My Business Venture Review

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Rates and Fees
65/100
Truth in Advertising
95/100
Consumer Reviews
90/100
Customer Support
90/100
4.2

Best for

Retail, Mobile, E-commerce, Mail order/ Telephone order.

Specializes in

Online store, Web hosting, Credit and debit card processing, Mobile phone processing, Virtual terminal, Online payment gateway, POS equipment. 

Pricing Summary

Setup Fee: Standard Plan $795

Monthly Fee: Standard Plan $99.83 (For First 36 Months)

Swipe Rate: 

Keyed-in Rate: 

Early Termination Fee : $0

Contract Terms:

Month-to-month 3 Years
Visit My Business Venture

My Business Venture is a compendious E-commerce service provider, founded in 2013.

My Business Venture Overview

 

My Business Venture provides various eCommerce business services for companies in the United States. One of their primary services is the provision of online stores, for sales of products, to customers.

MBV has similar Mundus Operandi with other businesses like Shopify. However, MBV is distinct in that it always has about 14,000 products to sell out, for its new users, at every point in time.

With MBV, new users do not have to be business savvy before they can begin with eCommerce.

Other website services they offer are web hosting, domain registration, website buildup, video spokesperson, and various other web solutions.

Quick Facts

Head Quarters

Smithtown, NY

Year Founded

2013

CEO

Thomas Stridiron

Employees

50

Merchant Provider Risk Tolerance

What We Like

An all-encompassing platform.

Simplification of service.

BBB accredited.

What We Don't Like

Unavailable in some countries.

Overpricing.

Industries Served

  • Cigars & Tobacco
  • Clothing & Apparel
  • Convenience Store
  • Electronics
  • Gaming
  • Gas Station
  • Medical
  • SAAS
  • SEO & SEM Services
  • Smoking Accessories
  • Thrift Store
  • Web Design Services

Business Types Served

  • Ecommerce
  • Information
  • Low Risk
  • Mobile
  • MOTO
  • Online
  • Retail / Card Present

My Business Venture Products & Services

 

MBV offers various eCommerce services, and they also deal with physical products like virtual terminals and POS equipment.

Regardless of if you own a startup business or an already existing enterprise, MBV can quickly set up a befitting hosting account for your business that will become functional in a matter of days.

With MBV, you can register your domain name and also set up a payment solution that offers bigger saving opportunities compared to your competitors, a 24/7 service, and loads of other free extras.

MBV has a partnership with other companies and individuals that will represent your business and stand in as a spokesperson for your website. This service is tailored in such a way that your business name, messages, and other information align with your business objectives.

They will also provide you with various marketing solutions and social media strategies to give your business the exposure it needs.

My Business Venture Payment Processing

  • Credit Card Processing
  • Debit Card Processing
  • Online Payments
  • Payment Gateway
  • POS Equipment
  • Virtual Terminal

My Business Venture Billing & Invoicing

  • Mobile Payments
  • Online Payments

My Business Venture Advertising & Sales

 
MBV is an ethical venture marketed as eCommerce solutions for budding entrepreneurs. They do this dependently without trying to promote their payment processing services alongside.

They make use of various social media platforms to advertise their web hosting and solution services.

MBV is not known for using independent sales agents to promote their services.

Truth in Marketing

Discloses All Important Terms

No

Public Pricing Available

Yes

My Business Venture Pricing, Rates & Fees

 

Information about MBV pricing and fees is available online, and this depicts their transparency.

MBV has four membership programs. The standard package costs an upfront payment of $495 and $100 for three years. This package comes with a customized store for your eCommerce business.

The professional package is the most familiar package, and it costs a one-time payment fee of $2795. With this package, you will learn how to drive organic traffic to your online store and also generate online income.

The third package is the enterprise package, and this comes with benefits like customized logos and a training program. The cost is $3995.

The final package is the premier plan that costs $4695. This package includes all other plan’s features.

MBV website informs that every merchant account must pay a flat rate of 2.19% + $0.2. This rate does not exclude transactions via other gateway services.

Pricing at a Glance

Pricing Model

Tiered PricingFlat Rate

Swiped Rate

Keyed-in Rate

Mobile Payment Rate

Virtual Terminal Rate

2.19% + 0.20%

Monthly Fee

Standard Plan $99.83 (For First 36 Months)

Payment Gateway Fee

Undisclosed

Batch Fee

Early Termination Fee

$0

PCI Compliance Fee

$15.95 Per Month

Equipment Lease Terms

Address Verification Service (AVS)

Application Fee

Account Setup Fee

Standard Plan $795

Gateway Setup Fee

Annual Fee

Monthly Minimum

Statement Fee

My Business Venture Contract & Terms

MBV offers four types of plans via i3 Vertical, an IT service management company, for all merchant accounts.

There are also various gateway payment options like Pay-Me-Now and Authorize.Net.

Contract Length

Month-to-month3 Years

Early Termination Fee

$0

My Business Venture Setup & Support

 

Setup Highlights

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

Support Highlights

  • Domestic Phone Support (Business Hours)
  • Offshore Tech Support (After Hours)

My Business Venture Complaints, Ratings & Reviews

A review of MBV complaints include are:


  • 20 complaints in 3 years.

  • 3 advertising complaints

  • 14 products and services complaints  

  • 3 pricing and billing complaints.


They were able to solve 13 of these complaints to merchants’ satisfaction. The remaining seven are unaccounted for. Hence the merchants were either unsatisfied, or they did not give a verdict on the solution MBV provided.

MBV has an A+ rating on Better Business Bureau (BBB). They are BBB accredited. 

Ratings

BBB

A+ (22 Customer Complaints)

Google

Facebook

Yelp

Reviews

Total Online Reviews

Total Online Complaints

<10

Lawsuits

None

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