Chase Paymentech Review

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Date Established
Dallas, TX


Headquartered in Dallas, Chase Paymentech is a serious contender in the processing industry. As an acquirer, it’s a bank that handles both the establishment of merchant relationships and the actual payment processing. All processors work through an acquiring bank, but not all processors are acquiring banks. Cutting out this middleman can, in some cases, translate to really high-quality services.

To give you an idea of how big they are, Chase Paymentech processed over $750 billion with more than 35.6 billion transactions in 2013. It serves more than 280,000 merchants. That is simply huge.

Chase Paymentech was originally Chase Merchant Services, which then merged with Paymentech, Inc. I guess they decided to try to get the best of both worlds in terms of brand recognition and simply sandwiched the two together. I don’t really think it has a ring to it, but hey — that’s why they make the big bucks.

For a company that has processed well over a trillion dollars in the past three years alone, I was surprised to find very few complaints and an overall downward trend in complaints. Chase Paymentech has hundreds of thousands of customers, yet the complaint numbers are lower than companies half its size. And since people are more likely to complain than praise, that’s really remarkable news. This tells me that they have a well-trained sales force and that independent agents are well-regulated.

The upside to going with Paymentech is that you’re going directly to the source. There will be no middlemen, which means you’ll be able to negotiate better rates. Remember to always ask about interchange-plus pricing and, for the best results, always make sure you’re dealing with Chase Paymentech directly, and not through a sub-ISO that’s reselling its services. While it looks like Chase’s resellers are doing a good job, you risk not getting the terms the parent company commits to.

Attention Canadian Merchants: I’ve heard a lot of good things about the Chase Paymentech Canadian branch. There are only a handful of Canadian merchant account providers (including Pivotal Payments, Moneris and Beanstream [e-commerce only]) and Paymentech is definitely a contender for the number one spot. So if you’re a Canadian merchant, check Paymentech out.

In general, I really like Chase Paymentech. The company has a solid reputation and overall decent business practices. While I don’t think it could possibly give you the level of personal attention you’d get from a smaller processor, the lower rates, and state-of-the-art technology might be enough to make up for it depending on your business and your ideals. I give Chase Paymentech 4.5 out of 5 stars for its excellent terms, solid business practices and the overall straightforward and fair approach.

If excellent customer service is what you’re looking for, check out our comparison chart for the best processors in each category.

Products & Services:

  • Merchant accounts
  • Gateway/virtual terminal: Chase took home the Judges’ Choice Award for Best E-Commerce Platform/Gateway at the 2015 Card Not Present Awards. Just worth noting if you’re looking for a solution.
  • Terminal rentals/sales: Chase offers credit card machine rentals, which are much better than non-cancellable leases. The company also sells equipment, including NFC- and EMV-capable machines. Make sure to shop around before you buy. You don’t have to buy a terminal through your processor if it’s not a good deal! Be aware that if you choose to rent your machine, you must return it promptly when your service ends or else you will be charged for the retail cost of the equipment.
  • Support for Apple Pay and other NFC-based transactions: Chase Paymentech now supports Apple Pay for face-to-face transactions through its Future-Proof Terminal. For in-app sales, an Apple Pay SDK is also available.
  • Online reporting: This is a pretty basic service, but it looks like Chase executes it well. Find out more here.
  • Mobile processing: Use the Chase Mobile Checkout POS app and card reader for processing and reporting with your phone. Learn more here, but be sure to read that fine print at the bottom of the page when it comes to the “free” reader.
  • Touchtone processing: When all else fails, Chase offers the capability to enter credit card info from any touchtone phone, no Internet required.
  • PayPal processing: You can process payments from PayPal or PayPal Credit directly through your Paymentech merchant account.
  • Level II/Level III business processing: See here for more info. Basically, it’s a way to get reduced rates for business-to-business (b2b) credit transactions.
  • Gift card programs
  • Recurring payments/account updating
  • International payments: You can accept payments in more than 120 currencies, which is great for global retailers.

Fees & Rates:

Chase Paymentech has started disclosing some of its fees and rates on its website. Thumbs up for transparency — that’s what we like to see! Here’s what the page says about its simplified pricing structure:

  • 1.65% + $.25 with your existing equipment
  • Applies to Qualified Credit, Signature Debit, and Rewards Card swiped transactions

Note the word “qualified” there. That means you might still see higher rates on non-qualified transactions. But this is what Chase says about its pricing:

“With Chase Paymentech, credit card processing fees are easy to understand and it is simple to determine how much you are spending each month. We want to make sure you know what your processing costs are and how they are calculated. There are no hidden fees.”

It’s not uncommon for some of the shadier processors to advertise a flat rate but charge more than that thanks to various fees and hidden charges. However, we’re not finding any sort of evidence of this based on your remarks. That’s a good thing. I’m also a fan of the comprehensive how-to guide for reading Chase statements. This is an important issue for merchants, to ensure that you’re being treated fairly.

Also new to the site is the explanation of interchange-plus that we were hoping to see, but it’s a bit general. You can find that here. That said, Chase does offer interchange-plus plans and seasonal downtime to most merchants.

In keeping with its commitment to no hidden fees, Paymentech doesn’t charge any PCI compliance fees. This is good, as the PCI fees tend to catch merchants unaware and can be a point of contention.

Contract Length & Early Termination Fee:

If you have an existing contract with Chase Paymentech, you probably have a three-year agreement with a $300 or $350 early cancellation fee. You’ll find this arrangement from most processors. Chase has also started offering month-to-month agreements, which means no cancellation fees! We are always happy to see this option. You’ll still sign a three-year agreement, but nothing is stopping you from terminating it. Just make sure you follow the steps for cancellation.

If you’re a higher-volume merchant, Chase might include an early termination fee in the contract as a trade-off to help you get the best rates, but that’s always negotiable. Still, be sure to ask about it and to review your contract carefully. Resellers and independent agents may tack on their own early termination fees, so we advise you go direct to the source — the corporate sales team.

Sales & Advertising Transparency:

Looking at Chase Paymentech’s site, you’ll see a clean-cut style without any flashy gimmicks or sales pitches. The advertising is contemporary, but sensible and pleasant in a way you don’t often see in this industry.

I’m impressed by the usefulness of Chase’s educational materials and resources. The company seems to really want you to know what you’re getting into with card processing, and I seriously commend its efforts here. Check out the Five Things to Consider When Choosing a Credit Card Processor for a great example of the kind of material I’m talking about.

