Chyp Customer Reviews
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Recent User Reviews
Chyp has made running transactions feel effortless. The platform is clean, modern, and gives us real-time visibility into our sales, which has been a huge plus. We switched from a legacy system, and the difference has been night and day. Everything’s just faster and more intuitive now.
Chyp Company Overview
Chyp, operating under the brand name GoChyp, is a U.S.-based merchant services provider established in 2016. It emerged from the acquisition of Securus Payments’ operations by its former executives, while the existing merchant portfolio remained with Excel Corporation’s subsidiary, eVance. Chyp offers a range of payment processing solutions, including EMV-compliant credit card terminals, point-of-sale systems like Clover, NCR, Lightspeed, and Lavu, as well as mobile payment options and merchant cash advances.
A notable feature of Chyp’s services is its “Zero Cost Processing” program, which allows merchants to offset credit card processing fees by passing a service charge to customers, offering discounts to those who pay with cash. The company provides 24/7 customer support and caters to various business types, including high-risk industries.
However, Chyp has faced criticism regarding its equipment leasing practices. Customers have reported being locked into non-cancellable leases with high costs for equipment valued significantly less than the lease amount. These concerns highlight the importance of thoroughly reviewing contract terms before engagement.