Get started today for free. At this point, new merchants looking to sign up with TSYS will probably be redirected to Global Payments, so you might want to read our complete review of them before proceeding. Small and mid-volume businesses should look elsewhere. They practice unethical business behavior and will continue to charge your bank account fees after you close the account. You will be sorry if you sign up with this company. Merchant Legal. THEY DO NOT CARE ABOUT THEIR CUSTOMERS. There are tons of hidden fees that they will debit your bank account without notice or permission. Lendio is a free-to-use marketplace that allows you to compare lenders side-by-side. Some of these fees can be waived if you negotiate ahead of time, but once you sign on the dotted line, your ability to waive any fees diminishes drastically. TSYS review Its niche processing services are impressive, but you won’t find any rates on its website. I spoke to someone on the phone but they will only refund me a portion of my money. Furthermore, the complaints that do crop up are usually handled quickly and ethically, including refunds when a misunderstanding occurs. I understand i must pay the monthly bill for the service but the extra fees are rediculous. We’ve touched on a number of the great features offered by TSYS already, but there’s still more to be said. My rep knew i was expecting a payment from my customer over 10k. of $15. They charged me for 3 years a monthly fee and don’t know why I never signed up with them. I have since spent the last three months trying to cancel my account and return the card reader, only to find the last agent I talked to never filed the request and I was still being charged for the machine!! At publishing time, details are current but subject to change. . I cannot speak for our company officially, but wanted to note a few things in the info about TSYS. No s*#@t! In addition to all of the complaints above, I never received a monthly statement or end of year tax forms from them unless I called. Melissa Johnson has been writing about payment processing and mobile payments since 2014, and has been quoted in articles for Credit Karma and The Next Web, among others. SCUMBAG, UNCONSCIONABLE, MALICIOUS, and NO ETHICS!!!!!!!!!!!! We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services. TSYS doesn’t have a lot of pricing information online because its pricing structure is determined by salespeople over the phone. So you’re looking at having to pay up to $500 just for the privilege of walking away from TSYS and having to find another payment processor. TSYS Merchant Services Review. We’ve mostly covered the cons in our pricing section, so we’ll keep it brief. How can a person not afford your service and not afford to cancel your service. Xero VS QuickBooks Desktop: How Do These Two Accounting Software Giants Compare? Flat-rate pricing, on the other hand, is usually a little more expensive but much simpler to understand when your processing statements come in. Because the company offers both tiered and interchange-plus plans, some very small or newly-established businesses without a processing history simply may not qualify for interchange-plus pricing. You’ll also want to return your equipment promptly. Their response is “it is your responsibility to check your account on our portal”. The company has two primary areas of business. The TSYS connected ecosystem eliminates siloed solutions, and gives you a valuable 360° view and control of your cardholders' customer journeys. While the company clearly has the financial resources to improve the quality of its customer service, it simply hasn’t done so. Smaller businesses with sporadic processing needs should avoid TSYS, however, as the chance you’ll need to cancel is substantially higher and there are better-priced offerings out there for you. A free inside look at company reviews and salaries posted anonymously by employees. His upbringing in an entrepreneurial family nurtured a passion for small business at a young age. Things are not perfect with TSYS, but — if you approach the company as an educated merchant — there is no reason why you can’t get good service at a reasonable price. If you’re currently using TSYS Merchant Services as your payment processor, we highly recommend that you take a look at when your current contract term is scheduled to renew and consider switching to a different provider. 11 Interviews. HIGHLY RECOMMEND STAYING AWAY FROM DOING BUSINESS WITH THESE PEOPLE! Try These 8 Small Business Credit Card Payment Processing Companies In 2021, Need A Retail POS System For Your Small Business? 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