The one semi-questionable ploy I see is the “free” Future-Proof Terminal. Nothing is really free, so make sure to get a full disclosure of terms associated with this offer. If you read some of the fine print, you’ll see:

“This offer is not available to existing Chase Paymentech customers. Receipt of free terminal is contingent upon the execution of a Merchant Application and Agreement with Chase Paymentech. Free terminal operates exclusively with Chase Paymentech’s processing services. Early termination of the Merchant Agreement may require the repayment of all or a portion of the free terminal’s value.”

Chase also offers a “free statement review.” This is a pretty common sales practice and is actually something that you can get for free in this industry. It does, however, give Chase the opportunity to see exactly what you pay currently, which is information you may or may not want to disclose right out of the gate.

Customer Service & Technical Support:

When you deal with a company as large as Chase, you probably won’t get the same level of support you would from a small-time processor. It’s just a trade that you’re likely to make to get lower rates and a larger infrastructure.

I can say, however, that Chase provides a 24/7/365 help desk, although it’s not clear if this comes from an in-house team or outsourcing (US-based or foreign).

I can also say that Chase makes a claim that might put you at ease:

Most of us have experienced that friendly sales person who walked into our business and sold us on their product only to disappear immediately after the sale. Not at Chase Paymentech. Your dedicated representative is an employee of Chase Paymentech, fully trained on our customer service philosophy and our products.

So while you won’t be able to get your account rep on the phone 24/7, it’s nice to know that the company still strives to provide a solid point of contact for merchants after signing. I also really like Chase’s many instructional videos, guides, and training materials. Sometimes these resources are actually the quickest, easiest way to solve a problem.

That said, it’s 2016. Why is there no search bar on the site? Seriously. Chase also has no Facebook or Twitter presence. It had a Twitter account once upon a time, but it’s closed the account and protected the tweets. The only active channel is LinkedIn, where it’s been merged with the Chase for Business page. It’s quite active there, publishing relevant content for merchants. It currently has almost 17,000 followers. There is also a link to the J. P. Morgan YouTube channel.

If you can substantiate or refute any of these claims, please leave a comment. Remember to check out our User Review and Comment Policy first, and please consider authenticating your review. It’s a huge help for me and allows us to provide the most accurate ratings possible.

Negative Reviews & Complaints:

Chase Paymentech doesn’t have a squeaky-clean record, but it’s pretty close, considering the number of merchants they serve. For instance, its parent company, JP Morgan Chase & Co., has over 2,000 complaints through the BBB in the past three years. Chase Paymentech has just 34 complaints (up from the 30), with only 12 in the last 12 months (up from 11). We’ve noticed a steady decrease in complaints over the past couple of years.

Chase Paymentech has just 19 complaints on Ripoff Report (mostly about sub-ISOs) and scattered complaints with other review sites.

I spend a good chunk of my day looking at complaints about businesses of all sizes. I can tell you for a fact that Chase Paymentech is doing a great job of disclosing contract terms and arbitrating complaints in-house to the satisfaction of customers. That’s basically the only way to maintain such a low volume of complaints on external sites with such a high volume of customers overall. Sure, there are plenty of processors with zero BBB complaints — but they aren’t handling three-quarters of a TRILLION dollars a year.

Of the complaints that do get out, these are the most common:

  • Difficulty returning rental equipment: While it’s great to see that Chase no longer relies on non-cancellable credit card machine leases, merchants should still keep a careful eye on their bank accounts when canceling their Chase merchant accounts if they opted for a rental machine. Unlike leases, rentals do not come with long-term contracts, but merchants will be charged for the machine if Chase does not receive it back promptly upon cancellation. A number of complaints via the BBB cite issues with the return process or being charged for the machine even after returning it. The good news is that Chase seems willing to offer refunds as long as the machine makes it back.
  • Early termination fee: These complaints should be petering out now that Chase has started to offer month-to-month agreements, but for now the web has a few of these complaints still coming in. While there’s nothing you can do to get out of this if it’s in your existing contract, try asking for a compromise or look for a new processor who will buy out your existing contract for you. If you’re just signing with Chase, make sure you read your contract very carefully and review all of the terms.
  • Bad post-approval customer service: Most of these larger organizations tend to have customer service issues. The smaller merchant processors have the ability to spend more time with you, but may not be able to offer the same kind of pricing that Paymentech might. I believe that, on average, you can receive an acceptable level of customer service through Chase. There are a number of major complaints floating around, but not a copious amount.
  • Billing issues/withholding funds: These complaints come up with some regularity in our comments sections as well as on other review sites. Usually, funds are withheld because of an unusually large transaction or a string of unusual transactions, and it’s fairly common with most processors. The real problem is that Chase seems to, a) not give any warning about withholding funds or freezing accounts, and b) not provide the necessary customer service to quickly resolve these issues. This is really disappointing and unsettling to me, because (unlike contract terms) you can’t negotiate these problems away since they originate with the Risk Management department. Still, these problems are fairly few and far between when compared to other processors, so I think Chase is doing at least an average job here. To avoid this, be sure to have an accurate average ticket/high ticket listed in your application and to contact your processor when you ring up an unusually large transaction. Also, make sure to discuss it with your sales rep if it’s a concern.

On the issue of withholding funds, Paymentech provides the processing network for Square Register, the popular mobile processor with a bad reputation for withholding funds and freezing accounts. This may indicate that Chase has a conservative Risk Management department, so high-risk businesses or businesses that fluctuate a lot may want to look elsewhere for their processing.

If you’re working in a high-risk field, we recommend you look for a processor specializing in such accounts, such as Payline Data or Durango Merchant Services.

Positive Reviews & Testimonials:

You’ll find four video testimonials on Chase Paymentech’s Customer Stories page. They say that more are coming soon, so if you visit that page and find more than four, please let me know. There were two last time we checked, so I guess that’s progress. Chase is really focused on the mobile processing app, so those videos may or may not be relevant to your business.

I’d really like to see a better effort put forth here by Chase. It’s a huge company with hundreds of thousands of customers and massive resources. It should be able to give me a little more to work with than these four measly videos.

Final Verdict:

In the big processor category, I really like Chase Paymentech. I’ve never been crazy about personal banking with Chase, so my sentiments don’t come from any sort of brand loyalty. I’m impressed by its standard contract terms, services, and reputation. If I could get a bit more validation for customer support and independent sales practices, Chase Paymentech could venture into the perfect processor category.

