Review on TSYS by Pedro O. Alvino M.
Experienced business service provider.
One of the commercial service platforms with several payment systems for different types of consumers, in a way that allows users to manage their own account and transactions, as well as facilitates electronic payment procedures through different terminals that are used. available from the TSYS company.
One of the most determining factors of the platform is the age it has online for consumers, although it is worth adding that it was acquired by Global Payments, which is expected to modernize TSYS services according to the functions of Global Payments.
So TSYS offers almost everything a business needs to process payments, including merchant accounts, point-of-sale (POS) solutions, and payment gateways, extensively necessary tools for retailers and high-volume merchants, Furthermore, as a contract configuration, it uses a monthly system and not an annual one.
The problem that this processor causes is the lack of transparency in the matter of rates, in such a way it has had complaints from its customers regarding relevant information of its rate system, so that for some users it may generate mistrust.
Pros
- It has availability of services in a wide variety of countries.
- It is one of the oldest payment processors on the market.
- Includes various payment mechanisms for consumers.
- It has encryption technology for the security of user data.
- It has received numerous recognitions and awards from financial institutions.
Cons
- It is not adapted for merchants for low volume of transactions.
- Very little modern customer service support system.
- Has very high early termination fees.
