Revolution Payment Systems Review

Revolution Payment Systems is a veteran-operated company that offers payment processing solutions independently. Founded more than two decades ago, the company is known for providing dependable and safe payment solutions customized for a range of sectors, specifically emphasizing Business-to-Business (B2B) and Business-to-Government (B2G) industries. Lets read more about Revolution Payment Systems Review.

Headquartered in Hagerstown, Maryland, Revolution Payment Systems is a registered Independent Sales Organization (ISO) and Merchant Service Provider (MSP) of Elavon and Wells Fargo Bank. The company has expanded by providing specific services like Level 3 credit card processing, enabling businesses to lower transaction expenses for B2B and B2G payments. This unique specialization distinguishes them from numerous other payment processors that usually cater to broader markets.

The mission of Revolution Payment Systems revolves around transparency, fair pricing, and empowering businesses to operate more efficiently without the burden of long-term contracts or hidden fees. They support a direct and customer-focused method, offering merchants education on comprehending their fees and the newest payment processing technology. Revolution Payment Systems’ dedication to transparent communication and ethical business practices has allowed them to gain the confidence of their clients and uphold a solid reputation in the industry.

Core Services Offered by Revolution Payment Systems | Revolution Payment Systems Review

Revolution Payment Systems offers a comprehensive range of payment processing services designed to meet the diverse needs of businesses across various industries. Their core services are built around ensuring secure, efficient, and cost-effective transactions, with a focus on enhancing business operations.

Credit and Debit Card Processing: Revolution Payment Systems provides robust solutions for processing credit and debit card transactions. These services are designed to accommodate businesses of all sizes, ensuring that payments are handled smoothly and securely. The company supports all major credit card networks, including Visa, MasterCard, Discover, and American Express, offering businesses the flexibility they need to serve a wide customer base.

ACH Processing: Revolution Payment Systems provides Automated Clearing House (ACH) processing as an essential service. This service enables companies to manage electronic payments directly from bank accounts, providing a cost-efficient option to credit card transactions. ACH processing is especially beneficial for businesses that handle regular payments or significant transactions since it lowers processing costs and improves cash flow control.

E-commerce Solutions: Revolution Payment Systems also offers a suite of e-commerce solutions tailored to online businesses. These solutions include secure payment gateways, shopping cart integrations, and support for various online payment methods. The company’s e-commerce services are designed to help businesses optimize their online payment processes, ensuring a seamless and secure shopping experience for customers.

Specialized Services:

Government and Military Payment Solutions: Revolution Payment Systems has carved a niche in providing payment solutions for government and military sectors. These solutions are specifically designed to meet the stringent requirements of these industries, including compliance with Level 3 processing standards, which offer significant cost savings on large transactions.

Business-to-Business (B2B) Payment Processing: The company’s B2B payment processing services are tailored for businesses working with other businesses, providing features such as Level 3 processing to cut transaction expenses and enhance effectiveness.

Value-Added Services:

Tokenization: To enhance security, Revolution Payment Systems offers tokenization services, replacing sensitive payment information with a unique identifier or token. This minimizes the risk of data breaches and fraud.

Recurring Billing Solutions: For businesses that need to manage subscriptions or recurring payments, the company provides recurring billing solutions, ensuring that payments are processed automatically and on time.

Together, these services allow Revolution Payment Systems to meet various business needs, from regular transactions to specific industry demands, with a focus on security, efficiency, and cost-effectiveness.

Technology and Security Features

Revolution Payment Systems emphasizes cutting-edge technology and robust security measures to ensure the safety and efficiency of its payment processing services. By focusing on advanced payment gateway technology and stringent security protocols, the company provides a secure environment for businesses to handle transactions.

Payment Gateway Technology: Revolution Payment Systems offers a sophisticated payment gateway that integrates seamlessly with various business platforms. This technology allows for smooth transaction processing, whether in physical retail settings, online stores, or mobile applications. The payment gateway is designed to support high transaction volumes, providing businesses with a reliable and scalable solution.

Security Protocols and Compliance: Ensuring security is of utmost importance for Revolution Payment Systems. The company follows industry regulations to guarantee secure processing of all transactions. One important way to ensure compliance is through following the Payment Card Industry Data Security Standard (PCI-DSS), which requires strict security measures to safeguard cardholder information. Revolution Payment Systems adheres to PCI-DSS regulations to protect sensitive data and prevent breaches.

