Freeauthnet.com Merchant Account Provider Review
In our review of the merchant service provider freeauthnet.com, we found a credible, trustworthy business that specializes in providing merchant accounts and online credit card processing. In addition to their multiple glowing customer reviews, freeauthnet.com has an A+ rating from the Better Business Bureau. They are not for everyone, however. While freeauthnet.com provides cheap merchant accounts to online businesses, their services do not extend to point-of-sale transactions. If you are looking for a merchant account to be able to accept credit card payments online, freeauthnet.com is the way to go. If you have an established physical store front, however, you may want to search elsewhere.
Services offered by Freeauthnet
In addition to offering merchant accounts, freeauthnet.com offers a free Authorize.net payment gateway with every account. Other merchant services companies frequently charge hundreds of dollars for Authorize.net. If you already have a merchant account and are only looking for a payment gateway, Freeauthnet.com provides Authorize.net without a merchant account for a relatively small fee. Included with every freeauthnet.com merchant account are a wide selection of shopping carts, e-checks, fraud protection, and free check recovery service. And all of these services are often up and running in a matter of hours after approval although it may take up to a day for setup.
Cost of Merchant Services
Besides the unique selling feature of providing free Authorize.net licensing, freeauthnet.com also provides free merchant account setup. They do charge a monthly internet gateway fee ($13.99), a monthly statement fee ($8.95) and a per credit card transaction fee of $0.24. All fees are drastically discounted compared to industry averages, and their 2.04% discount rate is one of the lowest in the credit card processing industry.
Customer Service Review on Freeauthnet.com
Based on customer reviews as well as well as freeauthnet.comÕs A+ Better Business Bureau rating, customer satisfaction is well above the industry average. In fact, it is a challenge to find a single negative review of freeauthnet.com anywhere online. Their parent company, CMS (Capital Merchant Solutions) did have two negative reviews published on ripoffreport.com. While only one was resolved to the complete satisfaction of the reviewer, the lengths to which CMS went to resolve both these issues were by no means ordinary. As far as customer service goes, they are an extraordinary company with an extraordinary record.
Approval Rating for Merchant Provider
Freeauthnet.com leads the industry with a 99% approval rating for new merchant account applicants. This, in addition to their relatively cheap rates and excellent customer service track record, makes freeauthnet.com an excellent choice for small businesses and new startups.
Value from Freeauthnet
The overall value of price to merchant services is excellent with freeauthnet.com. You might think that you would have to choose between the cheapest merchant services and the best, but that doesnÕt appear to be the case at all. Freeauthnet.com is the total packageÑfull service at a low price. As mentioned earlier, they do not provide service to physical storefronts. So they are not the best option for everyone.
Summary of Freeauthnet.com's Review
Freeauthnet.com provides merchant accounts and internet gateways to online business. They do this at rates that are well below the financial services industry averages, and they do it in a way that keeps their customers happy.
