PaymentCloud is a full-service ISO and merchant service provider that seeks to provide innovative solutions and unparalleled customer service. It has been in business since 2013, and works to offer superior financial products while still keeping prices low.

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The Good

Competitive Pricing
High-Risk Calculations
Next Day Funding
Innovative Technology
Dedicated Account Representatives

Competitive Pricing

PaymentCloud charges fees that are extremely competitive within the industry. Pricing is as follows:

Online Transactions

Starting percentage - 0.85%
Starting cost per transaction - $0.04
Monthly fee - $9.95

POS Transactions

Starting percentage - 0.25%
Starting cost per transaction - $0.03
Monthly fee - $9.95

Mobile Payments

Starting percentage - 0.85%
Starting cost per transaction - $0.05
Monthly fee - $9.95

Consumers will need to keep in mind that the pricing figures change based on the merchant's risk level and supporting bank.

High-Risk Calculations

PaymentCloud will work with customers on evaluating their company and its risk level. PaymentCloud has been working hard to work through businesses with high risk for the past seven years. When you call PaymentCloud, they will match you with the merchant account they think is best based off of your risk level. If businesses fall in the high risk category, the company realizes it can be hard to find a credit card processor. Regardless of your line of business, PaymentCloud tries to make it possible for your company to have a safe and efficient credit card processor.

Next Day Funding

PaymentCloud does not make businesses wait to access their hard-earned capital; instead, the company offers next day funding for all card types. Next day funding is especially beneficial for businesses that process the bulk of transactions in the evening; businesses located on the West Coast; merchants who process heavy volume during the weekend; and businesses that have daily or weekly expenses such as payroll, restocking inventory, and shipping costs.

Innovative Technology

As an industry leader in product innovation and cutting-edge technology, PaymentCloud provides merchants with payment processors that are customized to their business types. The company's terminal selections include the latest EMV Smartchip technology, wireless options, countertop devices, and PIN pad options. PaymentCloud also offers mobile processing hardware and applications, tablet POS systems, and secure online payment gateways.

Dedicated Account Representatives

Each of PaymentCloud's account representatives is rigorously trained in merchant services, product specifications, pricing structure, and payment support. When a customer signs up with PaymentCloud, they will be assigned an expert account representative, who will assist with filling out the application, walk through how to set up the equipment and electronic processing software, go over pricing structure and Visa/MasterCard rates and fees, provide notification when industry and/or security updates arise, and deliver personalized customer service. Its dedicated account representatives have led to mostly positive merchant services reviews.

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The Bad

Time in Business

Time in Business

PaymentCloud has only been in business since 2013, making the company a relative newcomer to the industry with less experience than many of its competitors.

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The Bottom Line

PaymentCloud has been in the merchant account business since 2013 and strives to give high risk companies a chance at getting approved. The company offers very competitve pricing, next day funding, innovative technology, and personalized customer service. We recommend customers consider the benefits of PaymentCloud's credit card processing against other merchant account providers in the industry, using merchant services reviews as a main source of research.

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User Reviews

Star Rating

2.5

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19 Reviews

Review Breakdown

5 grade

32%

4 grade

3 grade

2 grade

1 grade

58%

Sentiment Criteria

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Alexandre Haussmann Queens, NY

Sara at PaymentCloud is absolutely wonderful! She is bar none the best representative I could have asked for. Without Sara my business would not exist today. Trying to get merchant processing for a 'high risk' company is a monumental undertaking, with landmines and roadblocks that no layman could reason. Sara has navigated me through the procedure of opening and properly maintaining merchant accounts with poise and positivity that I did not expect. Sara has gone the extra mile in ways I couldn't fathom, masterfully providing me with strong processor relationships. She has enabled me to focus my energy where it is needed, on growing the business. I could not ask for anybody better to help integrate me into merchant processing. Sara is polite, timely, and knowledgeable in her field.

