paymentcloud review
Business Review

PaymentCloud Review 2023: Features, Pricing, Top Alternatives

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PaymentCloud is a payment processor that enables businesses to accept credit and debit cards online, at a retail store, and at the point of sale. Founded in 2013, PaymentCloud has grown to become a trusted provider of secure credit card processing solutions for businesses of all sizes. With PaymentCloud, businesses can process payments quickly, securely, and affordably — without having to worry about contract lengths, early termination fees, or set-up costs.

In this PaymentCloud review, we’ll take a look at PaymentCloud’s features, capabilities, pricing, point of sale options, advantages, and disadvantages. We’ll also highlight some of PaymentCloud’s top alternatives and compare features, pricing, and customer service.

What is PaymentCloud?

PaymentCloud is a cutting-edge payment processor that enables businesses to accept payments in multiple forms, including credit cards, debit cards, EFTs, and ACH payments. PaymentCloud is compliant with industry security standards and all major payment networks, making it a viable option for businesses of all sizes.

In addition to helping businesses process payments quickly and securely, PaymentCloud provides shopping cart integrations, multiple point-of-sale solutions, and a variety of hardware options to choose from. PaymentCloud is also well-equipped to help high-risk businesses remain compliant with their respective industries.

PaymentCloud Deciding Factors

When evaluating PaymentCloud as a potential payment processor for your business, there are a few key deciding factors to be aware of. The four primary payment processing criteria that PaymentCloud can help you address include:

  • Reliability: PaymentCloud is reliable and trustworthy with over a decade of experience in the payment processing industry.
  • Security: PaymentCloud is compliant with the Payment Card Industry Data Security Standard and has secure data centers to protect customers’ information.
  • Payment methods: PaymentCloud accepts payments in multiple forms including credit cards, debit cards, EFTs, and ACH payments.
  • Pricing: PaymentCloud provides competitive and cost-effective pricing solutions for businesses of all sizes.

PaymentCloud Pricing

PaymentCloud offers a variety of pricing plans to accommodate businesses of all sizes. Small businesses and start-ups are likely to be happiest with PaymentCloud’s “no contract” plan. With no contract, businesses can enjoy no sign-up fee and no monthly minimums. PaymentCloud also offers specialized pricing for high-volume businesses and a wide range of payment methods.

Regardless of your business needs or size, PaymentCloud provides customized and competitive pricing solutions to meet your budget.

PaymentCloud Capabilities

PaymentCloud is a comprehensive payment processor that offers a variety of capabilities to streamline your business’s payment process. PaymentCloud’s features include:

Point of Sale (POS)

PaymentCloud’s POS system allows businesses to accept payments directly at their store’s counter. With PaymentCloud, businesses can accept payments in multiple ways, including contactless payments, mobile wallets, and NFC. PaymentCloud’s POS system is also easily integrated with other POS systems and comes with robust customer support.

Payment Gateway

PaymentCloud’s payment gateway enables businesses to securely accept payments online. This solution allows businesses to streamline checkout and enable real-time reporting and analytics. PaymentCloud also offers sophisticated fraud prevention tools and advanced encryption technology to keep customers’ information safe.

Alternative Payment Methods

PaymentCloud supports a variety of alternative payment options, including EFTs, ACH payments, cryptocurrency, mobile wallets, and contactless payments. This helps ensure businesses are are able to accept payments in any form their customers choose.

Pros

PaymentCloud offers many advantages to businesses looking for a payment processor including:

  • Hardware variety: PaymentCloud offers a range of hardware options including terminals, POS systems, and gateway solutions. Additionally, PaymentCloud is compatible with all major payment networks.
  • Shopping cart integrations: PaymentCloud offers a wide range of eCommerce shopping cart integrations for fast and convenient checkout experiences.
  • Options for high-risk businesses: PaymentCloud is an excellent option for high-risk businesses, offering specialized and flexible pricing plans, 24/7 customer support, and an experienced team that understands the unique needs of high-risk businesses.

Cons

There are a few drawbacks to using PaymentCloud as a payment processor:

  1. Lack of transparency: There is no easy way for businesses to compare PaymentCloud’s services to those of other payment processing providers.
  2. Long approval times: PaymentCloud’s application process can take up to two weeks to go through, leaving businesses waiting for their account to be approved.

PaymentCloud Alternatives

PaymentCloud is a popular and reliable payment processor, but there are still several alternatives to consider. Some of PaymentCloud’s top competitors include:

  • PayPal: PayPal is one of the most popular and well-known payment processors. With PayPal, businesses can accept payments in multiple forms, enjoy a secure checkout, and access customized reporting.
  • Stripe: Stripe is a popular payment processor that enables businesses to set up checkout pages, manage recurring payments, and implement custom payment flows.
  • Clover: Clover is a comprehensive payment processor and point of sale provider. With Clover, businesses can access a wide range of hardware, payment methods, and POS solutions.
  • Square: Square is a mobile payment processor that enables businesses to accept payments on the go. Businesses can also look forward to advanced analytics, custom sales reports, and loyalty programs.

Conclusion

PaymentCloud is a trusted payment processor that enables businesses to accept payments online, at retail stores, and on the go. PaymentCloud offers a comprehensive selection of features and capabilities, as well as multiple points of sale and payment gateway options. PaymentCloud’s cost- effective pricing plans, hardware choices, and specialized services for high-risk businesses set it apart from the competition.

With that said, PaymentCloud has some drawbacks to consider, including lack of transparency and long approval times. Before deciding on a payment processing provider, it’s worth looking at PaymentCloud’s competitors, such as PayPal, Stripe, Clover, and Square. Each of these payment processing options has unique features and advantages that businesses can leverage to cater to their individual requirements.