In this review of Mega M LLC, we will provide a detailed overview of the company's credit card processing services. We will cover the range of services they offer, including point-of-sale (POS) systems, mobile payment solutions, and e-commerce capabilities. The review will identify the types of businesses that might benefit from these services. Additionally, we will examine client and customer reviews to highlight common trends and potential concerns. The article will also address the company's pricing structure, contract terms, and specific services provided. By the end of this review, you will understand whether Mega M LLC meets your payment processing needs.
About Mega M LLC
Established in 2006, Mega M LLC, powered by First Data (now Fiserv), is a U.S. merchant account provider with over 100 independent agencies nationwide and a full-service in-house staff. The company also appears to operate a subsidiary or DBA called “Prime Payment Solutions.”
Mega M LLC Homepage
Traditional Merchant Accounts and Processing Solutions
Mega M LLC offers traditional merchant accounts alongside Cash Discount and Surcharge Programs available to a wide range of businesses including retail, restaurants, e-commerce, mail order, telephone order, petroleum, convenience stores, contractors, home-based businesses, supermarkets, hospitality, and lodging businesses, among others.
In today's business landscape, the ability to accept electronic payments is crucial. Mega M LLC helps businesses set up merchant accounts and provides modern credit card processing technology at competitive prices for various types of businesses, including retail stores, restaurants, and kiosks. The company's PCI-approved payment networks ensure the efficient authorization, settlement, and funding of customer transactions. Mega M LLC manages all necessary activities for processing both credit and debit card transactions, offering a comprehensive payment processing solution.
Payment Types and Processing Technology
Mega M LLC supports a wide range of payment types, including MasterCard™, PIN-based debit transactions, American Express (with separate approval), Diners Club, Discover (with separate approval), loyalty cards, EBT food stamps, ACH payments and collections, check processing, charity processing, recurring billing, Voyager & Wright Express with full acquiring and next-day funding, multi-currency and dynamic currency conversion, Pro Fleet, ATM processing, JCB (with separate approval), Union Pay, e-wallets, gift cards, and more. Their processing solutions include next-day funding, payroll and payroll cards, convenience fee cash discount program, technology fee surcharge program, various reporting options, and different billing and funding arrangements.
POS Solutions and Peripheral Support
Mega M LLC provides POS solutions such as PC legacy systems, tablet cloud-based systems, and smart technology countertop terminals and pin pads. These systems can turn any PC or tablet into a payment-accepting device without interfering with other programs. They support a wide range of peripherals, allowing businesses to accept various payment types, including credit, debit, EBT, check processing, and gift/loyalty cards. The provided POS solutions are secure and comply with the latest security and data encryption standards.
Industry-Specific Solutions
Mega M LLC offers tailored solutions for various industry sectors, including retail, restaurants, e-commerce, hospitality, fine dining, cafes, petroleum, supermarkets, mobile businesses, ATM machines, and secure merchant POS systems for smartphones or tablets. Each sector has dedicated solutions detailed on the company's website, addressing the unique needs of different business environments.
Mega M LLC offers services to a variety of business types
Mega M LLC Customer Reviews
Here's What Their Clients Say
Customer Reviews Summary
Total Online Complaints
<10
Live Customer Support
Yes
Most Common Complaint
N/A
Recent Lawsuits
No
Few Merchant Complaints
Our search yielded only a few negative Mega M LLC reviews, found in the comment section of this review and on other consumer protection websites. Among these, two complaints seemed to lack credibility, presenting as personal attacks rather than substantive critiques. The valid criticisms focused on aggressive telemarketing tactics and questionable billing practices. Considering Mega M LLC’s size and duration in the market, the complaint rate is relatively low. However, it’s worth noting that some complaints might be redirected to Pivotal Payments or First Data (Fiserv), Mega M LLC’s partners. If you have an experience with Mega M LLC, please share your review in the comments section below to help others make informed decisions.
Mega M LLC Lawsuits
No outstanding class-action lawsuits or Federal Trade Commission (FTC) complaints against Mega M LLC have been identified. Clients preferring non-litigious methods to address their concerns are encouraged to report them to the relevant supervisory organizations.
Mega M LLC Customer Support Options
Mega M LLC offers a phone support number and an appointment form on its website. While these support options are valuable, they don’t fully meet the expectations set for top customer service processors. Enhancing these options could further improve customer satisfaction and feedback.
Mega M has been accredited with the Better Business Bureau since January 2016 and currently maintains an “A+” rating. The company has been accredited by the BBB since 2016. The company has received 0 complaints in the past 36 months years.
An “A” Performance Overall
In addition to its clean complaint record, Mega M LLC also has not received any informal reviews to its BBB profile during that span. It should be noted that those reviews are not subject to verification. It is this website’s policy to award companies with 0 complaints an “A” rating. As such, we agree with the BBB’s rating.
The standard agreement for Mega M LLC, processed through Pivotal Payments, outlines a three-year term with subsequent one-year automatic renewals. This contract includes an annual PCI compliance fee of $149, a monthly minimum charge of $25, and an early termination fee—$495 for businesses with monthly transactions over $25,000 and $395 for those below this threshold. Furthermore, there is mention of a long-term, non-cancellable equipment lease agreement facilitated by First Data Global Leasing.
E-commerce Services Pricing Structure
Mega M LLC also offers virtual terminal and payment gateway services as part of its e-commerce solutions. Specific pricing details for these services are not provided directly on their website. However, potential clients should expect additional costs such as gateway fees, support fees, and batch fees, which are common to e-commerce transactions.
Feedback on Fees
A notable complaint found in the comments of a review highlighted an unexpected $99 PCI Compliance fee charged three times within a single year, significantly exceeding the average industry rate. Despite this, the scarcity of complaints might suggest a general customer satisfaction with Mega M LLC’s services and fee structure.
