1000 Continental Drive, Suite 600
King of Prussia, Pennsylvania 19406
Main Line: 484-581-2200
Toll Free: 800-828-0720
If you’re looking for a credit card processing company and are considering CardConnect, you’ve come to the right place. You’ll want to know about services available, customer reviews, and rates and fees. This CardConnect review and profile gives you all of that information and more.
- What is CardConnect?
- What services does CardConnect offer?
- Fraud Prevention Tools
- What about reporting?
- Is CardConnect secure?
- CardConnect Rates and Fees
- CardConnect Reviews and Reputation
CardConnect is a payment processor founded in 2006 that currently serves over 50,000 businesses across the United States.
CardConnect boasts a client list including JellyBelly, Adobe, Hoover, and General Electric. CardConnect is headquartered in King of Prussia, Pennsylvania, and is a registered ISO and MSP of Wells Fargo Bank and Deutsche Bank. In the summer of 2016, CardConnect went public.
With CardConnect, you can process payments from credit cards, debit cards, and checks. Gift card programs may also be available as an add-on service.
A virtual terminal is available if you would prefer to accept payments using your existing computer. A mobile processing option is available for accepting payments on the go. CardConnect also offers a payment gateway for e-commerce transactions. If you offer goods and services on a recurring basis, CardConnect supports recurring billing to automate the invoice and payment process. Recurring billing can include a card updater to automatically maintain up-to-date customer card information to reduce declined recurring billing transactions. In addition to accepting payments, you can process voids, returns, and refunds.
CardConnect also offers fraud prevention tools to help merchants reduce the risk of processing fraudulent transactions, and online reporting options to effectively manage business from anywhere.
With CardConnect, you can accept major credit cards, including MasterCard, Visa, American Express, Discover, and JCB. Additionally, customers can pay with signature-based debit. Card processing is available through all of CardConnect’s options, including the virtual terminal, payment gateway, and mobile processing service.
If you need to accept checks, CardConnect offers electronic check conversion, allowing paper checks to be automatically deposited as an electronic transaction. Businesses can accept out of state and international checks in addition to local checks. Electronic deposits eliminate the need to go to the bank, saving time.
The CardConnect Virtual Terminal option allows you to accept cards and checks from any internet-capable computer. Take payments in person, over the phone, or by mail, and optionally add a USB card reader for convenient swiped transactions. The Virtual Terminal can also process Level II and Level III data, offering the ability to accept business purchasing cards. Receipts for transactions can be customized and printed or emailed to customers for convenience.
If you need to accept payments on the go, CardConnect Mobile offers the ability to process transactions almost anywhere. A card swiper can be connected via standard headphone jack, and you can capture signatures digitally. In the event of a lost network connection while processing a mobile transaction, you can still accept payments, and upload the transaction information when a connection becomes available. Customizable receipts can be emailed to customers. CardConnect Mobile is ideal if you are frequently away from a storefront.
CardConnect’s gateway has several unique features that allow businesses to more easily optimize interchange fees, which can help to reduce overall processing cost if a business is being billed via an interchange plus pricing model.
CardConnect offers fraud prevention tools to help you minimize the risk of fraudulent transactions and resulting costly chargebacks. Real-time analysis of transactions scans for fraud triggers and automatically declines suspicious transactions while processing non-suspicious payments seamlessly. Additionally, you can utilize the Address Verification System (AVS) which checks the address given by a customer with the billing address on file at the credit card company to ensure a match. CardConnect also supports 3D Secure, offering lower interchange fees and safer transactions. 3D secured is offered by the major credit cards, and is known as Verified by Visa, MasterCard SecureCode, and American Express SafeKey, depending on the credit card brand.
CardConnect's reporting system provides access to a range of reports, including deposits, settlements, statements, and more. The report center is available online, allowing you (or other employees that you designate) the ability to view and analyze information from anywhere, at any time.