A company this big is never going to be able to satisfy every merchant, but it does seem to do pretty well with what it’s got. When an issue does arise, Chase certainly has more leeway to come up with an amicable solution than a smaller processor might. It seems to lean on the conservative side when it comes to risk management, so high-risk businesses or businesses prone to big fluctuations may want to check out a different processor.

For its commendable efforts in complaint mitigation and month-to-month contracts, Chase Paymentech stays at the 4.5 stars we gave it last time. But until the company can prove that it’s offering solid customer service, it won’t hit that coveted 5 stars.

If you’re looking for the best customer service in the industry, check out Dharma Merchant Services.

Frank Kehl

Frank Kehl

Frank Kehl is an independent writer, editor, and blogger with an endless fascination for technology and gadgets. After a long and enjoyable career of traveling around the world as an Air Force navigator, he’s comfortably settled down in the wine country of California’s Central Coast. He enjoys reading, photography, hiking, and numerous other outdoor pursuits.
Frank Kehl
Leave a comment



    I read your blurb about not a lot of complaints, well here’s one.
    Two days trying to get a replacement sent for our debit machine in a busy B&W store.
    Because we live outside of the service area and have asked for a one day delivery they want to charge us over $600 to send a service technician to personally deliver the replacement. Where they got that number is beyond me, they say it is based on the number of kilometers, they don’t even know where we are!
    I have had these replaced numerous times and never had a problem!
    Have had a response from them saying that they do not do one day delivery on weekends but they will send it on Monday, arrive on Tuesday and no charge.
    Tell me why could they not say this in the first place, two days to figure this out, REALLY!

    Br Johnson

    There are so many chargebacks removed from my account without ever showing up for me to challenge in Resource Online that I question Chase’s competence. How am I getting so many notifications on my phone, and the money is being removed, yet the chargeback never shows? Forget trying to get in touch with someone about it. You’ll just get bounced from one incompetent moron to the next until someone finally says they have no idea and don’t really care, have a nice day. These guys are Grade A idiots and a failure as a banking service.

    Chris arhangelos

    SCAMMER ALERT! This is a pretty bad company. NO PROTECTION FOR A MERCHANT!? We have been burned way too many times, by scammers & fraudsters, using this company. It can be processed automatically and you still will lose. After numerous conversations with awful customer service, management pretty much said “we’re screwed” even after submitting evidence. This is definitely a company i would avoid, unless you enjoy losing money. If you dont believe me go give it and try… GRADE F

    Chris Stinson

    This is the worst company out there. I am a very small business that needed processing for 5-10 invoices a month. They signed me up with the lure of a bit cheaper rates. Told me i could bill in both us and can dollars no problem. They said the reporting was top notch. None of this was true. I could not bill my us customers in US dollars, reporting was none existent. Support was worse. I tried to cancel and they told me i have a 4 YEAR contract? WHAT??? So they lied to me about what the product did and now I can’t cancel unless I pay 75$ per every month of the contract I have left. Not even the phone companies are this bad. I would run from this company at all costs.

    Roberto Marquez

    We have an online store and we received some chargebacks 4 weeks after orders were made.Obviously we sent the goods in less than 48 hours since the order is processed so we sent to Paymentech all the information about the purchases (trackings, e-mails, etc.).Two weeks later they said that the chargebacks are our fault because the purchases were made with a stolen cards and the name on the card not match with the number of the card… how we supposed to know that???The payment goes trough their system so they should have a software connected with the card companies (VISA, MASTERCARD, AMEX, etc.) to check that information in a few seconds!!!We only receive an e-mail with the purchase details (item, name and address) so we don´t have any information about the card. It supposed to be their work because the are charging me some fees for that reason, right?In addition they charge us $10 for each chargeback so definitely the chargebacks are a great business for them. Maybe they have some people working for them doing purchases with fake cards because it´s a really good business for them. At the end of the day we are the unique part losing money because we already sent the items and paid the shipping and the chargeback fee.Well, the solution proposed for Paymentech at the end was: go to the police and make a report…How this company still working?

    Jay P

    HORRIBLE EXPERIENCE – merchant services ? there are ZERO Services and ZERO customer service. Really dissatisfied on how they handled a charge back even after documentation was sent in that clears services rendered beyond a shadow of a doubt. Zero call backs throughout the process only telephone operators clearly reading from a script without ZERO knowledge on how support or help your business. Luckily we had a Wells Fargo Account we just closed the account and moved elsewhere. I HATE CHASE MERCHANT SERVICES they should be shut down for bad service .


    GQ has been in business for over 47 years so you can imagine how many credit card processing companies we have been through. Finally found Chase and could not be happier. Changing credit card processing companies can be a real pain, but Chase made is so easy and you actually get a real person to answer the phone, no long wait times. Fees are better than most, but customer service is the most important to us, and Chase delivers.


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

    Kieffer Anderson

    When did the start the month to month billing with no cancellation fee if you rent the equipment?

    Thank you in advance.

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

    stephen mchugh

    i started a new business in may 2016, signed up with C.F.I.B, and went online with Chase payment , what a pain in the ass, waited for my baking machine for weeks ,after 3 to 4 phone calls i was informed that since i did not have a bank loan for the last 10 years i was declined. Do not get involved with CFIB or chase payment, starting up a new business is great thing, dealing with these companies takes all the fun out of it, Chase payment kiss my ass

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


    I give Chase Paymentech a ZERO rating at this point. I switched providers due to rates and have attempted multiply times to close the account starting about 6 months ago. They give me the run around saying the account is with Everlink and I have to talk to Everlink….. The bills all come with Paymentech on them. I’ve tried to contact Everlink….. and they say talk to Paymentech…… I’ve had tech support guy suggest this could go on indefinitely and they will keep taking my money until Everlink tells them to stop…….. I suggest not doing business with them.

    I have yet to get it resolved.

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

    Kristen McK

    I have nothing but good things to say about Chase Paymentech. I’m usually not a person to leave comments on boards (unless I’ve had a bad experience with them), but when I read all of the above reviews, decided to add my two cents. We signed up with Chase back in 2008. During the first two years or so, we had to call with questions quite often, likely once or twice a month. They were always courteous and helpful. Since 2010 or so, we haven’t really needed to contact them. We’ve been approached by three other companies trying to get us to switch to their POS system. In every instance, I’ve done due diligence with all three companies and they could not beat Chase’s rates. Why would I switch? Anyway, bottom line is we’ve been with Chase since 2008 without any major problems. If there is a problem with the system, they replace it at their cost. Works well for us.


