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17Aug/1037

Elavon Review

Merchant Maverick's Rating: (4 out of 5)
four-stars

Last Updated: October 9th, 2013.

Logo:
elavon-logo

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Overview:

Elavon doesn’t have a stellar reputation, but I actually like them. Or I should say I’ve come to like them. 2013 was a year of redeeming qualities for this processing giant. In the past 12 months they’ve managed to maintain a decent small business marketing approach, which included doing away with their early termination fee and advertising fixed-rate options for increased transparency and consistency. They’ve also designed an attractive website and launched a campaign called “3 Big Things” in order to demonstrate to merchants the real cost of processing cards.

While their marketing is still not perfect – no mention of interchange-plus pricing, for instance – they really are working to gain trust and build a good online reputation as a processor for small businesses and large corporations alike. Not many of the really big processors can say that. And when I say really big, let me be clear. Elavon serves about 1.2 million merchants. That is really substantial!

Elavon (formerly known as NOVA Information Systems) is part of U.S. Bank's (U.S. Bancorp's) Payment Services division, operating out of Atlanta, Georgia. They've been in business since 1991, but only under the Elavon name since 2008. They are a real end-to-end processor, taking care of all things related to merchant accounts under one roof. For big companies especially, this is a real benefit.

With that said, there are hundreds – if not thousands – of agents and organizations that resell Elavon's services. Some of them have been reviewed Merchant Maverick. They go by different brand names, but at the end of the day, your account is probably being underwritten and boarded under the Elavon platform. Costco Wholesale is a big reseller of Elavon's services.

Your experience with Elavon, or any big acquirer for that matter, will rely mostly on the sales rep/reseller that sets you up with that account. Even if you go direct, there are still some reps that are more educated and/or ethical than others. The goal is to find a rep within Elavon that you feel comfortable with. By doing that, you can ensure you'll get a five-star experience every time. And, because you're reading this site, you know more than 80% of other business owners, so you know what to look for and what to ask. If you feel comfortable, do it yourself. If not let us know.

For a company as large as Elavon, I'm not surprised that their BBB complaint count is high. It's to be expected from such a big processor. However, if you're the type that likes to be treated more like a person than a number, then you might want to go with a smaller company like CDGcommerce. Otherwise, I’m impressed by Elavon’s efforts and I have no reason to have you avoid dealing with them at the corporate level. They get four stars for now, and I hope they continue moving in the right direction.

Don't forget to read through the rest of this review for more info on Elavon, or jump to our comparison chart for more info on our best-rated providers!

Date Established:

1991.

Location:

Atlanta, Georgia.

Domain Name(s):

  • www.elavon.com (Main site)
  • www.merchantconnect.com (Merchant service page)
  • www.elavonpayment.com/ca (Canada)
  • www.elavonpayment.com/eu (European freight)
  • www.elanfinancialservices.com (Financial services)
  • www.elavonfis.com (Financial institutions)

Products and Services:

  • Merchant accounts
  • Mobile processing
  • International processing
  • Terminal sales and leases: Always compare prices before you buy, and never lease!
  • Industry-specific services: Specialties include airlines, hospitality, travel/entertainment, public sector/education, and retail. Check out what they have to say about it here.
  • Gateway/virtual terminal: Elavon takes care of these services in-house with its proprietary offerings. If you’d like to use a different gateway (like Authoirze.net), they can help you integrate that. I like their gateway.
  • Mobile processing: Offered through their proprietary app VirtualMerchant Mobile.
  • Online reporting: This proprietary service is called Merchant Connect, and seems to be pretty high quality compared to other online reporting tools I’ve seen. You can get a demo of it here.
  • Gift/loyalty card programs

Rates and Fees:

These days, Elavon offers a couple of flat-rate plans for small businesses, including:

Terminal Offer

  • 2.65% and $0.19 - Card swiped
  • 3.5% and $0.19 - Keyed entry
  • $10 - Monthly fee
  • $499.00 – For an Ingenico iCT250 terminal

Mobile Offer

  • 2.65% and $0.19 - Card swiped
  • 3.5% and $0.19 - Keyed entry
  • $10 - Monthly fee
  • $24.99 – For a Magtek aDynamo mobile card reader

Both of these fixed-rate offers come with:

  • No cancellation fees
  • No “hidden” fees

You can see their Terms of Service, where you will find no mention of an early termination fee. Then again, if you look at another version of their terms, you’ll find a liquidated damages fee for early termination. So be careful, and make sure your contract has the provisions your sales rep described to you.

