Table of Contents
PaymentCloud is a mobile-first payment platform which allows retailers to accept online and in-store payments. Find out if it’s right for your business, before you sign up with this PaymentCloud review.
PaymentCloud is a payment processing service that allows businesses to accept payments online. PaymentCloud offers a variety of features, including support for multiple currencies and countries. Read more in detail here: paymentcloud supported countries.
PaymentCloud is a credit card processing company that focuses on medium- and high-risk businesses and sectors. In fact, it’s our #1 merchant account recommendation for high-risk firms. Users like the platform’s customer service, which includes both conventional and ecommerce terminals. Pricing isn’t disclosed online, as is typical with high-risk processors, although high-risk merchants may anticipate to spend $25–$30 per month on average. When you sign up for an account, there are no application or setup fees.
Pay a visit to PaymentCloud.
When Should You Use PaymentCloud?
PaymentCloud provides quick and simple applications and approvals, low prices, and alternatives for in-person and online transactions, based on my years of assessing merchant services. Overall, it is one of our merchant services for small companies that we recommend.
PaymentCloud excels in the following areas:
- High-risk businesses: PaymentCloud specializes in working with “hard-to-find” companies. If you’re a high-risk business looking for quick approvals and low rates, PaymentCloud is the high-risk merchant account for you.
- PaymentCloud includes a comprehensive EMV credit card terminal, POS system, and mobile card reader for retail credit card processing, as well as hundreds of Integrations for in-person purchases. PaymentCloud merited a special mention in our list of best retail credit card processors, even if it didn’t make our buyers guide rating.
- Those that need hands-on assistance include: The support staff at PaymentCloud will be there for you from the start. They’ll help you set up and migrate from other platforms; they’ll also be accessible by phone for hands-on assistance after you’re up and running.
When PaymentCloud Isn’t the Right Fit
- Low-risk ecommerce enterprises should search for a professional online payment processor if they accept more payments online. PaymentCloud includes a number of useful functions for retail settings, but other ecommerce-focused services such as PayPal, Payment Depot, or Helcim may be a better fit.
- Businesses who don’t want to pay a monthly fee: While PaymentCloud’s particular prices vary depending on the situation, monthly fees are a part of the package. If you don’t want to pay a monthly charge, one of our free merchant accounts is a good option.
- Payment processing in one place: PaymentCloud requires third-party connections for tools like payment gateways and virtual terminals. Try Square or Helcim for an all-in-one payment processing solution.
Since our last update, we’ve taken a deeper look at PaymentCloud’s pricing for medium- and Merchant Services for High-Risk Clients, as well as provided additional comparison options. We also go through the rules of PaymentCloud’s merchant agreement and how to view a billing statement.
Overview of PaymentCloud
Pay a visit to PaymentCloud.
PaymentCloud provides merchant services to low-, medium-, and high-risk companies, but we think its hands-on approach to the application process sets it apart from the competition. PaymentCloud helps companies every step of the journey since it specializes in high-risk enterprises and those having trouble obtaining a processor. It also provides post-setup assistance, so you’re never fully on your own.
While many customers grumble about the long and detailed application procedure, high-risk merchant account providers and payment processors are all too familiar with this. PaymentCloud also provides rather speedy approvals.
Choosing Factors for PaymentCloud
- Fee each month: $25–$30
- 2.69–3.29 percent transaction charge for medium-risk transactions
- 2.95–4.25 percent transaction charge for high-risk transactions
- There are no application, setup, or yearly costs.
- A minimum two-year contract is required.
- Monthly payment gateway fee: $15 (average)
- The chargeback cost is $25.
- Funding on the same day
- Requirements for rolling reserves range from 0% to 10%.
- Fees for early termination have been waived.
- Tools for detecting fraud that are free
PaymentCloud Alternatives & Fees Comparison
Are you looking for the best deals? The payment processing rates you pay will depend on the size, kind, and average order value of your company. Read our guide to the cheapest credit card processing to locate the most reasonable alternative and compare numerous processing rates.
PaymentCloud Costs
PaymentCloud does not publish prices on its website, as is typical of high-risk processors. To acquire a price estimate for your small company, fill out a free online application and have it reviewed by an expert. Though it may be time-consuming, this extra step is particularly beneficial for the medium- and high-risk firms it serves, since prices are more likely to differ by industry and customer.
As a result, we reached out to PaymentCloud for additional information on their pricing strategy. PaymentCloud says that their price strategy may be adjusted depending on customer preferences, allowing you to negotiate rates and evaluate alternative processing choices to discover the most cost-effective solution for you.
Fees for Medium- to Merchant Services for High-Risk Clients on PaymentCloud
*Pricing is based on typical merchant services for mid-risk and high-risk merchants.
PaymentCloud provided advice on how to interpret a merchant account billing statement to assist customers better comprehend its costs.
Hardware for PaymentCloud
PaymentCloud offers POS systems and complete EMV credit card terminals that are ideal for real retail businesses in terms of payment processing technology. A mobile card reader is also available for use in-store or on the go, such as at events, markets, and fairs.
If you’re moving over, PaymentCloud’s staff can also reprogram any current POS system, and it also works with additional payment processing tools:
- Ingenico
- Verifone
- Pax
- Poynt
- Magtek
- Dejavoo
- First Information
- Clover
Features of PaymentCloud
Contract & Merchant Agreement Terms
PaymentCloud offers month-to-month contracts for low-risk merchants but by default, long-term contracts are provided when doing business with merchants with significant risk. Expect a A minimum two-year contract is required. if your business is classified as high-risk, which is usual when there is considerable underwriting risk and due diligence involved. You can ask for a free quote and comparison before signing up for an account.
