Best for
Merchants in the retail and ecommerce space that are in need of payment processing services via virtual terminals, payment gateways, and more.
Specializes in
Main Street Merchant Solutions specializes in working with merchants that want to process payments via virtual terminals and payment gateways. This company also offers shopping cart and API integration, as well as recurring billing.
Pricing Summary
Setup Fee: Unknown
Monthly Fee: Unknown
Swipe Rate: interchange + 0.10%+
Keyed-in Rate: interchange + 0.10%+
Early Termination Fee : No Fee
Contract Terms:
Main Street Merchant Solutions was founded as a DBA of Symmetric Technologies, which got its start in 1998.
The company does not list its physical address, but the headquarters for Symmetric Technologies is in Newton, Massachusetts.
Symmetric Technologies is a reseller for Payment Logistics, Electronic Payments, and Clearent.
Main Street Merchant Solutions is a payment processing company and merchant account provider that is actually a service of Symmetric Technologies, and an agent of Electronic Payments, Clearent, and Payment Logistics.
Electronic Payments and Payment Logistics are registered ISOs/MSPs of Wells Fargo Bank, N.A., Walnut Creek, CA. Clearent is a Member Service Provider for Central Bank of St. Louis, Clayton, MO. Payment Logistics is a registered TTP of MasterCard International.
There is very little information online about Main Street Merchant Solutions. But Symmetric Technologies is located in Newton, Massachusetts, and that company was founded by Brian Huyser.
This company primarily has merchant customers in the retail and ecommerce industries.
Head Quarters
275 Grove St #2, Newton, Massachusetts
Year Founded
Unknown
CEO
Unknown
Employees
Unknown
Merchant Provider Risk Tolerance
Able to process payments through virtual terminals and gateways.
Offers shopping cart and API integration.
A recurring billing option is available.
Specializes in retail and ecommerce industries.
Does not work with independent sales agents.
Mobile and online sellers only.
Works with low risk businesses.
No company value added services.
No in house sales team.
Not all fees are disclosed.
Hardware & Software
Main Street Merchant Solutions’ primary focus is on online payment gateways. This company does not offer POS systems, credit card terminals, or other types of hardware.
The company works with several ecommerce payment gateway providers, including:
Authorize.Net
Network Merchants (NMI)
eProcessing Network
USAePay
In addition, all payment gateways are able to support an API that will support custom integrations. Recurring billing is also an available service through Main Street Merchant Solutions.
Value-Added Services
This company does not list any value-added services on its website. However, merchants may be able to access additional services - such as gift and loyalty card programs - through any one of its partner companies.
Supported Payment Types & Services
Merchant customers that choose Main Street Merchant Solutions as their payment processing company and merchant account provider will be able to accept the following forms of payment:
All four major credit cards
Debit card payments
ACH payments
It is also possible that mobile wallet payments and other types of credit cards may be accepted, depending on the payment gateway the merchant chooses.
Discloses All Important Terms
Yes
Public Pricing Available
No
There is not a lot of information available online regarding Main Street Merchant Solutions’ prices and fees. However, the company website does indicate that it offers Interchange-Plus pricing. Both swiped and keyed-in transactions are priced at Interchange + 0.10%.
Merchants may pay a monthly fee of $5 to $35 and a PCI Compliance fee of $79.95 per year. The company does not charge an early termination fee.
There are typically additional fees that are charged as well, such as:
Start-up fees
Monthly fees
Batch fees
Payment gateway fees
The company website is not clear about whether or not merchants are charged any of the above.
Pricing Model
Interchange Plus
Swiped Rate
interchange + 0.10%+
Keyed-in Rate
interchange + 0.10%+
Mobile Payment Rate
Merchants may pay a monthly fee of $5 to $35
Virtual Terminal Rate
Unknown
Monthly Fee
Unknown
Payment Gateway Fee
N/A
Batch Fee
N/A
Early Termination Fee
No Fee
PCI Compliance Fee
PCI Compliance fee of $79.95 per year.
Equipment Lease Terms
Unknown
Address Verification Service (AVS)
Unknown
Application Fee
Unknown
Account Setup Fee
Unknown
Gateway Setup Fee
Unknown
Annual Fee
PCI Compliance fee of $79.95 per year.
Monthly Minimum
Unknown
Statement Fee
Unknown
This company offers variable contract terms through its partner companies, so there is no information available online regarding the standard Main Street Merchant Solutions contract. As mentioned above, this company does not charge early termination fees.
It is possible that Main Street Merchant Solutions offers month-to-month contracts for some merchants, depending on their business types. Some contracts may be long-term and set up for 3-5 years.
Contract Length
Unknown
Early Termination Fee
No Fee
There is no information available on the Main Street Merchant Solutions website regarding how long it might take businesses to get set up to process payments. However, because this company only works with payment gateways, setup can typically be completed very fast - within a few days.
It may take up to 72 hours to complete the application process, depending on if all documentation has been received.
Main Street Merchant Solutions has a contact page on the company website that lists a phone number for customer support. There is also a contact form for customers to fill out if they need assistance.
BBB Rating
There is no profile for Main Street Merchant Solutions on the Better Business Bureau website. There is also no profile listed for Symmetric Technologies.
Other Online Reviews
There are no online reviews or complaints for Main Street Merchant Solutions. However, it is possible that they may be getting posted under the names of the companies this provider is in partnership with.
BBB
N/A
N/A
N/A
Yelp
N/A
Total Online Reviews
Unknown
Total Online Complaints
10+
Lawsuits
Unknown
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