Does Preferred Merchant Services Take High Risk Merchant Accounts?
How To Cancel Your Merchant Account with Preferred Merchant Services
Preferred Merchant Services Rates and Fees Too High? Is Preferred Merchant Services a Ripoff or Scam?
What Preferred Merchant Services, LLC Appears to Offer
Preferred Merchant Services provides a full range of payment processing solutions, including credit card terminals, mobile payment capabilities, integrated point-of-sale (POS) systems, and online virtual terminals. Their solutions are designed for both in-person and e-commerce transactions, offering features such as next-day funding, chargeback protection, free chip card readers, and integration with the Clover POS product suite. The company also promotes no setup fees, no cancellation fees, and industry-leading 24/7/365 support.
Who They Serve / Typical Merchant Types
The company targets a broad cross-section of U.S. businesses: retail stores, restaurants, online merchants, and service providers. Their ability to connect with most legacy POS systems and the availability of multiple processing options make them accessible to both small and large merchants.
Where They Are Based
Headquartered at 79 Madison Avenue, New York, NY 10016-7802, United States.
Phone Number
Contact: 877-767-2500
How Long in Business
Founded in 2010, Preferred Merchant Services brings over 16 years of experience to the payment processing industry.
What Merchants Should Verify
Processing rates and all fees, including monthly/annual, PCI, batch, and gateway charges
Contract length, early termination fees (ETF), and any clauses for automatic renewal
Details of any equipment (e.g., "free" terminals or chip readers) and potential lease terms
Funding speed and hold policies, especially for new businesses or high-risk categories
Chargeback and fraud support capabilities
Customer service availability and escalation procedures
How to Evaluate Them
Ask for full disclosure of all pricing and contract terms in writing
Request sample statements to understand actual costs
Clarify whether rates will change after an introductory period
Verify consistency between sales promises and the final contract
Check for complaints about fund holds, cancellation policies, and support responsiveness
Share Your Experience
If you have worked with Preferred Merchant Services, LLC, please leave an honest review describing your experiences-whether positive or negative. Mention fee/rate details, customer service, contract and equipment lease terms, support for chargebacks and funding holds, and the ease of cancellation. Share specific dates and information when relevant, but do not include sensitive card numbers or Social Security information.
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Does Preferred Merchant Services Take High Risk Merchant Accounts?
How To Cancel Your Merchant Account with Preferred Merchant Services
Preferred Merchant Services Rates and Fees Too High? Is Preferred Merchant Services a Ripoff or Scam?
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