About Paynet Systems
Overview
Paynet Systems is a payment processing company founded in 1999 and headquartered in Alpharetta, Georgia. The company operates as a registered Independent Sales Organization and Merchant Service Provider of Wells Fargo Bank, N.A. (Walnut Creek, California) and Synovus Bank (Columbus, Georgia). Paynet Systems provides credit and debit card processing for Visa, Mastercard, American Express, Discover, and Diners Club, along with ACH and bank-check processing.
The company serves retail, mail and telephone order, home-based, business-to-business, and e-commerce merchants, and provides point-of-sale equipment, mobile payment tools, and an internet gateway. In 2006 Paynet Systems was acquired by Pipeline Data, though it continues to operate under the Paynet Systems brand.
Pricing
Paynet Systems does not publish a complete rate card on its public website. The pricing information below is reported by user reviews and expert content, not from Paynet Systems directly, and individual quotes vary with industry, processing volume, and contract terms.
Processing Rates
Transaction pricing is reported to fall in a tiered range of roughly 1.5% to 3.5% per transaction, with a representative qualified discount rate near 2.19% and a non-qualified rate around 3.50% plus $0.30 per transaction once monthly processing exceeds the plan limit.
Other Fees
Monthly account fees are reported in the range of $10 to $50 depending on the services included, with separate line items for an internet gateway (around $5 per month) and a credit card terminal plan (around $10 per month). Reviewers also cite a $10 monthly statement fee, a $15 chargeback fee, a PCI compliance fee, and a monthly minimum that varies by plan. Service agreements are reported to run three to six months, with an early termination fee of approximately $75.
Contact
Address: 5955 Shiloh Road, Suite 100, Alpharetta, GA 30005
Phone: 1-800-809-1989
Website:paynetsystems.com
Recent User Reviews
I closed/sold my business in 2022. Paynet Services continued to charge my account. It was processed through another name so the young lady that was handling the closure did not catch it. I know we cancelled the service but they say we didn’t. I have not used the service and I have not been in PCI compliance but they feel justified that charging me monthly was the right thing to do. I requested a cancellation form again but they have yet to send it. I asked to speak with someone else concerning this issue but I was told I could not and they hung up the phone. Stay away from these crooks!