Small to medium size retail businesses that process payments online or in-store.
MagicPay is retail processing experts offering solutions for in-person, mobile, and online transactions. They support high risk and international accounts as well. MagicPay provides a variety of solutions that support businesses beyond payment processing including inventory management, marketing software (Groovv), QuickBooks integration, and gift card programs.
Setup Fee: Variable
Monthly Fee: Variable
Swipe Rate: 2.39% + $0.20
Keyed-in Rate: 3.49% + $0.20
Early Termination Fee : $0
MagicPay is a merchant payment service headquartered in Boca Raton, FL that was founded in 2013. It specializes in high risk and international accounts, both in the US and Canada. MagicPay features Clover processing hardware and 24/7 live support for customers as well as several value-added services.
MagicPay is a merchant account provider headquartered at 1616 NW 2nd Ave, Boca Raton, FL. Rami Levi is listed as the founder and CEO of MagicPay and is favorably referenced often in online reviews.
According to the Better Business Bureau, MagicPay, founded in 2013, offers a wide range of services, and specializes in high risk and international accounts. MagicPay offers 24/7 live customer support.
Boca Raton, Florida
Merchant Provider Risk Tolerance
Hardware and Software
MagicPay features Clover products as well as highlighting a free EMV card reader (Hypercom, VeriFone, or Nurit 8000 Series) for all accounts.
MagicPay sells Clover POS hardware to support mobile processing or complete stationary POS systems. The Clover Go, Clover Mini, and Clover Flex are featured solutions.
Clover hardware comes pre-loaded with powerful software that can manage customer and transaction information. It can also help manage inventory.
There is a 30-day return policy that applies to hardware purchases.
MagicPay provides free QuickBooks software as well as integration to existing accounts.
For virtual payment gateways, MagicPay uses NMI, Authorize.Net, and Sage Pay.
MagicPay offers a variety of value-added services including Groovv, marketing, and social media enhancement tools. It also offers gift card programs.
MagicPay features a Cash Discount program where merchants can pass on the costs of processing to their customers.
Supported Payment Types and Services
MagicPay supports a wide variety of payment types including EMV chip cards, magstripe, PIN Debits, EBT cards, and NFC Contactless payments.
It offers a wide variety of major credit cards including:
It also supports digital payment platforms like Apple Pay and Google Wallet.
MagicPay has the ability to process 120+ international currencies and settle in US dollars.
MagicPay also supports ACH payments and eChecks if needed.
Discloses All Important Terms
Public Pricing Available
MagicPay offers an interchange-plus pricing model which is among the most popular in the industry. For in-person transactions, transaction fees range from $.5 to $.10, and monthly fees range from $10 to $30 per month depending on the hardware used.
For mobile processing, it offers two tiers of pricing: starter and premier. The starter level offers a 1% processing rate with a $.10 transaction fee, and a $10 monthly fee. The premier level boasts a .5% processing rate with a $.05 transaction fee, and a $20 monthly fee.
Both plans provide a free credit card terminal with the ability to upgrade for a cost.
For e-commerce, MagicPay offers two tiers: VirtualPay and VirtualPay Pro. The gateway integrates with over 50 online shopping carts and offers email receipts.
With VirtualPay, there is a $15 monthly fee, 2.2% discount rate, and $.30 transaction fee. For VirtualPay Pro there is a $30 monthly fee, a .75% rate, and a $.20 transaction fee.
All mobile, virtual and retail processing plans include an online terminal, 24/7 live customer service, no annual fee, and no setup fee.
There is no specific pricing listed for high risk accounts. As a general rule, high risk accounts can expect higher rates and fees compared to traditional accounts.
Interchange PlusTiered Pricing
2.39% + $0.20
3.49% + $0.20
Mobile Payment Rate
Interchange + 0.50% + $0.10 - $0.21
Virtual Terminal Rate
2.20% - 3.20% + $0.30
Payment Gateway Fee
$15 Per Month to $30 Per Month
Early Termination Fee
PCI Compliance Fee
Equipment Lease Terms
Address Verification Service (AVS)
Account Setup Fee
Gateway Setup Fee
Contracts appear to be month to month with no termination fees.
Early Termination Fee
MagicPay does not have a setup fee. Support is offered through the website using a contact form. There is also an email and phone number provided for support.
Customer service is available 24/7 by phone, email, or contact form.
MagicPay has an A+ rating from the Better Business Bureau. According to the BBB site, the business has been accredited since 2019. MagicPay has zero business complaints.
MagicPay has a 5-star customer review rating on the BBB website with 10 customer reviews that are all favorable.
Other Online Reviews
MagicPay has 47 business reviews on Google and has a 5-star rating. MagicPay also has a Facebook page with a 4.6 rating, with 28 reviews.
We were unable to find significant negative reviews online.
A+ and had been Accredited since 2019. (8 Reviews; 0 Complaints)
5 Stars. 42 Reviews
4.6 Stars. Based on the opinion of 24 people
Total Online Reviews
Total Online Complaints
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