Best for
Merchants searching for a payment processing service that offers processing for subscription services as well as low fees.
Specializes in
Onesto Payments specializes in providing payment processing for merchant customers who want to be able to offer subscription services to their customers or clients. They also provide equipment and services to retail, restaurant and online merchants.
Pricing Summary
Setup Fee: N/A
Monthly Fee: Variable
Swipe Rate: Unknown
Keyed-in Rate: Unknown
Early Termination Fee : Unknown
Contract Terms:
Onesto Payments is a “wholesale” credit card processing company that offers payment processing services for many different types of merchants, including those that want to offer subscription services.
The company named itself “Onesto” because it is a word that means “honest” in Italian.
Onesto Payments About Us page discusses how the company spent time researching other payment processors to determine how they should set their rates and fees and what services they should offer their merchant customers.
Onesto Payments is a registered ISO of Wells Fargo Bank. The company is located in Jamesburg, New Jersey and lists several prominent clients on its website, including Verizon, AT&T and Virani Jewellers.
Onesto Payments offers “wholesale” credit card processing for subscription services, but they also provide payment processing for retail stores, restaurants and bars and online businesses and apps.
The company spent time doing research before providing their services to merchants to determine the type of pricing model that would best suit their merchant customers’ needs. They decided on flat rate pricing, which is a model that can set them apart from their competition.
Head Quarters
9 Davison Ave, Jamesburg, NJ 08831
Year Founded
Unknown
CEO
Kalpesh Shethia
Employees
Unknown
Merchant Provider Risk Tolerance
Targets the subscription retail market.
Flat rate pricing.
Variety in hardware and software that stays with customers despite processor changes.
Actively try to keep their pricing low and competitive.
All sales and marketing are kept in-house.
Accounts take a few days to a week to get up and running.
In-person visits are very limited.
Almost no reviews, good or bad.
Unclear on all the payment types they accept.
Website not functioning.
Hardware & Software
Onesto Payments offers a wide variety of hardware and software programs to assist their merchants in accepting many different types of payments. Merchants can opt for:
Standalone payment terminals
POS systems through Clover and Shopkeep
Systems that accept MOTO payments
Virtual gateways for online payments
Software for mobile payments
Some of Onesto Payments’ merchant customers may want to switch payment processing companies, but use the POS systems that they already own. This can be arranged and the company may be able to program the equipment with their own code so they can start providing services.
Value Added Services
Onesto Payments’ website does not mention any value added services for merchant customers other than their free merchant fee savings course. However, it appears that the company has put a lot of thought into how to keep the cost of payment processing as low as possible for merchants.
Supported Payment Types & Services
The Onesto Payments website is not completely clear about what types of payments they process. However, they do process the following:
Payments from all four major credit card companies.
Debit card payments.
Payments through Apple Pay and Android Pay.
Onesto Payments may also process electronic checks and ACH payments, however, that information is not clearly displayed on the company website.
Discloses All Important Terms
No
Public Pricing Available
Yes
Onesto Payments is very clear about its pricing structure and it publicly posts its fees and prices on its website.
There are four main plans and all of them come with a 120-day satisfaction guarantee.
Basic Plan - $29 a month
12 cents per transaction plus interchange
$6 PCI compliance fee
This plan can work well for new businesses.
Popular Plan - $49 a month
10 cents per transaction plus interchange.
Merchants may process up to $50,000 a month in sales.
This plan can work well for established businesses.
Best Value Plan - $69 a month
8 cents per transaction plus interchange.
Merchants may process up to $75,000 a month in sales.
This plan can work well for bar and restaurant businesses.
Unlimited Plan - $99 a month
5 cents per transaction plus interchange.
Merchants may process an unlimited number of transactions.
This plan can work well for high-volume businesses.
Pricing Model
Flat Rate
Swiped Rate
Unknown
Keyed-in Rate
Unknown
Mobile Payment Rate
Unknown
Virtual Terminal Rate
Unknown
Monthly Fee
Variable
Payment Gateway Fee
Unknown
Batch Fee
Unknown
Early Termination Fee
Unknown
PCI Compliance Fee
Unknown
Equipment Lease Terms
Unknown
Address Verification Service (AVS)
Unknown
Application Fee
Unknown
Account Setup Fee
N/A
Gateway Setup Fee
Unknown
Annual Fee
Unknown
Monthly Minimum
Unknown
Statement Fee
Unknown
Onesto Payments is different from many of its competitors in that it does not lock its merchant customers into a contract. The company states that it believes that customers will stay customers when they get great pricing and customer service.
Contract Length
Unknown
Early Termination Fee
Unknown
Onesto Payments mentions being able to set merchants up with their accounts very quickly; in as little as a few days in some cases. Most merchants should be able to begin accepting payments within a week.
Their website has a dedicated phone number for customer support as well as a live chat option for merchants who need assistance.
BBB Rating
Onesto Payments does not have a profile on the Better Business Bureau website, and there are also no reviews for them with the BBB.
Other Online Reviews
There is only one review online for Onesto Payments and it is on the Yelp website. It is a 5-star review that mentions excellent pricing and customer service. This reviewer needed a customized system, which Onesto Payments delivered.
BBB
N/A
N/A
0 out of 5 (Based on the opinion of 0 people)
Yelp
N/A
Total Online Reviews
Unknown
Total Online Complaints
Unknown
Lawsuits
Unknown
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