Leap Payments Review

Leap Payments Review

Author

Overview:
Leap Payments, a merchant account provider, was established in 2009 and is based out of Agoura Hills, California. They have not been long enough in the business but it seems that the brains behind Leap Payments really know where they are headed.

Like other ISO/MSP beginners they also have embraced the essential elements of digital age of business. They not only have Twitter account and Facebook fan page but also own a blog as a mean to communicate with the users online. There is no harm in being more transparent with your processing; in fact it adds positivity to your standing. Like some other new companies they acknowledge the significance of merchant’s education. And that of course, is a plus point.

Coming to their testimonials, they have made a very good impression in this regard.  The testimonial section on their site has a proper list with all detailed information about the merchants which include full name, business name, website, etc. Nothing more could be expected from testimonial section of a company. Keep it up guys!

I rate Leap Payments 4.5 out of 5 just for the reason that they are beginners in the industry and of course, age is an important element in my rating procedure. I am sure you are already aware of the reason for this.

I haven’t found any such thing about them that can add to their downside; it appears to be a great company to work with. I think Leap Payments surely knows how to work through this industry to make a strong standing.

Date Established:
2009.

Location:
Agoura Hills, California.

Domain Name(s):

  • www.leappayments.com.
  • www.mdpaymentsolutions.com.

Parent/Partner Company:
Doesn’t look like Leaps Payments is a subsidiary of any other company.

Type:
Registered ISO/MSP.

Acquiring Bank(s) (Acquirer):
U.S. Bank.

Payment Processor(s):
Elavon/Nova.

Payment Gateway(s):
Authorize.Net, Internet Secure or Payflow Pro.

Trust Symbols:
The Leap Payments BBB profile has an “A-” rating as of this review, with 0 complaintsin the last 36 months.

They are also part of the BBB TrustLink program, so be sure to check back on that periodically. As of now, they don’t have any user reviews.

Negative Reviews:
None found.

Common Complaints:
None.

Verifiable Testimonials/References:
Fully verifiable testimonials on the Leap Payments website. Great job guys!

Security/Privacy:
They don’t have any online security features. Actually they don’t require you to provide any kind of sensitive info like SSN number, etc. Mostly you have to fill an initial contact form and that does not call for such secure apps.

Customer Service:
Have you worked with Leap Payments? Feel free to leave us your review.

Contract Duration:
I am not sure about the exact time period of the contract but according to my information they hold a trial period of 3 months for new clients and an early termination in this case does not charge you with any fee. Don’t forget to read all terms and conditions before signing the dotted line.

Cancellation Fee:
I wasn’t told what the contract cancellation fee would be either, so be sure to ask when you’re signing up.

Interchange-Plus Pricing:
Interchange-plus is offered by Leap Payments.

Seasonal Downtime:
Seasonal downtime is also offered by Leap Payments.

Product/Service Offering:
Retail (Credit/Debit), Point-Of-Sale (POS), Terminals, Internet (e-Commerce), eCheck, Gift Cards, Mail Order/Telephone Order (MOTO).

Product/Service Specialty:
Restaurants, Doctors, Lawyers, Accountants, Consultants, Construction and Home Services.

 

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One Comment

  1. Switching to Leap Payments from Square was definitely worth it. We are saving quite a bit in processing fees. No application fees, not early termination fees and they got me approved the same day… Not a bad deal at all!

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