Velocity Merchant Services (VMS) was founded over 20 years ago to provide merchant services to small- and medium-sized businesses. Aside from credit card processing, the company also offers website design services and working capital programs. Some of the business solutions that they provide are:
The company has worked with groceries, restaurants, retail shops, salons and spas, automotive, and other professional services. VMS does not have one-size-fits-all solutions. Every business is unique, so the company has customizable options to ensure a business has what it needs. VMS also takes pride in its exceptional customer care. Clients can reach out to it 24/7 for technical assistance.
VMS provides credit card terminals for your business. Whether in-store, online, or mobile, the company has the right equipment and device. It will allow you to process card payments no matter where you are. You can attend outdoor events and still receive card payments via a mobile card reader.
Businesses will have a hard time expanding their reach without a POS machine. VMS’ POS devices can help manage inventory and keep track of sales records. The company can also help businesses monitor transactions using cash, cards, and alternative payment methods.
VMS also offers website design and management. The company can design and set up a website that will allow you to connect to customers, sell online, and even go mobile.
VMS does not publish its processing fees on its website. It only said that it has the lowest fees in the industry and that it provides transparent pricing with no unexpected processing fees. VMS follows an interchange-plus pricing model.
Another website has revealed VMS’ pricing scheme. A typical contract will last for three years. This is renewable for a one-year term. If you don’t finish the agreement, there is an early termination fee of $395 while the standard PCI compliance fee is $120 a year. Another website said VMS has a swiped, keyed-in, and virtual terminal rate of 1% to 4.99%.
The additional fees will refer to VMS’ equipment lease. One merchant said that leasing terminals and POS equipment will cost around $35 a month for two years. Other fees associated with VMS’ services are payment gateway, technical support, and batch fees. E-commerce businesses have to pay for these.
VMS said it has a transparent pricing scheme with no hidden fees.
VMS has a lot of customer reviews. On Google, it has a 4.6 rating out of 872 reviews. Many of the reviews said that VMS is professional and responsive. Others talked about the high quality of their services.
On Facebook, it has a rating of 4.7 out of 5 based on the opinions of 164 people. Most of the reviews said the company helped get their business up and running. However, some warned potential clients away from VMS.
