Author Topic: CC Processor  (Read 1747 times)

Offline bamo

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CC Processor
« on: June 09, 2015, 12:25:41 PM »
I am a business owner and I recently opened a new bank account at my bank. My banker suggested that I go with the bank affiliated bank processor for my credit card swipes. i declined and started to look into various companies out there that offer cc processing. I thought that DD Forums might be a great way to find out and explore options as well as hear any good or bad experiences with your cc Processing company.......

Online lubaby

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Re: CC Processor
« Reply #1 on: June 09, 2015, 12:30:57 PM »
How much % would your bank want to charge you per swipe?

Offline bamo

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Re: CC Processor
« Reply #2 on: June 09, 2015, 12:33:50 PM »
By the time all the batching fees and funding fees close to 3%. Sounded high.

So far I see two companies that keep coming up on various forums. Fidelity and Banquest. I asked many people that I know about both and each has his/hers own opinion.

Offline DP7

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Re: CC Processor
« Reply #3 on: June 09, 2015, 12:37:11 PM »
Can't speak from personal experience but have heard of https://www.paymentrevolution.com/

Offline bamo

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Re: CC Processor
« Reply #4 on: June 09, 2015, 12:42:46 PM »
Do you know if this is part of Wells Fargo or an independant company?

Offline smurf

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Re: CC Processor
« Reply #5 on: June 09, 2015, 01:49:13 PM »
Do you know if this is part of Wells Fargo or an independant company?
They are an ISO(Independent Sales Organization). All ISO's need a sponsoring bank and Wells Fargo is one of the biggest.

Offline alwaysright

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Re: CC Processor
« Reply #6 on: June 10, 2015, 02:19:41 PM »
So, I know a few people that had credit card processing accounts with both Fidelity AND Banquest. To my understanding, there is no comparison... Banquest is the up and coming processor and hands down more transparent...

Offline bamo

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Re: CC Processor
« Reply #7 on: June 10, 2015, 02:25:40 PM »
So really it seems like there are two runner-ups when it comes to CC processing. Fidelity and Banquest. I am leaning towards Banquest as a lot of brooklyn and lakewood based businesses that i know seem happy about them. Can anyone else give their opinion here before I make a decision?

Offline Mordyk

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Re: CC Processor
« Reply #8 on: June 10, 2015, 03:10:23 PM »
So, I know a few people that had credit card processing accounts with both Fidelity AND Banquest. To my understanding, there is no comparison... Banquest is the up and coming processor and hands down more transparent...
no advertising allowed. just signed up,one post & vouching for a specific company=Advertisement

people are looking for independant referrals from their own experience

Offline yochiek93

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Re: CC Processor
« Reply #9 on: June 10, 2015, 07:19:06 PM »
dont use fidelity to much shtick going on

Offline shaul

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Re: CC Processor
« Reply #10 on: June 10, 2015, 07:35:09 PM »
Fidelity is the cheapest and they are very good

Offline yochiek93

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Re: CC Processor
« Reply #11 on: June 10, 2015, 07:37:34 PM »
Fidelity is the cheapest and they are very good
-1
i know people that work or worked there dont go near it

Offline shaul

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Re: CC Processor
« Reply #12 on: June 10, 2015, 07:39:04 PM »
-1
i know people that work or worked there dont go near it
I know a lot of their customers they are all very happy

Offline yochiek93

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Re: CC Processor
« Reply #13 on: June 10, 2015, 07:42:21 PM »
I know a lot of their customers they are all very happy
customers might not know whats going on behind the scenes you want a company that's transparent 

Offline shaul

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Re: CC Processor
« Reply #14 on: June 10, 2015, 07:43:54 PM »
The main is that they have the cheapest price and the best cs!!!!!