Leaders merchant review

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Application & Approval Process

10/10

Rates & Fees

9/10

Contract Terms

9.5/10

Customer Support & Benefits

10/10
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Leaders Merchant Services

Overview

Leaders Merchant Services is a California-based company offering payment processing services across all states in the US. The company serves thousands of merchants, accommodating small, mid-size, and large firms. The services are mainly credit and debit card-based transactions and payment processing. With top-rated equipment, Leaders Merchant Services processes both swiped and keyed transactions. The merchant services provider is proud to provide its clients with foolproof security from credit card fraud. Their security system is compliant with Payment Card Industry (PCI) security requirements and also includes end-to-end encryption, as well as card and address (AVS) authentication. In addition to the company’s high-level security and top-rated equipment/software, their customized account offer differentiates Leaders Merchant Services from other payment processing brands; this also ensures all businesses from a variety of industries are served. Approval within the same day, high approval percentage, reasonable rates, and dedicated customer support are other reasons why it is one of the fastest growing companies in the payment processing industry. To get started, clients submit an application through the company’s website.

Service Terms

Once on board, clients will enter into a contract with the company and are expected to comply with Leaders Merchant Services terms and services. The service provider’s contract terms and conditions are as follows:
  1. Clients enter into a 3-year contract with Leaders Merchant Services.
  2. There is a 30-day free trial period.
  3. A termination of the contract during the trial period is accepted and clients will not pay the termination fee.
  4. A termination fee is $350 if the contract is canceled during its first year
  5. A termination fee is $250 if the contract is canceled during the second or third year of the agreement.
Seasonal downtime and other specialized terms are discussed directly with the company representatives.

Services Offered

Leaders Merchant Services provides the following services:
  1. Merchant Account Services
  2. Processing Online Credit Card Transactions
  3. Point-of-Sale Systems (POS), PIN Debit Terminals, as well as Credit Cards
  4. Processing Mobile Credit Cards
  5. Merchant Business Loans and Cash Advances
The company advertises 5 solutions in its website; these are:
  1. Clover – All in one POS solution
  2. Google Pay
  3. Apple Pay
  4. Instant Accept
  5. Samsung Pay

Rates and Fees

Like many other companies in the processing industry, Leaders Merchant Services uses tiered or bundled pricing. The least expensive is the Qualified Bundle; below are the requirements needed to receive the bundle;
  • Swiping the card for swiped merchants
  • Keying the card AVS for keyed merchants
  • Batching the terminal on a daily basis
The other two solutions are Mid-qualified and Non-qualified; the latter is the most expensive. Starting fees are 1.79% for keyed and 0.15% for swiped cards.

Customer Service

Leaders Merchant Services offers 24/7 professional support via toll-free calls and a contact form on the company’s website. The company also has social media presence on Facebook, Instagram, Twitter, and LinkedIn. Address - 30721 Russell Ranch Rd, Ste. 200, Westlake Village, California 91362, US Email - info@leadersmerchantservices.com Phone - 866-438-3494

Conclusion

Leaders Merchant Services offers payment processing services to thousands of businesses, both small and large, across all US states. The company provides a 3-year contract that is bundled in 3 solutions; Qualified, Mid-qualified, and Non-qualified.
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