Payment Sphere Review

May 6, 2022

Payment Sphere offers credit card payment solutions to businesses. Your business can start accepting credit card payments in-store and online through this company’s merchant services. It boasts of the best rates in the industry as well as its fast and easy transaction for payouts.

The company works with all major cards such as Visa, Mastercard, Discover, and American Express. It can also process e-checks and set up high-risk merchant accounts at a fraction of the fee associated with these types of accounts. These are the industries where the Payment Sphere is present:

  • Credit repair
  • Collection
  • Adult merchants
  • Debt relief
  • Smoke shops
  • Gun stores
  • Auto industry
  • Pharmacy
  • Telemarketing
  • Vitamins and wellness
  • Loan services
  • Vape supplies

Businesses can easily start processing credit card payments when they sign up with Payment Sphere. Other services the company offers are recurring billing, online reporting, and a mobile app.




Payment Sphere Merchant Services

Credit Card Processing

The main business of Payment Sphere is credit card processing services. It works with Visa, Mastercard, Discover, and American Express, among others. The company’s website said that it accepts all forms of payments via these card companies. It also promised to set up a merchant account easily so your business can begin accepting and processing credit card payments.


Aside from credit cards, Payment Sphere can also provide companies the capabilities to process electronic checks. This is an important service that merchants can provide customers. Many consumers are not comfortable paying with their credit cards online. They have no problem, however, writing a check and authorizing the seller to process the said check.

High-risk Merchants

Payment Sphere works with high-risk industries such as those in adult entertainment, vape supplies, gun shops, credit repair service, and loan services. These businesses cannot get approval from traditional payment processing providers. Payment Sphere can set up merchant accounts for these businesses.

Recurring Billing

If your business has a subscription, you need a recurring billing feature in your processor. Payment Sphere’s billing feature sets up subscriptions to charge customers on a recurring basis. Merchants can accept either credit cards or e-checks.

Mobile App

The company claims that it can allow merchants to process payments via webform or with a credit card reader integrated through a mobile app. The app is free for merchant accounts under Payment Sphere.

Online Reporting

Most businesses find it hard to keep up with inventory and analytics. Payment Sphere’s online reporting feature removes all the trouble. The company claims to have an easy-to-understand reporting package. It also has multi-user access, email invoicing, and an online portal.


Payment Sphere Fees, Rates & Pricing

Processing Fees

Payment Sphere said on its website that it has no setup fees and cancellation fees. Although it does not provide specific fees, it published a table of fees to give merchants an idea of what to expect. Payment Sphere said it has a debit qualified discount rate of 0.05% and a credit discount rate of 2.95%.

It also has a transaction fee of $0.30 and a monthly maintenance fee of $14.99. The website further said that the company has zero setup fees, annual fees, and PCI fees. More information about its fees can be given to customers who ask for a quotation.

Additional Fees

There is no information about Payment Sphere’s additional fees.

Hidden Charges

There are no hidden charges associated with Payment Sphere.

Payment Sphere Complaints

There are currently no complaints published online against Payment Sphere.

Rip Off Reports

There are no rip-off reports found about Payment Sphere.

Other Complaints

There are no other complaints about Payment Sphere.


Payment Sphere BBB Rating

The Better Business Bureau (BBB) has two functions: to accredit businesses and to give them ratings. The rating can range between A+ being the highest and F being the lowest. There is no record of Payment Sphere on the BBB website.

BBB Reviews

There are also no reviews for the company on the BBB website.

Is Payment Sphere Legitimate?

There isn’t that much information about Payment Sphere. It only has a website, which looks legitimate enough. However, when you search for the company on the internet, there isn’t much a user can find. This does not mean that it is not legitimate, but it should also caution merchants.


Payment Sphere is not involved in any scam.


There are no lawsuits against Payment Sphere.


Payment Sphere Customer Reviews

Unlike other payment processing providers, Payment Sphere does not publish customer reviews on its website. It also doesn’t have reviews on the BBB website or other review sites. It doesn’t look like it has a social media presence, too. Aside from its website, there is little information online about the company.


There isn’t much to say about Payment Sphere because you cannot find any information about it. The only mention it has on the internet is on its website. You can find whatever information the company is willing to provide there. Beyond that, it is hard to conclude if Payment Sphere is a legitimate company based only on a single website. It is best to proceed with caution if merchants want to transact with the company.

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