MyPayment Guru specializes in high-risk merchant accounts and credit card payment processing. Compared to other payment processors, the company prides itself on having lower rates. It also provides an automated clearing house (ACH) payment processing for non-card payments.
The company is a well-known consultant for standard-risk and high-risk merchants. Some of the industries it has worked with are:
MyPayment Guru also provides a payment gateway that will allow e-commerce sites to accept and process card payments. The gateway can be easily integrated into almost all web platforms and shopping carts. The company also has 24/7 support to answer the clients’ queries and concerns.
Businesses that aren’t accepting credit card payments are losing customers. Credit card processing solutions provide the comfort that customers are looking for in businesses. MyPayment Guru supports merchant accounts to allow businesses to process card payments through in-store, mobile, and virtual terminals. It accepts Visa, Mastercard, JCB, Discover, American Express. It is also PCI compliant.
Although MyPayment Guru works with low-risk merchants, its specialty is providing payment solutions to high-risk industries. It worked with businesses in adult entertainment, online gaming, credit repair, and collections industries.
ACH or automated clearing house enables the merchants to debit from the client’s savings or checking account. The fund will then be redirected to the merchant account. This is done electronically so that customers can pay merchants with electronic checks or fund transfers online.
Merchants also use ACH for recurring billing. MyPayment Guru can help businesses manage payrolls, collectibles, and other financial transactions using ACH.
There is little information about MyPayment Guru’s fees and rates. The website said that there is no setup cost for eCheck payment processing. The rate—called merchant discount rate (MDR)—can be as high as 15%, depending on the business’ risk factor. This is both for domestic (India) and international transactions.
The transaction fee per transaction for eCheck processing is $3 per item. MyPayment Guru said there are no monthly fees.
MyPayment Guru requires a rolling reserve of 10% of the total sales for six months. The merchant can get the amount after another six months. For returning checks, the fee is $35 while the wire fee is around $50 per payout.
There is no information if MyPayment Guru has hidden charges.
There are no formal complaints against MyPayment Guru. There are 13 online reviews about the company. Most of the reviews gave it a five-star rating.
There are no rip-off reports about MyPayment Guru.
There are no other complaints about MyPayment Guru.
MyPayment Guru is not accredited and rated by the Better Business Bureau (BBB), which covers businesses in the United States, Canada, and Mexico. The bureau based its ratings on customer reviews and complaints. Many merchants check BBB ratings first before signing with a payment processor.
The company is not listed on the BBB website. There are no reviews or complaints about MyPayment Guru on the site.
MyPayment Guru looks to be a legitimate company, given the information on its website and its profiles on business networking sites. It also has some mentions on a popular review site in India.
ScamAdviser gives the MyPayment Guru’s website an average to good trust score. The website seems very old, and it has a valid SSL certificate. However, the site’s registrar has a high percentage of scammers and fraud sites. It also has a low Alexa rank.
There are no scam reports about MyPayment Guru.
MyPayment Guru is not facing any class-action lawsuits.
MyPayment Guru publishes clients’ testimonials on the website. The clients said the company helped them prepare the documents for merchant accounts. They added that it was a no-hassle process with MyPayment Guru.
One client thanked the company for helping his business get a merchant account and payment gateway. Another high-risk client said MyPayment Guru provided payment solutions for the growth of this company.
MyPayment Guru has a 4.7/5 rating based on 13 reviews. Most clients have given the company a five-star rating because it could open a merchant account for them in just five days. The company, the merchants added, has a fast and reliable service. They also thanked the team for helping their companies.
Many clients shared their frustrations about failing to get approved for merchant accounts. MyPayment Guru was the only payment processing service provider to provide them with what they needed.
MyPayment Guru is a trusted payment processing service provider in India. It has no scam or rip-off reports. Plus, it received positive reviews from clients. Its website has a ton of information about the company so you can visit it to know more about their services. India-based businesses are not the only ones that can benefit from this company. If you want to reach a global market, you can check out what MyPayment Guru’s experts have to say.