Encryption and Tokenization Methods: To further enhance security, Revolution Payment Systems employs advanced encryption and tokenization methods. Encryption ensures that data is securely transmitted over networks, making it inaccessible to unauthorized parties. Tokenization replaces sensitive card information with a unique identifier or token, which is useless if intercepted by cybercriminals. These methods significantly reduce the risk of data theft and fraud.

Fraud Prevention Tools and Measures: Revolution Payment Systems provides a set of tools to help stop fraud and unauthorized purchases. One tool is called 3D Secure, which adds an extra step to online shopping. This step asks customers to prove who they are before they can finish buying something. Also, the company uses smart computer programs that watch transactions as they happen. These programs look for unusual behavior and mark it, so the company can stop fraud before it happens.

Pricing and Contract Terms

Revolution Payment Systems is known for its transparent and flexible pricing models, catering to businesses of various sizes and industries. The company offers multiple pricing structures to accommodate different needs, with a strong focus on providing cost-effective solutions without hidden surprises.

Overview of Pricing Models: Revolution Payment Systems primarily offers three types of pricing models: Interchange-plus, tiered, and flat-rate pricing. Each of these models is designed to provide businesses with options that align with their transaction volumes and business goals.

Interchange-Plus Pricing: This model is preferred by companies seeking transparent information regarding their payment processing fees. Interchange-plus pricing involves charging the specified fee from credit card companies along with an additional set amount. This model allows businesses to easily track and manage their transaction costs, providing clarity on their expenditures.

Tiered Pricing: In this model, transactions are grouped into different tiers, typically qualified, mid-qualified, and non-qualified, with each tier having a different pricing structure. While tiered pricing can sometimes lead to confusion due to its complexity, it can be beneficial for businesses with specific types of transactions that consistently fall within lower-cost tiers.

Flat-Rate Pricing: Revolution Payment Systems also offers a flat-rate pricing model, where businesses are charged a single, consistent rate for all transactions. This model is particularly appealing to small businesses or those with low transaction volumes, as it simplifies the billing process and eliminates the variability of monthly costs.

Explanation of Fees: Revolution Payment Systems also levies a range of fees for the maintenance and processing of accounts, apart from the pricing models. This consists of charges every month for account upkeep and fees for each payment made. The company values its transparent pricing, however, businesses must thoroughly examine contracts to uncover any undisclosed fees that may affect total expenses.

Contract Terms and Conditions: Revolution Payment Systems offers flexible contract terms, often with the option of month-to-month agreements. This flexibility is particularly beneficial for businesses that want to avoid long-term commitments. Additionally, the company typically does not charge early termination fees, allowing businesses to switch providers without incurring penalties if their needs change. However, it’s always advisable for businesses to thoroughly review contract details before signing, ensuring they fully understand the terms and any potential fees involved.

Customer Support and Service

Revolution Payment Systems prioritizes offering top-notch customer support and service, recognizing the importance of dependable assistance for businesses that depend on seamless payment processing. The company provides a range of support options to guarantee assistance is available at all times.

Availability of Customer Support: Revolution Payment Systems offers customer support through multiple channels, including phone, email, and chat, making it convenient for businesses to get the help they need. The company provides 24/7 support to address any issues that may arise at any time, ensuring minimal disruption to business operations. This round-the-clock availability is particularly beneficial for businesses that operate outside of traditional business hours or have customers in different time zones.

Quality of Service: Revolution Payment Systems is distinguished by its exceptional customer service quality. The prompt response time of the company is well-known, as support staff frequently resolve issues quickly to reduce downtime. The support team’s skill and knowledge is impressive; they are adept at addressing various inquiries, including technical problems and billing/account questions.

Training and Resources Provided: Revolution Payment Systems also invests in educating its clients to ensure they are fully equipped to manage their payment processing systems. The company offers comprehensive onboarding support, guiding new clients through the setup process and ensuring they understand how to use the provided tools effectively. In addition, Revolution Payment Systems provides educational resources such as webinars, tutorials, and documentation to help businesses stay informed about best practices, new features, and industry developments.

These efforts to provide robust customer support and extensive resources demonstrate Revolution Payment Systems’ commitment to client satisfaction. Businesses can rely on their responsive and knowledgeable support team to assist with any challenges, making it easier to maintain smooth and secure payment operations.