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

    Andy Testman

    RUN from Paymentech. It’s a clown car organization. They do not know what they are doing. RUN. God forbid you get a chargeback from a CHASE card – you WILL lose. They NOT have the merchants back in anyway shape of form. No idea how this jokerrates them so highly – read ALL of the posts. They screw you over one way or another and try to take more and more money from you. trust me.


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

    Ramez Habash

    Small businesses ,,,, stay away!Home-based businesses … I am approved bending transforming my home based business to some stand alone business (I just need a small office in my basement to operate my business). If I keep my home based business, then I have no chance of getting approved!!! Chase has a different definition for home based business that will not get you approved till you comply with their conditions. Their condition will require your business to transform your home based business to an actual business location. Like you have to change the utility bills to the business name, the rental agreement to the business name, the insurance to the business name. I enjoy my home based business as it is. No thanks! Your services are not needed!Please stop saying that you support small businesses like home based businesses!The emails that I received from your representatives and their credit managers shows that you have nothing to do with such small businesses. I am sure you have different definition for home based business than municipalities, or your incompetent representative does not understand and/or have the courage to tell you what you need to do from first meeting or phone call!


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


    Tom/Amad/Merchant Maverick –

    After reading your reviews of Chase Paymentech with such high praise and 4.5 rating I was seriously considering using their services. BUT, having read all these NEGATIVE comments I’m about to run from PT? All the comments are negative so how can such a high rating be given? I understand it is primarily about customer support nut customer support is the backbone after signing a contract and making your commitment with a company. It seems there is a huge misunderstanding/comparison between user comments and your high reviews?

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

    Amad Ebrahimi


    Chase Paymentech is a huge company so naturally they’re going to have a large number of complaints. We take several factors into consideration, not just the sheer number of user reviews. For example, how many complaints a company has compared to their size (ratio) matters more than the number. With that said, if during our update, a decrease in rating is necessary, we won’t hesitate.

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

    JOhn Groupof2glass

    I am a small business owner. I have never in my life experieced worse customer service in my laugh. Some of them even laugh when there is a serious issue as they know they can do nothing about it to help us. They hide things such as important information from you, when you are signing up to take credit card payments, they don’t tell you things such as that you are signing up for a 3 year contract, that there are penalties for withdrawling their services. None of this informaton is conveyed . It is “burried ” in a 19 page legal document. When I asked why they don’t tell new customers of this information when they are signing up they tell me it is in the legal documents. That isn’t answering my questions. I escallated to a manager. He has given me no information, except emailed me a copy of my contract. Thanks. I had that already. Absolutely, no response from anyone, to tell me how to get out of my contract, when I can get out without paying 300 dollar penalty or any other information. NOthing. AS I mentioned, worst compnay I have dealt with in any situation, not just banking/credit card processing . STAY AWAY!!!!


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


    So why didn’t you read your contract before signing it?

    I just got their contract. I didn’t realize it came with a 3 yr term or cancellation fee. But I do now because I read the contract I was signing.

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

    Marsha Ghodsi

    Today I disputed a transaction fee over a fairly large Discover charge, which was a miskey to begin with, and was reversed immediately. Chase Paymentech, refused to adjust the fee for the reversal, and insists it is valid, which I totaly disagreed. They pocket the fee, and blame it on Discover Card policy!
    Imagine all the transactions entered simply by touching a key in error, and fees or better say Penalties these Merchant Processors will collect from Merchants. I call it a rip off!!
    I strongly believe that these processors are abusing the system.
    Marsha Ghodsi/ Business Owner in Manassas, Virginia

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

    Leann Ha

    Worst company I’ve come to. At first I did liked how everything was going but when I wanted to change my money put into a different account it was one of the most stressful thing to do. I called customer service and they kept transferring to different people. They made me fax documents to them 6 times saying it was their fault. The service is rude and they have kept my money for the past ten days. Do not associate with chase paymentech if you have small businesses.


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

    Everest Therapeutics Inc

    Our company has been using Chase PaymentTech for past 10 years. Overall, we’re pretty happy with their customer service and it’s been a positive experience. There has been times where we were reaching their customer service line and their wait time was unreasonably lengthy and our queries go unanswered. This most likely happens because they are a large company. Other than that, we had issues with our supplied POS terminals and their support team has been reasonable and prompt but again, having faulty POS terminals is a hindrance when we rely on most debit/credit transactions.


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


    Over all not much trouble with Chase payment tech, but they had a clitch with a keyed in transaction for $290.00 which was rejected with a certain internal code, even though we received an approval code at time of purchase. When we looked into it, they checked everything we did and it was all correct, we received an approval number and on second look with one of their techs, they acknowledged that it was system error on their part. They will not pay us until further investigation on their part, our customer wants the product they purchased from us on Tuesday, of this week. They said they may not be able to give us an answer til Monday or Tuesday of Next week. Yes I said $290. dollars. We did $598,000 with them last year. $290. means a lot to small businesses, it was your system that made the mistake not us. Taking too long to resolve such a small problem.


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


    The most disorganized, unstable, or unprofessional thing about my business is the Chase Paymentech card reader. The fees are outrageous to behin with and every time I update my OS I lose all username and passwords, have to call in and re-establish the bond between the app and my phone, and now with the latest OS it doesnt even scan cards. I look 100% pro until I whip this thing out to scan a card and then I look like a bumbling moron. I’ll be paying the $350 fee to get rid of this .(feels like a beating you take to leave a gang you never shouldve joined in the first place!) People with square readers are making me look behind the times!

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


    The verifone vx 680 paymentech uses has an extremely small font. I could not get it to work wireless. I spent hours on the phone with tech support. they have sent me 2 terminals and want me to try a third. They tell me this is an extreme rarity.Has anyone had a similar problem. I have been on the phone with tech support an hour and a half as I type this. Has anyone experienced this incompetence ?

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


    I have a carpet cleaning has a carpet cleaner . I now required the service of a terminal use. How do I go about getting one for service?

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

    Chloe Bahal

    Hi Jermaine,

    Thank you for your inquiry, I am happy to help you with this. I would recommend taking a look at Square. I hope this helps and if you have further questions please let me know.

