PayAnywhere Review

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Date Established
Troy, MI


Mobile processing is getting awfully competitive these days. If a company doesn’t offer a truly unique product or service, chances are they won’t be able to compete with Square, the head honcho of this industry. I think PayAnywhere has struggled with this in recent years, but 2014 was a big year full of changes. They have a new draw: a free tablet and integrated stand! Sounds pretty awesome, right? Well, let’s find out.

PayAnywhere was established in 2010 by credit card processing company North American Bancard. NAB is based out Troy, Michigan and has been around since the early 90s. In the beginning PayAnywhere just felt like a knockoff of Square, but without the refined and sleek appeal. And, beyond that, PayAnywhere has historically suffered from the same shortcomings as Square – namely lackluster customer support and poor account stability, with long-term funding holds common.

With PayAnywhere, it at first appears – based on the Terms and Conditions – that you have to sign the same contract you would if signing up for service directly through North American Bancard. Your fees and rates would be somewhat different, of course, but aside from that you are making the same level of commitment. This is different from the way processors like Square handle their contracts, as they generally have a more limited scope. But here’s where I get confused. The benefit of signing on via a traditional merchant agreement should come in the form of better account stability and a lower likelihood of funding holds.

If you look a little deeper, however, you see that their is a separate User Agreement embedded within the Terms and Conditions that specifically spells out PayAnywhere’s role as a Payment Service Provider, which tells you that they are serving as an aggregator and not a traditional account provider. It seems that in some instance an normal merchant account is established, though.

Beyond the normal shortcomings of a mobile processing account, I have a few additional worries for PayAnywhere. First, I’m worried by their independent salesforce. NAB makes big promises of cash bonuses to agents who sell “free tablet” accounts. This worries me because (a) that money must be coming from somewhere, and (b) it might encourage agents to be less than completely honest about overall cost and contract terms. Along those lines, I’m also not particularly impressed by some of the fee information for PayAnywhere (read the full review for more info).

Some merchants will find a uniquely awesome deal with this service – but many other will not. My advice to you is to be careful and make sure that this service will work for your processing needs, especially if you are interested in the so-called “free” tablet.

Good luck, and check out the in-depth review below for a complete analysis! To compare PayAnywhere to its competitors, check out this handy comparison chart.

Products and Services:

  • Tablet and stand rental: This is the major new selling point PayAnywhere provides. Since so many of Square’s features are iPad-only, and iPads are pretty expensive, a lot of merchants are left looking for another option. PayAnywhere gives you a free tablet. It’s not an iPad. Actually, it’s a custom android-based tablet made just for using the PayAnywhere system. You won’t be able to play Angry Birds on it, but it will do an excellent job running the payments app. Also, Square charges about $100 for its Square Stand. With PayAnywhere, the stand is built-in and comes free. I should mention that this is only “free” as long as you process over $5000 per month. If during any month you process less than that, you will be charged an additional $79 that month. Be aware, though that you will be responsible for paying the full price if you damage the equipment – about $900.
  • Equipment rentals: if you are using the tablet/stand combo, a cash drawer and receipt printer can be rented separately for about $10 each monthly.
  • PayPal acceptance: Along with Visa, MasterCard, American Express and Discover, you can also take PayPal payments with PayAnywhere from within the app.
  • Unlimited sub-users: A great feature for businesses with large sales teams, many mobile providers allow multiple users accounts, but most limit the number.
  • Next-day funding: In most cases you should have access to your funds within 24 hours, but I’ve seen reports of deposit delays.
  • In-app and online reporting: This allows you to track your sales and learn more about the spending habits of your customers.

