The reason you shouldn’t go for PSi Gate

When you are looking for a merchant account you shouldn’t consider PSi Gate. They will take your money but won’t give you any merchant account. Not only that. They will not also give you the money back!

1.     

    PSi Gate take fee for merchant account setup:

The very first reason behind not to choose PSi Gate for your merchant account is that they imposed a fee for merchant account setup which is really strange (or illegal). Merchant account setup is free when you take any other company for example but PSi Gate will take at least $300 from you. Sometimes they don’t hesitate to take up to $400!

2. 

     Then PSi Gate don’t approve merchant account:

In this period of recession $300-$400 is not a small amount. PSi Gate is taking the money but in most of the cases they are not approving the merchant account. In comparison to other credit card companies their approval rate is quite low. Whereas the other credit companies approve almost 100% merchant accounts! 

3. 

     Finally no money back from PSi Gate:

When you pay someone and that person fails to give you the product or service that you have paid for; refunds the money. It’s a custom and law. But PSi Gate violate this repeatedly. They don’t give back the money to its owner when they don’t even approve the merchant account.

Finally, if you deal with these crooks for merchant account then you will be a double looser.