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

    james cementa

    as a developer i would not recommend chase whatsoever. it has taken months to get all the proper info in their format and i had to speak to 5 different people in 2 depts to even get a list of what they need. i was up and running with 3 other gateways in this time (beanstream, paypal and moneris)


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

    Jae Lee

    Customer service is the worst over the phone. When ever a manager or supervisor was needed to sign off on an issue, I was told there was none on duty and that i needed to call back. Payment tech could not handle my business when my transaction went over 300+ Made me jump through hoops to get my money for over 7days+. That kills any small business. Stay away from them


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

    Travis Kaufmann

    Beware – If you request to close your account Chase Bank will leave the account open so it collects a Debt, then they will sell the debt to a collection agency.. Fraud!!!


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

    Daniel D.

    I’m Daniel, I have an Insurance Agency in Van Nuys, CA – Ive been in business over 7 years now – I am with Paymentech iTerminal, and I processed average 25-35 transactions per month.I was with Paymentech for almost 2 years – The 1st year and few months everything was flawless, I had the iTerminal – Very simple to use. My issue with Paymentech is the dispute/chargeback Dept.My very 1st cahrgeback with Paymentech was in the amount of $330 – I charged my clients card twice, 1dt it declined, then it was approved…2 months later Paymentech drafts the money from my account and said my client disputed this claim with his bank – CitiBank…After sending me on a wild goose chase, months later I found out Paymentech actually made the mistake – Turns out, if you charge the same amount in one day, the 2nd charge is automatically approved by PT…2nd time was for $1750 – My client called his bank to ask them what the charge was for – PT drafts this money from my account and tells me my client made the dispute – After talking to my client, he signed a document stating the mistake was his – but Paymentech never refunded my money to me…Only now – Paymentech stuck me in a reserve program – For 6 months they kept 10% of every transaction I made…After 6 months, they had $6300 of my money which they assured me they would refund…When the 6 months were up – They gave me back $1300, and kept the other $5,000 because I had too many chargebacks! They said they were going to stick me with another 6 month hold period, at the end of which they might give me back my money, or hold my funds for another 6-12 months.I even asked if I would get my money back if I cancel my services, and they said they would keep my money for a minimum of 1 year, max 2 years just in case my clients call 2 years later to make a dispute – Even though the standard time frame for making disputes is 3 months.I had no choice, I continued my business with them -Then I had a 3rd chargeback – This was finally a normal one where I was notified. I send in my response about the claim, and I was refunded my money ($1400) 2 months later PT withdraws the money from my account again, and says Visa asked them for their money back so they gave it back…I would have to take it up with VISA, even though I would not stand a chance!I could not take it anymore – I cancelled my services – So a week later, I get another notice saying my reserve period is being reset for another 6 months – The 2nd 6 month period was supposed to end this December, 2014…Now they gave me until March 2015.So I just started the process to take these guys to small claims court.I would suggest to anyone working with paymentech to be very careful about this reserve program. If they sign you up in the program, stop your transactions immediately -You will never see your money again..


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

    Qian Li

    Chase Paymentech is a company not helpful to small business owners but only wants to make money out from them. First, they charged me monthly fees when the contract says waived. Secondly, they charged me monthly fee when I was not using their service, and the fee was not discussed when the Sales tried to set up our account. Thirdly, Chase Paymentech did not settle my credit card charges promptly. For more than two months, Chase Paymentech did not notify me anything. When I called back, the customer service representative was very unprofessional, and the excuses they used was “the business owner is responsible to settle the charges… the business owner needs to check the money every day…” and they promised “if a charge back happens, someone from Chase Paymentech will contact me to solve the issue”. Since that day, I never heard back from them. And no one in Chase Paymentech was willing to discuss my lost of those charges denied because of the credit card was expired some time after 5/30. What they really care is how to take money out of my bank account.


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


    I have had nothing but good experiences with Chase Paymentech. In fact, much better service than my previous processors. For instance, my previous processors enforced monthly processing limits; and they were overly risk averse; they both terminated my account as “high risk” after some industry developments. Yet I signed up the exact same business immediately after termination with Chase with no problems whatsoever. Chase also covers almost the entire cost of (as in no setup, no monthly fee, and no per transaction fees for first 200 transactions or so). Every time I’ve called customer service I’ve gotten courteous replies that answered my questions. They’ve given flexibility in renaming my business DBA. I called about high transaction amounts and they simply told me what to do to make sure there is no hold. They told me they always work with merchants and communicate with them versus terminating accounts without warning. I have two Paymentech accounts. Great rates, great service; I feel confident using them. I REALLY hope my experience is not an anomaly (knock on wood!) but I honestly am surprised to see the negative reviews here.

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

    Castilian Trading

    DO NOT USE CHASE PAYMENTECH!!! When you are a customer, they treat you fine. When you make a change, they keep charging you for their own mistakes!


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


    I am sure this company even deserve 1 star rating. They were worse to begin with and finally after 1.5 year working back and forth with them we realized that the stupid sales rep hasn’t setup our virtual orbit completely and that caused a lost of over $2,000 worth of charge backs which could have been prevented if the account was set up correctly at the first place. They do realize how devastating is to small business owners to pay out that much money for someone mistake. If you would like to burn the same way my company did then this is a company you need to use for your merchant service. Please be advise that there is no support/security or basically anything with this company. DO NOT WORK WOTH THIS COMPANY. THEY ARE JUST CROOKS SITTING THERE AND CHARGE YOU FEES TO CREATE A VULNERABLE ENVIRONMENT FOR FRAUD. I already report the to bbb and our attorney is working hard to get our money back from them. I also let the media know how screwed this company is and I would do anything to bring them down.


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


    I’m sorry but we can not agree. We’re a small business. Chase Paymentech charged us $37.95/month for the privilege of their being able to charge us more money for actual credit card charges. Then when we had a few actual credit card charges, they came in at 3.9%. That’s a crime, but so is having to pay $37.95/month for nothing monthly.
    We called to cancel and suddenly the $37.95/month “minimal charge possible” was offered to be reduced to $15. We cancelled anyway and went with another vendor that charges for their actual services (credit card processing), not just for the availability of services. And the new provider offers a straight charge of 2.9% per credit card processing plus 30 cents. That’s easy to remember and it’s almost fair. What a bad experience to work with these merchant processing companies. It feels like they’re shysters printing money for themselves. We actually have to provide real value to our customers.

