Best for
Standard-risk merchants looking for integrated online and mobile payment processing or a new terminal and POS system.
Specializes in
Online payment processing, mobile payment processing, credit card terminals, POS hardware and software, virtual terminals, payment gateways, check processing, fraud prevention.
Pricing Summary
Setup Fee: $0
Monthly Fee: $3.95 per month (regulatory fee)
Swipe Rate: Interchange plus (variable)
Keyed-in Rate: Interchange plus (variable)
Early Termination Fee : $250
Contract Terms:
Mainstream Merchant Services is a merchant account provider that offers credit card terminals, POS solutions, and online payment processing. The company’s standout product is its TSYS Web Pass, which lets merchants process payments from any of their devices with a single integrated system.
Mainstream Merchant Services is a registered ISO/MSP of the First National Bank of Omaha and is based out of Alpharetta, Georgia, and is currently ran by Jay Vignal.
Mainstream is a good solution for companies operating in the following sectors:
The company offers merchants a wide variety of POS solutions and credit card terminals to choose from. Mainstream Merchant Services also has a product called TSYS Web Pass that lets merchants process payments from any of their devices as long as it’s connected to the internet.
Mainstream isn’t forthcoming about its pricing but we haven’t found many complaints about the company online about excessive charges or hidden fees. In fact, Mainstream Merchant Services currently has an A rating with the Better Business Bureau, and nothing found in our research disputes that rating.
Head Quarters
Alpharetta, Georgia
Year Founded
2007
CEO
Jerome Vignale
Employees
80
Merchant Provider Risk Tolerance
Online Payment Processing
Mainstream Merchant Services offers a virtual terminal that it calls the TSYS Web Pass. This tool enables you to process payments from any of your devices as long as it’s connected to the internet. The platform lets you accept the most common forms of payments and offers additional functionalities like:
Credit Card Terminals
Merchants can also purchase or lease a wide variety of credit card terminals from Mainstream Merchant Services. The company offers the following highspeed credit card terminal options:
Mainstream Merchant Services also offers several wireless credit card terminals for its merchants to choose from. Here’s what that offering looks like:
POS Solutions
If you’re looking for a new POS system, you can get it through Mainstream Merchant Services. The company provides several options to choose from, including Mynt POS, Vital POS, and Poynt POS equipment and software.
Each of these POS systems includes its own set of benefits. What’s right for your company will vary based on the industry that you operate in and what your payment processing goals are. That means it’ll be worth it to do some research to figure out which of Mainstream’s POS systems is right for you before buying.
Discloses All Important Terms
No
Public Pricing Available
No
We know that Mainstream Merchant Services favors an interchange-plus pricing strategy. However, the company doesn’t disclose what it charges its merchants for virtual terminals and payment gateways.
We do know that Mainstream Merchant Services charges its clients several types of fees, however. For example, you should expect to pay a $10 monthly payment gateway fee, a $10 monthly virtual terminal fee, a regulatory fee of $3.95 per month, and a PCI compliance fee of $6.95 per month.
Pricing Model
Interchange Plus
Swiped Rate
Interchange plus (variable)
Keyed-in Rate
Interchange plus (variable)
Mobile Payment Rate
Virtual Terminal Rate
Interchange plus (variable)
Monthly Fee
$3.95 per month (regulatory fee)
Payment Gateway Fee
$10 Per Month
Batch Fee
Undisclosed
Early Termination Fee
$250
PCI Compliance Fee
$6.95 Per Month
Equipment Lease Terms
None
Address Verification Service (AVS)
Application Fee
Account Setup Fee
$0
Gateway Setup Fee
Undisclosed
Annual Fee
Monthly Minimum
$20 Per Month
Statement Fee
Mainstream Merchant Services doesn’t reference its contracts on its website. However, we were able to gather some information from reviews left by merchants that have worked with the company in the past.
According to these reviews, Mainstream favors a three-year contract that automatically renews every two years. This contract comes with a $250 early termination fee. But merchants can avoid this fee if they cancel the agreement via written notice at least 30 days before it’s expected to renew.
Contract Length
3 Years
Early Termination Fee
$250
Mainstream Merchant Services currently has an A rating with the Better Business Bureau. The company has not received very many complaints about its services online either. Together, these two facts seem to suggest that most merchants who use Mainstream are happy with their decision to do so.
BBB
A and is not BBB Accredited. (0 Review; 0 Complaint)
4 Stars / 61 Reviews
No Reviews
Yelp
3 Stars / 2 Reviews
Total Online Reviews
100+
Total Online Complaints
Lawsuits
None
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