Swift Pay Systems Review

Rates and Fees
70/100
Truth in Advertising
80/100
Consumer Reviews
75/100
Customer Support
80/100
3

Best for

Merchants with businesses of any risk level that are looking for a quick approval process and next-day funding.

Specializes in

SwiftPay Systems specializes in payment processing for both traditional retailers to high-risk merchants. This company promises quick funding for almost immediate access to merchants’ funds.

Pricing Summary

Setup Fee: Unknown

Monthly Fee: Unknown

Swipe Rate: Unknown

Keyed-in Rate: Unknown

Early Termination Fee : Unknown

Contract Terms:

Unknown
Visit Swift Pay Systems

SwiftPay Systems is headquartered in Chicago, Illinois.

Michael Kehoe is the company’s co-owner and managing partner.

SwiftPay Systems got its start in 2008, and according to reviews, the company uses a membership pricing model.

Swift Pay Systems Overview

 

SwiftPay Systems is a company that has been around since 2008. This company’s co-owner and managing partner is Michael Kehoe and the company is headquartered in Chicago, Illinois.

At the time of this writing, the SwiftPay Systems website was not accessible, so there is very little information available online about this company.

According to reviews, SwiftPay Systems offers a membership pricing model and works with merchants of all risk levels, including those that are considered high-risk that might not get merchant accounts elsewhere.

SwiftPay Systems boasts a 24-hour approval process for new merchant customers and merchants may be able to access their funds the next day with the company’s next-day funding policy.

Quick Facts

Head Quarters

2140 W. Fulton St. Chicago, IL 60612-2337

Year Founded

2008

CEO

Unknown

Employees

Merchant Provider Risk Tolerance

High Risk Businesses

What We Like

Works with merchants of all risk levels.

24-hour approval time for new merchants.

Offers gift card program to boost merchant brand.

Accepts all major forms of payment.

No cancellation fees.

What We Don't Like

Small company, may struggle to handle large merchants.

Uses outside companies for marketing.

No available information on contract and terms.

Contact link does not offer any information for customer support.

Only one company review available online.

Industries Served

  • Online Sellers

Business Types Served

  • Ecommerce
  • High Risk
  • Mobile
  • Online

Swift Pay Systems Products & Services

 

Hardware & Software

SwiftPay Systems can provide both hardware and software for merchants in need of payment processing services. The company works with several POS system and terminal providers, including:

Verifone
First Data
Ingenico
NCR Silver
Talech

SwiftPay Systems offers the NMI gateway for ecommerce payment processing solutions, which can be used for Level III billing for government and corporate credit cards, recurring billing, and more.

SwiftPay Systems also offers EMV-capable options to allow merchants to accept chip cards.

Value Added Services

ChargeSavvy is a solution that is offered by SwiftPay Systems for the purpose of reducing the number of chargebacks a merchant customer receives. This option provides additional security by requiring customers to provide driver’s license data at the time of sale and taking other important measures to prevent fraud.

SwiftPay Systems also works closely with its merchant customers to ensure they remain PCI compliant.

SwiftPay Systems has a gift card program for merchants who desire it as well.

Supported Payment Types & Services

Merchants who do business with SwiftPay Systems will be able to accept the following types of payments:

Payments from all four major credit card companies
Debit card payments
Pre-paid cards
Gift cards

Payments from a mobile wallet such as Google Pay and Apple Pay may also be available for merchants as long as they have the proper equipment. Merchants may also be able to accept ACH and electronic check payments.

Swift Pay Systems Payment Processing

  • Credit Card Processing
  • Debit Card Processing
  • Mobile Commerce
  • Payment Gateway

Swift Pay Systems Billing & Invoicing

  • Mobile Payments
  • Online Payments

Swift Pay Systems Advertising & Sales

 
SwiftPay Systems is a very small company from the looks of its LinkedIn page. It is unclear if this company works with outside sales agents, or if it has its own inside sales team. There is a website, but it is not accessible to gather more information about sales and advertising.

It does not appear that SwiftPay Systems uses any manipulative marketing tactics by the lack of negative reviews online.

Truth in Marketing

Discloses All Important Terms

Unknown

Public Pricing Available

Unknown

Swift Pay Systems Pricing, Rates & Fees

 

SwiftPay Systems uses a membership pricing system, which is often referred to as subscription pricing. A merchant customer’s price is based on the size of their business and how much volume they process in a month.

The monthly plans are:

Small ($10,000 per month) - $39 membership fee with a $0.19 fee per transaction.
Medium ($50,000 per month) - $99 membership fee with a $0.09 fee per transaction.
Large (unlimited) - $199 membership fee with a $0.06 fee per transaction.

According to SwiftPay Systems, there are no hidden fees and the company does not charge cancelation fees.

Pricing at a Glance

Pricing Model

Unknown

Swiped Rate

Unknown

Keyed-in Rate

Unknown

Mobile Payment Rate

Unknown

Virtual Terminal Rate

Unknown

Monthly Fee

Unknown

Payment Gateway Fee

Unknown

Batch Fee

Unknown

Early Termination Fee

Unknown

PCI Compliance Fee

Unknown

Equipment Lease Terms

Unknown

Address Verification Service (AVS)

Unknown

Application Fee

Unknown

Account Setup Fee

Unknown

Gateway Setup Fee

Unknown

Annual Fee

Unknown

Monthly Minimum

Unknown

Statement Fee

Unknown

Swift Pay Systems Contract & Terms

There is no information available about contracts and terms with SwiftPay Processing. However, one review states that the company does not charge fees for early termination. This suggests that it may operate based on month-to-month contracts with its merchant customers.

Contract Length

Unknown

Early Termination Fee

Unknown

Swift Pay Systems Setup & Support

 

One review states that SwiftPay Systems has a 24-hour approval process for new merchants, which can get them ready to process payments very quickly. For merchants in need of payment processing equipment, it may take 10-14 days for them to get their equipment. However, for those who want to utilize a virtual gateway for online sales, they may be able to begin accepting payments almost immediately.

Because the SwiftPay Systems website is down, information about the company’s customer service is not available. The site appears to have a Contact Us page, but clicking it does not produce a phone number or email address for merchants to contact.

Setup Highlights

  • Documentation / Knowledge Base

Support Highlights

  • Domestic Phone Support (After Hours)
  • Email Support

Swift Pay Systems Complaints, Ratings & Reviews

BBB Rating

SwiftPay Systems has a profile on the Better Business Bureau website, but this company is not accredited with the BBB. It does have an A+ rating, and there have been no complaints filed or customer reviews.

Other Online Reviews

There is only one review available online about SwiftPay Systems. This review gives the company 3/5 stars in the categories of Satisfaction, Rates & Fees, and Customer Service. It is unclear if this company is still active because of the website being down.



Ratings

BBB

A+ and This Business is not BBB Accredited. (0 Reviews; 0 Complaints)

Google

N/A

Facebook

N/A

Yelp

N/A

Reviews

Total Online Reviews

Unknown

Total Online Complaints

Unknown

Lawsuits

Unknown

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