Velocity Review

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

Best for

Specializes in

Pricing Summary

Setup Fee: $0

Monthly Fee: $10 (Statement Fee)

Swipe Rate: 1.00% - 4.99%

Keyed-in Rate: 1.00% - 4.99%

Early Termination Fee : $495

Contract Terms:

3 Years
Visit Velocity

Velocity Overview

 

Quick Facts

Head Quarters

Portland, Oregon

Year Founded

1999

CEO

Todd McCartney - President

Employees

50

Merchant Provider Risk Tolerance

What We Like

What We Don't Like

Industries Served

  • Clothing & Apparel
  • Convenience Store
  • Electronics
  • Gas Station
  • Healthcare
  • Marketing Agency
  • Moving Companies
  • Personal Service
  • Property Management
  • Restaurant / Bar
  • SAAS
  • SEO & SEM Services
  • Thrift Store
  • Web Design Services

Business Types Served

  • B2B
  • Ecommerce
  • Enterprise Merchant Accounts
  • Mobile
  • Mom & Pop
  • MOTO
  • Online
  • Retail / Card Present
  • Small Business
  • Wholesale

Velocity Products & Services

 

Velocity Payment Processing

  • Contactless NFC
  • Credit Card Processing
  • Credit Card Terminals
  • Debit Card Processing
  • eCheck & ACH Processing
  • EMV Processing
  • Gift & Loyalty Program
  • Merchant Cash Advance
  • Mobile Card Reader
  • Mobile Payments App
  • Online Payments
  • Payment Gateway
  • POS Equipment
  • Shopping Cart Provided
  • Virtual Terminal

Velocity Billing & Invoicing

  • Mobile Payments
  • Multi-Currency
  • Online Payments
  • Payment Processing
  • Recurring/Subscription Billing

Velocity Advertising & Sales

 

Truth in Marketing

Discloses All Important Terms

No

Public Pricing Available

No

Velocity Pricing, Rates & Fees

 

Pricing at a Glance

Pricing Model

Tiered Pricing

Swiped Rate

1.00% - 4.99%

Keyed-in Rate

1.00% - 4.99%

Mobile Payment Rate

Virtual Terminal Rate

1.89% + $0.23 - 2.90% + $0.30

Monthly Fee

$10 (Statement Fee)

Payment Gateway Fee

None

Batch Fee

Undisclosed

Early Termination Fee

$495

PCI Compliance Fee

$4.95 Per Month

Equipment Lease Terms

48 Month (locked); $8,700 - Equipment Lease Cost

Address Verification Service (AVS)

Application Fee

Account Setup Fee

$0

Gateway Setup Fee

Annual Fee

Monthly Minimum

$25

Statement Fee

$10 per Month

Velocity Contract & Terms

Contract Length

3 Years

Early Termination Fee

$495

Velocity Setup & Support

 

Setup Highlights

  • Documentation / Knowledge Base
  • Live Online (1-on-1)

Support Highlights

  • Domestic Phone Support (Business Hours)

Velocity Complaints, Ratings & Reviews

Ratings

BBB

A- and is not BBB Accredited. (41 Reviews; 26 Complaints)

Google

4.4 Stars / 147 Reviews

Facebook

3.9 Stars. Based on the opinion of 92 people

Yelp

2.5 Stars / 16 Reviews

Reviews

Total Online Reviews

250+

Total Online Complaints

30+

Lawsuits

None

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