TransNet Enterprises, Inc. Review

Rates and Fees
95/100
Truth in Advertising
95/100
Consumer Reviews
90/100
Customer Support
90/100
4.5

Best for

Merchants of all risk levels that are seeking omnichannel payment processing services as well as recurring billing.

Specializes in

TransNet Enterprises, Inc. specializes in working with high-risk and international merchants that may have trouble securing payment processing services with other companies. It can also assist merchants whose previous accounts have been terminated or who are new to processing payments.

Pricing Summary

Setup Fee: Unknown

Monthly Fee: Unknown

Swipe Rate: Unknown

Keyed-in Rate: Unknown

Early Termination Fee : Unknown

Contract Terms:

Unknown
Visit TransNet Enterprises Inc

TransNet Enterprises, Inc. is headquartered in Houston, Texas, and the company was founded in 2004.

This company has also done business under a few other names, including TransNet ATM Solutions and TransNet Payment System.

The president and CEO of TransNet Enterprises, Inc. is Akbar Dharani.

TransNet Enterprises Inc Overview

 

TransNet Enterprises, Inc. was founded in 2004 by Akbar Dharani, and the company originally did business under the name, TransNet Payment System. Eventually, the company formed partnerships with Wells Fargo and First Data. It is located in Houston, Texas.

TransNet Enterprises, Inc. offers innovative payment processing solutions for its merchant customers, as well as several additional services to meet their needs. The company’s About Us page indicates that it has processed payments for more than 11,000 merchants. TransNet ATM Solutions is a branch of this company, which offers ATM processing and installations.

TransNet Enterprises, Inc. works with high-risk and international merchants to provide them with the services they need. This company is a registered ISO of Wells Fargo Bank, N.A., Concord, CA.

Quick Facts

Head Quarters

TransNet Enterprises, Inc. 9894 Bissonnet St., Ste. 840 Houston, TX 77036

Year Founded

2004

CEO

Akbar Dharani

Employees

Unknown

Merchant Provider Risk Tolerance

High Risk Businesses

What We Like

Helps merchants whose account has been terminated re establish themselves.

Works with high risk local and international companies who have trouble securing payment processing services.

Provides a loyalty and gift program.

Recurring billing is available for items such as newspapers and gym memberships.

A calculator is available on the company website to see if money can be saved if you switch to Transnet.

What We Don't Like

Only works with online companies.

No contract information is available.

No timeline on how long it will take to set up a merchant.

Use outside sales agents.

Fee structure is not provided.

Industries Served

  • Online Sellers

Business Types Served

  • Mobile
  • Online

TransNet Enterprises Inc Products & Services

 

Hardware & Software

TransNet Enterprises, Inc. offers various types of hardware and software, and even has bundled packages that include multiple services and payment processing options.

This company offers equipment from companies such as VeriFone, Ingenico, and Telecheck, as well as several others. The following are all available:

Standalone terminals for brick and mortar merchants
Pay-at-the-pump terminals for gas stations
Mobile payment solutions

In addition, merchants can opt for:

Online payment solutions
Payment gateways
A combination of online payment services and POS systems or credit card terminals through their bundled services
Shopping cart integrations with dozens of the most popular ecommerce shopping cart options

Value-Added Services

TransNet Enterprises, Inc. has many value-added services that are available to its merchant customers. These services include:

ATM installation and maintenance
A loyalty card program
A gift card program
Electronic payroll services
Business analytics services

Supported Payment Types & Services

Merchants processing payments through TransNet Enterprises, Inc. will be able to accept many different forms of payment, including:

Payments that are made with all four of the major credit cards, including EMV chip cards and magstripe cards
Debit cards, including PIN-entered payments
Gift cards
Loyalty cards
Prepaid cards
Electronic checks
Electronic paystubs
ACH payments
Merchant-specific credit cards

This company also offers recurring billing capabilities for various services, such as gym memberships and newspaper subscriptions.

TransNet Enterprises Inc Payment Processing

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

TransNet Enterprises Inc Billing & Invoicing

  • Mobile Payments
  • Online Payments

TransNet Enterprises Inc Advertising & Sales

 
TransNet Enterprises, Inc. uses a combination of inside sales, outside sales, traditional marketing, and partnership programs to market its products and services. The company states that it partners with ISOs, agents, trade associations, financial institutions, software providers, and other third-party vendors.

This company has a page on its website specifically for pricing, and it states that it has been able to save merchants more than $25 million a year in transaction fees and payment processing costs. This may or may not be inflated, but TransNet Enterprises, Inc. does have a calculator on its website to help merchants determine how much money they can save by switching.

There is no evidence that suggests that this company is using unethical sales tactics, even though they employ outside sales agents and work with many different types of partners.

Truth in Marketing

Discloses All Important Terms

Unknown

Public Pricing Available

Unknown

TransNet Enterprises Inc Pricing, Rates & Fees

 

TransNet Enterprises, Inc. offers various types of pricing plans for its merchant customers based on their risk levels and other factors. Tiered, interchange-plus, and flat-rate pricing are all available.

Once a merchant has started processing more than $50,000 per month, the company reviews their account to attempt to lower their pricing.

Pricing at a Glance

Pricing Model

Unknown

Swiped Rate

Unknown

Keyed-in Rate

Unknown

Mobile Payment Rate

Unknown

Virtual Terminal Rate

Monthly Fee

Unknown

Payment Gateway Fee

Batch Fee

Early Termination Fee

Unknown

PCI Compliance Fee

Equipment Lease Terms

Address Verification Service (AVS)

Application Fee

Account Setup Fee

Unknown

Gateway Setup Fee

Annual Fee

Monthly Minimum

Statement Fee

TransNet Enterprises Inc Contract & Terms

There is no information on the TransNet Enterprises, Inc. website that mentions contracts and terms. However, since this company does not specifically state that it does not require contracts, it is safe to assume that it does. Contracts could have 1-year to 5-year terms, and this could vary for every merchant, based on their risk level and multiple other factors.

Merchants may receive an additional contract for any equipment they lease from this company, or from one of its partners. That contract could carry very different terms and be non-cancelable.

Contract Length

Unknown

Early Termination Fee

Unknown

TransNet Enterprises Inc Setup & Support

 

There is no indication of how long it might take a merchant to get set up with payment processing services and a merchant account through TransNet Enterprises, Inc. Typically, this is a process that can take up to 14 days, depending on the need for equipment and the duration of the underwriting process.

TransNet Enterprises, Inc. has a Contact Us page on its website that has a contact form, phone numbers, and email addresses for customer service, tech support, and sales.

Setup Highlights

  • Documentation / Knowledge Base

Support Highlights

  • Domestic Phone Support (Business Hours)
  • Email Support

TransNet Enterprises Inc Complaints, Ratings & Reviews

BBB Rating

TransNet Enterprises, Inc. has been accredited with the Better Business Bureau since 2017, and the company has an A+ rating.

Other Online Reviews

There are very few reviews online for this company, and only one text review on the TransNet Enterprises, Inc. Facebook page.

Ratings

BBB

A+ and has been Accredited since 2017. (2 Reviews; 0 Complaints)

Google

N/A

Facebook

5 out of 5 Based on the opinion of 8 people

Yelp

N/A

Reviews

Total Online Reviews

10+

Total Online Complaints

Unknown

Lawsuits

Unknown

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