Large scale enterprises, global brands.
Integrated payment solutions, cloud-hosted platforms.
Setup Fee: $0
Monthly Fee: Undisclosed
Swipe Rate: 2.90% + $0.30
Keyed-in Rate: 3.30% + $0.30
Early Termination Fee : $295
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 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.
Merchant Provider Risk Tolerance
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.
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.
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.
Discloses All Important Terms
Public Pricing Available
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.
2.90% + $0.30
3.30% + $0.30
Mobile Payment Rate
Virtual Terminal Rate
1.00% - 4.99%
Payment Gateway Fee
Early Termination Fee
PCI Compliance Fee
$15 - $25 Per Month
Equipment Lease Terms
Address Verification Service (AVS)
Account Setup Fee
Gateway Setup Fee
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.
Early Termination Fee
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.
5 Stars / 2 Reviews
Total Online Reviews
Total Online Complaints
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