Paynet Systems Review

Company Name Paynet Systems
Overview Paynet Systems is a Georgia based company which is in business since 1999. The company doesn’t have many dissatisfied customers in their list. They have nice and clean testimonial page. Paynet Systems offers more transparency compared to merchant account providers. They have a public facing blog, twitter and facebook page.
Date Established: 1999
Location Alpharetta, Georgia.
Domain Name(s) www.paynetsystems.com
Parent/Partner Company Charge.com
Type Registered ISO/MSP.
Acquiring Bank(s) (Acquirer) Wells Fargo Bank.
Payment Processor(s) Pipeline Data.
Payment Gateway SecurePay, SkipJack or Plug’n Pay.
Trust Symbols A-
Negative Reviews/Complaints They have a testimonial page. Only few complaints are registered against them.
Testimonials N/A
Common Complaints N/A
Security/Privacy No
Contract Duration 6-months.
Cancellation Fee $75
Interchange-Plus Pricing No
Seasonal Downtime It offers seasonal downtime.
Product/Service Offering Retail, Mobile/Wireless, Phone/MailOnline/Internet (e-Commerce) .
Product/Service Specialty offer a broad range of services.
Cost Per Month $25
Startup Cost Nil
Account Setup Time 7 business days
Customer Service Yes
Gateway Fee $10/month
Statement Fee $10
Chargeback $15
Recurring Billing Not Highlighted
Discount Rate 2.19%
Internet Based Features Yes
Real Time Solution Price Not Highlighted
Application Fee Nill
Ratings 5-Apr
Verdict Reliable Merchant Account Vendor

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