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Electronic Transfer Inc

Electronic Transfer Inc

electronictransfer.com
What is your customer experience with Electronic Transfer Inc?

Electronic Transfer Inc Overview

The generated data is based on reviews and questionnaires provided by PissedConsumer.com users.

Based on reviews, created with AI
Rating Distribution

2.3 star rating based on 1 customer review. Consumers are mostly dissatisfied and the rating distribution is 100% unfavorable. Electronic Transfer Inc reviews cite a payment processor with very high fees and reported subscription scam behavior after cancellation.

Key Takeaways for Future Customers

  • Expect high service fees and possible hidden billing charges with this payment processor.
  • Limited options for selling guns online may lead merchants to use their services despite concerns.
  • Document cancellations and monitor bank statements for unauthorized charges.

Negative Feedback / Risk Areas

  • Recurring customer complaints about poor customer service and refund or billing delays.
  • Reports of ongoing subscription charges after account cancellation and complex dispute processes.
  • Allegations of opaque fee structures and use of shell entities complicating refunds.

Positive Feedback

Noted as one of the few credit card payment processors that supports selling guns and related high risk merchants.

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Stephen P Avf

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Subscription scam They keep charging very high fees to your bank account long after you cancel service

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AI Highlights
  • Uses high-risk processors with hidden fees and poor service.
  • Cancelling the account led to a subscription scam with $300+ in fees over 6 months.
Original review updated Jan 12, 2023

We sell military collectables on {{Redacted}} and since it is primarily a guns and weapons sales website we have to use high risk credit card processors like Electronic Transfer, Inc./Fastcharge which have very high hidden fees and service charges and doesn't provide the customer service you would receive from a mainstream company. The problem was when we cancelled our account they were very unhappy about it they had made a lot of money from us over the years and we got hit with a subscription scam which took over 6 months and over $300 in fees and charges to get out of.

They are very well organized to do this using shell companies, countless excuses and a host of players with different stories and requirements.

You may have few options if you want sell guns online but beware this is a expensive way to go. You may want to check out the company Flow Payments

Loss:
$335
Pros:
  • One of the few cc payment processors for selling guns
Cons:
  • Very high service fees and hidden fees very poor customer service

Preferred solution: Full refund

View full review

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