You can also get an interchange-plus pricing model through Elavon, but you might have a monthly minimum and early termination fee. But remember – these things are always negotiable. And if Elavon can’t set you up with what you want, someone else probably can!

Contract Length and Early Termination Fee:

Elavon offers contracts with no early termination fees, making them month-to-month agreements for all ostensible purposes. You will, of course, still sign a merchant agreement that last for three years and will auto-renew for one or two year periods afterwards. You’ll still have to take the appropriate steps to cancel your account (returning equipment if needed, providing written notice of cancellation, etc.), or else you’ll continue to be billed.

Some merchants will be set up with a termination fee that may include liquidated damages, however, so make sure you carefully review the “Termination” part of your merchant agreement.

Overall, I think Elavon has made a good move here. All processors should at least have the option for an account with no termination fees.

Sales and Advertising Transparency:

The processing industry is, overall, moving toward a greater level of standardization when it comes to setting up small businesses with merchant accounts. Many have replaced tiered pricing models with fixed-rate or interchange-plus models. While the fixed-rate pricing isn’t always a great deal, it’s certainly more transparent than tiers.

Elavon doesn’t use any sales gimmicks at the corporate level, and they do disclose some standardized fees and rates (as mentioned earlier in this review).

I really seeing things like this informational website that Elavon put out (with corresponding infographic). It’s a pretty good effort to promote transparency and explain the costs behind processing cards. They also offer a really nice resources section there. I’m really impressed by their efforts here.

I would have liked to see some disclosure about cost-plus pricing, but aside from that Elavon is on the right track.

Customer Service and Technical Support:

You’ll find 24/7/365 US-based customer support (assuming you’re a US-based merchant, that is) offered by Elavon. Altogether, they have support in nine languages. I had a brief interaction with a support rep who seemed intelligent and well-trained, but I can’t speak for their ability to handle complex, long-term or sensitive issues. You should also be aware that if you sign up under a reseller, you might get customer support through that ISO and not through Elavon directly.

Many reviewers in our comments section seem dissatisfied with customer support, but most of these reviews seem to come through resellers like Costco.

Negative Reviews and Complaints:

When you serve 1.2 million merchants, some complaints are bound to come up. Still, considering their volume, Elavon has a pretty good presence at the BBB. They’ve had 274 complaints in the past three years, but have responded to each and every one, which is part of why they have an A+ rating. I should also note that this number is down about 10% since our last update.

  • Expensive terminal lease contracts through Ladco Leasing: Some merchants have complained about not being aware that they were signing into a 4-year terminal lease that would essentially cost about four-figures to get out of. The whole "not being aware" part can be chalked up to the merchant not fully understanding their contract, but I personally think terminal leasing is unnecessary to begin with. If you're a small merchant, and you only need a few terminals, then why not just buy them? They don't cost much these days. Leases make sense for bigger organizations that need many terminals and don't have the upfront capital to invest in buying them.
  • PCI compliance fee: Many of Elavon's merchants are having an issue with the annual PCI compliance fee of $175 that Elavon is dinging them with, with non-compliance surcharges added on top of that. Although PCI DSS compliance is necessary for anyone that plans on accepting credit cards for their business, Elavon is not required to charge their merchants any type of fee for that compliance. So, contrary to what you may have heard, processor's are not required to pass that charge on to you (but they usually will).
  • Withholding of funds/termination of accounts: I can't blame Elavon here at all. They accept a certain amount of risk for taking on a merchant. If that merchant starts conducting business outside of the agreed upon terms, then Elavon has a right to investigate. There are a few main reasons that will get you red flagged by Elavon, learn how to avoid them here.