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

    David Robin

    Chase Paymentech has somehow made changes to how they take their discounts & fees from my bank accounts. They say I requested these changes but I did not. They did not send any notification to me of change. They have been unhelpful and somewhat rude to me. I had first noticed withdrawal changes late last year and had them undone, now I see they have made withdrawal changes to my accounts again (3 months later) which do not follow my wishes. Exactly what they do is to take discount fees, admin and lease fees directly from 2 different accounts I maintain. Somehow they seem to change the accounts they withdraw from with no instruction from me.

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


    What merchant services have the lowest rate of witholding funds? I’m running into alot of problems with these merchant services

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

    Tom DeSimone

    Hi Jason,

    If this is a recurring problem for you across a number of processors, it may be that your transactions have a higher risk level in general and thus are more prone to being withheld. You can learn a little more about why funds are held in this article.

    In terms of which processors are best, I would recommend any of our highest rated providers. You should try to steer clear of any aggregating processors and mobile processors, as they have higher rates of withholding funds.

    The real best advice I can give is to communicate your processing habits as completely and accurately as possible on your application, and pay close attention to any transaction limits your processor has placed on your account. If you foresee a change in the type of transactions you will be processing, contact your processor to make the necessary changes on your account.

    Thanks for reading and good luck!


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

    Pat Marche

    You state in the above that Chase recently cancelled their cancellation fees & its not true as I have been battling with them to cancel an account with them that I had since 2006 and they charged me a cancel fee. How do I fight this?

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

    Amad Ebrahimi


    The cancellation fee was removed for recent contracts only. Since you signed back in 2006 the cancellation fee was still in effect. Unfortunately, it’s difficult to get out of paying that fee unless you switch to a new processor and have them pick up the tab.

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

    Eric Foren

    Wow, if I had only searched this site. I recently signed with Chase Paymentech as they are partnered with our accounting software provider Sage Accounting (Formally Simply Accounting). Risk Management in Florida called and spoke with staff and stated that we are exceeding our estimated credit card processing dollars. This was 12 days ago. Since then they have withheld our money to the tune of $59000.00 plus dollars. After many calls by my bookkeeper with over 4 follow up calls by myself to “Risk Management including a Canadian office referral to escalate my calls to a manager in Florida, I still have not heard from anyone. Wow, is this company for real???? perhaps I have been scammed out of $59K ugh, can someone please comment if they have experienced the same?

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

    Sarina Milonis

    We have a small pizza shop and recently, to our horror, discovered chase paymentech is withholding 14,000 dollars. We have called every day for a week with no call back. The one time the rude woman actually got on the line, she blamed it on our bank and hung up on me. The bank told us the truth, which is that paymentech are pulling fees out and not depositing our money. This company is a huge fraud and we are currently trying to gather other victims of this scam and get this all over social media and the national news. If something doesn’t change immediately, we will go out of business. How can they do this to hard-working people and family owned establishments? What an atrocity

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

    I am in for the lawsuit!!! here is my story:

    Oh wow. where to start.. I met my wife Dec. 2012. We fell in love and I decided to move down from Portland to Southern Oregon. Shortly after the move I went ahead and moved my long time company of 13yrs down here as well. She was banking with Chase and said that she had never had any issues with Chase in the 3 or so years she was with them. I was a little worried about moving my business banking to chase because of all the horrible experiences I went through 15yrs prior. But, started to think that perhaps this bank changed their policies on how they treated their customers and left US Bank for Chase.

    It was what it seemed to have been a good smooth move and even signed my company up for Paymentech merchant services. This is when it all got bad and ruined my company.

    September 7th 2013 my California office received a reservation on a large group shuttle service for 28 passengers flying in to the SFO. They originally only booked the 7th, through the 9th and required two vans which we had to pull one van out of Oregon to help with this service. A minute before my driver was leaving to drive the 5 + hrs to SFO they canceled the weekend service without giving us the minimum notice of 24hr prior notice to any cancellations. Anyways, this group did use our services with two vans but then changed up the schedule to include allocating additional 22 days for more shuttle services. So, I went ahead and charged their corporate credit card the deposits required to hold those days on the calendar and blocked out the rest of our customers for Sept.

    My company sat for the entire month of Sept. Turning away major money and customers waiting on this group. When the group flew back to their country, I received a phone call from Chase Paymentech chargeback department. They indicated to me that a gentleman in this country had submitted a chargeback because he claims he never took any of our services nor did they every submit a reservation for such a service. This angered me and I fought back. I supplied the audio video recordings from the vehicles. The actual reservations they submitted. The billing invoice showing a detailed summary of services and hours spent on this group as well as the gas receipts on our fuel and what did Paymentech do? THEY GAVE THEM THEIR MONEY BACK and said that we had no legal recourse and because they are in another country that I couldn’t sue them!!

    The next day after this chargeback, we were waiting for moneys transacted from our Oregon customers to be batched out to our bank accounts. When no money was transferred, I called Paymentech once again and they transferred me around and placed me on hold for 25 minutes at a time then a risk manager came online and advised me that my company has been suspended from its merchant processing and that we were no longer allowed to except our customers credit cards. They further stated that Chase had placed our accounts on “MATCH” system which is like a Chexsystems for companies so the company could not get any other merchant accounts at anywhere else. This was infuriating as I and my wife and my company had never been placed on such a black list system in the 20 + years I have been self employed. This was a major blow to my company and my company is now somewhat closed after millions of miles of service, and hundreds and thousands of hours behind the wheel in my career in this industry and now we are helpless and struggling to pay our bills and debts. Funny thing here is that this was the one and only chargeback we got from a single customer and according to Chase, we had multiple chargebacks from multiple customers and when challenged on that statement, they switch it up by saying it was only one chargeback that caused them to close us down!

    I found out yesterday that my wife’s SSN and her name was entered into the MATCH system as well. Not just the incorporated company which we now understand is illegal. I called Chase Paymentech and advised them to take us personally off of the MATCH system. If they do not do this then a lawsuit will ensue!! It is illegal for any institution to place a private individual in liability of an incorporated company debts. Incorporated means a separation of personal finances to the financials of a company and therefore can not be held liable to any company debt that may exist. Well they did that. To no surprise I got the run around again and then told that their legal dept will be calling me back. That was funny because its Saturday and this was Friday and still not call back at the end of the day.



    I will be sueing Chase aka JP Morgan and I will be broadcasting this information to get a class action against them for ruining our lives and good name as well as my companies ability to operate with fairness.