PaymentCloud’s pricing system is customizable, so you may request a plan based on a model you’re already acquainted with (and have most likely used before), and PaymentCloud will create one for you. A PaymentCloud merchant account comes without any application or setup costs. Early termination costs are sometimes waived as well. On a case-by-case basis, it does, however, impose a rolling reserve requirement of 10% on average.
Payment Types & Gateway
PaymentCloud is capable of processing both online and offline transactions. All major credit cards, as well as ACH, digital checks, and NFC-based payment options such as Apple Pay and Google Pay, are accepted. For both in-person and online transactions, PaymentCloud offers all forms of high-risk merchant processing solutions.
PaymentCloud works with all payment gateway systems, allowing merchants to continue utilizing their current service provider without interruption. PaymentCloud, being a gateway agnostic platform, can help clients migrate to a more suitable payment gateway like Stripe or Authorize.net, in addition to powerful fraud/filtering and velocity filters.
Merchant Services for High-Risk Clients
PaymentCloud distinguishes apart because it focuses on medium- and high-risk sectors that are less likely to be serviced by other payment processors. It claims to have one of the most comprehensive lists of authorized high-risk businesses, with a 98 percent approval rate from its ten or more banking partners. Tobacco, e-cigarettes, and topical CBD are all supported, as well as electronics, dropshipping, bail bonds, guns, and more.
PaymentCloud works with the sectors listed below that are considered high-risk. (Image courtesy of PaymentCloud)
Protection Against Chargebacks
Protection Against Chargebacks is especially important for high-risk businesses, so PaymentCloud offers robust dispute resolution support. It partners with Chargeback Gurus to detect, track, and resolve disputes on behalf of merchants.
PaymentCloud has partnered with Chargeback Gurus to provide real-time dispute notifications and monitoring, as well as dispute cause and preventive analysis tools. (Image courtesy of PaymentCloud)
Protection Against Fraud
PaymentCloud is PCI compliant and validates cards at the point of sale using industry-standard Address Verification System (AVS) technology, tokenization, P2PE data encryption, and 3D Secure technology. It also uses temporary payment halts to put a stop to questionable transactions while they are investigated. This feature is simple to implement and requires no extra software or expenses.
To combat suspicious transactions, PaymentCloud includes a variety of fraud detection techniques. (Image courtesy of PaymentCloud)
PaymentCloud’s User-Friendly Interface
PaymentCloud is praised by consumers and industry professionals alike for its simplicity of use. The hands-on customer care staff will assist you in getting up and running, and the interface is simple enough for even non-technical users to understand.
Integrations
While there aren’t many hardware alternatives, PaymentCloud does offer a number of useful connectors. It has open APIs that link to most ecommerce systems, including Shopify, WooCommerce, WordPress, and Shift4Shop (previously 3dcart). Many additional corporate tools, including as customer relationship management software and point-of-sale systems, offer specialized high-risk processor connectors.
Funding on the same day
PaymentCloud offers Funding on the same day to all of its merchant account holders. Though no additional fees were mentioned for this service, it’s still important to confirm this with PaymentCloud’s executive helping you set up your account.
Customer Service
PaymentCloud Customer Service is available via phone or email from 7 a.m.–6 p.m. Pacific time, Monday through Friday. Some customers dislike the fact that support isn’t available 24/7. For times when you can’t get in touch with a customer service agent, you can check out its online support center with an FAQ section, as well as find links to email addresses for various support departments. Overall, getting in touch with PaymentCloud support is a bit difficult, but once you do, they’re extremely helpful.
What Users Have to Say About PaymentCloud
The majority of PaymentCloud users enjoy using the platform. Many reviews praise its Customer Service and how easy it is to use PaymentCloud. However, there are also some comments about how long it takes the application to process, though this is common and often expected in high-risk businesses.
- Capterra: PaymentCloud received a 4.6 out of 5 star rating from a total of 20 people, with the majority of them praising the company’s customer service.
- Trustpilot: Since our previous update, Trustpilot reviews have improved dramatically, with PaymentCloud getting a 4.4-star rating from over 100 consumers. Users praised the customer service, however others pointed up concerns with pricing transparency and application processing, as they did with Capterra.
Conclusion
Overall, PaymentCloud is one of the best high-risk merchant accounts for small businesses. The processor offers helpful Customer Service, fast approvals, and protections against fraud and chargebacks. Plus, it offers plenty of hardware and solutions for online, storefront, and mobile sellers. Pay a visit to PaymentCloud. today for more information.
Pay a visit to PaymentCloud.
PaymentCloud is a payment platform that allows users to process payments for their business. It has been around for a while now, and it has changed the way businesses can accept online payments. With the help of PaymentCloud, companies can easily manage their transactions and make sure they are compliant with any regulations that are required. Reference: paymentcloud reddit.
Frequently Asked Questions
How much does PaymentCloud charge?
A: PaymentCloud charges a monthly fee of $5.00 for their service and it includes all the features you need to process payments online, like receiving deposits from customers, sending invoices to your customers, and even hosting secure payment options if you want them. This should be enough information about PaymentCloud that gives users an idea on what they can expect if they choose this company as one with which they would like to work.
Is authorize Net reliable?
Who owns paycloud?
A: Paycloud is owned by a variety of companies such as Amazon, PayPal and Visa.
Related Tags
- paymentcloud vs stripe
- paymentcloud vs square
- is payment cloud legit
- paymentcloud glassdoor
- paymentcloud credit card processing
