Best for
High-risk merchants who are looking for a quick-approval provider for credit card processing and merchant accounts
Specializes in
High-risk merchant services, check processing, merchant accounts, chargeback protection, credit card processing.
Pricing Summary
Setup Fee: $0
Monthly Fee: Undisclosed
Swipe Rate: 1.00% - 4.99%
Keyed-in Rate: 1.00% - 4.99%
Early Termination Fee : Undisclosed
Contract Terms:
Premier One Payments is a merchant account provider that specializes in dealing with high-risk merchants. The company offers services like credit card processing, merchant accounts, chargeback protection, and check processing. Premier One Payments advertises that high-risk merchants can be approved for their services in as little as 48 hours.
Premier One Payments is based out of Chatsworth, California. The company was founded under the name of Trust Payments but rebranded to its current name in 2017. Premier One Payments markets itself as a high-risk merchant specialist. It focuses especially on payment processing for industries like:
The company does not list its backend processor or any acquiring bank on its website. This likely signifies that it maintains relationships with multiple processing companies and banks.
Premier One Payments makes very little information about its contractual terms or fees available online. But from what we can gather from merchant reviews, it seems as though the company favors a variable pricing model.
There are very few negative Premier One Payment reviews available online. The lack of negative reviews suggests that the company has a good track record with the merchants that it partners with.
Head Quarters
Chatsworth, California
Year Founded
2013
CEO
Daniel Gomez - Vice President, National Sales
Employees
20
Merchant Provider Risk Tolerance
Payment Processing
Premier One Payments offers payment processing services for a wide array of high-risk business types. The company’s processing solutions can enable a merchant to process the most commonly-used online payment types. A merchant can use Premier One to process things like e-checks, credit cards, mobile payments, debit cards, and more.
Merchant Accounts
Premier One Payments says that its merchant accounts enable high-risk merchants to process credit card payments without losing their profit margins to fees. But the company does not advertise its pricing model, so it’s impossible to say how accurate this statement is.
What is clear is that Premier One Payments offers several useful merchant account features. For example, they offer both domestic and offshore merchant account management. Additionally, the company can set you up with POS and terminals without charging you any fees to get started.
High-Risk Merchant Solutions
Premier One Payments focuses the bulk of its marketing material on the needs of high-risk merchants. The company does seem to offer several solutions that these types of merchants will find useful. For example, its high-risk account services include load-balancing gateways, multiple MIDS, speedy payments, and secure terminals.
Discloses All Important Terms
No
Public Pricing Available
No
Generally, higher-risk merchants have to pay higher fees than their standard-risk counterparts. This is likely how Premier One Payments approaches its pricing and fee structures. But we can’t know that for sure, as the company does not publish any of this information online.
Pricing Model
Tiered Pricing
Swiped Rate
1.00% - 4.99%
Keyed-in Rate
1.00% - 4.99%
Mobile Payment Rate
Virtual Terminal Rate
1.00% - 4.99%
Monthly Fee
Undisclosed
Payment Gateway Fee
Batch Fee
Early Termination Fee
Undisclosed
PCI Compliance Fee
Undisclosed
Equipment Lease Terms
Undisclosed
Address Verification Service (AVS)
Application Fee
Account Setup Fee
$0
Gateway Setup Fee
$0
Annual Fee
Monthly Minimum
Undisclosed
Statement Fee
There are no contractual complaints about Premier One Payments online. This may be a sign that merchants are generally happy with the contracts that they receive from the company.
That being said, we don’t know exactly what Premier One Payment’s preferred contractual terms look like because the company hasn’t made that information available to the public. However, high-risk merchants can generally expect to receive contracts and terms that vary according to their risk profile and the nature of their business.
Contract Length
3 Years
Early Termination Fee
Undisclosed
Premier One Payments currently has no rating on file with the Better Business Bureau. The company also has virtually no online complaints. This may be a sign that merchants who partner with Premier One Payments are generally happy to have done so.
BBB
Does not maintain a BBB profile.
N/A
No Recommendations Yet
Yelp
N/A
Total Online Reviews
10+
Total Online Complaints
Lawsuits
None
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