Quantum Electronic Payments Credit Card Processing Review

8.3/10
Good

26 reviews
on 2 websites
  • Retail
  • eCommerce
  • Mobile Payments

Key Features

  • Options for Retail, B2B, eCommerce and Mobile Payments
  • Services include Security and Compliance & Cash Discount Program
  • MX insights – big data analytics tool that allows merchants to gain actionable insights to
  • optimize their business and get to know their customer better.
  • Mobile Payments for retail anywhere
  • Point of Sale for excellent customer service
  • Virtual terminals and Online payments
  • Free assessment – no obligation
  • 24/7 customer service

Pricing

There are no upfront charges here, and the company tries to keep payments as simple as possible, unlike many other payment processors. Whether it’s retail or card-not present, the gateway cost will be $0.10 per transaction and then a flat $10 per month. Transaction fees are $0.09, with no cost for setup whatsoever.

You will need to keep to a monthly minimum of just $35, which is pretty low for the industry. There is a statement fee of $5. When it comes to the average discount, for retail this is 0.23% and for card not present, this raises to 0.78%. What we love is how transparent the pricing structure is, with no surprises. Cash Discount Program for retail merchants to eliminate up to 100% of merchant processing fees is available.

Things To Note

Quantum Electronic Payments is serious about security, making sure that all their new partners meet the PCI Data Security Standard within 90 days. This is a real testament to how much they care about privacy and safety for you and your own customers.

The pricing really is as straightforward as it seems, There are no contract fees, early termination fees, or hidden charges. It is important to be aware of your own responsibilities as a client however. You are responsible for the confidentiality of your own account, and the activity which takes place on it. Of course, Quantum has no liability for your substitute products or loss of profits.

In A Nutshell

Mobility is the name of the game with Quantum Electronic Payments. Whether you are working B2B making deals over the internet and phone, in store delighting customers, or starting a business and looking for an affordable way to take payments, there is a cutting edge technology here which will work for your business needs.

Let’s Dive Deeper Into Quantum Electronic Payments

Founded in 2014, Quantum Electronic Payments has more than 1000 clients, all around the world. It has enjoyed BBB Accreditation since the year they started, with an A+ rating. The company is based in California, and privately owned, with a small staff of around 15-20.

One of the things that customers love most about the company, is their no-obligation consultation. In fact, many testimonials discuss how this simply consult saved them more than 20% in operating costs, with a simply switch to their services that was hassle-free. During the consultation, a payment processing expert will look at what you’re getting from your current provider, and honestly appraise your situation. If you are being taken advantage of, they will let you know, but if you can’t be given a better deal by Quantum, they will never suggest you move unnecessarily. If you do move, your rates are frozen, which means you will never be asked to pay more for the same thing.

The company offers solutions for all types of payments. This can be credit card like Visa or Mastercard, to mobile solutions like Apple Pay or Android. Also included, are gift and loyalty cards, ACH and check. You can take payments without the card being there, over the phone, as well as with card readers and no manual entry needed. Whatever your customer wants to use, you’re ready.

Quantum Electronic Payments BEST FEATURES

  • Wide variety of options – Point of Sale, Virtual Terminals, Online Payments and Mobile Payments
  • Really easy implementation – there’s no down time for you or your customers
  • Omni-channel solutions – helping you take payments online, in person, or on the phone
  • Support 24/7 – always get the help when you need it
  • Transparent pricing – straightforward costs, with no hidden fees or price hikes, ever
  • A focus on building strong, long-term relationships with clients, which go the distance
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