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:
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.
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.
Head Quarters
2140 W. Fulton St. Chicago, IL 60612-2337
Year Founded
2008
CEO
Unknown
Employees
Merchant Provider Risk Tolerance
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.
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.
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.
Discloses All Important Terms
Unknown
Public Pricing Available
Unknown
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 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
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
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.
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.
BBB
A+ and This Business is not BBB Accredited. (0 Reviews; 0 Complaints)
N/A
N/A
Yelp
N/A
Total Online Reviews
Unknown
Total Online Complaints
Unknown
Lawsuits
Unknown
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