3 years ago

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Leonardo Kammel Austin, TX

Have been with Paymentcloud for a couple of months now and I am beyond happy with them! Special shout out to my agent Brandon C., that really knows what he is doing. He was very helpful from the beginning and is continuing to do so as we are going on. Very happy and definitely the right choice. Will continue to be their customer even with non-high-risk business in the future.

4 years ago

Reply from PaymentCloud

Hi Leonardo, thank you so much for your review! I'm so happy to hear you're beyond satisfied with your service. Brandon's awesome, he really knows what he's doing and I'm glad he's been so helpful to you and your business. PaymentCloud truly appreciates your business and looks forward to continuing our relationship in the future. Please feel free to reach out to Brandon if you need anything! -Caroline

Apr. 7th, 2021

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Transporter LLC Yonkers, NY

I had trouble finding a merchant processor that would support a high -risk business of transportation services. I have been a customer of Payment Cloud since July 2019, and so far I am pleased with the merchant services I have received. My transactions are deposited next day into my account which is great. I have been waiting for funding activity SMS notifications to be set up several weeks and it still has not been done. I am also waiting for over a week to receive email notifications for chargeback notices and so far nothing. I would have given them 5 stars if it wasn't for these two issues.

5 years ago

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EARL MADISON Orlando, FL

So far m experience with PaymentCloud has been great! Olivia is the person to speak with if you want the job done correctly and all aspects of merchant orocessing explained properly! She has gone the extra mile and I will only deal with her and PaymentCloud for my future merchant processing and growth!

3 years ago

Reply from PaymentCloud

Hi Earl. Thank you for your review and I'm glad to hear Olivia was able to help you out. We work hard to ensure all our merchants have an excellent experience with us and it's always great when we get feedback like yours.

We're happy that Olivia has been helpful in explaining everything from merchant processing options, payment gateways, recurring billing options--whatever the topic may be! Please don't hesitate to reach out if there's anything else we can help you with.

Sincerely,
The PaymentCloud Team

Jan. 20th, 2022

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Jacob Jones ,

Fantastic customer support and excellent for high risk industries. People do not understand that Paymentcloud does not actually handle your payments, the underlying companies such as Firstdata and others do. Many of the reviews and complaints against this company are incorrect. I have a fantastic rep, Chelsea who I would 10/10 use again!

4 years ago

Reply from PaymentCloud

Hi Jacob, thank you so much for taking the time to review PaymentCloud. I'm so happy to hear you're satisfied with your service and with Chelsea's help, she's truly one of the best! Your recommendation means a lot to us. Please feel free to reach out with anything you may need! -Caroline

Apr. 7th, 2021

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Saeed Irvine, CA

We had issues getting an online processor for our vaping company, until we met Faviola who got us set up in a week. She always responded to us within a day and even walked us through changing our domain name. Truly helpful and I'd highly recommend working with her!

5 years ago

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Robert Cook DeSoto, TX

I love the company speed and efficiency in handling my application. Aran H was very professional and patient in helping me set up my account established. I'm delighted with the service of this company.

3 years ago

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Garrison Holt

I’ll start this review by saying I have very mixed feelings about Payment Cloud. On one hand their account managers are great for the most part. (Mostly) communicative, and attends to all my businesses needs. However their process of approval isn’t very clear, and I feel like we’re being strung along waiting for approval. I know this isn’t the account managers fault, but the banks they go through are frankly terrible. Many times they asked us to add things to our site that were already there, or remove things that were never on the site to begin with, delaying our process over and over again. Currently have been waiting 5 weeks for approval with no updates on where the banks are at. Payment cloud is overrall pretty good but they need to fix their communications from their banks to their clients

3 years ago

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Scott DeVee Melbourne, FL

This company has treated me unfairly and dishonestly. I set up a merchant account with them. They did a credit check on me which reduced my credit rating. They asked me to send them examples of what my business was and I sent in examples of my webinars. They said a site inspection was required. I didn't feel comfortable having a stranger come to my house during COVID-19. I canceled the inspection and I assumed my account. The next day my account manager contacted me out of the blue and said that my account had been approved. I asked what the next steps were. That didn't include a site inspection. I had a customer process transactions through their service based on the fact that I was approved and now they are holding my funds until this site inspection is done. It's clear they will do and say whatever it takes to get your money and don't care about how they do it. I hate when businesses lie to make a buck.

