A website called topcreditcardprocessors.com evaluates and ranks payments industry companies as a means of driving traffic and sales leads to its clients' sites. Merchants who are looking for card services see the ratings and contact the payment firms, said Joshua Moody, topcreditcardprocessors.com's President.
When rating the payment companies, topcreditcardprocessors.com considers background, reputation and experience. Its team checks rates, reliability and customer feedback. It scours reports, the Better Business Bureau site and the Ripoff Report site for red flags. Site users on topcreditcardprocessors.com can pan or praise the companies on the site. Payment companies can attempt to improve their rankings by submitting information to the site.
Yet despite all that homework, achieving the top rank in a category doesn't necessarily mean a company's the best in the business, Moody noted. "This is our opinion, based on what we know about them," he said. "We're looking for somebody who's going to be able to service our audience" of merchants and agents.
Payment companies that don't fit topcreditcardprocessors.com's criteria don't make the ratings. And companies that qualify are ranked if they pay a fee to the site, he said. Currently, the fees vary but generally come to about $1,000 a month per category and can run higher, he noted, adding that payment companies "want to make a return" on the money they invest in the rankings.
The site's 30 categories include credit card processing, high-risk processing, merchant cash advance, small-business loans and retail processing. Companies can choose to pay the fee to become eligible in more than one category.
Topcreditcardprocessors.com bases the price for appearing in a category on the value the listing provides, Moody said. Companies listed higher in the rankings generally pay more because they receive more value. "It depends on traffic numbers, what position they're in, how many categories they're in and what categories they're in," he said of the fees. A merchant cash advance listing brings in more revenue per deal than an automated clearing house listing could generate, and topcreditcardprocessors.com prices the categories accordingly, he said.
Topcreditcardprocessors.com's representatives meet with payment providers at industry conferences and tradeshows to plan their participation. The site views its services as a customized marketing campaign for the payment company. Clients number in the "hundreds," according to Moody. Staff members at topcreditcardprocessors.com help clients promote their brands by writing material that runs on Marketwired, a Toronto-based press-release distribution service, he said. A typical release might list the Top 10 card processors for a certain month or provide highlights of a particular company.
"Agents can take that press release and go out and hit the streets or get on the phone and talk about how they're rated as one of the best companies out there," Moody suggested.
Merchants also learn about the service through topcreditcardprocessors.com's participation in retailer tradeshows, while merchant level salespeople (MLSs) often find out about it at their industry gatherings.
The company also does some pay-per-click advertising, mostly for new categories that have yet to gain traction. Much of the rankings' public exposure, however, comes from Internet searches that merchants or MLSs launch when they're seeking card processing services. Search engine optimization helps assure the site comes out on top or at least on the first page for numerous searches. Merchants account for about 80 percent of the site's traffic, the company noted.
The site also includes a directory of industry companies with free listings. "There's no evaluation process with that," Moody said. "It's merely a listing on the site."
The company has been studying and ranking payments industry companies for nearly five years and employs a 10-person staff, he said. Its parent company, e-ventures Worldwide LLC, has been performing similar functions for 13 years for other industries. The e-ventures website lists 67 industries that it covers, ranging from airlines to web security.
Headquarters for topcreditcardprocessors.com and e-ventures is in Naples, Fla., and the payments industry work occurs in Naples.
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.
Company Profile originally appeared in
The Green Sheet Issue 150801
220601 - Nationwide Payment Systems
211102 - Kalamata Capital Group
210701 - Choice Merchant Solutions
200601 - Delta Payment Solutions
190802 - Credit.net, a division of Infogroup
190702 - Samsung Electronics America Inc.
181201 - Network Merchants LLC
180902 - MainStream Merchant Services Inc.
180801 - Century Business Solutions
180502 - Priority Payment Systems Northeast
180501 - Merchant e-Solutions Inc.
180301 - Wirecard North America
180201 - Sysnet Global Solutions Ltd.
171202 - Secure Cryptopayments
171002 - National Benefit Programs LLC
170902 - Frates Insurance & Risk Management
170901 - DCS Holdings Group LLC
170802 - Apogee Payment Systems LLC
170702 - Active Software & Hardware Systems
170701 - Veratad Technologies LLC
170502 - Frontline Processing Corp.
170501 - Platinum Choice Bancard LLC
170201 - Electronic Payments Inc.
161202 - International Bancard Corp.
161201 - CSR Professional Services Inc
161102 - Digitzs Solutions Inc.
161101 - Residual Sheriff LLC.
160801 - DigiPay: Solutions Inc
160702 - CreditCardProcessing.com
160201 - Lead Tracking Systems LLC
151202 - Benseron Information Technologies Inc.
