Pros: Rates are competitive and setup can be done in as little as one day.
Cons: Fewer POS terminal options are available than from competitors.
The Verdict: The service is basic compared to higher-rated services but is worthy of consideration.
Electronic Transfer Inc. is an excellent credit card processing service; they have some of the best rates around. Electronic Transfer Inc. can set up your account in 1 day, giving you the option of starting your business right away.
Average Approval Rating:
Electronic Transfer Inc. has a 98% approval rating.
Cost Per Month*:
Electronic Transfer Inc. has some of the lowest monthly costs available, including a $10.00 monthly payment gateway fee, a $10.00 statement fee and a $20.00 monthly minimum. The 2.25% discount rate is decent and it has a $0.29 per-transaction fee. Occasional fees include a $25.00 charge back fee, $2.00 voice authorization fee, and a $0.10 address verification fee.
Startup Cost:
Electronic Transfer Inc. has absolutely no startup costs.
Account Setup Time:
The average Electronic Transfer approval and account set up is between one and two days. Most of their applications are approve in-house which helps speed up the approval process.
Customer Service:
When we contacted Electronic Transfer Inc. we were instantly connected with a sales representative, not an answering machine. The representative answered all of our questions.
Internet Based Features:
Electronic Transfer Inc. offers a merchant account, a virtual terminal and a payment gateway through Authorize.net or through Eprocessing services.
P.O.S./Swiper Based:
Electronic Transfer Inc. offers 2 different Point-of-Sale Terminal models-not many choices compared to what other companies offer.
Summary:
Electronic Transfer Inc. is an excellent credit card processing company. They have fast application processing, a 98% approval rating and the best startup price-free.