Universal Transaction Processing opened its doors in April 2013 and serves as a merchant account provider for retailers in the UK. Michael Ault is the founder and CEO of the company which has its head office in Reading. Universal Transaction Processing also provides POS equipment to its clients.
Universal Transaction Processing Credit and Debit Card Processing & Payment Services
Universal Transaction Processing Payments
Universal Transaction Processing accepts all major credit and debit cards and are officially licensed by MasterCard International and Visa Europe. The company uses Barclays Bank Ltd as its acquiring partner.
- Visa
- Mastercard
- American Express
- JCB
- Discover cards
- Local European payments – Giropay, SOFORT, esp, iDEAL
Other Universal Transaction Processing Products and Services
- Card payment machines
Universal Transaction Processing Pricing & Fees
Universal Transaction Processing doesn’t publish its pricing and fees on its website, these can be obtained directly from the company. Rates and fees depend on the type of business you have and the type of credit card transactions you are taking.
To see that that compares have a look at: 2019 UK Merchant Account and Credit Card Processing Fee Comparison.
Universal Transaction Processing Features
- PCI DSS Compliance
- Compatible with a wide range of shopping carts
- 24/7 support
- Simple and easy to install
- Merchant funding
- POS solutions
- Debit and credit card processing
- Mobile phone processing
- Single and recurring payments
- Chargeback
- Competitive rates
- E-commerce solutions
Company Background
Universal Transaction Processing is a private limited company which has been providing a range of credit and debit card payment solutions to SME’s in the UK since 2013. The company’s head office is in Reading and it recently opened an office in Hastings.
The company’s website offers very little information on its background.
Universal Transaction Processing Pros & Cons
The following pros and cons are based on information available on Universal Transaction Processing’s website and reviews from Trustpilot.
Pros:
- Great customer service
- Excellent rates
- Easy installation
- Reliable equipment
Cons:
- Poor customer services
- Discrepancies between sales person information and contract
- Pushy sales reps
- Complaints about large cancellation fee – $1200
Universal Transaction Processing Reviews
- Trustpilot: 4.2 out of 5 based on 155 reviews
Universal Transaction Processing’s Merchant Machine score is 4.2 out of 5 based on Trustpilot and Universal Transaction Processing’s website.
Website: https://www.universaltp.com
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