151201 - CardWare International Inc
151101 - Lion Capital Group LLC
150801 - Topcreditcardprocessors.com
150702 - Vision Payment Solutions LLC
150601 - Conformance Technologies
150502 - Global Processing Systems
150402 - Mercantile Processing Inc.
150401 - Field Guide Enterprises
150302 - Signature Card Services
150301 - Premier Payment Systems Inc.
150201 - Humboldt Merchant Services
150102 - Expansion Capital Group LLC
141102 - National Merchants Association
141001 - Instant Credit Manager
140902 - Merchant Cash and Capital LLC
140701 - National Transaction Corporation (NTC)
140601 - Total Merchant Services
140501 - Nationwide Payment Solutions
140501 - BPC Banking Technologies
140301 - Meritus Payment Solutions
140201 - Process Pink Payments LLC
131202 - First American Payment Systems L.P.
131102 - Evo Payments International LLC
131001 - Live Reps Call Center
130901 - Regal Payment Systems LLC
130901 - The Merchant Solutions
130802 - North American Bancard LLC
130801 - Payment Logistics LLC
130702 - Plug n Pay Technologies Inc.
130601 - U.S. Merchant Systems LLC
130402 - National Processing Co.
130202 - Charge Card Systems Inc.
130202 - Layered Technologies Inc.
130102 - Glazer_Kennedy Insiders Circle LLC
121202 - American Microloan LLC
121102 - Keep in Touch Systems Inc.
121102 - Merchants Choice Payment Solutions
121002 - Washington Bancard Merchant Services LLC
120902 - Central Payment Co. LLC
120802 - Royal Merchant Holdings LLC
120801 - National Benefit Programs LLC
120602 - Cardinal Commerce Corp.
120601 - Veritrans Merchant Services LLC
120502 - ExecuTech Lease Group
120502 - The Small Business Authority
120402 - Chargeback Guardian Inc.
120401 - Electronic Payment Exchange
120301 - Complete Merchant Solutions LLC
120201 - CSR - Compliance Solutions and Resources
120102 - Alpha Card Services Inc.
111002 - Lead Source Call Center
111001 - First Annapolis Consulting Inc.
110902 - Point of Sale System Services Inc.
110901 - Sage Payment Solutions
110801 - Century Payments Inc.
110702 - Creative Vision Studio LLC
110702 - Network Merchants Inc.
110701 - Capital Access Network Inc.
110602 - eProcessing Network LLC
110602 - Moneris Solutions Inc.
110502 - Paragon Application Systems Inc.
110401 - Merchant Implementation Services
110301 - FrontStream Payments Inc.
101202 - CheckAlt Payment Solutions
101102 - Impact Payments Recruiting
101101 - Global Electronic Technology Inc.
101002 - TriSource Solutions LLC
100802 - Federated Payment Systems LLC
100801 - Voltage Security Inc.
100601 - NETSURION (formerly Vendor Safe Technologies)
100502 - Transaction Network Services Inc.
100402 - Secure Payment Systems Inc.
100401 - Elite Merchant Solutions
100302 - Retail Decisions Inc.
100102 - Payment Alliance International
091201 - Performance Training Systems Bankcard Boot Camp
091101 - Merchant e-Solutions Inc.
091002 - Whitehall Capital Advisors LLC
090901 - CoCard Marketing Group LLC
090801 - First National Merchant Solutions
090701 - checXchange Money Transfer Systems Inc.
090601 - Sterling Payment Technologies
090502 - Infinity Payment Systems
090501 - Merchant Cash and Capital
090401 - UseMyBank Services Inc.
090401 - Data Delivery Services Inc.
090302 - Velocity Merchant Services
090302 - Metro Merchant Services
090301 - Smart Transaction Systems Inc.
090301 - DCC Merchant Services USA LLC
090202 - TransFirst Holdings Inc.
090201 - ACH Payment Solutions
081202 - Affirmative Technologies Inc.
081201 - On-line Strategies Inc.
081101 - Vision Payment Solutions LLC
081002 - Veratad Technologies LLC
081001 - International Merchant Solutions LLC
080801 - GreenSoft Solutions Inc.
080702 - Smart Circle International
080601 - International Bancard Corp.
080502 - DRG Telemarketing Inc.
080501 - BCC Merchant Solutions
080402 - U.S. Merchant Systems
080401 - Greystone Business Resources Corp.
080302 - Transmedia Payment Services Ltd.
080102 - Sonoma Technical Support Services
071202 - Barclay Square Leasing Inc.
071102 - FirstView Financial LLC
071001 - Sage Payment Solutions
070902 - YourTownMall Business
070901 - Nxgen Payment Services
070802 - All card Processing-AAMonte-USA
070801 - Money Movers of America Inc.
070602 - Central Point Resources Inc.
070601 - Positive Feedback Software LLC
070502 - Premier Payment Systems
070501 - Amacai Information Corp.
070402 - National Bankcard Systems