Best for
B2B, eCommerce, and POS-based businesses
Specializes in
POS, online, ACH, and credit card transaction processing and a Cash Advance Program for merchants
Pricing Summary
Setup Fee: $0
Monthly Fee: Variable
Swipe Rate: 1.00% - 4.99%
Keyed-in Rate: 1.00% - 4.99%
Early Termination Fee : Up to $495
Contract Terms:
TransGlobal Payment Systems is a merchant account provider and reseller of First Data’s merchant contracts.
The firm administers its POS services through Clover POS and its own proprietary POS model named Trans POS. POS equipment leases are typically offered as a locked, 48-month agreement.
In terms of reputation, TransGlobal has received little to no complaints to date regarding its contract terms or sales practices.
TransGlobal Payment Systems, formerly known as Five Star Merchant Services, is a merchant account provider that resells the merchant contracts of First Data. The firm is also partnered with other payment processing firms including TSYS, Global Payments, and Chase Merchant Services, however its contract terms are based on those of First Data.
For its POS payment processing, TransGlobal Payment Systems employs both the Clover POS and its own proprietary POS model by the name of Trans POS.
The firm was founded in 2002 and is headquartered in Houston, Texas with Shuaib Bombaywala as its current CEO. TransGlobal Payment Systems currently has an estimated 50 employees and is a registered ISO of Wells Fargo Bank, N.A. in Walnut Creek, California.
Head Quarters
Houston, Texas
Year Founded
2002
CEO
Shuaib Bombaywala
Employees
50
Merchant Provider Risk Tolerance
TransGlobal Payment Systems offers the following products and services, as per the company’s official website:
Credit Card Processing
Terminals providing acceptance for Visa, MasterCard, Discover, American Express, Apple Pay, Google Wallet, EMV, Paypal, Diners Club, JCB, and Union Pay cards.
eCommerce Transaction Processing
TransGlobal Payment Systems offers an online payment gateway that is “integratable with nearly all systems or applications” and offers recurring billing.
Additional services include a Gift & Loyalty Program, Mail Out Program, ACH services, and a Cash Advance Program to assist with merchant’s cash flow. For more information on a particular product or service from TransGlobal, see the company’s official website.
Discloses All Important Terms
No
Public Pricing Available
No
There is no publicly available information regarding TransGlobal’s rates.
It is known, however, that TransGlobal Payment Systems offers Level 2 and 3 Processing services for B2B and B2G transactions. These rates are different than traditional consumer credit processing rates in that they are based on a different set of interchange fees.
eCommerce merchants looking to register with TransGlobal Payment Systems should be aware of any additional fees associated with using its online payment gateway. The most common such fees are Gateway Fees, Technical Support Fees, and Batch fees.
Pricing Model
Tiered Pricing
Swiped Rate
1.00% - 4.99%
Keyed-in Rate
1.00% - 4.99%
Mobile Payment Rate
Virtual Terminal Rate
1.00% - 4.99%
Monthly Fee
Variable
Payment Gateway Fee
Undisclosed
Batch Fee
Undisclosed
Early Termination Fee
Up to $495
PCI Compliance Fee
Up To $19.95 Per Month
Equipment Lease Terms
48 Month (locked)
Address Verification Service (AVS)
Application Fee
Account Setup Fee
$0
Gateway Setup Fee
Annual Fee
Monthly Minimum
Undisclosed
Statement Fee
There is no available information regarding TransGlobal’s rates and fees at this time. The company’s partnership with First Data suggests that a standard service contract is similar (if not identical) to that of First Data’s.
A standard contract with TransGlobal Payment Systems, then, is likely a multi-year agreement with variable ETFs and up to a $19.95 monthly PCI Compliance Fee.
The pricing and fees for these contracts can vary significantly depending on a merchant’s particular situation - how long they’ve been in business for, their industry, business type, and business size - as well as the agent that service is registered with.
TransGlobal offers POS equipment leases at a 48-month locked agreement. It’s important to note that, in many cases, POS equipment leases are much more expensive than purchasing the equipment outright.
Contract Length
3 Years
Early Termination Fee
Up to $495
TransGlobal is accredited with the Better Business Bureau and maintains an “A+” rating on its BBB profile. Additionally, the company shows 0 complaints on its BBB profile over the last 36 months.
We were able to locate one public complaint, which accused the company’s sales agents of misrepresenting monthly rates, but this in no way appears to be a shared experience among TransGlobal’s customers.
The lack of negative reviews from merchant clients could indicate that TransGlobal Payment Systems has a strong customer support team and/or a transparent sales process.
BBB
A+ and is Accredited since 2015. (0 Reviews; 0 Complaints)
4.9 Stars / 11 Reviews
5 Stars. Based on the opinion of 1 person
Yelp
N/A
Total Online Reviews
50+
Total Online Complaints
Lawsuits
None
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