Shaw Merchant Group Review

Shaw Merchant Group provides payment processing solutions for small and medium-sized businesses. It carries a variety of POS equipment for in-store payments. These range from countertop terminals to all-in-one smart systems. The company also supports online and mobile payments.

Apart from payment processing, Shaw Merchant Group offers business financing solutions.

Learn more about its services, rates, and customer feedback through this comprehensive review.

 

 

Overview of High-Risk Merchant Accounts and High-Risk Credit Card Processing

High-risk merchants can benefit from Shaw Merchant Group’s products and services. The company provides merchant accounts, as well as the systems needed to process payments. These include POS terminals, online payment gateways, mobile solutions, and more. Apart from credit cards, merchants can process alternative payment methods like cryptocurrency.

Approved merchant accounts will have access to a dedicated manager. The manager will help maintain your account and assist you with any issues. Furthermore, you can apply for the company’s cash advance program to further grow your business.

To start the application process, create an online account through the website.

 

Shaw Merchant Group Services

Here is a quick overview of merchant services offered by Shaw Merchant Group.

Merchant Accounts

Shaw Merchant Group helps businesses apply for a merchant account. The company guarantees the lowest possible rates through its network of banking partners and providers. Once approved, the setup is fast and easy. You will be provided with the necessary systems to process payments.

Payment Processing

Shaw Merchant Group enables merchants to process all types of payments. These include credit cards, debit cards, chip cards, and EBT payments from Visa, MasterCard, American Express, and Discover.

Checks, gift cards, and contactless payments are supported as well. The latter includes Apple Pay and Google Wallet.

The company’s payment processing solutions apply to online, in-store, mobile, and phone transactions. Whatever the case may be, merchants can expect an easy setup and fast fund transfers.

Cryptocurrency Processing

A unique solution offered by Shaw Merchant Group is cryptocurrency processing. The company enables merchants to accept over 100 cryptocurrencies through the NOWPayments payment gateway. It is compatible with shopping carts like Shopify, WooCommerce, OpenCart, Magneto, ZenCart, Ecwid, and WHMCS. This alternative allows you to save on fees and serve more customer preferences.

POS Systems and Terminals

image of shaw merchant group pos system and terminal

Retail merchants can benefit from the company’s POS systems and terminals. Shaw Merchant Group provides an extensive range of products suitable for different needs.

The all-in-one POS system includes a countertop touchscreen terminal with advanced features. It is suitable for restaurants, supermarkets, hotels, leisure venues, and other retail stores.

Another option is the PayAnywhere smart POS system. It is an all-in-one hardware and software system for payment processing.

Both POS systems are capable of processing EMV cards and NFC payments like Samsung Pay and Apple Pay. They also come with features for inventory management, business intelligence reporting, tipping, split billing, and tax management.

The company also provides free credit card equipment. These include countertop, wireless, and mobile terminals. It carries popular brands like Ingenico, Verifone, and PAX.

Virtual Terminal

For online and e-commerce merchants, Shaw Merchant Group provides a virtual terminal. It is a web-based system that allows you to accept payments from your computer.

You can also integrate it into your existing website. It is compatible with different shopping carts via API integrations. Another option is to create a hosted payment page, which connects to your website.

Fraud Prevention

Shaw Merchant Group assures merchants of PCI-compliant solutions. Payments also go through layers of security to protect cardholder data. Additionally, the company provides a Fraud Contract Stack feature to prevent fraudulent transactions.

 

Shaw Merchant Group Rates

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Shaw Merchant Group does not disclose its pricing on its website. However, it assures merchants of the lowest possible rates. It also offers free services like its credit card terminals and virtual terminals. Other than that, it is unclear whether the company charges for other services. It also does not mention early termination fees. As such, it is best to discuss pricing terms in detail.

To eliminate processing fees, merchants can avail of the company’s cash discount program.

 

High-Risk Industries Shaw Merchant Group Serves

Shaw Merchant Group caters to high-risk and hard-to-place merchants. It does not provide a detailed list of industries. However, it does mention the following criteria, which may make you eligible for a high-risk merchant account.

  • Rejected by banks and other merchant account providers
  • Terminated by your previous merchant account provider
  • Bad credit score

  • In need of multi-currency payment processing
  • High rates and rolling reserves
  • Selling products or services that are considered risky

 

Other Notable Features of Shaw Merchant Group’s High-Risk Merchant Accounts

Reports

The company’s POS systems and online solutions include comprehensive reports for merchants. They allow you to view transactions, sales, and more.

Recurring Billing

Merchants can set up recurring billing schemes through the virtual terminal. This allows automatic and convenient payment collection from customers.

Business Financing

Shaw Merchant Group extends its merchant services to business financing. Merchants can avail of cash advances to help grow their business. Depending on your agreement with the company, you can pay them back by withholding a certain amount of your daily credit card transactions. Approval and funding can happen within 24 hours.

 

Shaw Merchant Group Reputation and Reviews

Shaw Merchant Group has over 10 years of experience in merchant services. It was established in 2010 by Scott Shaw. His Linkedin page shows past experience in the industry. These include jobs with PayProTec, Total Merchant Services, eMerchantBroker, and North American Bancard. His background shows competence and knowledge in payment processing.

According to the BBB, the company is officially registered as Scott S. Shaw LLC. Although it is not accredited by the organization, it has a BBB rating of A+.

Despite its decade in the industry, Shaw Merchant Group has barely any customer reviews. We found only two on its Facebook page. They are 5-star reviews, although they do not include any testimonials or feedback. Similarly, the company does not appear on any independent review sites or PR articles. Most online sources just show the company’s profile.

image of shaw merchant group customer reviews

Conclusion

Shaw Merchant Group offers payment processing solutions for in-store, online, mobile, and phone transactions. It supports a wide range of payment types, including credit cards, checks, e-wallets, and cryptocurrencies. Retail and mobile merchants will benefit from a wide range of POS systems and credit card terminals. For e-commerce merchants, the company provides a virtual terminal that you can integrate with your website. Furthermore, the company provides businesses with funding solutions.

While the company does not have that many customer reviews, it boasts of having extensive experience in the merchant services industry. That said, interested merchants are encouraged to consult the company to guide their decision. This will give you a chance to discuss past merchant experiences and pricing terms, which are not found online.

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