Leaders Merchant Services Review

7
7 Rates & Fees Average
7 BBB Rating & Complaints Average, Resolving complaints-Good
7 Terms & Contract Average
7 Competitive Advantages Average

Updated on November 22, 2021

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888-370-2887
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888-349-0321
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888-287-9995
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888-292-3022
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888-320-5399

About Leaders Merchant Services

Leaders Merchant Services, established in 2000 with their corporate headquarters located at 725 Via Alondra, Camarillo, CA 93012 and is a registered ISO of Wells Fargo Bank, N.A., Walnut Creek, CA. Leaders is a merchant services provider that primarily serves retail, E-commerce, mobile and phone order businesses.

Their website: www.leadersmerchantservices.com states they’re committed to excellence in all aspects of their merchant services relationships and have competitive rates and a wide variety of terminals for your credit card processing needs. While there are some reviews sites that are liberal with their rating system and have no rhyme or reason for their high marks, we analyze merchant service providers and hold them to a higher standard. To be fair and objective we dug deeper and this is what we found.

Rates and Fees: Rating 7/10

♦ Set up fee: None!

♦ Annual fee is $99.00

♦ Monthly fee we found to be anywhere from $7.95 to $15

♦ Monthly minimum: $25.00 but could be lowered to $20.00

♦ PCI compliance fee: $129.00 (high compared to many)

♦ Non-PCI compliance fee: $40 (very high)

♦ Early termination fee ranges from $250-$350

♦ Swipe rates are as low as 0.35% typically offline debit

♦ Keyed in rates as low as 1.79%

So let’s break these down. Obviously the $0.0 set up fee is great and that’s the way it should be. Annual fee is not typical for most merchant services providers and if you can get a monthly fee for around $7.95, we would consider this a decent deal. Monthly min