PayAnywhere App Features:

  • Accept credit and cash transactions
  • Custom discounts, tips
  • Include tax by location
  • Inventory management with descriptions, images, categories (no count feature)
  • Email receipts
  • Unlimited sub-users
  • In-app reporting plus online reporting
  • Free headphone jack reader or free tablet/stand/reader rental
  • QuickBooks integration

Fees and Rates:

Storefront Plan – $5,000+ per month (monthly fee, includes tablet and stand rental)

  • Monthly fee – $12.95
  • Swiped – 1.69%
  • Business/Rewards – 2.69%
  • Keyed – 3.69% + $0.19

They do not disclose their PCI compliance fee here, but within your contract you will see it assessed at $79 annually. This will be charged within 90 days of your account approval.

If you don’t read the fine print, you might miss this fee:

  • Minimum Volume Fee $79.00/mo

This is a pretty substantial penalty. If you don’t process at least $5,000 in card transactions every month, you will be charged this fee on top of your normal fees.

By signing up for the tablet placement program, merchant represents and warrants that it processes at least $5,000 per month in Visa/Mastercard/Discover/American Express transactions (the “monthly target amount”). If merchant does not meet the monthly target amount … merchant agrees to pay a $79.00 fee for each and every complete calendar month that merchant’s monthly processing with the equipment does not meet or exceed the monthly target amount.

Mobile Plan (pay-as-you-go, includes card reader)

  • 2.69% for all swiped transactions
  • 3.49% + $0.19 for all keyed in transactions
  • No monthly fee
  • No PCI Compliance fee

Other Fees:

  • Chargeback fee – $25 every time someone charges back a transaction.
  • NSF (Non-Sufficient Funds) fee – $25 whenever PayAnywhere tries to debit your account but you don’t have the funds.
  • Retrieval fee – $15 every time your customer or your customer’s issuing bank requests a copy of a sales receipt for any given transaction.

If you choose to rent equipment, the following fees will be assessed:

  • Printer rental monthly fee – $14.95
  • Printer and cash drawer rental monthly fee – $19.95

Customer Service and Support:

PayAnywhere offers 24/7 phone support. However, judging from the negative reviews,  the quality of that support is debatable. I called them myself to see how the phone support was, and I wasn’t impressed either. I was put on hold for over 15 minutes before I was finally able to chat with someone on the phone. Their live chat service isn’t something to brag about either. After waiting for an operator for 45 minutes, I finally gave up and cancelled the session. I figured this was a one-off situation so I tried the same thing the next day and was placed in their queue for another 30 minutes. Not exactly speedy service if you ask me.

In addition to phone support they also offer:

  • Email Support – If you’re not having any luck via phone or live chat, try emailing them. I emailed them in regards to the chargeback, NSF, and retrieval fees. It took them about 24hrs to respond with an email stating that, “The information that you requested is not available through email…” Rather, they suggested that I call in. Really? It’s such a simple question.
  • Knowledgebase – There’s a help center listed on the PayAnywhere website which you can also access through the mobile app. It’s nowhere near as in-depth as the knowledgebase offered by Square, but it is useable.
  • Youtube Videos – They have a bunch of Youtube tutorials that can come in handy if you need a visual walkthrough.
  • Social Media – PayAnywhere is active both on Twitter and Facebook, so you can reach out to them on those channels if you like. It would be nice if they had an account dedicated solely to customer support related tweets.

Negative Reviews and Complaints:

PayAnywhere’s has a seperate BBB profile from North American Bancard, their parent company. is actually fairly clean. They have an A+ rating with 159 complaints in the past three years, 57 of which occurred in the last year. This is fair number of complaints, but at least they have remained stable for the last three years, with about 50 complaints for each 12 months. Unfortunately, no details are available for any of these complaints.

I read quite a few complaints about PayAnywhere over the course of this review. I pulled data from several different sources including iTunes and Amazon reviews. Based on that research I was able to dig up a couple of major complaints about PayAnywhere:

  • Withheld funds, freezing of accounts, and termination of accounts –  PayAnywhere seems to be pretty trigger happy when it comes to suspicion of fraud. There were a bunch of complaints from unhappy business owners claiming that their funds took too long to reach their bank account, and an equal number of complaints about frozen or terminated accounts. This is definitely something to be wary of, especially if you think that your business falls into the high-risk category. Don’t make the mistake of thinking the your e-cigarettes business won’t have any problems with using PayAnywhere. You can also learn how to avoid holds, freezes, and terminations here.

