Vantiv started in the 1970's and is currently one of the largest credit card processing companies on the market. They have aggressively
been acquiring smaller merchant account companies in a large expansion strategy. They currently handle credit card processing in every
vertical market and are a leader in merchant accounts for the hospitality industry, including restaurants, bars, nightclubs, taverns, and hotels.
There have been some growth pains, especially in the area of support over the past years throughout their quick expansion, which
is rather expected as they systemize the companies they bring into their core business functions. In the past few years, it seems that
their expansion has slowed and they have been more focused on getting the right support setup for their clients, creating a great
credit card processing system for restaurant, bar, and nightclub owners to partner with. Vantiv is a complete merchant account provider and can handle
any type of credit card processing you need, from terminal and POS software
integration, mobile processing, eCommerce, and chip card processing, and terminals.
Secure and integrated payment solutions
Reliable support with 24/7 phone support
EMV chip payments and PCI compliance
Reconcile sales with back-end intelligence
No processing application fees/setup costs
Competitive credit card processing rates
Vantiv IQ intuitive back-office reporting
Integrated credit card processing terminals
Advanced fraudulant credit card detection
Fast and easy credit underwriting process
POS INTEGRATIONS: Vantiv has partnerships with a large number of point of sale software companies, making it a great option for you
if you currently have or looking to invest in one of those software programs. Using an integrated credit card processing option
if you can makes POS software functionality that much more efficient. As we review new point of sale software companies that integrate
with a Vantiv merchant account we will add them below:
PLATFORM: The Vantiv IQ back-office software is extremely intuitive for establishment management. Vantiv IQ is very easy to use
and the amount of detailed information it gives you on your customers spending habits really can help you structure how you operate
in the most efficient way possible. Vantiv IQ lets you process historical reports containing valuable information
about reconciliation, interchange management, fees, possible fraud, exception handling and more. Vantiv IQ is hosted completely
online so there is no software download needed or program installation required, allowing you to access it from a remote location
and from any computer with internet.
OVERALL: Although Vantiv has had some rocky times in the past because of growing pains, they seem to have gotten on top
of things and become a really solid credit card processing company. Because Vantiv already integrates with a large number of POS
software, that helps streamline the process of getting your account setup if the software you choose for your restaurant, bar, or
nightclub is one of their partners. If you currently have a merchant account and looking to switch, Vantiv can usually beat or at least
match your current rates. Vantiv can offer month-to-month contracts to keep you out of a long-term commitment, so be sure to ask
about that option.
4.5 / 5
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