Positive Reviews and Testimonials:

Unfortunately, I couldn’t locate any testimonials for Elavon, corporate-endorsed or otherwise. If you know of any, please share them in the comments section of this post.

My personal favorite aspects of Elavon’s service include:

  • Good website and online sales copy: If a company can’t be bothered to maintain a good web presence, that’s not a good sign. Elavon does a great job in this respect, providing useful information in an attractive package.
  • Disclosure of some fees and rates: While I don’t think flat-rate services make sense in most cases, I like seeing this sort of service offered. A company as big as Elavon doesn’t have to cater to small businesses. That fact that they do sets them apart.
  • No early termination fee: You’ve gotta love it when a company provides month-to-month contracts!

Final Verdict:

While I’m not thrilled with Elavon’s reputation, I really have no problem recommending them as a viable payment processor – at the corporate level, at least. When you start dealing with independent resellers, all bets are off. Like essentially all big providers, Elavon suffers from a lack of consistency across the many ISOs using its name. This makes it very difficult to provide you with an overarching rating. If you want to get the best deal possible through Elavon, make sure you contact corporate sales directly and feel out your agent. Or if you need a hand with this, let us know and we can help get you set up with a quality sales rep.

Overall, I’m going to bump Elavon up a half a star to four stars. I’m doing this because they’ve shown a real effort to increase transparency, they’ve begun offering month-to-month contracts, and overall they’re moving in the right direction. If they could just start advertising an interchange-plus plan, I’d be really impressed. Hopefully by my next update they will!

Want to see what it takes to get five stars here at Merchant Maverick? Take a look at our handy comparison chart.

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Tom DeSimone

Tom loves asking tough questions and getting straight answers, so he has a lot of fun calling payment processors for Merchant Maverick to cut through their smoke and mirrors and find the real deals. He has run a full-time editorial business from his home in New York’s Hudson Valley since 2010 and could not imagine a better job. When not busy writing and keeping credit processors honest, Tom enjoys backpacking in the mountains.

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Comments (37) Trackbacks (1)
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  1. Elavon’s contract indicates that the contract auto-terminates after 90-180 days of no transactions.
    LES.NET signed up to use Elavon years ago, but never implemented their services because we have an alternate provider.
    The contract did not auto-cancel itself.
    Elavon has charged us nearly $1000/year for a service we don’t use.
    We have been trying for 3 months to cancel the account, have numerous tracking and confirmation numbers that the account is cancelled, but we are still being charged for the account.

    https://knoxville.app.bbb.org/complaint/new/4468

    • Not Rated
  2. Wish i had never signed up to Elavon lost count of the number of times we have phoned terminal helpdesk only been using the mobile device since august feel they should pay me for the wasted time,nearly every time i drive to another location i have to restart the device i feel like a second rate seller and apologise before i try and take payment in case it doesnt work first time will cancel contract when it expires got any idea as to a more reliable merchant service for august this year?

    • 11111
    • Hi Andrew,

      That sounds really frustrating. It’s disappointing that Elavon wouldn’t just set you up with a different wireless terminal, since the problem you describe seems to stem from the device more so than the actual payment processor. You can avoid wireless fees by using a smartphone card reader. Both CDGcommerce and Dharma Merchant Services would gladly set you up with a very reliable merchant account and a low-cost or free reader for your phone. If you’d prefer to use a wireless terminal, both of these providers can also set you up with that service, although it will cost more.

      Make sure to cancel your contract in writing with enough advanced notice (60+ days), in accordance with your contract terms. Otherwise, it will auto-renew and you’ll be stuck paying the early termination fee. Check your merchant agreement for your unique terms.

      Good luck!

      • Not Rated
  3. Elavon is a horrible company. I have been with them for about three years now and have continually seen rate increases and misc charges for crap I don’t want or even care about. They add charges to your bill and do not tell you what they are for. I just received a bill that contained a $12.99 charge under the heading of RSPACKAGE. When I called to find out what that was, the rep said it was a NEW monthly charge to help pay for customer service costs. I don’t need their customer service unless THEY screw something up. Time to find a new provider.

