In today's day and age businesses that only accept checks and cash aren't in business long. If you have any hope of financial success, you have to accept credit cards. Fortunately there are more than a few credit card processing services willing to fulfill that need. The Star Reviews team decided to compare the best credit card processing services to find out who would come out on top. ElectronicTransfer.com was one of the sites included in our research list. Wondering how well they did? This review has the scoop...
ElectronicTransfer.com Key Features
Electronic Transfer, Inc. provides several services for their merchants along with the free set up and discounts when becoming a merchant account. These services include:
- Free reprogramming.
- Free recurring billing.
- Free virtual terminal.
- Free fraud screening.
- Free application.
- Free e-commerce shopping cart.
- Several payment processing options for businesses.
- Free online sales tracking.
Our Favorite Feature:
We were impressed with the fact that merchants could accept so many forms of payment from their customers outside of just processing credit cards if they are to set up an account with ElectronicTransfer.com. Other methods of payment are electronic checks, debit card payments, and gift cards (private label).
The ElectronicTransfer.com Experience:
Once you obtain the free set up of the merchant account you will have access to several free features such as free recurring billing, free fraud screening, free online check processing, free automatic daily batching, and even free online sales and tracking and reporting. The site boasts a 98% approval rating with a decision within two days.
When you start using ElectronicTransfer.com as your merchant services provider, you get access to your funds quickly - within two days - which can be very important, especially for new businesses or those who work in the service industry. The free automatic daily batching is just one less headache to worry about, as the site makes credit card processing as hassle-free as possible to businesses.
ElectronicTransfer.com Features:
- No application fee.
- Free shopping cart.
- Free fraud screening.
- Free virtual terminal.
- Free recurring billing.
- Free reprogramming of credit card terminals.
- Several payment processing options - credit card, electronic check, debit card.
- Free sales tracking and reporting.
- Better Business Bureau accredited.
ElectronicTransfer.com Pricing:
ElectronicTransfer.com offers a 2.25% discount to its merchants. Depending on the type of transaction being used, such as internet, mail order, or phone order, there is a .25 - .29 cent charge per transaction. They charge a $10 per month Gateway Fee and a $10 a month Statement Fee to their merchants.
ElectronicTransfer.com Customer Service:
Electronic Transfer, Inc. has provided not only a toll free number for their members to call (800-757-5453), but they have also provided a fax number and an address if you wish to write to them. Additionally, they have a complaints line for their merchants to file complaints to, which is also toll free (800-459-0625). You may also submit an online form with any questions or concerns here: http://www.electronictransfer.com/contact/. When we contacted this company, we were pleased that we did not have to go through any automated services and was able to immediately speak with a knowledgeable and friendly sales representative in less than one minute.
Upside:
By choosing to set up an account with this merchant services provider, you will be able to expand your payment options for your customers. Not only will you be able to offer credit card processing, but you will also be able to provide your customers with the option to pay with an electronic check, and even their debit cards.
Downside:
There isn’t any free trial option available to its new merchants so you have no way of knowing if you are going to be happy with them and their services before choosing to stay with them. While most companies do not charge a setup fee nowadays, ElectronicTransfer.com still charges $49 to $150.