3 years ago Edited May 5, 2022

Reply from PaymentCloud

Hello Scott,
Thank you for reaching out and bringing our attention to the problems you're facing. I spoke to your account advisor and there seems to have been some miscommunication regarding your site inspection. Processors are strict about the site inspection as it is used to ensure PCI compliance and prevent fraud. Since the inspection (conducted by your processor, not PaymentCloud) was not completed, your funds are being held.

As your payment facilitators, we do our best to advocate for all of our merchants. For this reason, we are reaching out to your processor for more information about the funds and will call to give you an update sometime next week.

We apologize for the inconvenience. If you’d still like to process, we are more than happy to set you up with a different processor.

Sincerely,
The PaymentCloud Team

May. 6th, 2022

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Ryan Simpsonville, SC

Awful, awful, awful company. PaymentCloud is the LAST place you should go for payment processing. They take advantage of desperate businesses who can't find processors anywhere else and match you with the WORST processors in the industry who will steal your money and never pay you out. I am a new business who has read horror stories about companies like Stripe and Paypal holding money. PaymentCloud advertises about being the opposite, a safer alternative to the Stripe/Paypal type of companies, so I decided to contact PC to provide payment processing for my business. WORST decision I have made. The signup process was hectic with daily phone calls and interrogation, false promises, lies, and saying whatever they need to say to get you to signup. I was matched with 2 processors. One of which wanted a 10% rolling reserve for 6 months and nearly 4% processing fees on top of that. I told my manager no to that processor and he said ok. 5 minutes later he is calling me back trying to convince me to take the processor as a backup, saying it would not hurt me in any way. Unfortunately I agreed. The other processor had a laughable monthly volume and very high processing fees. I was signed up for them as well. A week later my new bank account is hit from 3 different companies for $300 causing overdraft. All them were monthly fees even though I had not even been signed up for a month and did not even activate the first processor. 2 weeks in I only ran 3 sales through one processor. Each time my bank was debited for 6% of each transaction, even though the fees were only supposed to be 3.5%. I stopped running transactions after those 3 sales and decided to stop until my payouts arrived so I could establish trust and calculate my total fees. THE PAYOUTS NEVER CAME. I contacted my account manager after waiting 10 days. He told me he would find out and call me right back - He never did. I contacted him again 5 days later - He never responded. At this point I was pretty upset so I refunded all 3 sales to my customers. I have no idea why my payouts did not arrive, I was never notified, and they continued allowing me to make transactions. I moved all my sales to a different platform and contacted PaymentCloud to close all my accounts. I am not sure how it will end, but I wanted to tell my story. If you're looking for a better alternative to Stripe/Paypal, you're in the WRONG place. Get out now and get out fast. Don't look back. These guys are crooks that work with the worst payment processors in the game. You cannot get lower than PaymentCloud. They will lock you into contracts, lie to you about fees, and steal your payouts from day 1. By far the worst experience I have ever had with a payment provider.

3 years ago

Reply from PaymentCloud

Thank you for taking the time to provide feedback, Ryan. We’re sorry to hear about your experience and want you to know that we take these matters seriously. First, we’d like to clarify PaymentCloud is not a processor, we specialize in merchant services. Like our sales reps explain on every introductory call, we work hard to connect merchants like you with the ideal processor, gateway integration (or hardware), and fraud mitigation service to bring success to your specific business.

I've taken the liberty of speaking with your account manager and reviewed your account history. Your account manager confirmed he informed you that underwriters will review your account before applying. It seems like the two of you reached an understanding on this as you later integrated the merchant account and gateway.

