Electronic Transfer Inc. Vendor Review

June 4, 2022

Electronic Transfer Inc. is a leading company in cashless payment processing. It offers merchant account services for retail, online, mobile, mail, and phone transactions. It also provides online businesses with a payment gateway for an enhanced eCommerce experience. Since its launch in 1989, it has worked with merchants from various industries.

Below is a comprehensive review of Electronic Transfer Inc. and its services and rates.


With over 30 years of experience, Electronic Transfer Inc. takes pride in specializing in all types of businesses. It does not discriminate based on industry, risk level, or sales volume. On the contrary, its payment solutions are designed to help any business owner achieve success. This includes those high-risk merchants. The company’s risk management solutions help them process and protect payments.

The company offers free merchant accounts for all businesses. Although it does not guarantee automatic approval, it claims to accept most businesses. Once approved, merchants will get a free virtual terminal. It will also gain access to customizable payment solutions. This is subject to a month-to-month agreement and cost-effective rates.


Through this easy application process, the company proves its flexibility in doing business with all types of merchants.


Services Offered by Electronic Transfer Inc.

Below is a list of services available for merchants who apply with Electronic Transfer Inc.

Credit Card Payment Processing

Decades of experience have made the company an expert in credit card payment processing. It has an extensive network of partner banks and credit card companies. This allows them to offer low processing fees for merchants. This service is extended to companies with different types of transactions. This includes:

  • Retail transactions in a physical establishment.
  • Online transactions in an eCommerce store.
  • Mobile transactions for on-the-go customers.
  • Mail transactions.
  • Phone transactions.

Retail Payment Processing

Electronic Transfer Inc. provides credit card terminals for merchants with a physical store. The terminal products include:

  • Equinox.
  • Ingenico.
  • Verifone.
  • Vivotech.

These point-of-sale terminals can accept credit card payments from customers. Merchants have the option to insert, swipe, or key in the information. The transaction will first go through authorization. Once approved, the funds are transferred to the merchant.

The company’s sophisticated terminals can also accept gift cards and checks. Additionally, transactions from chip cards will incur lower processing costs for merchants. For international cards, higher costs are expected. Other terminal features include:

  • Fast processing and settlement.
  • Data security and protection.
  • Payment refunds and adjustments.
  • Integration with the merchant’s existing system.

Online Payment Processing

Electronic Transfer, Inc. also offers an Internet Merchant Account for eCommerce businesses. This includes a payment processing gateway called Fast Charge Payment Gateway™. It is a web-based platform that merchants can access through a computer. It comes with the following free features available for merchants:

  • A virtual terminal to process credit cards.
  • A processing system for check payments.
  • A recurring billing system, which can be set monthly, quarterly, or annually.
  • A shopping cart with basic capabilities.

  • Credit card verification.
  • Acceptance of different credit card companies.
  • Email domain verification.
  • Unlimited user accounts.

Online transactions are more prone to fraud and fake purchases. The company has safety measures in place to prevent these situations, including:

  • Fraud scrubbing.
  • Toll-free telephone support is available for customers 24/7.
  • Verification systems.
  • SSL technology to secure all order pages.
  • Proof of receipt sent to customers and merchants via email.

  • Notification for large transactions.
  • Blocking features for high-risk countries and IP addresses.
  • Prevention of duplicate transactions.
  • Protection against brute-force attacks or accounts with incorrect password attempts.

Lastly, the web-based terminal also includes the following management tools for merchants:

  • Real-time online reporting.
  • Daily batching of orders.
  • Manual uploading of transactions, which can be processed as a single batch.

Mobile Payment Processing

Apart from retail and online businesses, Electronic Transfer Inc. can also help on-the-go businesses. It provides them with mobile solutions to process payments from customers wherever they are. These include:

  • Wireless credit card terminals.
  • Smartphone and iPhone credit card terminals.
  • Swipe credit card readers.
  • Chip card readers.


These products are equipped with sophisticated features for payment processing and data security. Customers simply input their credit card details, and their payment is automatically processed. They are connected to the company’s cloud-based payment gateway, which merchants can access through their computer or mobile device. This allows merchants to print receipts and view past transactions.

This payment processing solution can help merchants with unique business models, such as:

  • Kiosks.
  • Mobile services.
  • Food trucks and food standards.
  • Food delivery.

  • Market vendors.
  • Auto and home repair shops.
  • Home inspection companies.

Mail and Phone Payment Processing

Businesses with mail and phone orders can also benefit from the company’s services. Electronic Transfer Inc. provides a virtual terminal to process orders. Merchants need to log in to their PayPal account and enter the customer’s credit card details. Another option is to upload a batch of orders for one-time processing. Merchants can also set up a recurring billing system.

Recurring Billing

This service is available for all types of merchants. They can set up a recurring billing system through their virtual terminal. They input the customer’s credit card details and a fixed schedule for collection. This type of payment scheme is useful for merchants with subscription or membership products. It also comes with security features.

Shopping Cart Integration

As mentioned, the Fast Charge Payment Gateway™ comes with a basic shopping cart for online businesses. For merchants who already have an existing shopping cart, the company offers integrated solutions as well. It has a plugin for, a popular payment processor. This feature can be integrated into eCommerce stores hosted on WordPress and WooCommerce platforms.


Rates of Electronic Transfer Inc.

Credit card processing rates will depend on the merchant and the nature of its business. Electronic Transfer Inc. promises low rates and no hidden fees. It also offers the free setup of merchant accounts and virtual terminals.

For specific details on potential services and rates for your business, you can apply through the company’s website. An agent will contact you once you submit your business information.


High-Risk Industries Served by Electronic Transfer Inc.

According to the website, Electronic Transfer Inc. specializes in the following high-risk industries, such as:

  • Firearms businesses.
  • Government agencies.
  • Restaurant businesses.
  • Taxi and limo business.
  • Non-profit organizations.


Reputation and Reviews of Electronic Transfer Inc.

The company has been in business for three decades, which proves its expertise in the field. It also holds an A+ rating from the BBB (Better Business Bureau®).


Apart from these credentials, its website contains testimonials from merchants. They highlight the company’s robust system, competitive rates, and reliable support team. It also has a 4.4-rating based on 7 Google reviews. While they are mostly positive, there is one negative feedback about the company’s receptionist. The rest laud its advanced systems.



Electronic Transfer Inc. is a reputable company in the space of credit card processing. It has worked with numerous merchants for over 30 years. Its experience allows it to continuously offer advanced payment solutions for all types of industries.

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