This is what PayAnywhere has to say in the Agreement:

Suspension/Reserve/Recovery/Pooling of Funds: PA may temporarily suspend or delay payments to you or withhold or reserve your funds in order to secure your performance of your obligations to PA. This action may arise for any reason, including the occurrence or suspected occurrence of Transaction chargebacks or refunds, for which you are responsible. A chargeback will occur if the Transaction (a) is disputed, (b) is reversed for any reason, (c) was not authorized or PA has any reason to believe that the Transaction was not authorized, or (d) is allegedly unlawful, suspicious, or in violation of this Agreement. The amounts suspended, delayed or reserved shall be initially determined, and may be increased or decreased, in PA’s reasonable discretion as necessary to cover potential financial exposure on the part of PA. You grant PA a security interest in and lien on any and all funds held in any such reserve, and also authorize PA to make any withdrawals or debits from such reserve, without prior notice to you, to collect amounts that you owe PA. This security interest survives for as long as PA holds your funds in reserve.

  • Poor customer service – Another common complaint was in regards to PayAnywhere’s customer service, more specifically, their phone support. There were too many complaints for me to ignore this one. I personally didn’t have the greatest experience with their support either. Although their phone support was good, I had to for over an hour to speak to a live chat representative.

A less frequent complaint was:

  • Hidden fees – If you read the “Fees and Rates” section above you’ll know why there were a few complaints about this.
  • Annoying banner ad at top of customer receipts – If you’ve looked at customer receipts you’ll know that PayAnywhere likes to advertise themselves right at the top. Really guys? They’re my customers, not yours.

Positive Reviews and Testimonials:

Here are the most common positive reviews that I read about PayAnywhere:

  • Easy to use – There were plenty of comments about this one.
  • Nice features – A lot of people like the inventory itemization feature.

That’s about it. There wasn’t anything else that really blew people away about PayAnywhere. It’s a good mobile payment option with good features…end of story.

Final Verdict:

For a certain subset of merchants, I can see certain aspects of the PayAnywhere system being very successful. The free tablet deal is certainly unique among similar competitors – but I’m afraid only a small number of merchants will find this offer satisfactory. It only really makes sense if  you:

  • Will be processing over $5000 per month every single month
  • Don’t need inventory count ability
  • Are not interested in POS customizability or add-ons
  • Want a tablet-based POS but don’t want to purchase a tablet

If you end up paying the $79 fee, which is ostensibly a rental fee on the tablet/stand for low-volume merchants, then it quickly becomes a very bad deal indeed. So if you foresee the possibility that you might occasionally fall short of the $5K monthly volume, please don’t sign up for the “free” tablet option.

All in all, it’s not bad for a free software and free-rental hardware. PayAnywhere has a pretty unique offering here, but I consider it a budget option, and not necessarily the best option if you can afford to upgrade.

To compare PayAnywhere to some of our favorite mobile providers, check out this comparison chart. Good luck in your search!

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.
Tom DeSimone
Leave a comment


    Shannon Clary

    DO NOT USE THEIR CUSTOMER SUPPORT!! I WAS HACKED BY ONE OF THEIR CUSTOMER SERVICE REPS. I called customer support for an issue I was having with the app and was my checking account was compromised and had to be locked due to fraud activity.

    RatingNot Rated

    I called in to up my daily limit and they cancelled my account for no reason. What a bunch of assholes! DO NOT DO BUSINESS WITH THEM!

    chuck k.

    Even though my limit got ironed out ,it took way too long and too many incompetent people behind the scenes . I used them one time ,and it was a horrible experience . Hard to find anyone competent to answer any questions that works for PayAnywhere . My experience left me dealing with a bunch of what seemed to be adolescent girls who were PMSing .
    Used them once and never will again.Found another place that blows these guys away with service and information.