    • Not Rated
  4. One of the least trustworthy companies I ever had privilege of working with. I’m not sure where the term “transparency” comes from, but this business does not know the definition of it. Nickel and dime fees left and right, along with variable rates based on cards accepted. This is not what I signed up for when I went into my bank and requested credit card processing service for my business. The $195 service cancellation fee was a nice gesture on their part as well. I have not been this upset with a company’s business ethics. I

    • 11111
  5. Hello, stay away from Elavon, they wont release me from a expired cosigned contrant and I havent worked fo UberRoofing in 6 months and they are blaming me for [edited: name removed] debt of 8000$. I have done everything to say cancel and repeated harrassment. I just dont know what to do! no one wants to help. stay away.

    • Not Rated
  6. Elavon, in collusion with McDevitt Car Sales of Mill Road in Dungaloe, Co. Donegal, Ireland, attempted to extort a 3.5% commission from me on a tank of petrol. The service station converted my purchase into US Dollars without my consent, charging the fee on top of the purchase.
    When I complained, saying I was paying in Euros and did not need their high-priced currency exchange (thank you very much), they refused to refund my money. Fortunately, I had not yet endorsed the “consent by signing” sales receipt.
    My complaint to my U.S. card issuer triggered an immediate refund.
    I feel it was dishonest not to offer me a choice of paying in Euros, and reprehensible to refuse to _voluntarily_ refund my money. I expect they earn a fortune scamming inattentive, gullible tourists.

    • 11111
  7. This company just steals for small businesses just charge me %5.95 of large transaction, $5000.00 charges, when I called them and told them my rate is %1.67 and why do you charge me %5.95.They never told me they can charge this much, this is Highway robbery. I am going to take them to small claim court.

    The rating for this company should be F–

    • Not Rated
  8. We switched to Elavon because of the low rates and we were getting raped by our chartered bank merchant services. We had no idea what was coming our way. At least the bank just charged really high fees. They took their fees and went on their way and built skyscrapers in Toronto.

    Elavon is a whole different animal. I returned a damage deposit through the phone system for $600. Elavon took $1200 out of our account. I was sick and called them to fix the problem. They said I ran it through twice. Um – no I didn’t. The first time it was declined. The second time it went through. They do not provide confirmation numbers so you have no reference number. I was told I could call the bank in China if I wanted to. So I stopped accepting credit cards in my business and Elavon charged me for the change in volume – back dipping into my account for providing no service. I put a stop payment on them but they are forever scanning my account.

    Last week I received a notice from them saying I was seriously delinquent in my account for $23. How could this be? I had never received a bill from them? You can’t pay a bill you don’t know you have. They continue to scan my acoount and the bank debits my account a $10 stop payment fee every time. So I went to the bank and said STOP! This week I received another letter from Elavon saying they would ruin by ability to ever accept credit cards again if I didn’t pay $23. Is that not extortion? I have sent them a letter advising them I will happily pay my account with an invoice for a legitimate service. I offered that they can email it for faster turnaround. It will be interesting to see if there is a legitimate reason for the amount. DO NOT get involved with this company! The dipping into your bank account for unexplained reasons will never stop. They work by theft and extortion. It is worse than having a loan shark.

    • Not Rated
  9. I have worked with various credit card companies. An elevon representative made all sorts of promises and offered all of these great rates if I signed a 3 year contract. After 2 months or so, the changed the rates. They then added about 300$ in extra fees throughout the year. When I complained, they told me that It was in the fine print that I would have to pay any extra fees. Yet they couldn’t explain what exactly the fees were for. After 2 years, I decided to cancel early. It is a 14$ a month charge not counting any fees, and I could use intuit or square for free. I called the company and asked to be removed. They agreed. Then 3 months later I noticed they were still taking out fees. I called again but they couldnt find my account and suggested I call the bank because they werent the ones taking out the fees. I call my bank, it’s elevon. It takes me a couple months to find the time to call them and sit on the phone and hold for over an hour. I try and cancel again. This time, they finally find my account, then tell me I had to fill out paperwork and fax it to them. I ask why I wasnt told this before? They treat me like I’m lying. I ask if I can have the fees removed, they say no. I fill out the paperwork and fax it. They receive it, send me an accepted fax…. YET! I am STILL having money taken out of my account. Worst company ever. Thieves and liars.

