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:
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. 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.
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
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.
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.
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.
Discloses All Important Terms
Unknown
Public Pricing Available
Unknown
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 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
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
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.
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.
BBB
A+ and has been Accredited since 2017. (2 Reviews; 0 Complaints)
N/A
5 out of 5 Based on the opinion of 8 people
Yelp
N/A
Total Online Reviews
10+
Total Online Complaints
Unknown
Lawsuits
Unknown
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