Your account manager also explained the processor had higher processing fees because your file was not strong enough to support the requested monthly processing volume. Processors place higher fees on accounts that carry more risk (from an underwriting perspective) in order to mitigate the losses they incur. These processing fees come down as you establish good history (low chargebacks) with the processor.

The three companies charging you overdraft fees are your two merchant processors and your payment gateway. You need a gateway to connect to any merchant account you receive whether it's through us or a competitor. Even though you only used your processor for two weeks, you still have to pay for the entire month for each service. Your statement shows your processing and interchange fees come out lower than you had indicated, but we’d be happy to work with you to understand where you see the additional fees.

We apologize for the miscommunication. Our account managers are reliant on responses from processors, underwriters, risk departments, etc. Unfortunately, any delay in the process delays our communications with our merchants.

We appreciate you taking the time to share your concerns, Ryan. We are more than happy to help clear up any further misunderstandings. If at any point you would like to get your business up and processing again, we would be happy to assist.

Sincerely,
The PaymentCloud Team

Dec. 8th, 2021

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Robert Plyler Austin, TX

This is a scam company who outsources everything. Do not and I repeat do not get their services. I am going to sue them and there are already 50 people that I have who have been ripped off by this company. They hide behind banks and third party gateways and connti he to charge me after I cancelled services in which never worked. I want full reimbursement for everything. I have e mails phone conversations and texts where nothing worked and I am still getting charged. They have stolen over five hundred dollars from my business. When I did have a processor, it took a while before money came in then closed account so my money stayed in limbo. Then they charged me for closing account and processing fee to get my transactions. They are thieves, their management are thieves and their whole company indulges in ripping people off. Tom D was point of contact and he made me go through hurdles to get money owed like going to my bank twenty times, wasting my time at bank and getting documents finalized eight times. I cancelled and he assured me I wouldn't be charged but it keeps happening. I then get a call from a lady asking me to cancel again today after months of cancellation telling me tom out of office. Ice been sending e mails every day for two months. The worst company with thieves

3 years ago

Reply from PaymentCloud

Hello Robert,

Thank you for leaving a review. Sorry to hear about your frustrations. We want to begin by clearing up the fact that PaymentCloud specializes in merchant services. With our lasting relationships, we pair merchants with the ideal processor, bank, and fraud mitigation service to cultivate success for your specific business type. Our account managers clarify this as well in all initial phone calls.

I spoke with Tom and his supervisor Jenn, who had both been in touch with you via email to clarify the issues with your account. It appears you placed a payment stop on your monthly dues with your processor without closing your account with them. You also came back to process months later, at which point, you had accumulated several months of dues since you had not closed your account. At the point of processing again, your funds were held by your processor until those monthly dues were paid.

It appears Tom and Jenn and members of our Admin team have itemized the fees you were being charged for your processor account along with the payment gateway account that was not closed. Unfortunately, just like any other subscription-based account, these fees accrue even when the account is not being utilized.

If at any point you would like to get your business up and processing again, we would be happy to assist.

Sincerely,
The PaymentCould Team

Nov. 23rd, 2021

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David Revell Worthing, WSX

Put my business back months. Terrible. This is my first ever online review. I had to post this to let other people know to AVOID this company. They wasted 4 months of my time with promises they couldn't deliver. I'm based in the UK, with a US LLC and I sell supplements, all of which are considered high risk which I understand and I've had issues with merchant processers before because of it, but usually they give me a no straight out of the gate as to avoid wasting everyone's time. Ohhhh no no no, not PaymentCloud, they waited 4 months to tell me. The intial application was successful and took 6 weeks to get onboarded, during this time I had to continuely chase up as their customer service is nothing short of woeful but I know these things take time so i was patient. At week 6, I was given the green light by the acquirer bank, all that needed to be done was implement the merchant API into my websites. I use Shopify(Yes, the $1bn T/O eCoommerce Platform) and Clickfunnels(The Largest Funnel Platform Globally.) I had told PC multiple times that I use these platforms and even their Chief Of Technology told me that 'We integrate with Clickfunnels' Well... After 10 weeks of terrible communication, and me asking for updates on a weekly basis I was told that they DO NOT integrate with 2 of the largest platforms out there. The reason I was given was that I was the first person from an international perspective they had helped and that their third party API had let them down. This has put my business back months. If you are reading this and thinking about signing up, don't. Even if you are in the US, their customer service and communication is some of the worst I've seen. If you trust these people with your customer's money, on your head be it.

