Best for
High-risk merchants who are okay with long-term contracts
Specializes in
Payment processing, terminal leases, high-risk merchant accounts, standard risk merchant accounts
Pricing Summary
Setup Fee: $0
Monthly Fee: Undisclosed
Swipe Rate: 1.00% - 4.99%
Keyed-in Rate: 1.00% - 4.99%
Early Termination Fee : $495
Contract Terms:
The Merchant Processing Company is a merchant account provider that services both high and standard-risk merchants. The company provides payment processing solutions for a wide variety of transaction types. It also offers terminal leases and merchant accounts, among other services.
The Merchant Processing Company was founded in 2010 and is based out of Princeton, New Jersey. The company also sometimes conducts its business through various DBAs, including the Crescent Processing Company. Some of the industries that The Merchant Processing Company services include:
Merchants can use this company to process a wide variety of payments both online and in person. The Merchant Processing Company offers terminals and merchant accounts to facilitate this.
The company favors a four-year contract with an early termination fee of $495. But its pricing practices are entirely unclear. The Merchant Processing Company has not published any information about its rates.
The Merchant Processing Company doesn’t have a profile with the Better Business Bureau, so no rating for them is available. The company itself doesn’t have many negative reviews online but its DBA, the Crescent Processing Company, does.
Head Quarters
Princeton, New Jersey
Year Founded
2010
CEO
Brian Johnson
Employees
50
Merchant Provider Risk Tolerance
Payment Processing
The Merchant Processing Company offers merchants a variety of payment processing solutions to choose from. The company can help merchants process the following types of payments, both in-person and online:
Unfortunately, it’s unclear whether The Merchant Processing Company can process EMV payments, Apple Pay, or Google Pay for merchants.
High-Risk Merchant Accounts
The Merchant Processing Company markets itself as a company that can support the needs of high-risk merchants. However, it’s entirely unclear what the company can do for them. The Merchant Processing Company doesn’t provide any information about its high-risk services beyond the fact that it offers high-risk merchant accounts.
Terminals
The Merchant Processing Company advertises free terminals for any merchant that signs up for an account with it. But it’s unclear what criteria need to be met in order to qualify for this offer. That being said, the company does have a good selection of terminals to choose from, including:
Discloses All Important Terms
No
Public Pricing Available
No
Unfortunately, it’s impossible to say anything about The Merchant Processing Company’s pricing and fees. The company has published no information about rates, PCI Compliance fees, monthly fees, or any other charges. All that we know about The Merchant Processing Company is that it uses a tiered pricing model.
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
Undisclosed
Batch Fee
Undisclosed
Early Termination Fee
$495
PCI Compliance Fee
Undisclosed
Equipment Lease Terms
48 Month (locked)
Address Verification Service (AVS)
Application Fee
Account Setup Fee
$0
Gateway Setup Fee
Annual Fee
Monthly Minimum
Undisclosed
Statement Fee
The Merchant Processing Company favors four-year contracts with an early termination fee of $495. That means merchants need to be confident that this company is their long-term solution before signing any deal with it.
We also know that The Merchant Processing Company uses a 48-month contract for its equipment leases. But the company has not provided any additional information about its terms.
Contract Length
3 Years
Early Termination Fee
$495
The Merchant Processing Company has no rating with the Better Business Bureau and very few online reviews. However, its DBA Crescent Processing Company has received a large number of negative reviews and complaints. Many of these criticized the company for inaccurate quotes, undisclosed fees, and dishonest billing practices. It’s likely that the Merchant Processing Company has some of these problems as well.
BBB
N/A
N/A
N/A
Yelp
N/A
Total Online Reviews
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