Comparative Cost Analysis
Considering the contract terms, including the significant early termination fee and the high annual PCI compliance fee, Mega M LLC’s offerings may not align with the most competitively priced merchant accounts available. Merchants are advised to thoroughly review terms and consider comparisons to ensure alignment with their financial and service expectations.
Mega M LLC appears to utilize telemarketing and independent sales agents to market its services. The use of independent sales agents is generally linked to higher complaint volumes, but in the case of Mega M LLC, it does not appear to be a major issue. The company also advertises a “customer-driven in-house staff team.”
Potentially Aggressive Methods
The few Mega M LLC reviews we were able to locate did not mention any specific disreputable behavior by Mega M LLC agents, although we did find one complaint about an aggressive telemarketing campaign (“Their pitch in supposed to make us initially believe that they are already our current processor. Their service may be the best or the worst, I don’t know. But their tactics stink and they interrupt me and my business all day long.”) and another about general deceptive conduct.
No Misleading Tactics
To its credit, the company does not appear to engage in any misleading advertising in its official materials. The company’s low complaint total has qualified it for an “A” rating for this section. If you suspect that Mega M LLC is charging you undisclosed fees, we recommend seeking a third-party statement audit to eliminate hidden charges.
Our Mega M LLC Review Summary
Our Final Thoughts
By our standards, Mega M LLC rates as an above-average credit card processing provider. The company appears to offer average contract terms through Pivotal Payments and employs standard hiring practices. The overall lack of valid complaints suggests that Mega M LLC is not a ripoff or scam operation.
Nevertheless, we advise readers to carefully examine the terms of any contract they are offered. It is also prudent to compare Mega M LLC’s costs and services with those of top-rated providers. This due diligence will help ensure that businesses secure the most favorable terms and pricing for their credit card processing needs, leading to a more informed and beneficial decision.
Location & Ownership
Mega M is located at 2376 60th Street, 3rd Floor Brooklyn, New York 11204. Mega M LLC is a registered ISO/MSP of Wells Fargo Bank, N.A., Concord, California. The president and CEO of Mega M is Miron Gillyadoff.
If you found this article helpful, please share it!
In the late 2000s, as a broke college student struggling to make ends meet, I was contacted by a merchant services company after uploading my resume to a job listings website. This company promised substantial commissions and ongoing residual income for simply persuading businesses to accept credit card payments. It seemed straightforward enough—after all, what business doesn’t need to process credit card payments? Following a phone interview with a persuasive “sales director,” I found myself embarking on what I believed would be an easy job that would significantly boost my bank account with reliable monthly income and large sales commissions. However, the lessons I learned would profoundly change my life in ways I could never have imagined.
After completing my sales training, I hit the ground running, eager to make sales. This broke college student was determined to improve his financial situation! My first attempt at a cold call, with no prior appointment, ended with a burly man in his 50s yelling at me to leave, claiming he had been “totally robbed” by someone like me before. As I hastily exited, puzzled and intimidated by his reaction, I couldn’t help but wonder what he meant. Throughout the day, I encountered similar hostility from other business owners, all expressing disdain for the industry I had been so excited to join that morning. Confused and curious, I decided to shift my approach from selling to listening.
I quickly uncovered that the merchant services sector was riddled with unethical practices, including hidden fees, deceptive marketing, fine-print traps, and much more. It dawned on me that I had nearly been tricked by a dubious company into selling overpriced services under contracts with long-term commitments, all without being fully aware of what I was promoting. Outraged, I resigned from that company but learned that there were indeed ethical credit card processing companies that treated their clients fairly. Over the next four years, I worked for one such company, assisting hundreds of businesses in securing cost-effective processing solutions. Yet, I also met many more who had been misled and trapped in onerous service agreements. Determined to help people steer clear of these unscrupulous providers, I launched this website in my spare time, dedicating myself to researching and sharing my findings on every merchant account provider I could investigate.
Gradually, more and more business owners began to discover my articles. As word spread, search engines started to rank my content highly, amplifying its reach. My efforts were making a difference! Eventually, the website garnered enough traffic to enable me to leave my job and focus on it full-time, a journey that has now spanned over a decade. This path has not been without its challenges; unscrupulous company owners have tried to intimidate and sue me into silence on several occasions. Yet, I have stood firm against each threat. Here I am, continuing to publish reviews and articles, hoping to safeguard others from the pitfalls of the credit card processing industry.
If you believe in my mission and wish to contribute, please share my articles on your websites and social media. Thank you for visiting!
Testimonials & Complaints
How Did Mega M LLC Treat You?
2 User Reviews
Thomas Macksoud
I have had MEGA M credit card processing for over 2 years now and have had several issues with them overcharging and padding my monthly charges. in the latest issued statement I received a charge of $99 for PCI Annual Fee which was placed on my statement for the 3rd time in one year.
I caution you to do business with a company so dishonest.
VERY BAD BUSINESS.
STAY AWAY FROM MEGA M!!!
Jack
I didn’t make ani transaction for 2month,and they charge mi $89.95 2 times. Mega M- still money
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Thomas Macksoud
I have had MEGA M credit card processing for over 2 years now and have had several issues with them overcharging and padding my monthly charges. in the latest issued statement I received a charge of $99 for PCI Annual Fee which was placed on my statement for the 3rd time in one year.
I caution you to do business with a company so dishonest.
VERY BAD BUSINESS.
STAY AWAY FROM MEGA M!!!
Jack
I didn’t make ani transaction for 2month,and they charge mi $89.95 2 times. Mega M- still money
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