    • 11111
  10. We had to go to the bank and stop payment to get them to stop sucking over-charges from our account every 5-10 days. For 3 years I called, asking for details of the charges. I was constantly told someone would call me back. Nobody ever did. And they haven’t given us a statement in 3 years either..
    When they updated our machine, they cut our old one off first without telling us, causing us a very stressful week of waiting for a new one. The new one didn’t work and it took a few more days to “configure”
    We had purchased ours so I asked if there was a charge to upgrade. They said of course not.
    Then as soon as the new machine was installed, $200 sucked from our account again. When I called, I was told it was for the upgrade.
    I had enough, put a stop payment on my account and then quess what. Those people who wouldn’t call for 3 years, started calling EVERY DAY.
    One sided-classless, horrible, stressful, unfair, illegal operation this is. You will regret it for all time.

    • 11111
  11. Elavon continued to bill me for 4 months after I called in and closed the account & sent in the POS machines. It was only after repeated calls & sending in an “account closure form” that they stopped monthly billing of my credit card. Poor service!!

    • 11111
    • SAME problem with me. Only Ive sent in the forms and they are STILL billing me. I have fought with them on the phone various times and theyre rude. ITs been 6 months of billing me!!

      • Not Rated
  12. My experience with Elavon is a nightmare. They sent me a terminal that did not work. After several hours on the phone, trying to get it fixed, the representative declared that the equipment must be broken. He offered to send another. However, I told him not to, because I needed it for that three day weekend. I lost sales because I did not have a credit card reader. The following week, Ireceived a second machine (even though I said not to send one because it would not arrive on time). I called and spoke with [edited: name removed].. She said to return both machines. Later, I saw that Elavon took money out of my account for these two machines. I asked the bank to fix that problem. The bank is still trying to resolve that. The next month, they took another withdrawal from my account. DO NOT DO BUSINESS WITH THIS COMPANY. The issue still has not been resolved. The bank said I will have to close my account to stop the company from taking more money out of my account. This is fraud. They did not have my permission to take money out of my account for nothing. They did have my permission to take money out for the service and equipment — the they never provided the service and equipment. This is blatant Fraud. Three people in the company knew that the equipment did not work. I am rating them a one star only because they don’t have the option for no star (without being assumed that no star means no rating. This is a nighmare! And it still is not resolved.

    • 11111
  13. My experience with Elavon (via Costco) is turning into a nightmare. They sent me a terminal that did not have an ethernet connector like it was supposed to have. We were able to hook it up to the only phone jack after unplugging our wireless phone base at the back of the store then we discovered that debit was not configured. Two service calls later after about 30 to 60 minutes wait each we had a new terminal on order and the debit issue resolved but we still had to swap phone/terminal at each transaction and walk to the back of the store. Four days later the new terminal arrives (after the weekend) and it works fine except for debit. After a couple of hours on the phone it was not resolved and we were informed that only the day shift had the resources to fix the problem. A total cluster fail. If it weren’t for the low rates I would dump them in a heartbeat.

    • Not Rated
  14. I too have become a victim of this companies unsportsmanlike tactics.
    We tried to leave our present credit card processor but would not let us out of the contract so we tried to contact Elavon to cancel, not happening. The first month they took out 147.00 from my account and did not do one thing give me any equipment or provide any service except for releaving me of my money, but that does cost.
    Right now [edited: name removed] is working on the problem and may get some resolution. They will cancel me for 200.00, lets figure this out they have taken the first 147 and now want 200.
    However it may be a deal since I do not want to ever see this name again.

    • Not Rated
  15. As of September 2012, Elavon no longer has an Early Termination Fee. The philosophy is to maintain clients with outstanding service and competitive pricing and not a prisoner due to penalty for early termination. As an Elavon Account Executive, this speaks volumes to Elavons’ reputation.

    • Not Rated
    • That’s not true. I just spoke to them on the phone and they said that my termination fee is $250. then they didnt cancel it and kept charging me a monthly fee. That speaks volumes about this company.

