Review on Flagship Merchant Services by Pedro O. Alvino M.
Payment processor for merchant accounts.
Initially established as a payment processor for retail merchants, after years of establishment it became a reseller of processing services provided mainly by First Data and Paysafe, the latter taking part in the acquisition of the company, so that operates primarily as a reseller for Paysafe.
The products offered by the Flagship Merchant Services platform to merchants are adapted for any type of commerce, according to which they enable payments through mobile devices, email and POS system, the latter consisting of a program that offers merchants the possibility of obtaining a mini point of sale at no cost, in addition to payment services, it offers retailers extensive financial options, be it cash advance and digital loyalty program.
The platform has excellent numbers of merchants, however, it has suffered multiple complaints from its clients, most of them due to its tiered fee system, which is true that it consists of a free account setup for merchants, It distinguishes several rates such as PCI compliance rate and monthly rates, so the platform does not establish any type of information on these rates to its customers either.
Pros
- Payment processor adapted for any type of merchant.
- Was one of the first traditional merchant account providers to offer free account setup.
- You have several payment gateway mechanisms.
- Has a long history of processing flagship credit cards.
Cons
- You have received multiple complaints from your clients.
- Features a tiered fee scheme that complicates retailers.
- Very few methods of contacting customer service.