    Who did you find that you like ????

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    charles kocinski

    The biggest mistake Ive made was to consider giving this a try ,then actually getting signed up. Not only was I not given clear cut information from the start but consequently left on hold for long periods of time . If i was aware of the hoops that need to be jumped through to receive money in access of $100 then I would have opted for a check from the customer. I had to wait for over 15 minutes first time and second time about the same so I hung up. I would NOT try this “Pay anywhere” ever again if faced with collecting money issue ever .I will accept checks all day long. I feel like I have to put in a long 40 hour work- week of phone calls just to get 1 payment . Its been 5 days and still no money in my account . Stay clear from “Pay A Lot Later”

    J. Powell

    I decided to open an account a few years ago because of the number of CL transactions i do, and as a payment alternative for the tenants of my rental properties. i tested it using one of my own cards, and everything seemed to work as advertised.

    Jun of 2015, a new tenant needed to make a payment while i was out of town. i offered the PA, and he gave me all of his cc info, everything needed, to include CIV number and billing address. i talked with PA, and they walked me thru the process of doing an authorization without the physical card. a few days later, i receive an email telling me the funds (over 1200.00) were on hold, and they required months worth of bank statement, business license number, contact with the cardholders, my business statement, and that it would most likely take about 3 weeks for the payment to clear their hold.

    keep in mind, it has already been pulled out of my tenants account. at this point, I decided that I would rather just refund it, and gove my tenant a little leeway on the payment(after all, i know where they live, right? lol). so on the 5th of Jun, I refund the money, and everything seems okay.

    today is the 25th of June. My tenants have been telling me this whole time that they never got the money back. I call PA to verify that the money got refunded, and come to find out, they have been holding onto it for 3 weeks. a “computer glitch”. and it will still take another week before the refund will be back in my tenant’s account.

    I would recommend people avoid this company like the Plague.

    Jafar sarai

    Please do not work with this company .They are lair .They are cheating people . For no reason they will charge you and remove money from your bank .Be care full .They are scam . They are cheating many people every day . Please read these comments .If you work with this company you will lose 1000s dollars.


    I have been using PayAnywhere credit card processing service for a year and recently when we had a customer pay $4,750 PA refused to pay me the proceeds. They requested all sorts of documentation including an invoice which they then said it did not match the person paying the bill. Since they refused to give me my customer’s payment I asked that the transaction be returned to the customer and they said they were charging me $167.97 for collecting the money that they refused to give a me and then would charge me another $167.97 to refund it. They are charging me $335.97 for not giving me the proceeds from a sale to my customer.

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    Diana Romero

    I received a promotion from Pay Anywhere to use their swipe card. I have used their swipe card in the past so thought why not. HUGE mistake. This company is a fraudulent company. I had two transactions with pay anywhere where customers paid me and the customers were charged. I am a small business owner and a new mommy so I need the money I work hard for. I have not received my funds and it has been 10 days. The email confirmation stated it would be two days. I have emailed the customer service 5 times with no answer from them. I called the main number today and Marquita simply said my account was closed and transferred me to a voice mail of Nakeita. I will be seeking legal counsel if I do not receive my funds by the end of the week. I will be reviewing Pay PayAnywhere everywhere I possibly can to warn other business owners NOT to use this card swipe. I have been a business owner for over ten years and am very upset that the money I work hard for is being kept by this fraudulent and unethical company.

    Melissa Estrada

    This is the most suckiest company you will ever deal with!!!! DO NOT USE THEM!!! You will not get your $!!!!! We have over a $1000 in transactions and still to this day have not received them!!! I have called 100s of times and get sent from one department to the other and all I get for the reason for them holding my funds is because of an issue on my account!! Still have no clear answer of what the issue is!!!! On hold with them now as we speak!!!! I will be contacting a lawyer today!!!! They are in business to rip small business owners off!!!

    Diana Romero


    I am having the same issue. Did you receive your funds?