      • 11111
      • It’s true for new customers as of that point. It’s based on the contract that you signed. If the application you signed had a contract with a cancellation penalty for a certain duration then it remains in effect. If you sign a contract after the date when they quit doing such penalties then you don’t have penalties. I would think that would make sense. Some people have other expectations I guess.

        • Not Rated
  16. Don’t use Elavon I had them for many years when then they started to raise my rate. When I called about it they told me I was considered high risk and they couldn’t lower my rates. I have NEVER had a charge back. I am a small company and when they first raised my rates I started to encourage my clients to pay with check or cash. When my volume dropped off they raised it again. I called again and was told they couldn’t lower my rate.

    Then I found a new Merchant account with a much lower rate, and a much lower monthly fee. After trying the new company out for a while and being satisfied I called to cancel my account. I was told they would send me the cancellation form to fill out and send back. It never arrived. I looked on their website and couldn’t see it. I called back and they said they would send it again. IT NEVER ARRIVED. I received another statement though. Finally I found the form another customer had posted online. I filled it out and sent it back. The account is still open and they say they haven’t recieved the form to close the account.

    This time it is going out certified mail.

    AGAIN DO NOT USE ELAVON

    • 11111
    • I have tried to send mine in twice so far and have spoken on the phone with them various times. I guess the deal with them is that they refuse to cancel accounts and just keep stealing from us forever. WORST COMPANY!

      • 11111
  17. NEVER lease a terminal from LADCO!!! 4 year auto-renewing lease, during the first term of which you will pay easily 10 times the cost of purchasing your own equipment! Just buy a new, up-to-date POS outright (Make certain that it is a model of equipment supported by them or whatever processor you choose before you buy). Elavon is as good as any large processor I know, but the sales channel/rep you choose or happen to get can make or break the whole deal. COSTCO offers a lot of value for a low price. Most bank reps gouge their merchants on pricing and offer little to no added value or support for the extra $. If the Elavon customer service rep you get is not knowledgeable or helpful, you can ask for their supervisor to get more qualified assistance with more authority to make things happen … Last reported Elavon direct PCI fees were annual $55 for dial-up POS & $175 for anything processing via internet or IP phone lines; noncompliance will run you $25-$30/month, so make sure to stay compliant! That’s my input from several yrs in the processing biz with some internal & external exposure to Elavon …

    • Not Rated
  18. I’ve had nothing but a nightmare experience with Elevon & Ladco! Still living on a hope and a prayer that they don’t destroy my small business.

    To start with, Elevon couldn’t get my account number right in their system and had my company name wrong in their database. They had two weeks to get this straightened out – not enough time? This is my wallet we’re talking about.

    This was enough to creep my out and search for another merchant service provider.

    That’s when Ladco proudly stepped in with their unethical practices and thievery. They’ve obviously got my account number right as they greedily helped themselves to charges and ficticious fees from my account. (Keep in mind that their equipment has been sitting in its original packaging next to my desk waiting to be picked up for over a month. Never, not once, plugged in.)

    I’ve never signed a contract with either company (although I’ve endured Ladco’s unique customer service tactics of screaming that I did when I called).

    I was hooked up with these two companies by USBancorp’s Private Client Group Division. Nothing has been achieved as yet but a lot of a lot of shoulder shrugging and passing the buck at my begging and pleading to please make these parasites go away.

    I can’t stop them. I can’t get out from under them. I can’t make them go away. I owe them nothing. They’re like a nasty rash that no medicine will cure.

    If you’re in dealings with them, best of luck to you and please pray for me as well.

    The worse part is what they do is “Legal”!

    • Not Rated
  19. Costco Elavon is the best!! I’ve had great experiences. Honest, in my opinion!! Don’t understand why your having this problem, but I love my rep. They don’t bill you an arm and leg for early termination anyways. And if your saving money who cares about the 2 year agreement anyways. $95 is ninety-five!! Bottom line its a savings!!

