Best for
"High risk" businesses and online credit card processing for both domestic and offshore companies.
Specializes in
Adult entertainment merchants, CBD merchants, foreign exchange companies, the weight-loss industry, Bitcoin merchants, and other "high-risk" businesses.
Pricing Summary
Setup Fee: $0
Monthly Fee: $10 - $20
Swipe Rate: 2.45% - 4.5% + $0.25 - $0.30
Keyed-in Rate: 2.45% - 4.5% + $0.25 - $0.30
Early Termination Fee : Undisclosed
Contract Terms:
PayNetSecure has been in business for over 15 years and is headquartered in Las Vegas, NV. They boast specializing in high-risk merchant accounts and exclusive access to banks that are not available through other merchant processors. PayNetSecure has competitive rates and groups international and domestic merchant accounts under one system.
PayNetSecure has been servicing companies all over the world for over a decade and a half. The company has expertise working with high-risk and high-volume merchants and so it's speculated that PayNetSecure is partnered with several different banks given the nature of their niche.
PayNetSecure provides some general pricing guidelines for merchants but the exact pricing depends on the merchant's unique business model. For many high-risk businesses based in the United States, the company quotes a per-transaction fee between 2.45% plus $0.25 and 4.5% plus $0.30.
High-risk domestic merchants have a lower monthly fee of $10-20 compared to offshore merchants, who pay $50-150 per month. To apply for service with PayNetSecure, US-based companies are required to process at least $50,000 per month, and international companies need to process $100,000 per month to qualify.
Head Quarters
Las Vegas, NV
Year Founded
2007
CEO
Konrad Toch
Employees
60
Merchant Provider Risk Tolerance
Zero setup fee.
Public pricing is available.
Domestic telephone support is available during normal business hours.
Has a documentation and knowledge base of information.
Specializes in high risk merchants.
Monthly fee.
Not all important terms are disclosed.
Employs independent sales agents.
Exact pricing for the merchant depends on their business model.
Offshore merchants pay a higher monthly fee.
Offshore Credit Card Processing
PayNetSecure's Offshore payment processing comes with features like multichannel processing, an extensive banking network, top of the line fraud-fighting tools, recurring bill plans, and high-risk processing specialists. Their military-grade encryption works to help further protect businesses and customers.
High-Risk Merchant Accounts
PayNetSecure specializes in high-volume payment processing accounts for high-risk merchants. They offer competitive rates, quick approvals, and work with several different member banks. PayNetSecure is known to have great fraud-fighting tools that help customers accept legitimate orders quickly, decline fraudulent ones, and set aside questionable transactions for further review.
Echeck and ACH Processing
ACH processing and Echeck merchant accounts give customers an easy way to pay merchants through a bank account rather than using a card. Electronic checks are one of the most popular payment methods in the USA and ACH echecks are also a familiar and trusted form of payment for many Americans.
Discloses All Important Terms
No
Public Pricing Available
Yes
According to PayNetSecure’s website, they have different pricing guidelines for the different types of merchants. For high-risk businesses in the United States, PayNetSecure has a per-transaction fee between 2.45% plus $0.25 and 4.5% plus $0.30, a monthly fee that falls between $10-20, and a rolling reserve up to 10%.
For offshore high-risk merchants, there is a per-transaction fee between 3.5% and 6.95% plus $0.65, a monthly fee between $50-150, and a rolling reserve between 5% and 10%. For e-commerce merchants overseas, there is a per-transaction fee between 2.95% and 4.95%, a monthly fee of up to $50, and a rolling reserve of up to 5%.
Pricing Model
Swiped Rate
2.45% - 4.5% + $0.25 - $0.30
Keyed-in Rate
2.45% - 4.5% + $0.25 - $0.30
Mobile Payment Rate
Virtual Terminal Rate
2.45% - 4.5% + $0.25 - $0.30
Monthly Fee
$10 - $20
Payment Gateway Fee
Undisclosed
Batch Fee
Undisclosed
Early Termination Fee
Undisclosed
PCI Compliance Fee
Undisclosed
Equipment Lease Terms
Undisclosed
Address Verification Service (AVS)
Undisclosed
Application Fee
$0
Account Setup Fee
$0
Gateway Setup Fee
Undisclosed
Annual Fee
Monthly Minimum
$10
Statement Fee
PayNetSecure does not have many publically available, concrete details about their contracts at this time. Since the company specializes in high-risk merchant accounts, each merchant's pricing is customized according to the merchant client's business type, processing history, and amount of time in business.
PayNetSecure also does not clearly state its early termination fees, so it's likely that the penalty for early termination varies from business to business as well.
Contract Length
Unknown
Early Termination Fee
Undisclosed
PayNetSecure currently does not have a profile set up with the BBB, but there are no known negative reviews or scam-related accusations against the company. There are also no outstanding class-action lawsuits or FTC complaints involving PayNetSecure.
BBB
None
None
No Rating yet
Yelp
None
Total Online Reviews
20
Total Online Complaints
Lawsuits
none
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