    Paul Kruger

    Charges for their own failures.

    On Jan 21st 2015 I processed two charges. The money was NEVER deposited to my bank and after a number of days and exchanges of emails I was told the funds were “on hold” pending an audit and verification.

    I was told the customers would be contacted to verify the validity of the charges. My customers informed me no one ever made such attempt. In a phone call I was told to have my customers call Pay Anywhere and given a phone and extension for a Tara.

    When one customer attempted to call they were told they could not proceed without providing their merchant number. My customers don’t have a merchant number as they are not the merchant but the card holders.

    Since I needed to fulfill my customer’s orders I needed to have the funds in order to pay my supplier before they would ship. My customers were becoming impatient with me due to the delays by Pay Anywhere withholding funds.

    In order to avoid losing customers because I was unable to fulfill their orders on time it was necessary to refund their charges and collect via another method.

    Last week Pay Anywhere debited my company account for $36.50 and claim it was for the transaction fees plus an additional fee for the refund. I repeat, NO FUNDS were ever deposited in my account and they never followed through on verification so there WAS NO COMPETED TRANSACTION.

    I would not trust this company with my business and terminated my account. They wanted to charge me for their failure.

    Paul Kruger

    I have only used them a fairly short time, about a year.

    The first time things went without a hitch. Right now I face losing two customers because I am waiting on foot-dragging in getting funds deposited to my bank so I can order products for customers. Needless to say when my funds are delayed customers complain to me about shipping their products. I can’t ship until I have funds and PayAnywere has recently caused me problems depositing funds.

    They email me asking for copies of invoice. My drivers license, social security card etc. documents they already have from when starting my account.

    Then they say they are waiting on MY CUSTOMERS to call them to verify the charge! I asked them and neither of these two customers were ever contacted about their charge so I sent them the phone of PayAnywhere to call them.

    I plan on closing my account once these transactions are done and stick with PayPal as I have had very few problems with them over a number of years. Now that they too have a mobile app I really don’t need PayAnywhere and their hassles.

    Dave Gilbert

    Having had personal experience with this company, and reading the poor reports above, I can only suggest that anyone considering this company stay as far away as possible. They find reasons to hold your money, make excuses and don’t return phone calls. Repeat, stay away.


    I recently bought this reader so I could take credit from my customers I am a make up artist I did a wedding and got paid $400 of which $360 the customer charged as credit payanywhere “audited” me and asked for my customers information I sent it and then they asked me for a brief description of what I do so I gave them a very detailed paragraph and with no explanation they closed my account saying it was a “Buisness decision” and decided they were going to hold my money for 6 months. They are a fraud company this is how they make there money by auditing people I read the reviews. I read a book about this exact same situation maybe they read the same book it’s called the rainmaker. If they thought they were going to con me out of my money they chose the right one. I told her she would be hearing from a lawyer shortly she said ok well it’s in the contract. I’ll find out Monday even if it is they are running a scam Buisness and I’m going to make sure I get justice.


    Don’t even THINK about using them. They are not legitimate with their bad-faith practices and their love of holding your funds on a whim. Certainly if fraud or unauthorized transactions are suspected you start with the card holder, not the merchant. The credit card company is the watchdog for suspicious activity, not Pay Anywhere, but they enjoy holding your money and collecting interest. I will never do business with this sorry pile of camel dung again.

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    Nhoc Ty

    I plan to open a small Nail Salon, so can you please recommend a merchant service?
    New monthly est $3000 – $6000
    Thank you!
    Nhoc Ty

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    This comment refers to an earlier version of this review and may be outdated.

    Tom DeSimone

    Hi Nhoc Ty,

    If you can get by with a simple mobile-based solution like Flint or PayPal Here, that is probably going to be most cost-effective for you. Of those two, I find Flint to be the most reliable. Both come with no monthly fees.

