TransFirst

TransFirst
  • Editor Rating

  • Rated 3.5 stars
  • Very Good

  • TransFirst
  • Reviewed by:
  • Published on:
  • Last modified: August 18, 2015
  • Disclaimer

Review Summary:

There are some warning flags with TransFirst which unfortunately seem to be the same standards ones we here from most merchants that have been in the industry for some time.

TransFirst
  • TransFirst
  • Rating: 3.5
  • Reviewed by:
  • Published on: February 26, 2015
  • Last modified: August 18, 2015

Review Summary:

There are some warning flags with TransFirst which unfortunately seem to be the same standards ones we here from most merchants that have been in the industry for some time.

View our Top Ranked Processor

Tranfirst is a company that many merchants are currently working with, however many don’t even realize it. As with many of the larger processors, TransFirst also works as a backer for a number of smaller credit card processors, who write their accounts under their name, but are acting as an additional middle man between the merchant and the ISO. This has little to do with Transfirst directly, and we will be looking into and review some of this subsidiary companies in the coming months.

There are some warning flags with TransFirst which unfortunately seem to be the same standards ones we here from most merchants that have been in the industry for some time. Hidden contract language and merchant’s thinking they were getting a much better deal than the one that was actually written in the contract. While sadly not uncommon, these are the exact tactics that keep websites like this running. It is important to always examine your contract correctly if you’re not positive, or use a site like this to weed through the available options and work with a company that doesn’t hide things in the application process (no matter how small).

Before You Sign A Contract!

We recommend that all merchants speak with at least 2 processors before signing their contract. Why?…

First – You should feel comfortable with the sales representative, if you’re feeling pressure on the call or feel as though you are not a focus, it’s unlikely your experience will improve after signing your contract!

Second – Be wary of introductory rates (specifically qualified rates) in the initial pitch – each business is unique and the rates/fees that will actually save your business the most, are only available once the sales representative has learned about your business.

We currently have Cayan listed as our top ranked merchant service provider. However if they do not fit your needs, you can look through our full list of processors and find the one that is right for your business here.

One of the biggest red flags that we come across in the industry is the prevalence of 3 year contracts. Why the credit card processor needs you to sign a contract is beyond us here at CheapestMerchantAccounts, the merchant account relationship should be a two way street – the credit card processor provides a service to the business owner (a way to accept credit cards) and in exchange the merchant allows the processor to take a small percentage of the transaction cost, adding statement fees and other items to cover their operating expenses. Where a contract should be required is beyond us. TransFirst takes this a step further than the typical credit card processor as along with 3 year contracts, they also have an auto-renewal policy which means once you sign up with them, you face an arduous task of extricating yourself from them.

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SMB Reviews
SMB Reviews 492 posts

SMBReviews is committed to providing small and mid-sized business owners with the information and resources they need to select the best service or product for their company.

Editor review

Costs
3.75/5
Sales
2.75/5
Customer Service
3.5/5
Ratings
3.45/5

3.36

Average
3.36
Summary

There are some warning flags with TransFirst which unfortunately seem to be the same standards ones we here from most merchants that have been in the industry for some time.

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