    • Not Rated
  20. we were running new wires under our desk when we unplugged the terminal we did our thing and we plugged the terminel back in and a tampering screen came on now we had black out s and we had to reset no problems thier but why did the system read tampering for down time was 1/2 hr tops of corce it was on a weekend the guy after asking 4 times ,told us we need a new terminal i say , no no no just from unplugging it ,159.00 for unplugging an plugging it back in excuse was it happens sometimes 300.00 new unit 159.00 refurbished for unplugging only in america i tell ya we now do cash only if thats how they want it its there product that failed an we own it , not to happy here in florida

    • Not Rated
  21. Rate reviews are easy to get. Just call your customer service number and ask for one. You can probably get your rates lowered just by asking.

    • Not Rated
  22. You’re kidding me, right? Eleavon has an A+ business rating but they are the owners of Ladco Leasin, which is a predatory, villainous “company” that preys on the trust rlationship between merchants and their own banks. I personally wanted to take credit cards in my business and Key Bank here in Pawling, NY sent me a merchant services rep who slick-talked me into signing a contract that I thought was legit. A week later I get the terminal and a letter from Ladco Leasing that I am in a 4-year lease for a credit-card terminal that’s worth 1/10th the cost of the lease. There’s no breakdown of the lease at all, no interest rate or anything that shows me the details of this so-called lease. Doing a search for “Ladco Leasing” brought up hundreds of complaints against this ratbag company for exactly the same thing: Merchants trust their bank, so they sign the contract usually without question. Ladco needs for this exact scenario to happen so they can then attack the merchant’s bank account with ACH withdrawals. Trying to cancel the “lease”, even within the first 30 days, is fruitless, as they now have your routing and account numbers and can withdraw at will. I am still in the process of trying to get away from these clowns, and simply because I signed a piece of papaer that my bank rep told me was ok, I am going crazy trying to get away from these predators. The only reason the BBB hasn’t done anything to them is because they fly under the wing of Elavon which has a good rating and somehow it extends to them. There are literally thousands of complaints against Ladco but no one seems to want to do anything to them for this travesty. However, I have heard that there is a large class-action lawsuit being drawn up for fraudulent business practices and misleading conduct on the part of the bank reps. I have the feeling their ship is about to take a cannonball to the stern very soon and I certainly hope so.

    • Not Rated
    • A local Bank of the West employee here in Wichita Kansas approached me with a sales pitch that would save me money when compared to my current cc processing company. The person came across as their merchant services and further led me to believe that the services would be through the Bank of the West. After talking more about the services with a Bank of the West employee in Nebraska via phone , I signed a contract. Someone later was supposed to call me and give me an orientation and get me set up. This never happened. I continued on with the company I was doing business with at the time. As time went on, I called the individual a number of times in Nebraska, who never returned my calls. I later noticed several times money being withdrawn under the name of Merchant Services, I associated that name with the company I had been doing business with and never thought twice about it. I became suspicious of the debits in late 2012 and learned that it was coming from Elavon, after having my bank and First Data (our current processing company) do an inquiry of the numbers attached to my bank statement debits. When I called Elavon they gave me a run around answer and said that I had signed a contract. They skirted the issue that they had never processed one credit card since my signing of the contract. During this period of 1 1/2 years, my current cc processing company that I have had for at least 3 years had processed every cc sale the company had while Elavon was debiting the company’s bank account. Bank of the West is blaming Elavon and saying they cannot do anything because the Bank does not process cc’s . The Regional Manager of the Bank stated to me on March 20th 2012 that the Bank of the West has a partnership with Elavon. Hmmmmm, can the Bank have it both ways when they acknowledge a partnership and use deceptive practices to sell a merchant account to businesses? I have retained an attorney and will go after the Bank of the West and Elavon as much as legally possible. I would like to know more about the pending class action suit and be able to contribute what I can. This company along with the local Bank branch should be held accountable for misleading information and stealing from local small business’.
      Only in numbers can we stop this. Please contact me at les@windheaven.com and let me know your situation with a local seller of Elavon and your

