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PaymentCloud
By PaymentCloud
PaymentCloud, an agent that places businesses other processors turn down with several acquiring banks. Rates, fees and contract terms are by quote; it publishes deposits in 24 to 48 hours, phone hours seven days a week and no application or setup fee. Listed with the same template, not scored.
RTC Score: Not scored
Pros
- Places businesses that standard processors decline, with several acquiring banks.
- No application, activation or setup fee, and deposits in 24 to 48 hours.
- Can reprogram the restaurant POS you already have.
Cons
- No published rates, monthly fees or exit terms: everything is by quote and depends on the bank that approves you.
- High-risk accounts usually carry reserves; the bank picks the type and keeps it up to 180 days after you close.
- No published dual pricing or surcharge program.
- Initial term
- Quote only