We earn a commission from brands listed on this site. This influences the order and manner in which these listings are presented.
Advertising Disclosure

PaymentCloud Review (2024)

Tailored CCP solutions
By Top10.com StaffBy Top10.com Staff -
Last Updated: Jan 02, 2024
Visit Site
From 0.39%
Contract length
Contact Payment Cloud for a quote
Free equipment
No, only available for lease

Is PaymentCloud Worth Signing Up For?

PaymentCloud is perfect for businesses that want a dedicated account manager and a customized solution

From 0.39%
Contract length
Contact Payment Cloud for a quote
Free equipment
No, only available for lease

PaymentCloud at a Glance

Editorial Score

Low Rates

Swipe rates start at 0.39%

Low Fees

No additional fees

Payment Services

Credit card, retail, online and mobile payments with high speed processing and affordable POS systems

Additional Benefits

Free cost-reduction analysis, no setup or application fees, dedicated account rep, terminal leasing, new business cash advances

Customer Support

Office enquiries from Monday - Friday, 7am - 6pm PST, Saturday: 7am - 3pm PST, Sunday: 9am - 5pm PST. Call (800) 988-2215

PaymentCloud Pros & Cons


Dedicated account manager
98% approval rate
Cash discount program with free equipment


No fixed pricing. Plans are customized by the business
Potential longer approval timeframe

How do I know I can trust this PaymentCloud review?

Top10.com authors, contributors, and editors are serious about research. We combine our own experience with the services we recommend, with reviews that come from verified users–just like you! Together, with reviews from industry experts, we find the Top 10 best products and services to make sure you can choose with confidence and ease.

PaymentCloud PaymentCloud Visit Site


Payment Cloud Merchant Services

Founded over 7 years ago, PaymentCloud specializes in securing great CCP rates and services for high-risk merchants. PaymentCloud’s Executive Vice President and Managing Partner is Shawn Silver, who has previously been the Vice President of High Risk Merchants for both iPayment and National Bank Services.

Why Go With PaymentCloud

Credit Card Processing (CCP) providers often shy away from high-risk merchants. They prefer not to deal with businesses that potentially have a larger-than-normal volume of chargebacks. This is where PaymentCloud stands out from its competitors: they are experts in dealing with high-risk merchants, and have been doing so for over 7 years.

PaymentCloud provides services not just to restricted or previously terminated merchants, but also businesses such as:

  • Imports and exports

  • Subscription-based

  • Online dating

  • Travel

  • Loan modification

  • Herbal and nutritional supplements

  • Telemarketing

  • Tech support

For all of these and more, PaymentCloud can provide a tailored CCP solution with competitive fees and pricing, to suit each business’ unique needs.

How PaymentCloud Works

What They Offer

  • A free cost-reduction analysis

  • Fast approval times

  • 98% approval rate

  • No setup fees or application fees

  • Free virtual terminal

  • A dedicated account representative

  • Competitive swipe, dip, and chip rates

  • Terminal and equipment leasing

  • New business cash advances

More Reasons to Choose PaymentCloud

PaymentCloud also offers its merchants a variety of additional services to help support its customers’ business activities. Cash advances are available for new businesses, to ensure a steady cash flow through those crucial first years. It is also fully secure, offering Payment Card Industry (PCI) compliance, which means that merchants have complete protection from data breaches and fraudulent transactions.

Another feature of PaymentCloud is that it offers gift and loyalty card programs - an important service that enables merchants to manage their customer relationships better, including increasing customer retainment. And even though mobile and EMV payments are the more popular payment types, PaymentCloud also offers check processing to enable merchants to receive them.

Ease of Use

From the information supplied it seems that PaymentCloud’s services can be set up quickly and smoothly, and new merchants can start processing credit card payments in as little as 24 hours. PaymentCloud claims it processes all major credit cards and payment methods, including Visa, MasterCard, American Express, Discover, Star, and ApplePay. PaymentCloud also processes e-commerce transactions, though no further details about how it does this are provided.

PaymentCloud’s application process appears to be more or less straightforward. To apply, prospective merchants call the toll-free number and are connected with an experienced agent, who stays with them throughout the entire process. Applications may be completed in as little as a few minutes, and merchants will be pleased to know that PaymentCloud has a 98% acceptance rate.