User Experience

Revolution Payment Systems is designed with user experience in mind, providing businesses with a seamless and efficient way to manage their payment processing needs. The company’s focus on ease of use, accessibility, and customization makes it a suitable choice for businesses of all sizes.

Ease of Integration with Existing Systems: One of the key strengths of Revolution Payment Systems is its ease of integration with a wide range of existing systems. Whether a business uses an e-commerce platform, point-of-sale system, or accounting software, Revolution Payment Systems offers compatibility and straightforward integration. This ensures that businesses can incorporate the payment gateway into their current operations without significant disruptions or the need for extensive technical expertise.

Interface and Usability of the Payment Gateway: Revolution Payment Systems’ payment gateway is crafted to be easy to use and intuitive for users. The design is simple and easy to understand, enabling users to easily move through different features. The design’s simplicity does not compromise on functionality, allowing users to easily access transaction reports, handle customer data, and adjust settings. This allows users of any technical ability to easily use the system, cutting down on the learning curve and allowing businesses to quickly begin processing payments.

Mobile App Functionality: In today’s mobile-driven world, having a robust mobile application is crucial, and Revolution Payment Systems delivers in this area. The mobile app is designed to provide the same level of functionality as the desktop version, allowing users to process transactions, view reports, and manage accounts from anywhere. The app is optimized for both Android and iOS devices, ensuring a smooth experience across different platforms.

Customization Options for Different Business Needs: Revolution Payment Systems understands that each business has unique needs, which is why they offer a range of customization options. Businesses can tailor the payment gateway to fit their specific requirements, whether it’s configuring the checkout process, setting up recurring billing, or integrating with specific third-party tools. This flexibility makes Revolution Payment Systems a versatile solution that can adapt to the evolving needs of any business.

Merchant Account Setup

Opening a merchant account with Revolution Payment Systems is meant to be simple, so businesses can begin taking payments without much trouble. The company makes it easy to go from applying to starting, helping businesses get going fast.

Steps Involved in Setting Up a Merchant Account: The process begins with an online application, where businesses provide essential details such as their business name, contact information, and expected transaction volumes. This initial application helps Revolution Payment Systems assess the business’s needs and determine the appropriate services and pricing structures.

Required Documentation and Approval Process: Following the first application, businesses must provide documentation to confirm their identity and legitimacy. Frequently asked for documents consist of a government-issued ID, business license, bank account information, and potentially recent bank statements or financial records. The process of approval usually includes examining these papers, conducting a risk evaluation to confirm that the company adheres to the creditworthiness and compliance standards.

Timeline for Account Activation: Once all necessary documentation is submitted, the approval and account activation process is relatively quick. In most cases, businesses can expect their merchant account to be approved and activated within a few days, allowing them to start processing payments shortly thereafter. Revolution Payment Systems aims to streamline this process to minimize delays and ensure a smooth transition to using their services.

Tips for Smooth Onboarding: To ensure a smooth onboarding experience, businesses should be thorough in their documentation and prompt in responding to any requests from Revolution Payment Systems. Providing complete and accurate information from the outset can help expedite the approval process. Additionally, businesses should take advantage of the onboarding support offered by the company, which may include setup assistance and training on how to use the payment gateway effectively. By following these steps, businesses can ensure a quick and efficient setup, allowing them to focus on growing their operations without interruptions.

Industry-Specific Solutions

Revolution Payment Systems recognizes that various industries possess distinct payment processing demands, which is why they provide customized solutions crafted to fulfill the particular criteria of sectors such as healthcare, education, and non-profits. These solutions designed for specific industries assist companies in optimizing their payment procedures while also guaranteeing adherence and productivity.

Overview of Solutions Tailored to Specific Industries:

Healthcare: Revolution Payment Systems provides specialized payment solutions for the healthcare industry, addressing the unique challenges of managing payments in medical practices, hospitals, and other healthcare facilities. These solutions include the ability to handle a high volume of transactions, manage recurring billing for services such as insurance copays, and ensure compliance with healthcare regulations, including the Health Insurance Portability and Accountability Act (HIPAA).

Education: Revolution Payment Systems provides payment processing solutions for educational institutions to streamline handling of tuition payments, donations, and other financial transactions. The platform enables schools and universities to offer a variety of payment options, such as credit cards, ACH, and electronic checks, for students and parents, ensuring flexibility in payments. Moreover, their platform effortlessly connects with current administrative software, simplifying financial management for educational institutions.

