About Main Street Merchant Solutions
Overview
Main Street Merchant Solutions is a payment processing brand operated as a service of Symmetric Technologies, Inc., a Massachusetts software and payments company based in Newton. The brand functions as a referral channel that places merchant accounts with backend processors rather than processing transactions directly.
The company serves as an agent of Electronic Payments, Payment Logistics, and Clearent. Electronic Payments and Payment Logistics are registered ISOs/MSPs of Wells Fargo Bank, N.A., Walnut Creek, CA, and Payment Logistics is also a registered third party processor of MasterCard International. Clearent, LLC is a Member Service Provider for Central Bank of St. Louis, Clayton, MO.
Products and Services
Main Street Merchant Solutions focuses on online and card-not-present commerce rather than countertop hardware. The company resells e-commerce payment gateways from Authorize.Net, Network Merchants Inc. (NMI), eProcessing Network, and USAePay, and supports recurring billing, virtual terminals, shopping cart integrations, and custom API integrations through those gateways. Merchants can accept the major credit cards, debit cards, and ACH payments; mobile wallet and additional card brand support depends on the chosen gateway. The target customer base is low-risk retail and online merchants; the company does not market itself to high-risk verticals.
Pricing
Processing Rates
Main Street Merchant Solutions advertises interchange-plus pricing. Independent expert content reports both swiped and keyed-in transactions priced at interchange plus 0.10%, with the carrier's interchange and assessment fees passed through on top of that markup.
Other Fees
According to expert content, merchants may pay a monthly account fee in the range of $5 to $35 and an annual PCI Compliance fee of $79.95. The company does not charge an early termination fee. Other line items typical of merchant accounts, such as application or setup fees, batch fees, payment gateway fees, and monthly minimums, are not disclosed publicly and may vary by the partner processor a given account is placed with.
Contact
Ownership/Leadership: Brian Huyser (Founder and President, Symmetric Technologies, Inc.)
Address: 275 Grove Street, Suite 2-400, Newton, MA 02466
Phone: 888-200-7900
Website:mainstreetmerchantsolutions.com
Recent User Reviews
Main Street Merchant Solutions made getting set up easy, and we’ve had no issues with processing since we started. The rates have stayed consistent, and their team actually follows up which we didn’t get from our last provider. It’s been a good switch for us.