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

    Benny McCay

    I am a self employed plumber. I have two other employees. I have been in business for 33 years. I have accepted credit cards for our services for 33 years. I have changed Payment Processors twice in 33 years. The reason both times was just being sold on better fees and better equipment. Never did I leave because I felt cheated or had a problem getting my money or because of terrible customer service! NEVER have I been considered “high risk” or had a fraudulent transaction! NEVER in 33 years of accepting VISA, MasterCard, Discover and American Express until Chase Paymentech!! I have never been considered “high risk” or had a problem getting my money from a credit card customer or my own Payment Processors until Chase Paymentech!! How do these people get away with Approving a credit card charge, taking the money from my customers but hold on to MY money, keeping it from ME, asking me to basically jump through hoops to get MY money from them for over ten days! Asking for a copy of the invoice, I send it. NO MONEY! Call them back, because they never call me, I have to play phone tag with these people to ask WHY I still don’t have MY money in MY acoount! New excuse is the address was not correct. But the correct address was on the invoice along with the customers phone number, they just didn’t see it, WHAT?? If you suspect fraud, call the customer! This one charge has been held from me for 10 days so far! And four others are now on hold for no reasons given!! My own customers can’t believe I am going through this, especially when they have already been charged on their credit card and no one has questioned these charges!! WHY?? THEN they decided to try to take back a $9000. credit card payment (three weeks later) that they actually did approve and deposit into my checking account and they are “FREEZING MY CHECKING ACCOUNT!! Is this legal? HELP!! I have NEVER been so upset, disappointed, angry, flat out MAD at the unprofessional, positively unethical behavior of my own bank of 30 years (I was with Bank1 at first)!! Shouldn’t this be illegal? HELP, HELP, I honestly don’t know what to do! YES, YES please include me in a class action lawsuit!!

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


    The same thing happened to our small business. You would think they would want to support businesses that are trying to grow. It would only benefit them if they were smart instead of greedy. We might be looking elsewhere if this is common practice and a lawsuit might be in sight as well.

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


    Please include me in any lawsuits you would file. I am as disappointed and angry with their service and setup and chargeback rules. They are making money out of every transaction regardless whether is a chargeback, regular transaction and so on. I am ready to take these basters to the media as well.


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

    George Walker

    My contract with Paymentech ended and they automatically renewed my contract and charged me the $300.00 cancellation fee. Amad E. is wrong they charge you the termination fee even if you cancel at the end of the contract.


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

    George Walker

    I too am shocked to see this company rated so highly when you see the long list the common complaints. Chase Paymentech should not have such a high rating, shame on you BBB. The $300.00 termination fee is excessive for a small business. They also automatically sign you up for an additional 3 year term even if you are trying to cancel your contract at the end of the term. I did not have any equipment to return to the company and I had been with them for 3 years -yet – trying to terminate the account required me to pay the fee and fill out paperwork while they extended my contract without my consent. The reason that there are not more complaints is that most people in small businesses do not report this company. Let’s band together and create a web presence to let small businesses know about this shameful practice by Paymentech. Tweet, blog, post!


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

    rob mcj

    “Chase used to have an early termination fee, but they’ve recently eliminated it for all small business merchants (see “Cancellation Fee” for more info).”

    So why are they charging my wife $300?!

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

    Amad E.

    The rule applies to accounts that were activated after the policy change. Older accounts will still be charged an early termination fee because the contract was signed prior to the change.

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

    Barbara Fassnacht

    I usually don’t put comments out, but I’m so beyond frustrated with this company I have to get it off my chest or I might explode!
    October 1, 2012 I got out of the blue a fax from Chase, cancelling my merchant account. They based it on a refund transaction they had issues with, but when I talked to the (very rude) person who had send me this letter to clear this issue up, she basically told me that Chase is just not interested in keeping me as customer!! I know I’m a pretty small business, but I always paid my fees, never had a chargeback so wtf?!? But ok, fine, I tend not to want to be where I’m not wanted and found a new merchant service provider with Elavon without a problem.
    Since then though I’m fighting to get my money! Chase didn’t deposit over $2,000 of my sales into my account (quite a large amount for a small business like me) with the reasoning that they would have to hold these funds for six months or longer in case of chargebacks. Although they are within their rights to do that, I had several issues with that I wanted to discuss, e.g. why hold for 6 months or more, when most cc companies state that disputes about charges must be filed within 60 days of the credit card statement, or why hold over $1,200 in debit card transactions where there can’t be any chargebacks (plus, again, I never had ANY chargebacks on credit cards before)?!?
    And here comes my biggest complaint about them – their customer service!! Since mid-December 2012 I am trying to talk to a person who actually has the authority to release my funds, but so far I’m only getting the runabout. I talked to my case worker, who gave me a phone number for customer service, who gave me a number to reach the Security Risk Department……are you starting to get the picture?!? I have left numerous messages and sent emails asking for somebody in charge to get back to me – nothing!!!
    I believe that Chase is so big a company, they couldn’t care less about their customers – especially the smaller ones! If you by any miracle manage to get a person on the line, by my experience 4 out of 5 are extremely rude and are not even trying to help. Getting a callback is damn near impossible!! So I definitely can’t recommend this company and would never, ever do business with them again!!!

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


    Terrible experience, I signed up with Paymentech because my bank rep recommended them, I had a machine, they tried programming it remotely, processing never quite finished, they said a tech would call me in this regards, nobody called, after a few weeks I called, they said they would give me free machine, 3 months later no machine, no machine programmed and then I check my bank account and they have been charging me $34.95 for service never received, I called back and they said we’ll give you a free one and waive the fees but sign this new pape work, I read the fine print and it read $100 set up fee, I called the rep back and he said it was the only way to reverse the fees for service never received, now they want me to wait 5 to 7 days to see if they will reverse fees, i think they are just waiting until the first of the month to charge me again, I’m going to CHASE to cancel my bank account before they charge me again.

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

    Tami W

    While I think this company may work well for larger business, I have a seasonal business with a low credit card transaction rate. When I added up the regular monthly fees and the fees I was charged when I didn’t process enough transactions per month, the price per transaction was ridiculous. Overall, I had good experiences with customer service when I had a technical issue or question about my bill. However, I had several problems with my terminal and kept being transferred to their sales department. Each time that happened, I was lied to about my options for getting another terminal and pushed to spend $500- $600 for a new one. The first time my terminal died, it was because the tech support guy installed the wrong software; they didn’t admit it was their fault until I pitched a fit. The second time it stopped working, I was told I could only purchase a terminal from Chase. When I told them I knew I could get a used, older terminal for much cheaper, they told me they’d charge $150 to set it up. I specifically asked if I could process transactions without a terminal and was told that I couldn’t, which was not true; Chase has online-only processing. I still think that their system and their (non-sales) support is good, and I might still recommend it for a large company that wants the dependability of a large corporation and who can shrug off the additional fees, but their focus is definitely on the money. I wouldn’t recommend it for a small or seasonal business.

