Best for
Merchants searching for standard payment processing services, but that are also interested in working with a company that offers additional value added services as well.
Specializes in
Yoozy specializes in providing industry-specific solutions for merchants in the following spaces: Automotive Healthcare Beauty Salon and Spa Restaurant Retailers and Service E-commerce MOTO Property Management Supermarket Hotel Charitable Organizations Government and Utility
Pricing Summary
Setup Fee: Unknown
Monthly Fee: Unknown
Swipe Rate: Unknown
Keyed-in Rate: Unknown
Early Termination Fee : Unknown
Contract Terms:
Yoozy offers payment processing services to various types of merchants in multiple industries.
The company is headquartered in Carrollton, Texas, but it has multiple business locations and offices in the United States.
The company was founded in 2004 and Jason Grant is its President/Director.
Yoozy is a payment processor that, according to its website, also functions as a business advisor for merchants. It is located in Carrollton, Texas, but the company has additional offices in the United States. It was founded in 2004 and Jason Grant is the company’s President and Director.
The company website and online reviews do not provide very much information about this company. Its acquiring bank is unknown. Yoozy claims to be able to save merchant customers between 25% and 30% on their payment processing costs.
Head Quarters
4320 Marsh Ridge Rd Ste 100 Carrollton, TX 75010-4447
Year Founded
2004
CEO
Jason Grant
Employees
11-50
Merchant Provider Risk Tolerance
Offers variety in POS systems and terminals.
Multiple value-added services, including marketing assistance, loyalty cards, and cash advances.
Accepts all major forms of payment.
Works with an in-house sales team to provide the best customer service.
$500 rebate if they can’t save the merchant money.
No published rates or fees.
Very little information to be found on the company, either on their website or online.
Requires a three-year contract.
Four-year, non-cancelable lease on equipment.
No indication on set up time for new accounts.
Hardware & Software
Yoozy states that the company offers the most current technology with regard to POS systems and terminals. It lists several options on its website, including Hypercom, ViVOpay, Verifone, RDM, and HioPOS POS systems.
The company also offers mobile payment solutions through an app. Yoozy can integrate with many shopping carts and offers an online payment gateway for e-commerce merchants. Invoicing and bill payment capabilities are also available.
Value Added Services
Yoozy offers a few value added services for its merchant customers. They include:
Consulting services
A gift card program
Cash advances
A loyalty program
Marketing assistance
Convenience fee pricing
Supported Payment Types & Services
Yoozy supports several different types of payments for its merchant customers, such as:
Payments from all four major credit cards
Debit card payments
Checks and electronic checks
NFC mobile wallet payments
Gift card payments
Merchants are also able to invoice their customers one time, or multiple times to receive recurring payments.
Discloses All Important Terms
Yes
Public Pricing Available
No
Yoozy does not publish any information about its rates and fees. The company does have an FAQ page on its website and a question about prices is included in the list.
Yoozy states that pricing will vary based on several different factors, including:
Ratio of swiped vs. keyed-in transactions
Average ticket amount
Number of transactions processed each month
Estimated monthly volume
Merchant industry
Additional questions may be asked to help sales agents better understand the merchant’s business and industry.
Yoozy advertises having some of the cheapest prices in the payment processing industry. The company website states that they will pay merchants $500 if they are not able to show them instant savings.
Pricing Model
Unknown
Swiped Rate
Unknown
Keyed-in Rate
Unknown
Mobile Payment Rate
Unknown
Virtual Terminal Rate
Unknown
Monthly Fee
Unknown
Payment Gateway Fee
Unknown
Batch Fee
Unknown
Early Termination Fee
Unknown
PCI Compliance Fee
Unknown
Equipment Lease Terms
Unknown
Address Verification Service (AVS)
Unknown
Application Fee
Unknown
Account Setup Fee
Unknown
Gateway Setup Fee
Unknown
Annual Fee
Unknown
Monthly Minimum
Unknown
Statement Fee
Unknown
Yoozy requires its merchant customers to agree to a 3-year contract for payment processing. Merchants in need of POS systems, terminals, or other equipment will sign a 4-year contract that is non-cancelable.
It is important to note that even though Yoozy provides a rate guarantee, it can be deceiving. This company uses tiered pricing for its merchant accounts, and the guarantee does not apply if the merchant’s current pricing is at or under 10 basis points and 10 cents above published interchange costs.
Contract Length
Unknown
Early Termination Fee
Unknown
The Yoozy website outlines a three-step process for merchant customers who are interested in obtaining their services.
1. Schedule a free consultation.
2. Yoozy prepares and presents a strategic plan to the merchant.
3. Implementation, monitoring, and support are offered to the merchant.
The company does not indicate how long it might take for merchants to be set up to accept payments. It can take a few weeks if the merchant is in need of POS systems, and less than a week if the merchant is integrating with a shopping cart or using a virtual gateway.
Each merchant is assigned their own personal Yoozy representative to assist with keeping their processing costs to a minimum and maximizing their cash flow.
The company has a Support page on its website that has a contact form and a phone number for merchants to get in touch with customer service.
BBB Rating
Yoozy is an accredited business with the Better Business Bureau and it has an A+ rating on the BBB website. There has only been one complaint closed in the last three years, and no other complaints or reviews are available. The complaint was regarding the misrepresentation of contract terms by a sales representative, and the company answered it and provided a refund.
Other Online Reviews
Other online reviews for Yoozy are all positive in nature, and there are several on Google, Facebook and Yelp.
BBB
A+ and has been Accredited since 2006. (0 Reviews; 1 Complaints)
3 Stars / 32 Reviews
No Reviews
Yelp
3 Stars / 8 Reviews
Total Online Reviews
40+
Total Online Complaints
Unknown
Lawsuits
Unknown
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