Moving companies, B2B, High-volume, e-commerce, mom & pop businesses.
TransPay Processing is a larger-sized merchant account provider based out of California specializing in payment solutions for small and medium-sized businesses. It offers decent rates and has an online gateway and virtual terminal services.
Setup Fee: $0
Monthly Fee: Undisclosed
Swipe Rate: 2.69% + $0.19
Keyed-in Rate: 3.69% + $0.19
Early Termination Fee : None
Founded by Emil Billman in 1998 and headquartered in Palm Desert, California, TransPay Processing processes over $500 million a year in transactions and employs a small team of around ten employees or a little more. It mainly services smaller and medium-sized businesses with full-service payment solutions. It partners with First Data, Authorize.net, and Chase Merchant Services.
TransPay Processing is a larger merchant account provider that processes payments for smaller and medium-sized businesses. Its pricing model is straightforward: interchange plus. TransPay Processing is a reseller of First Data and appears to use its contracts, terms, and many of its fees and rates in its daily business proceedings. TransPay Processing has a decent industry reputation, with few noticeable online complaints and almost no declarations of frauds, rip-offs, or other forms of deceit from merchants.
TransPay’s focus in the industry is mainly on smaller and medium-sized businesses, processing their payments in various ways: from online gateways and terminals to just taking debit and credit cards in person. TransPay offers various contracts and agreements and seems to be flexible, so many merchants may find them a good option for payment processing.
Indian Wells, CA
Merchant Provider Risk Tolerance
Point 1: Debit/Credit Processing, Risk Management, EMV Technology
TransPay Processing offers debit and credit processing, risk management, and EMV chip technology. This is useful for merchants for many reasons, but the main one is the avoidance of risk, fraud, and chargebacks. Being able to take debit and credit cards--the lifeblood of most businesses these days, as few people pay in cash regularly--is the most crucial aspect, but not having to worry about risk and fraud makes that business able to take the cards without worrying about those factors affecting their business as much.
Point 2: Online Gateways and Virtual Terminals
For e-commerce businesses and online stores, TransPay Processing offers online gateways and virtual terminals to take cards online. This is necessary for these stores, of course, as there’s no real way to pay in cash when the transaction isn’t a physical process. The rates offered by TransPay for these services are fairly standard and aren’t astronomical or out of control. These payment methods are also secured with encryptions and other standard security measures, so merchants can be sure that their businesses are safe.
Point 3: POS Equipment and Employee Training
To take payments physically, POS equipment is usually needed from a credit card processing company. This includes things like terminals, card readers, mobile card readers, and more. TransPay Processing offers this equipment, usually on the lease as is standard in this industry, and also provides an employee training program so that your workers will know how to use this in your business.
Discloses All Important Terms
Public Pricing Available
TransPay Processing offers an interchange-plus pricing model. It is available online because TransPay is a known reseller of First Data and usually offers and sells its contracts. For those who sell under $50,000 a month, the rate is 2.69% plus $0.19 and a keyed-in rate of 3.69% plus $0.19. If you go over $50,000 a month, the quality is almost the same, with the percentage slightly reduced: 2.29% for swiped and 3.29% for keyed-in cards.
2.69% + $0.19
3.69% + $0.19
Mobile Payment Rate
$25 Per Month
Virtual Terminal Rate
2.90% + $0.30
Payment Gateway Fee
Early Termination Fee
PCI Compliance Fee
$19.95 Per Month
Equipment Lease Terms
48 Months (locked)
Address Verification Service (AVS)
Account Setup Fee
Gateway Setup Fee
TransPay Processing is a reseller of First Data. This means that it generally uses its contract terms when it comes to what it offers to merchants. A high early termination fee of at least $295, a $25 monthly fee, a $19.95 PCI Compliance fee, and a few other fees and rates generally apply. TransPay Processing also offers a month-to-month contract with no early termination fee for merchants who don’t want a long-term commitment. There are very few complaints about TransPay’s deals.
Early Termination Fee
TransPay has almost no noticeable negative online reviews or complaints anywhere. For a merchant account provider, this is quite significant. This is an industry full of deception, and companies that are usually dealing in bad faith more often than not. There are also no known lawsuits, class-action or otherwise, that involve TransPay. TransPay has a spotless record for a merchant account provider, and it seems that most merchants enjoy its services and don’t have many things to complain about when it comes to the company.
5 Stars / 1 Review
5 Stars / Based on the opinion of 4 people
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