Best for
Talus caters its services to small companies of around 20 employees, such as auto repair shops, bars, salons, and home service repairs.
Specializes in
Talus Payments' products and services include providing terminals and POS, custom gift cards, and merchant cash advances. It primarily seeks to offer payment solutions to smaller brick-and-mortar businesses such as retail shops and bars.
Pricing Summary
Setup Fee: $0
Monthly Fee: $25+ Per Month
Swipe Rate: 1.00% - 4.99%
Keyed-in Rate: 1.00% - 4.99%
Early Termination Fee : $295 - $1,000+
Contract Terms:
Talus Payments, also known as Talus Pay, is an ISO of Synovus Bank, Columbus, GA, and a reseller of TSYS since 2016. Scott Cruickshank is the CEO, and the company is headquartered in Dallas, Texas. The company's core competencies include providing merchant loans and POS solutions.
Talus is a technology-first company that, according to its website, prioritizes client support for its network of small businesses. It seems to specialize in businesses like auto repair shops, bars, salons, and home service repairs, and in-person stores that can utilize its POS solutions.
Head Quarters
Dallas, TX
Year Founded
2006
CEO
Scott Cruickshank
Employees
200
Merchant Provider Risk Tolerance
Gift card processing
Merchant cash advances
No cost to set up
Cash advances and merchant funding available
Has some excellent customer reviews
Extensive use of telemarketers and independent sales agents
Expensive tiered pricing rates
Three-year contracts with automatic renewal clauses and early termination fees
Has excessive complaints on the BBB website
Uses aggressive sales strategies
Talus Payments promotes the following products and services on its website:
POS Terminal: The PAX A920 terminal includes all the standard functionality of a traditional terminal combined with the convenience of SwipeSimple. It is a cloud-based payment processing solution that's perfect for a growing small business. The vital feature is accepting payments via EMV chip, magnetic strips, and even contactless apps like Apple Pay.
Cash Advance: The affiliate of Talus Payments, Advance America Capital Corp., provides merchants with the cash necessary to finance business operations. AAC is not a bank, and the funding is not a merchant loan. The firm deducts a small percentage of credit card receivables until the merchant repays the approved amount.
Gift Cards: It offers a risk-free way for new customers to try out merchant services and give loyal customers plenty of incentive to keep coming back. Integrate gift card transactions with your POS system to keep data secured in one place. Plus, advanced analytics and reporting ensure a boost in sales.
Discloses All Important Terms
No
Public Pricing Available
No
Online reviews indicate that Talus Payments charges:
Pricing Model
Interchange PlusTiered Pricing
Swiped Rate
1.00% - 4.99%
Keyed-in Rate
1.00% - 4.99%
Mobile Payment Rate
1.00% - 4.99%
Virtual Terminal Rate
1.00% - 4.99%
Monthly Fee
$25+ Per Month
Payment Gateway Fee
Undisclosed
Batch Fee
N/A
Early Termination Fee
$295 - $1,000+
PCI Compliance Fee
$9.95 Per Month
Equipment Lease Terms
$39 - $150+ Per Month / 48 Month (Locked)
Address Verification Service (AVS)
Application Fee
$99
Account Setup Fee
$0
Gateway Setup Fee
Undisclosed
Annual Fee
"Corporate Fee” of $98 per location
Monthly Minimum
$25
Statement Fee
N/A
Talus Payments offers a 3-year contract with automatic 2-year renewals and charges an early termination fee (ETF) of $295 according to online reviews.
Contract Length
3 Years
Early Termination Fee
$295 - $1,000+
Since 2017, Talus Payments has a profile with Better Business Bureau, and it currently boasts an A+ rating. It is BBB-accredited, and it has a customer rating of 4.77 out of 5 (366 reviews).
Moreover, said profile has 46 complaints to report: 18 product problems, 15 advertising/sales issues, and 13 billing complaints.
BBB
A+ (45 Customer Complaints)
4.4 Stars / 433 Reviews
1 Star / Based on the opinion of 3 people
Yelp
N/A
Total Online Reviews
430+
Total Online Complaints
50+
Lawsuits
None
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