Non-Profits: Non-profit organizations benefit from Revolution Payment Systems’ solutions that are tailored to the specific needs of fundraising and donation management. The company provides tools for processing one-time and recurring donations, managing donor information, and generating reports for financial transparency. The payment gateway is also optimized for online fundraising campaigns, ensuring a smooth and secure donation process.

Benefits of Choosing Revolution Payment Systems for These Industries:

Choosing Revolution Payment Systems offers several benefits for businesses in these sectors. Their solutions are designed to enhance operational efficiency by integrating smoothly with existing systems and providing detailed reporting features. For example, healthcare providers can benefit from automated billing processes, while educational institutions and non-profits can streamline their financial operations with user-friendly payment portals.

How Revolution Stands Out from Competitors in These Sectors:

Revolution Payment Systems differentiates itself from competitors by offering industry-specific expertise and a strong commitment to compliance. Their solutions are not just generic payment processing tools but are tailored to meet the regulatory and operational needs of each industry. Additionally, the company’s transparent pricing, robust security measures, and dedicated customer support further set it apart from other payment processors, making it a preferred choice for businesses in healthcare, education, and non-profit sectors.

These solutions tailored for specific industries show Revolution Payment Systems’ skill in meeting the distinct needs of various fields, assisting companies and groups to function more efficiently and safely.

Pros and Cons

Revolution Payment Systems offers a range of features and benefits that cater to businesses of various sizes and industries. However, like any service provider, it also has areas that could benefit from improvement. Here’s a balanced look at the pros and cons of using Revolution Payment Systems.

List of Strengths:

Competitive Pricing: One of the standout features of Revolution Payment Systems is its transparent and competitive pricing structure. The company offers several pricing models, including interchange-plus, tiered, and flat-rate pricing, which allows businesses to choose a plan that best suits their needs. This flexibility in pricing, coupled with the absence of early termination fees, makes it an attractive option for businesses looking to manage costs effectively.

Robust Security Features: Revolution Payment Systems places a high priority on security. The business follows PCI-DSS regulations and uses sophisticated encryption and tokenization techniques to safeguard sensitive payment information. Moreover, their fraud prevention features like 3D Secure and live transaction monitoring add an extra level of security, making it a trustworthy option for businesses prioritizing customer data protection.

Specialized Solutions for Niche Markets: Revolution Payment Systems excels in offering tailored solutions for specific industries, such as healthcare, education, and non-profits. These industry-specific services are designed to meet the unique regulatory and operational needs of these sectors, providing businesses with the tools they need to operate efficiently and in compliance with industry standards.

List of Weaknesses:

Potential Drawbacks: While Revolution Payment Systems offers competitive pricing, the actual fee structure can be somewhat complex, especially for businesses unfamiliar with the different pricing models. Understanding the nuances between interchange-plus, tiered, and flat-rate pricing requires careful consideration, which might be overwhelming for some users.

Areas for Improvement: Revolution Payment Systems could enhance by offering greater transparency in pricing and contract details from the start. Although the company is transparent, there are some potential customers who feel that they need more detailed information regarding all potential fees before they commit. Moreover, although customer support is usually effective, improving the range of support options and resources could further improve the user experience.

In summary, Revolution Payment Systems offers a solid suite of services with a focus on security and industry-specific solutions. However, prospective users should carefully review pricing details and consider whether the company’s offerings align with their specific business needs.

Conclusion

Revolution Payment Systems provides specialized payment solutions for various industries, with competitive pricing and robust security features. Although there are some areas that can be improved, such as pricing transparency, the company’s personalized services make it a strong option for businesses in different industries. Businesses looking for secure and specialized payment processing are strongly advised to consider this option.

FAQs

What industries does Revolution Payment Systems cater to?

Revolution Payment Systems serves various sectors such as healthcare, education, non-profits, and government. The company provides customized solutions to address the specific requirements of these sectors, guaranteeing adherence to regulations and effectiveness in payment processing.

How secure are transactions processed through Revolution Payment Systems?

Transactions processed through Revolution Payment Systems are highly secure, thanks to PCI-DSS compliance, advanced encryption, tokenization methods, and robust fraud prevention tools like 3D Secure and real-time monitoring.

What is the typical contract length with Revolution Payment Systems, and are there any penalties for early termination?

Revolution Payment Systems generally provides businesses with the option of month-to-month contracts that are flexible and do not have early termination fees, allowing them the freedom to change providers without incurring penalties if necessary.