Paymetric Review

Rates and Fees
70/100
Truth in Advertising
75/100
Consumer Reviews
85/100
Customer Support
80/100
4

Best for

Large scale enterprises, global brands. 

Specializes in

Integrated payment solutions, cloud-hosted platforms.

Pricing Summary

Setup Fee: $0

Monthly Fee: Undisclosed

Swipe Rate: 2.90% + $0.30

Keyed-in Rate: 3.30% + $0.30

Early Termination Fee : $295

Contract Terms:

Unknown 3 Years
Visit Paymetric

Paymetric is a division of WorldPay, which is owned by Fidelity National Information Services. Its headquarters is located in Roswell, GA, and was founded in the year 2000. Paymetric has 125 employees and specializes in integrated payment solutions for large scale enterprises.

Paymetric Overview

 

Paymetric was created to make more comfortable, streamlined, integrated payments for large enterprises worldwide. Their parent company, WorldPay, provides the network with payment processing. Using cloud-hosted platforms allows them to lower operational expenses, streamline payment processing, and reduce interchange costs.

The company doesn’t disclose its contract policies online. However, its parent company, WorldPay, states on its website that its rates are 2.90% plus $0.30 for swiped transactions and 3.30% plus $0.30 for keyed-in transactions. According to reports on other websites, merchants are charged more when they directly work with WorldPay than signing up with a reseller like Paymetric. This means Paymetric’s customers likely received a better rate than the one stated above.

Large enterprises and global brands are most likely to benefit from working with Paymetric. However, they do also work with small and medium businesses.

Quick Facts

Head Quarters

Atlanta, GA

Year Founded

1998

CEO

Gary Norcross

Employees

103

Merchant Provider Risk Tolerance

What We Like

What We Don't Like

Industries Served

  • Accounting & Tax Prep
  • Clothing & Apparel
  • Convenience Store
  • Electronics
  • Gas Station
  • Legal
  • Moving Companies
  • Personal Service
  • Property Management
  • Restaurant / Bar
  • SAAS
  • SEO & SEM Services
  • Thrift Store
  • Web Design Services

Business Types Served

  • B2B
  • Ecommerce
  • Enterprise Merchant Accounts
  • High Volume
  • Information
  • Low Risk
  • MLM
  • Online
  • Retail / Card Present
  • Small Business
  • Wholesale

Paymetric Products & Services

 

ISO

Paymetric’s ISO is one of their advertised features. They offer a full range of payment processing solutions, sponsorship into all payment networks, and have an almost perfect 100% new account approval rate for low-risk businesses. Paymetric’s ISO also offers compliance support and merchant portfolio management.

eCommerce

Paymetric’s eCommerce solutions focus on four main areas: economics, sales enablement, product enablement, and business support. Having eCommerce capabilities means that merchants can reach 99% of the global GDP footprint, and Paymetric has the experience and licenses to help merchants get access to worldwide markets. Being able to reach more customers means an increase in sales and revenue. 

Payment Facilitator

With more than four decades of payments leadershi[ and experience, Paymetric has all the tools and services that allow merchants to choose funding options, settlement, revenue generation, and risk management capabilities for payment facilitators. 

Paymetric Payment Processing

  • Credit Card Processing
  • Debit Card Processing
  • Mobile Payments App
  • Online Payments
  • Payment Gateway
  • Payment Processing Services Integration
  • Virtual Terminal

Paymetric Billing & Invoicing

  • Multi-Currency
  • Online Payments
  • Payment Processing

Paymetric Advertising & Sales

 
Paymetric appears to hire independent contracted sales agents to advertise their services. Their website also states that they have a partnership program by which other businesses can sign up for their services. It is a standard hiring practice within the credit card processing industry that can result in a sales team made up of poorly trained and unregulated agents.

Paymetric does not appear to be deceptive in terms of its rate quotes, but they also don’t have them transparently on their website. One would likely have to speak to a sales agent to figure out those quotes.

Truth in Marketing

Discloses All Important Terms

No

Public Pricing Available

No

Paymetric Pricing, Rates & Fees

 

The pricing system for Paymetric is unclear and not readily available online. As stated previously, the most relevant information regarding their pricing structure can be found on WorldPay’s website, but it’s thought that those rates are higher than what Paymetric would offer. WorldPay advertises rates of 2.90% plus $0.30 for swiped transactions and 3.30% plus $0.30 for those that are keyed-in. 

Pricing at a Glance

Pricing Model

Interchange Plus

Swiped Rate

2.90% + $0.30

Keyed-in Rate

3.30% + $0.30

Mobile Payment Rate

Virtual Terminal Rate

1.00% - 4.99%

Monthly Fee

Undisclosed

Payment Gateway Fee

Undisclosed

Batch Fee

Undisclosed

Early Termination Fee

$295

PCI Compliance Fee

$15 - $25 Per Month

Equipment Lease Terms

N/A

Address Verification Service (AVS)

Application Fee

Account Setup Fee

$0

Gateway Setup Fee

Undisclosed

Annual Fee

$69

Monthly Minimum

Undisclosed

Statement Fee

Paymetric Contract & Terms

Merchants thinking about getting into business with Paymetrick ought to read through the company’s contract carefully. It appears that the standard service agreement is for three years with automatic one-year renewals. To discontinue service, merchants need to give written notice within 90 days of the new billing cycle. The contract has an early termination fee of up to $295, and they appear to charge a PCI compliance fee of between $15-25 each month, which is considered high for services in this industry. Merchants may also be charged an annual fee of $69.

Due to Paymetric operating their services through cloud-based platforms, merchants likely don’t need to pay for long-term equipment leases. Instead, they might be charged for the cost of the cloud-based platform.

Contract Length

Unknown3 Years

Early Termination Fee

$295

Paymetric Setup & Support

 

Setup Highlights

  • Documentation / Knowledge Base

Support Highlights

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

Paymetric Complaints, Ratings & Reviews

Paymetric is not currently registered with the BBB, and it has one recorded complaint in the last year and a half. The BBB has still provided it with a rating of “A-,” which other review sites tend to agree with. However, just because that is the BBB review, merchants should still be skeptical and contact the company with a series of questions before proceeding to do business with them. 

Ratings

BBB

A-(1 complaint)

Google

5 Stars / 2 Reviews

Facebook

N/A

Yelp

N/A

Reviews

Total Online Reviews

40+

Total Online Complaints

<10

Lawsuits

None

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