MagicPay Review

Rates and Fees
90/100
Truth in Advertising
90/100
Consumer Reviews
90/100
Customer Support
100/100
4.8

Best for

Small to medium size retail businesses that process payments online or in-store.

Specializes in

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.

Pricing Summary

Setup Fee: Variable

Monthly Fee: Variable

Swipe Rate: 2.39% + $0.20

Keyed-in Rate: 3.49% + $0.20

Early Termination Fee : $0

Contract Terms:

Month-to-month
Visit MagicPay

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 Overview

 

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.

Quick Facts

Head Quarters

Boca Raton, Florida

Year Founded

2012

CEO

Rami Levi

Employees

10

Merchant Provider Risk Tolerance

What We Like

What We Don't Like

Industries Served

  • Airlines
  • Automotive
  • Beauty & Wellness
  • Clothing & Apparel
  • Convenience Store
  • Contractors
  • Credit Repair
  • Dating
  • Debt Consolidation
  • E-Cigarettes / Vape
  • Educational Seminars
  • Electronics
  • Food & Beverage
  • Gaming
  • Gas Station
  • Guns & Firearms
  • Healthcare
  • Hunting & Outdoor Equipment
  • Legal
  • Marketing Agency
  • Medical
  • Moving Companies
  • Nutraceuticals & Supplement
  • Personal Service
  • Pharmaceutical
  • Professional Services
  • Property Management
  • Online Sellers
  • Restaurant / Bar
  • Retailers
  • SAAS
  • Software & Apps
  • Self Defense, Tasers & Stun Guns
  • SEO & SEM Services
  • Smoking Accessories
  • Telemedicine
  • Thrift Store
  • Travel
  • Web Design Services
  • Wholesalers

Business Types Served

  • B2B
  • Drop Shipping
  • Ecommerce
  • Enterprise Merchant Accounts
  • High Risk
  • High Volume
  • Mobile
  • Mom & Pop
  • MOTO
  • Online
  • Retail / Card Present
  • Small Business
  • Subscription / Continuity
  • Wholesale

MagicPay Products & Services

 

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.

Value-Added Services

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:

Visa
Mastercard
American Express
Discover
Diner’s Club

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.

MagicPay Payment Processing

  • ACH Check Transactions
  • Cash Transactions
  • Chargeback & Fraud Prevention
  • Check Services
  • Contactless NFC
  • Credit Card Processing
  • Credit Card Terminals
  • Debit Card Processing
  • EBT Acceptance
  • eCheck & ACH Processing
  • EMV Processing
  • Gift & Loyalty Program
  • High-Risk Industries
  • Mobile Card Reader
  • Mobile Commerce
  • Mobile Payments App
  • Online Payments
  • Online Shopping Cart Integration
  • Payment Gateway
  • Payment Processing Services Integration
  • POS Equipment
  • Receipt Printing
  • Recurring Billing
  • Retail Payment Processing
  • Shopping Cart Integration
  • Signature Capture
  • Virtual Terminal

MagicPay Billing & Invoicing

  • Contingency Billing
  • Customizable Invoices
  • Dunning Management
  • Mobile Payments
  • Online Invoicing
  • Online Payments
  • Payment Processing
  • Recurring/Subscription Billing

MagicPay Advertising & Sales

 
There is no evidence that MagicPay uses independent sales agents. There is also no evidence of complaints of unfair sales practices.

MagicPay’s website highlights transparent pricing and no hidden fees.

Truth in Marketing

Discloses All Important Terms

No

Public Pricing Available

Yes

MagicPay Pricing, Rates & Fees

 

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.

Pricing at a Glance

Pricing Model

Interchange PlusTiered Pricing

Swiped Rate

2.39% + $0.20

Keyed-in Rate

3.49% + $0.20

Mobile Payment Rate

Interchange + 0.50% + $0.10 - $0.21

Virtual Terminal Rate

2.20% - 3.20% + $0.30

Monthly Fee

Variable

Payment Gateway Fee

$15 Per Month to $30 Per Month

Batch Fee

Undisclosed

Early Termination Fee

$0

PCI Compliance Fee

Undisclosed

Equipment Lease Terms

Undisclosed

Address Verification Service (AVS)

Application Fee

Account Setup Fee

Variable

Gateway Setup Fee

Annual Fee

Monthly Minimum

Undisclosed

Statement Fee

Undisclosed

MagicPay Contract & Terms

Contracts appear to be month to month with no termination fees.

Contract Length

Month-to-month

Early Termination Fee

$0

MagicPay Setup & Support

 

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.

Setup Highlights

  • Documentation / Knowledge Base
  • Live Online (1-on-1)
  • Recorded Video Training

Support Highlights

  • Domestic Phone Support (Business Hours)

MagicPay Complaints, Ratings & Reviews

BBB Rating

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.

Ratings

BBB

A+ and had been Accredited since 2019. (8 Reviews; 0 Complaints)

Google

5 Stars. 42 Reviews

Facebook

4.6 Stars. Based on the opinion of 24 people

Yelp

N/A

Reviews

Total Online Reviews

65+

Total Online Complaints

<10

Lawsuits

None

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