What’s Unique About PaymentCloud

As mentioned, PaymentCloud is unique in that it is dedicated to helping high-risk merchants and their businesses. Though it also provides equally excellent credit card processing rates and equipment solutions for new and existing businesses, it is great to see that PaymentCloud is so passionate about empowering high-risk merchants.

There are also many merchants who would prefer having a dedicated agent or representative taking care of them and their account from day one, instead of being shuffled between customer service representatives. This is why PaymentCloud provides merchants with one-on-one service with a dedicated account manager and representative, so their customers always know exactly who they are contacting.

Contract Terms

Contract terms and conditions are not disclosed on the PaymentCloud website. In order to access them, a merchant must contact a certified representative or agent via PaymentCloud’s phone line, or send them a secure message via a short online form. When we contacted them, the terms were fairly standard, so a shame they were not available in a most straightforward way.

PaymentCloud Customer Support

Having said that, if there is one area that would benefit from being fleshed out in greater detail, it is PaymentCloud’s customer support offering. Though the website clearly states that each account representative is rigorously-trained and dedicated, some might find this service equally constricting, for example, it is unclear if the representatives also cover tech support issues.

In general, PaymentCloud’s account representatives help by:

  • Discussing and outlining all the fees and charges clearly

  • Providing cost reduction analyses, free of charge

  • Assisting merchants with the application process to ensure speedy approval

  • Walking merchants through the setup process

  • Answering queries and general support questions - 24/7

That said, it is unclear as to how each merchant may contact their dedicated representative, it seems the most common method is via phone call (toll-free). It is highly likely that merchants can also get in touch with them via email, however this is not stated outright.

Throughout the rest of CloudPayment’s website there is plenty of detailed information about the different types of businesses they serve, and how PaymentCloud helps solve CCP issues. However, there is not much else for a prospective merchant to browse through. A Frequently Asked Questions (FAQ) page, resources page, blog, or a live chat box could go a long way to reach and engage with potential customers.

PaymentCloud Pricing

Pricing & Special Offers

Merchants receive a virtual terminal, free of charge upon signing up with PaymentCloud, while other equipment can be leased. Wireless and countertop card readers, PIN Pads, and card swipers can all be rented, as can software. All equipment is up-to-date to ensure compatibility with the latest technologies, such as EMV and mobile payments. The company also supplies secure online gateways for Ecommerce based businesses, and flexible, tablet-based POS systems for sole traders and businesses on the move.

PaymentCloud states that it offers merchants full PCI compliance through the PCI Assist program, but again, no specific details about its cost or application process are provided.

With regards to rates, the only indication of its cost is on PaymentCloud’s home page, which claims that swipe rates start as low as 0.39%. While this is an impressive figure—one of the lowest in the industry—it does not specify the conditions in which a business can receive this rate. It also appears that PaymentCloud offers both interchange plus and tiered pricing plans, but again, no additional information is provided.

PaymentCloud PaymentCloud Visit Site

Bottom Line

PaymentCloud is an ideal CCP service for high-risk merchants seeking a reliable provider. It offers a complete range of payment and card processing solutions for a huge variety of B2B and B2C businesses - from online or in-person transactions, to gift cards and checks. PaymentCloud’s 24/7 toll-free phone line also helps merchants to connect with their dedicated account representative, who is completely and competently trained to deal with any type of enquiry.

Moving forward, we would really like to see greater clarity from PaymentCloud on certain issues, including greater transparency about its pricing structures, contract terms, fees, and charges. However, it still remains an excellent choice for high-risk businesses and merchants.

Top10.com's editorial staff is a professional team of editors and writers with dozens of years of experience covering consumer, financial and business products and services.

Copyright © 2009 - 2024 Natural Intelligence Ltd. All Rights Reserved.

Mailing address:

4023 Kennett Pike #50055

Wilmington, DE 19807

Top10.com is designed to help users make confident decisions online, this website contains information about a wide range of products and services. Certain details, including but not limited to prices and special offers, are provided to us directly from our partners and are dynamic and subject to change at any time without prior notice. Though based on meticulous research, the information we share does not constitute legal or professional advice or forecast, and should not be treated as such.

Reproduction in whole or in part is strictly prohibited.

As an Amazon Associate we earn from qualifying purchases.