequently, the firm also has a $90 monthly equipment lease fee for a single terminal.
Pricing Model
Unknown
Swiped Rate
Variable
Keyed-in Rate
Variable
Mobile Payment Rate
Virtual Terminal Rate
Variable
Monthly Fee
$25
Payment Gateway Fee
Variable
Batch Fee
Early Termination Fee
$495
PCI Compliance Fee
$124.75 annually
Equipment Lease Terms
Non-Cancellable
Address Verification Service (AVS)
Application Fee
Variable
Account Setup Fee
$0
Gateway Setup Fee
Variable
Annual Fee
$95
Monthly Minimum
$25
Statement Fee
As per online reviews, Intrepid Payment Processing has a 3-year contract with automatic yearly renewals and an early termination fee (ETF) in the range of $495 to $595. There are other undisclosed miscellaneous fees which merchants should also bear in mind.
Contract Length
3 Years
Early Termination Fee
$495
The firm has a profile with Better Business Bureau, and it currently boasts a B- rating. Intrepid Payment Processing is not, however, a BBB-accredited business. There are 28 complaints against Intrepid Payment Processing on its BBB profile. The breakdown comprises 10 advertising issues, 8 product or service issues, and 7 billing and collection issues. 13 of these complaints saw resolution while the remainder saw unsatisfactory closure or none at all.
BBB
B- (28 complaints)
None
Yelp
N/A
Total Online Reviews
50+
Total Online Complaints
20+
Lawsuits
None
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