      • 11111
    • Here’s the cold hard truth. I’m one of those guys who actually sets these accounts up, so I know exactly what the paperwork looks like. HOWEVER, I was also a branch manager for a bank that referred customers to reps that set my customers up with accounts and I had customers feel the same way you do – that they weren’t aware of what they had gotten stuck with. Now, as I sign customers up, I make sure they are aware of exactly what they’re signing. BUT, here are the facts. Elavon gives the option for people to have their existing terminal reprogrammed, a new one purchased, a lease done for a new one, or a bundle set up which includes other products and/or services packaged together and considered a lease in that package. Ultimately the best deal for many businesses would be to reprogram their machine or buy a new one but there are times that it’s not the best option. The question is what makes the most sense for the customer. There are cases for each option being the best for different customers. The sad thing is that all too often the wrong option is sold to the wrong business for the wrong reason. This IS NOT just an Elavon thing. As a sales rep I see this a lot more often with customers whose business I am trying to get away from competitors than when I am reviewing the accounts of actual Elavon customers. Elavon does strongly push for ethical sales tactics. Elavon’s applications at least today include a place where customers have to initial acknowledging that they are aware that they are accepting a NON-CANCELABLE lease for “X” months at “X” price per month. If that same clause is on an application that anyone is disputing or complaining about then I’d be a bit concerned about what other things they may have signed throughout their lives. I’m sorry you had this horrible experience, I really am. Keep in mind that in an industry that seems like it’s full of used car salesmen types, Elavon does try to stay above that level but I’m not naive enough to think that there are not those among us that do indeed do things they should not. We try to get rid of those as soon as we find the issues. I’d say your experience is more of a bad salesperson experience and now being held accountable for what you signed than it is a bad experience with the company. That’s my cold hard fact opinion that’s hard to accept probably but it’s probably true.

      • Not Rated
  23. I will never do business with them again as soon as I can get switched! They have pulled unauthorized charges out of my account for 3 months in a row. All related to the PCI fee. They are “having system problems” that are to blame and yet no one can seem to fix it. If I can ever get the account straight I am going to switch. Terrible accounting on their part and terrible customer service in keeping it straight.

    • Not Rated
  24. Elavon charges me 5.32 % for processing the unqualified credit card charges. I think that is very high and I am looking for a different company to process my charges.

    • Not Rated
    • Request a rate review. You can have one every six months but you have to ask for it. If you have an offer from a competitor you can submit this with your request to see if it can be met or beat.

      • Not Rated
  25. It seems like it’s just part of their “co-branded merchant program” as outlined here:

    http://www.elavon.com/acquiring/channels/financial-merchant.aspx

    As opposed to their “white label merchant program” which many other ISO’s use. One easy way to find the while label ISO’s is to just do a Google search for “Accepted by Elavon, Inc” (include the quotes) to find any website that has a link to a merchant application with Elavon as the acquirer. Since Google even searches within PDF’s and Word Doc’s, you’ll actually get decent number of results.

    • Not Rated
  26. Nice review.

    As an FYI, Elavon’s Costco program doesn’t currently have a fee for PCI compliance.

    Not sure how long that will last, but it looks like Costco is helping out their members on that for a while.

    http://www.elavon.com/acquiring/costco/

    • Not Rated
    • I’m not really sure why the link to Elavon was deleted since this review is ABOUT Elavon.

      But if you are a Costco Member, they have a great program for us. Just Google Costco and Elavon and the site will come up.

      I wasn’t spamming with a competitive site. I was actually saying, I agree that Elavon is a very good company and has an additional program that could be of benefit.

      This may be edited too, but whatever, it’s your site.

      • Not Rated
      • Mike,

        I re-added your link for now, but keep an eye out for an explanation of why I removed it in the first place.

        I appreciate your understanding.

        • Not Rated
        • Mike,

          Generally reseller’s of merchant services would be considered separate entities especially if they have their own sales/customer service departments. It seems that Costco’s relationship with Elavon isn’t setup that way. So long as Costco doesn’t handle any of the sales and customer service aspects of the business, then yes, Costco’s merchants services can be considered synonymous with Elavon’s. I’m going to look into this a bit more, and see it that’s the case.

          I’ll be in touch.

          • Not Rated

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