Best for
Merchants that own and operate high-risk businesses, and are in need of multiple options for payment processing.
Specializes in
Painless Processing specializes in working with high-risk merchants to offer them several payment processing services, including POS systems, credit card terminals, mobile payment processing solutions, next-day funding, and more.
Pricing Summary
Setup Fee: Unknown
Monthly Fee: Unknown
Swipe Rate: Unknown
Keyed-in Rate: Unknown
Early Termination Fee : Unknown
Contract Terms:
Painless Processing was founded in 2009 as a merchant account provider that primarily focuses on offering high-risk payment processing services.
This company has operated under several additional names, including CC Rebills, Best Rate Merchant Service, Secure Painless Systems, and Risk-Free Merchant.
Painless Processing is located in Simi Valley California, and although the website is not clear about its leadership team, it is probable that Eli Rubin, the CEO of Best Rate Merchant Service, is also in a leadership position at Painless Processing.
Painless Processing is a merchant account provider and payment processor that is located in Simi Valley, California. Eli Rubin may hold a position of leadership at the company due to his affiliation with Best Rate Merchant Service, as this company has operated under several other business names, as noted above.
Painless Processing has been in business since 2009. The company primarily specializes in working with high-risk businesses, such as merchants in the cigars and tobacco space, those selling memberships and subscriptions, and hemp and CBD merchants.
This company is a reseller for EVO Payments International. It is likely partnered with several acquiring banks and offshore banks in order to work with so many high-risk merchants. The Painless Processing website states that the company is a subsidiary of BR Merchant Service LLC, a registered ISO/MSP of BMO Harris Bank, N.A., Chicago, IL.
Head Quarters
4680 E Los Angeles Ave, Simi Valley, CA 93063, USA
Year Founded
2009
CEO
Unknown
Employees
11-50
Merchant Provider Risk Tolerance
Best for merchants who need multiple payment processing options.
Supports high risk businesses.
A variety of hardware and software is available based on customer needs.
Offers ecommerce payment gateways.
Has value added services.
Employs independent sales agents.
Application approval for a high risk business may take three to five business days.
No information is available on pricing or fees.
No information is available regarding contracts or terms.
Point of sale equipment may take up to fourteen days to arrive.
Hardware & Software
Painless Processing offers a variety of hardware and software to their merchant customers, and they can pick and choose, based on their needs.
The company does not specify brand names or mention any POS system providers it works with. But the following options are available for merchants who need hardware:
Conventional desktop POS systems
Tablet display systems
Card readers and terminals
Cash registers
Checkout scanners
PIN pads
Printers
Painless Processing also offers ecommerce payment gateways for merchants who want to process payments strictly online, or through a payment gateway.
Value-Added Services
Painless Processing offers several value-added services for its merchant customers, including:
PCI and DSS Compliance services
Next-day funding
Chargeback prevention
Fraud protection
Business funding services
Cashless ATM systems (Point of Banking)
Supported Payment Types & Services
Merchants that choose Painless Processing for their payment processing company and merchant accounts will be able to accept several forms of payment, including:
Payments made with Visa, Mastercard, American Express, and Discover
Debit card payments
Both PIN-entered and EMV card transactions
ACH payments
Check and electronic check payments
MOTO payments
Depending on the type of equipment the merchant chooses, other forms of payment may be acceptable as well, such as Diners Club International, JCB, and payments made with mobile wallets.
Discloses All Important Terms
Unknown
Public Pricing Available
Unknown
There is no information on the Painless Processing website that discusses pricing and fees. This is most likely because this company focuses on high-risk merchants, although it also offers services to standard-risk merchants as well.
High-risk merchants require individualized pricing, so transaction fees and other fees can vary, based on a merchant’s risk level, time in business, payment processing history, and other factors.
Pricing Model
Unknown
Swiped Rate
Unknown
Keyed-in Rate
Unknown
Mobile Payment Rate
Unknown
Virtual Terminal Rate
Monthly Fee
Unknown
Payment Gateway Fee
Batch Fee
Early Termination Fee
Unknown
PCI Compliance Fee
Equipment Lease Terms
Address Verification Service (AVS)
Application Fee
Account Setup Fee
Unknown
Gateway Setup Fee
Annual Fee
Monthly Minimum
Statement Fee
There is no information on the Painless Processing website regarding contracts or terms. It is possible that terms will vary for each merchant.
Contract Length
Unknown
Early Termination Fee
Unknown
Painless Processing can approve applications for low-risk merchants in one to two business days. High-risk merchants can take up to three to five business days to get approved. But once an application is approved, the company’s in-house tech support team will install and integrate each merchant’s account to allow them to start processing payments very quickly.
Those that are processing online through a payment gateway or virtual terminal may be able to get started with accepting payments the same day, in some cases. Others may only need to wait until their POS systems have arrived, which can take up to 14 days.
Painless Processing offers customer service from all departments during their regular business hours, Monday through Friday from 9 am to 5 pm (PST). Their website has a phone number and a contact form.
BBB Rating
This company does not have a profile with the Better Business Bureau. However, Best Rate Merchant Service does, and it has an A+ rating.
Other Online Reviews
There is one negative complaint about Painless Processing online, and it accuses the company of withholding important information during the sales process.
Best Rate Merchant Service also has one online complaint, which accuses the company of withholding funds and terminating the customer’s merchant account without cause.
Both of these reviews appear to be isolated incidents.
BBB
N/A
N/A
N/A
Yelp
N/A
Total Online Reviews
Unknown
Total Online Complaints
Unknown
Lawsuits
Unknown
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