    If you need something with more options, I’d recommend checking out Payline Data or CDGcommerce. These are more complicated in terms of fees/rates, but would allow you to integrate with the POS/credit card machine of your choice. As your volume grows, these options would end up being more cost-effective.

    Let us know if you need any help getting set up!


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    Nhoc Ty

    I gonna try paylinedata. I will post a review about their service later.

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    thanks for this info! i will try all you suggest… however “palAnywhere is far too much a risk to take just to lose my money.”


    Thank you for your in depth review. I in beginning an online bargain hunters business. I plan to start with one of the online auction sites to build reputation and following. Then graduate slowly to my own website. Both phases will require the ability to accept debit and/or credit payment. Thought pay anywhere was my solution. Now I do not want to use it. Can you recommend a couple POS systems for my review?


    This comment refers to an earlier version of this review and may be outdated.

    Tom DeSimone

    Hi Cami,

    Your ideal payment solutions will differ depending on the specifics of your business, but three to consider might be Payline Data, CDGcommerce, and Braintree Payments. As your business grows and changes shape, you may need to change providers. All of the providers I’ve listed here do not charge early termination fees, so you will not be penalized if you need to change.

    You should be aware, though, that for lower volume eBay stores, PayPal is usually the most cost-effective option.

    Let us know if we can be of further assistance.


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    Hey Im opening a coffee shop and planing on using ipad as pos. which company would you recommend for this. thank

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    Amad Ebrahimi


    I’m going to send you an email right now.


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    This comment refers to an earlier version of this review and may be outdated.

    David Burkhart

    This company is a criminal company, and literally took $950 of my own money out of my Wells Fargo Account. I was given a bad check for $950 by a client. The broker had their credit card as a backup for payment. I started a pay anywhere account(where you give them all your personal information, as well as access to your bank account) to collect the $950. The next day after making the charge, I was called by Pay Anywhere, and told that the customer was disputing the charges, and therefore not only would I not get the $950, they were shutting down my account. Fine, there are many cc companies. One month later, I notice on my Wells Fargo Statement that Pay Anywhere, one month after not paying anything to me, took out $950 out of my Wells Fargo account. Payanywhere claims it was the computer that was the criminal. After not less than 15 calls to Payanywhere, to this day I don’t have my $950. That is a total of $1900 they cost me.

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    I just wanted to thank everyone for their input here, saw one of their ads, was intrigued with their options, as well as their pricing, and as I quickly looked into this company I saw this and several other negative comments, and if you can find this stuff, that quickly & easily, it’s more than a good enough sign to stay away, and I will be doing just that.

    thanks again!

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    This comment refers to an earlier version of this review and may be outdated.

    M. Larson

    This company has the worst customer service ever… glad I never set the account up… phone calls 7-8 times a day starting at 7:30 in the morning. 1st customer service rep Michael was rude … when I said I will be staying with the company I am with and wouldn’t not provide them a name was told “I was cutting off my nose spit my face” because they are the best around with lowest fees… asked for manager .. Supervisor was just as rude… very argumentative… don’t know how to take “I will not do business with this company, cause you are rude and have poor customer service” close the account.. this is after I was called a lair after tell him about the number of calls… well guess my phone records lie too…

    I would never tell anyone about this company and will never give them my business.

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    glenn quattlebaum

    I tried this once. Never again, this company cost me more money by not putting the draft into my account as noted 24hrs. This is not a company to used for credit card transactions. I don’t recommend PAYANYWHERE to any business. Find another way. Very unhappy customer.

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    Van Voss

    Do not deal with this company it is the worst ever. I set up an account and ran my first payment and they wouldn’t let it go through. When I called they said they don’t deal with my type of business??? They okayed everything through the application though??? I then had to call my client and tell them I would have to refund them and then charge their card how I normally do it. I was told it would take 7-10 day to reverse by one dept. and 2-3 day by another dept. No one knows what is going on with this company. Go to Amazon and read all the bad reviews as well. There are many other creditable companies out there that offer this same device, do not deal with this sorry company.

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