CardConnect uses a combination of security tools to help ensure safety. The company combines point-to-point encryption, tokenization technology, and a PCI compliant card storage vault. Point-to-point encryption automatically encrypts data at the time of card swiping or entering, while sensitive data is instantly tokenized for additional safety.
In spring of 2017, CardConnect introudced an option to define AVS mismatch thresholds, helping businesses control transactions using Address Verification. Transactions under the defined amount will be approved even with an AVS mismatch, while those over the threshold will need approval. Note that entering "zero" as the mismatch threshold will decline ALL transactions with an address mismatch.
Read more about using Address Verification.
CardConnect doesn't publish rates or contract terms on their website, but we can help you get a fully-disclosed quote that you can review in private, with no pressure from sales calls. Simply scroll to the top of this CardConnect review and profile and click the “request quote” button.
Note: You’ll need to be signed in to your CardFellow account to request a quote from CardConnect. If you don’t have a CardFellow account yet, you can get one for free in less than 3 minutes. Sign up here.
For a company that’s been around for about a decade, there isn’t as much as you might expect in the way of reviews and customer experiences available online. While it may be a good sign that there aren’t a lot of negative reviews, the flipside is that there also aren’t positive reviews.
As of early 2016, CardConnect is not accredited with the Better Business Bureau, but does have a profile. CardConnect has an A+ rating with the BBB and 17 complaints lodged in the past 3 years. Complaints allege the company charges termination fees after stating there was no contract or cancellation fee, has excessively high termination fees, high rates, and dishonest practices. There are no written reviews separate from the complaints.
There are no positive reviews to be found direct from CardConnect, either, as they don’t list any testimonials on their website.
Given the lack of reviews, it’s particularly important that businesses that have used CardConnect talk about their experiences. If that’s you, please take a minute to leave a CardConnect review.
In April of 2016 CardConnect rolled out its CardPointe platform. CardPointe allows merchants to process transactions via mobile, P2PE terminal, virtual terminal, gateway, and hosted payment pages. Existing CardConnect customers would have seen a notice about the CardPointe service on March and April statements.
The notice informs existing customers that the statement fee will be increased by $10 and renamed “CardPointe Fee.”
Businesses that process a lot of B2B transactions in particular may be interested in the CardPointe system, which offers autofill capabilities for providing enhanced data.
Related Article: Beginner's Guide to B2B Transactions and Enhanced Data.
Unlike general web reviews, verified reviews are posted by businesses that have chosen the processor's quote through CardFellow's marketplace and CardFellow has confirmed with the processor that the business is using its service. Businesses can update verified reviews at any time to ensure the review accurately reflects the processor's performance over time.
Unlike verified reviews which are validated by CardFellow, web reviews can be submitted by anyone viewing this profile. While we validate these reviews as best we can, CardFellow does not verify that a reviewer is using or has used a processor's service.
CardConnect Web Reviews
Dont tell you the fine print
Posted By: Brian Duncan on 11/16/17
I would give them a zero if I could. They don\’t explain all of the fees and the fact that most of the cards will be at the highest rate possible. They will fee you to death and if you leave charge another $750.00 fee, which they don\’t tell you about. IT is a scam. Stay away
Bait and Switch
Posted By: Ethan Anderson on 08/10/17
CardConnect will send you a Schedule A and make all kinds of sales promises. Then they will try to do a bait and switch and say they can’t honor the original proposal, and can you accept the much worst one. I would avoid this company.
Pricing and service depends on sales channel
Posted By: CardFellow on 03/04/16
CardConnect is a large ISO (independent sales organization) with the typical sales model to match. CardConnect leverages a large network of sub-ISOs and ISA (independent sales agents) as resellers in addition to its own in-house sales staff and channels. Each sub-ISO and ISA can set pricing and terms on a per-business basis. This means that you may receive competitive pricing and terms, or you may receive very poor pricing and terms. It all depends on how much you know about how credit card processing fees really work. The more you know, the better the pricing and terms you will receive from CardConnect. The level of service you will receive from CardConnect is completely dependent on the sales channel (direct, ISO or ISA) you use to obtain its services.