4 years ago

Reply from PaymentCloud

We appreciate you taking the time to leave this detailed review and for the opportunity for us to take this feedback as an opportunity to improve. We would like to address and possibly clarify a few points and hope that, although we were not able to help you with credit card processing, we can come to an understanding.

First and foremost, PaymentCloud specializes in US-based domestic credit card processing. Our business rarely ventures into international markets because we do not have the relationships built and proven solutions that we have in the US market. Because of the relationship with our referring partner, our relationship manager went above and beyond to source a solution for UK-based CBD businesses that we were assured checked all the boxes that you required.

We did in fact get you a live merchant account and were told that your development team would be able to use the information provided upon approval to make the appropriate eCommerce platform connections. At that point I think we ran into a couple of issues; first, that connection required custom work, and second that work was outside of your scope and you did not have additional developer support to help.

At that point, we brought in both our lead developer and our CTO to help troubleshoot the issue. We absorbed all of the costs to make every attempt at building the connections you needed. Unfortunately, we received very little - almost zero - feedback and support from the processor who owned the API connection and could not find a way on our own. We apologize for the time this took, but please know that we left no stone unturned and pursued every avenue to try and make this work, at no cost to you.

Please know that we are doing everything we can to remedy the situation, and as a result of your experience have decided not to move forward with the solution you were placed with. We strive to maintain a very high standard as experts in the eCommerce space inside the US with almost limitless integration capacity and unmatched customer support - that includes hundreds of Shopify merchants every month.

We apologize on behalf of the processing solution that so much time and effort was spent on something that did not come to fruition. We take full responsibility for going out on a limb, but if you have one takeaway please know that we were truly committed to helping you at any cost. If there is anything further we can do to help please don't hesitate to reach out directly.

Jan. 21st, 2021

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Samer Siam Montreal, QC

Dont deal with this company! they are a fraud, once they find you a merchant bank they will take their commission and run! i dealt with a Faith from their sales team, she didnt even provide me for a portal and when i asked for one she said i should call the merchant bank and then she provided me one with for U.S customers and then when i reached to the banks support team, it turned out they had a canadian portal. later on i found the merchant i was hooked up with was one of the worst and im still having trouble withdrawing funds, and payment cloud disappeared.

5 years ago

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Roland Stoute Jamaica, NY

After paying for a few months, I wasn’t using their services and asked to cancel.After a little run around,they confirmed closing of my account.Then I discovered 5 months later,they were still charging me fees,penalties etc.Although they confirmed this fact, they refuse to refund my money.

6 years ago

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Lema Valencia, CA

Absolutely the worst people u can ever deal with they take ur info after that u just have to keep hunting them down they will never replay back do not use them if u do not have too

4 years ago

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GeorgeandGillian Johnson City, TN

Payment cloud is a scam and they don’t tell you how much they’re really going to charge you. Do yourself a favor and relist how you word your items before signing up with these scammers

4 years ago

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Al Miami, FL

Avoid at all cost . They get you a merchant witch in my case evo took our money and told us we are not holding any money after 30 day review . Avoid at all cost . They will take you for a ride

5 years ago

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Ryan Martin Plano, TX

Identity thieves. They'll tell you they approve, and once you submit all you information, you'll never hear from them again. Weeks later, you're an identify theft victim.

5 years ago

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sabnash McLean, VA

terrible customer service. painfully slow responses. makes promises and doesn't deliver. avoid.

3 years ago