Best for
Merchants in virtually any industry, or at any risk level that are in need of payment processing services and eCheck services.
Specializes in
Paycron specializes in providing merchants with lower-cost eCheck processing services than some other payment processors. This company offers its services to low, medium, and high-risk businesses.
Pricing Summary
Setup Fee: Unknown
Monthly Fee: Unknown
Swipe Rate: Unknown
Keyed-in Rate: Unknown
Early Termination Fee : Unknown
Contract Terms:
Paycron is headquartered in Clearwater, Florida.
This company calls itself a leader in the payment processing industry, but it appears that it acts more like an agent, and connects merchants to other payment processors.
Paycron is not a registered ISO, but assists in the underwriting process as the company places merchants with processors.
Paycron’s About Us page states that this company was founded in order to deliver flexible, secure, and innovative solutions for all businesses, regardless of their size or risk level. This company provides integrated payment solutions and POS processing services, including hardware, payment gateways, and more.
Paycron is located in Clearwater, Florida, and according to the Better Business Bureau, it has been in business since 2018. Louis Alessi is listed as the company’s president and director.
This company offers referrals for payment processing services to merchants all over the world. Its website mentions customized solutions for each merchant, based on their unique needs.
Head Quarters
1329 Lotus Path, Clearwater, FL 33756, USA
Year Founded
2013
CEO
Unknown
Employees
11-50
Merchant Provider Risk Tolerance
Works with low, medium and high risk businesses.
Provides lower cost echeck processing than others.
Multiple payment processing options are available.
Has a terminal replacement program.
A value added program is available that includes a chargeback prevention program and other benefits.
Only serves online sellers.
The company is not a payment processor.
No inside sales team is used.
Customers can be charged with fees when they pay with credit cards.
Separate contacts for payment processing and hardware.
Hardware & Software
The Paycron website mentions that it can provide merchants with any type of payment processing equipment they need, including POS systems, tablets, EMV credit card terminals, and mobile card readers. This company also has a terminal replacement program.
The payment processing equipment Paycron features on its website include:
VX wired and wireless credit card terminals
Ingenico credit card terminals
The Phone Swipe app and card reader
Additionally, merchants doing business with Paycron will have access to:
Onshore and offshore merchant account services
Online credit card processing through an online payment gateway
Shopping cart integration services
ECheck payment processing
Virtual terminals
Value-Added Services
Additional services that are available through Paycron include:
Business incorporation services
A chargeback prevention program
Business consulting services
Supported Payment Types & Services
Merchants that choose to work with Paycron will be able to accept multiple forms of payment, including payments made with any of the four major credit cards. Debit cards are also accepted.
Paycron offers an eCheck Payment solution that allows merchants to accept electronic checks at a lower rate than other processors offer.
Other payment methods may also be available, but this might depend on the type of payment processing equipment the merchant chooses. This company is not a payment processor, so its partners will work with merchants to help them understand what types of payments they can accept.
Discloses All Important Terms
Unknown
Public Pricing Available
Unknown
Paycron offers several pricing models for merchants to choose from. The company prefers interchange-plus pricing because it is transparent. But tiered and flat-rate pricing are also available.
Tiered pricing is available for as low as 1.29% + $0.10 per transaction for well-established, risk-free businesses. Others may be charged between 1.69%-1.99% + $0.10 per transaction.
Paycron also has a zero-fee program, which allows merchants’ customers to be charged for processing fees when they pay with credit cards. This option is becoming more popular, and it can completely offset the cost of payment processing.
Paycron offers merchants their first payment processing machine (POS system or terminal) for free, and there is a cost for additional hardware.
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
Paycron has three-year contracts with many of its merchant customers. Although the company’s website does state that month-to-month services are also available. Elsewhere on the site, it mentions no long-term contracts.
Merchants should be aware that they may receive separate contracts for payment processing services and hardware, if they choose to use equipment instead of an online payment gateway or virtual terminal.
Contract Length
Unknown
Early Termination Fee
Unknown
Even though Paycron does not specifically state how long it might take for merchants to be ready to accept payments, this is most likely because the company works with businesses of all risk levels. The website does state that this company has a simplified application process, and that it may only take a few days to go live once a business is approved for a merchant account. Most merchants doing business with this company may be able to accept payments in just a few days.
Paycron has a Contact Us page on its website that lists an 800 number and email address for customer support. Reviews indicate that customer service is provided in-house and is available 24/7.
BBB Rating
Paycron is not an accredited business with the Better Business Bureau, but this company does have a rating of A+ on the BBB website. There is one customer complaint that was answered satisfactorily by the company.
Other Online Reviews
There are several positive reviews online for Paycron, indicating that this company is not a scam.
BBB
N/A
N/A
3.9 out of 5 Based on the opinion of 7 people
Yelp
N/A
Total Online Reviews
10+
Total Online Complaints
Unknown
Lawsuits
Unknown
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