Best for
Merchants searching for POS systems and software that are easy to use and that offer subscription billing and payment capabilities.
Specializes in
Mynt specializes in providing POS systems and its own proprietary software to merchants of varying risk levels who want to process payments and bill for subscriptions or memberships. This provider particularly specializes in offering the Mynt Enterprise solution for restaurants.
Pricing Summary
Setup Fee: N/A
Monthly Fee: $69 for software costs
Swipe Rate: 1.00% - 4.99%
Keyed-in Rate: 1.00% - 4.99%
Early Termination Fee : 50% of Remaining POS Subscription
Contract Terms:
Mynt is a POS solution provider that offers multiple processing options to its merchant customers.
This company is a DBA of POS-X, LLC, and its non-EMV transactions are powered by Worldpay, while EMV transactions may be run through First Data, Global Payments, TSYS or Heartland.
Mynt’s headquarters is located in Bellingham, Washington and Karl Schoessler is listed as the vice president of the company.
Mynt is a DBA of POS-X, LLC, and this company provides POS systems equipped with payment processing software, as well as other types of hardware for its merchant customers. The company works with several ISOs for payment processing, including First Data, Worldpay and Global Payments.
Mynt is located in Bellingham, Washington and Karl Schoessler is the vice president.
This company offers services for merchants in many industries, however, the company has an enterprise payment processing solution for certain businesses, including restaurants and boutique stores.
Head Quarters
2125 Humboldt St,Bellingham, WA
Year Founded
Unknown
CEO
Unknown
Employees
Unknown
Merchant Provider Risk Tolerance
Specializes in POS systems for restaurants and retail merchants.
Offers a wide variety of payment processing hardware and software to fit merchant needs.
Sells hardware to merchants to avoid inconvenience of long-term leasing payments.
Upfront about costs and fees.
24/7 technical support.
Does not accept tap payments at this time.
Early termination fees.
Almost no reviews available to evaluate business.
No information on auto-renewal.
Works with independent resellers.
Hardware & Software
The Mynt POS system is designed to be a one-stop solution for restaurants or retail merchants. It includes:
An all-in-one terminal
Integrated MSR
A thermal receipt printer
A heavy duty cash drawer
Mynt also offers an android handheld device that allows restaurants to accept orders directly at customers’ tables.
Payment terminals, bar/kitchen printers and laser barcode scanners are also available.
Mynt has its own personalizable POS software that can be used to split payments, accept discounts, provide reporting and serve as a back office for inventory tracking and purchase orders.
Value Added Services
Mynt’s software has some value added services that many merchants will appreciate. Restaurants can utilize it to create their own seating charts, customize the items they offer for easier accessibility and handle grouped taxes.
Supported Payment Types & Services
Merchants that choose Mynt as their payment processing and POS solution will be able to accept multiple forms of payment from their customers. They include:
Payments from all four major credit cards
Checks and electronic checks
Debit cards
There is no indication that Mynt allows payments from mobile wallets such as Apple Pay and Google Pay, but this service might be available from one of the processors the company has partnered with.
Discloses All Important Terms
Yes
Public Pricing Available
No
Mynt allows its merchant customers to purchase their hardware for $995, or alternatively, they can choose to make their payments monthly until the equipment is paid off. Monthly installments are $119 and include a $69 fee for software, customer support and warranty protection.
Mynt’s swiped and keyed-in rates for transactions will vary based on the payment processor the merchant is using.
Pricing Model
Unknown
Swiped Rate
1.00% - 4.99%
Keyed-in Rate
1.00% - 4.99%
Mobile Payment Rate
Unknown
Virtual Terminal Rate
N/A
Monthly Fee
$69 for software costs
Payment Gateway Fee
N/A
Batch Fee
N/A
Early Termination Fee
50% of Remaining POS Subscription
PCI Compliance Fee
Undisclosed
Equipment Lease Terms
Unknown
Address Verification Service (AVS)
Unknown
Application Fee
N/A
Account Setup Fee
N/A
Gateway Setup Fee
N/A
Annual Fee
N/A
Monthly Minimum
variable
Statement Fee
N/A
Mynt appears to enter into one-year contracts with its merchant customers. The company’s terms and conditions indicate that contracts are not to exceed 36 months. It is not clear if there is an automatic renewal that takes place after the first year.
Merchant customers who choose to cancel their accounts before their terms are up will be charged an early termination fee of 30% - 50% of the amount that remains on their POS subscription for payment processing services.
Contract Length
1 Year
Early Termination Fee
50% of Remaining POS Subscription
Mynt’s goal is to get its merchant customers up and running as soon as possible. The company offers a detailed setup process that walks merchants through every step. The company can enter menus or products into the system for merchants, and it offers two hours of setup and training.
Standard customer support is available 24/7, and technicians are available Monday through Friday from 6:00 am to 4:00 pm (PST) to answer technical questions and offer support.
BBB Rating
Mynt is not accredited with the Better Business Bureau and the same is true for its parent company, POS-X. The company does have an A+ rating with the BBB. There have been no complaints filed in the last 36 months, and no informal reviews.
Other Online Reviews
There is only one negative review online about Mynt. The complaint mentions an issue regarding software, which appears to be an isolated problem.
BBB
A+ Rating and. (0 Reviews; 0 Complaints)
N/A
No Reviews
Yelp
N/A
Total Online Reviews
Unknown
Total Online Complaints
Less then 10
Lawsuits
No
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