Chase Paymentech is a world leader in online and point-of-sale payment processing services with offices in the United States, Canada, and Europe. They are based in Dallas, Texas, and are a subsidiary of JPMorgan Chase. Founded in 1985, they have been known by their current name when they were acquired by the banking giant in 2005.
OPTIONS
Approval Rate
98%
Setup Time
2 Days
Free Terminal
NO
Average Rate
1.79%
Transaction Fee
$0.24
Statement Fee
$7.50
Clear the Account
1-2 Days
Monthly Minimum
$25.00
RATINGS
98%
HERE IS OUR FULL REVIEW
Pros:
Chase Paymentech offers a full range of equipment and services as a payment processor for credit and debit cards, gift cards, international payments, and electronic check processing. Almost 50% of Internet payment transactions are handled by the company. Their Chase Paymentech Orbital® Gateway can be customized to a company’s needs, regardless of size or type of operation. With this Orbital® Gateway, their European operation became a 2010 Retail Systems Awards winner as best in class for IT excellence—“Card and Payments Solution of the Year.”
Personal Chase representatives are assigned to your account to promote a direct line of responsive service.
Cons:
Although customer service is 24/7, quality can vary. Sales reps vary. One must fully understand contract length and cancellation fees on service and equipment.
OUR FINAL CONCLUSION
Chase Paymentech appears to be an excellent choice for many for their credit card processing needs; some competitors are going to have higher rates and fees, others lower. As with any commitment, be sure to read your contract and understand your rates and terms, rather than rely solely on the verbal presentation of a salesperson. For the vast majority, Chase Paymentech is well within their comfort and satisfaction zones.
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