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

    kun mao

    The worst service ever experienced. I told them my website is supported by They promised me a rate at first and after I finished all of the contract I found out the merchant ID they provided me can not be used. I called them many times they said it must be something wrong from Then wasted me about 1 week to go back and forth to solve the problem. Then they found out, within chase paymentech, there is a department especially deal with the account for Then this new department within Chase paymentech gave me a new offer with much higher rate. I told them I do not want their service anymore. Then after 2 months, I found out two charge about $50 on my bill from chase paymentech. I called and they told me this bill can not be reversed because there is a contract between us. WTF, I want the merchant ID I can use on GODADDY.COM, they gave me a merchant ID which can not be used at all and they still charge me the money?!!!!!!! YOU GUYS DID NOT SELL ME WHAT I WANT TO BUY, If someone BROKE the contract it is CHASE!!!!!Then I told them I want to cancel this contract and I want to reverse the money, they said they will have someone who is responsible to make the decision and call me back, however, until now it already another 3 weeks and I did not receive anyfeedback from them, when I call them no one even other the phone now !!!!!!!The worst service ever!!!!


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

    Hidden Trail Resort

    We are not totally satisfied with the customer service and pricing and have a seasonal business and have not been happy with the service nor the pricing for our accounts. i have spent much time each season setting the contract up and closing it in the fall so decided to keep the terminal through the winter and because it was not used very much, I was still charged the same monthly fees so am going to cancel my contract and go somewhere else where I am more satisfied.

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

    Chris Jacobs

    Chase Paymentech’s customer service is among the worst I’ve experienced from any provider of services in recent years. They are slow to respond to customer needs. They promised me that I would up in five business days, then were unresponsive when it took them two weeks, delaying the launch of our website. I definitely get the “I don’t need you” feeling (but I’ll take your money anyway). Working with them has been a very frustrating experience.


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


    Is that true that you can get some benefits from leasing a terminal? I am being told that I can get 100% tax deduction and cut down tax bracket for my business beside having new equipment? Give me some suggestion on purchasing or leasing terminal. Thanks

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

    Chloe Bahal

    Hi Larry,

    I would not recommend leasing a terminal. Most of the contracts and promises are not legitimate and will end up costing you much more in the long run. This article will give an in depth explanation.

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

    Austin Storm

    I had a similar experience. I was promised a shorter lease term and in the haste of setting up my business missed that the contract said 3 years. Cancellation processes are byzantine in their complexity. It’s a real tar-baby if you’re not the sort of person who can yell at customer service people.

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

    Chris Jacob

    I had a similar experience except my contract is five years; shame on me for not reading the fine print, but I have grown used to companies being up front about their policies, which is not the case with Chase Paymetech. Their customer service is terrible; I’d say they simply don’t care about the customer’s needs.

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


    I’m with Paymentech through the Canadian Federation of Independent Business (CFIB) and after going through the nightmare known as Pivotal Payments, I must say Paymentech is very good. Their terminals are rock solid hardware and software-wise, funds are deposited in a timely manner, and they have never played games with rates after you sign up.
    How much does this have to do with my protection from the CFIB is unclear, but in the 2.5 years I have been with Paymentech, I have yet to call their customer service department to signal a transaction problem or billing issue.
    I avoid leases when it comes to terminals now… these machines get outdated rather quickly and acquirers rarely issue software updates to terminals that they no longer sell or rent.

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

    Sarah Zamora

    I’m shocked to see this company rated so highly when you list the common complaints. Those are huge to a small business owner.
    I was verbally told by my rep that I had a one year contract with $10 fees per month (plus transaction fees), but of course he wrote up a contract for 3 years at $35 per month, with that early termination fee of $350. My first month using their service, they took 40% of my sales. That is not a typo. I’m trying to find info for a class action lawsuit on these guys; they did the same thing to another cottage industry business that I work with. Shame on them.

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

    Merchant Maverick Admin

    Thank you for your comments Sarah. It’s exactly these types of user experiences that make Merchant Maverick better for everyone. 🙂

    I’m shocked to see this company rated so highly when you list the common complaints. Those are huge to a small business owner.

    You’re absolutely right, they’re extremely important. The main reason why I gave Chase Paymentech a higher rating is because of how frequently, or infrequently in this case, those common complaints have shown up. Chase Paymentech is a huge company. As you can see, I’ve reviewed nearly 100 companies as of now. For a processor as big as CP, their complaint count is actually pretty low, and that speaks volumes. I’ve reviewed companies with three times the complaint count at one-third the size of CP, so I definitely consider the “size-to-complaint count ratio” of a merchant account provider when giving them a rating. One would expect larger companies to have more complaints.

    The common complaints themselves were not good by any means, but the low frequency is what prompted me to give them a better rating.

    With that said, my ratings are always in flux Sarah. As I mentioned before, your experience is invaluable to everyone on this site, so believe me when I tell you that I will definitely consider your comments during the next rating update.

    Best of luck to you. Feel free to contact me if you ever need help in the future.

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

    Sue Park

    I signed up with CP in 2008, shortly after the relationship with First Data dissolved and caused much confusion. I received emails advising me that First Data will be managing my account, when I had originally signed up with Chase Paymentech. The rep that signed me up had also moved over to First Data and there was no contact person at Chase Paymentech to confirm the details of my account. I tried for months trying to contact someone.

    I was charged for things that were suppose to come with the service such as newly encrypted pin pads and free supplies. This was offered to match the previous service provider’s services. Plus, there was suppose to be no decline fees on EBT cards or monthly service fees. These are all being charged, in addition to the regular rate increases. The addendum on the contract was not honored by Chase Paymentech nor the charges that were not suppose to be charged.

    They advised me that I could cancel my services at a with a cancellation fee (this was also suppose to be waived at the sign of contract, as proof of their high quality service).

    I am also charged for batch out fees that were suppose to be waived; not only one charge per batch out per night, but 3-4 levels of batch out cost per terminal.

    It is useless calling into their service center.

    Be aware when signing up, ask to speak to their supervisor, have another contact other than your rep. Once signed up, they will be out of reach.

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

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