Intrepid Payment Processing Review
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.
|Early Termination Fee||$495|
|Contract Terms||3 Years|
Intrepid Payment Processing Overview
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.
Intrepid Payment Processing Pros & Cons
Good for small businesses
EBT card options
Lack of transparency
Intrepid Payment Processing Products & Services
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.
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.
Intrepid Payment Processing Advertising & Sales
The Intrepid Payment Processing website is inactive. It doesn’t appear on Google search either, which is the primary point of promotion for most companies.
According to online reviews, the firm markets its services through a combination of pre-planned phone appointments and independent sales agents.
Truth in Marketing
|Advertises Deceptive Rates||No|
|Discloses All Important Terms||No|
|Public Pricing Available||No|
Intrepid Payment Processing Pricing, Rates & Fees
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 At A Glance
|Mobile Payment Rate|
|Virtual Terminal Rate||Variable|
|Payment Gateway Fee||Variable|
|Early Termination Fee||$495|
|PCI Compliance Fee||$124.75 annually|
|Equipment Lease Terms||Non-Cancellable|
|Address Verification Service (AVS)|
|Account Setup Fee||$0|
|Gateway Setup Fee||Variable|
Intrepid Payment Processing Contract & Terms
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.
Intrepid Payment Processing Setup & Support
Based on online reviews, Intrepid Payment Processing facilitates setting up payment gateways such as credit cards, checks, loyalty cards, etc.
Moreover, it provides installation of ATMs in restaurants and brick and mortar stores. The firm also has a 24-hour customer support system.
Intrepid Payment Processing Complaints, Ratings & Reviews
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)|
|Total Online Reviews||50+|
|Total Online Complaints||20+|