Heartland Payment Systems was founded in 1997. They currently process in excess of 11 million transactions daily. The company’s headquarters are in Princeton, New Jersey.
Heartland Payment Systems is a Fortune 1000 listed company and is the 6th largest payment processor in the US (when ranking by transaction volume). The company serves over 275,000 different businesses across the US.
|Heartland Payment Systems Review|
|Reviewed by Expert Market:||02/15/2016|
Services and Features
- Payment Solutions: Gateway and machine payments, mobile payments, as well as virtual payment terminals.
- Contract Type: 3-year contract.
- Activation and Setup: No setup fee, $295 charge to cancel your account early.
- Administrative Fees: $25 monthly account fee, $20 monthly minimum, online payments will cost$10 monthly.
- Transaction Rates & Fees: $0.05 per retail credit transaction, $0.19 for each retail debit card transaction, and $0.10 for each online transaction. Companies must pay 2.2% of credit, 2.9% debit, and 2.3% online transactions.
The Expert Market Verdict
Although they are based in New Jersey, Heartland Payment Systems do have offices across the US. They are also the 6th largest provider in America, which adds real credibility. Currently they are processing over $120 billion dollars annually, which is a phenomenal amount.
Heartland Payment Systems also have very active Facebook and Twitter accounts which they regularly use to post new content. This is a company to consider for all merchants looking to process regular amounts and an especially good choice for restaurants, considering their bespoke restaurant POS is one of the best systems around.
It is good to see Heartland Payment Systems offering some really unique solutions in a market where it is often hard to find real differences between payment processors. A lot of the company’s more unique offerings are aimed at businesses who regularly process credit and debit card transactions. If your company processes less than $50,000 in a year, Heartland Payment Systems is not the best processor to take out a contract with, but for everyone else they are definitely one of the top options available right now.