Goedps.com Review

Based on looking at the website Goedps.com, it presents itself as “Electronic Data Payment Systems” EDPS, aiming to simplify credit card processing for businesses. The site emphasizes cost savings, next-day funding, 24/7 customer service, and fraud prevention. While these features appear beneficial for businesses seeking payment solutions, a deeper dive into the offerings, particularly “Merchant Funding” through “Quicken Capital,” reveals an area of concern that raises ethical questions. The site’s clear focus on facilitating credit and debit card transactions, alongside potentially interest-based funding mechanisms, warrants a cautious approach from an Islamic perspective, as such financial practices often involve riba interest, which is prohibited.

Here’s an overall review summary:

• Overall Impression: Goedps.com appears to offer standard payment processing services with a strong customer-centric marketing approach.
• Key Services: Credit card processing, ACH/check conversion, POS systems, online/virtual solutions, mobile terminals, digital wallet support, gift card/loyalty programs, and merchant funding.
• Stated Benefits: Cost savings, next-day funding, 24/7 customer service, fraud prevention, no hidden fees, dedicated account reps, PCI compliance, free analysis & reporting.
• Ethical Consideration Islamic Finance: The “Merchant Funding” section, specifically “Quicken Capital,” suggests loan-based funding, which in conventional finance typically involves interest. This raises significant concerns regarding riba, which is strictly prohibited in Islam.
• Transparency: While they claim “no hidden fees” and “transparent statements,” the details of the “Merchant Funding” e.g., interest rates, terms are not explicitly detailed on the homepage, necessitating further inquiry to confirm Sharia compliance.
• Recommendation: Due to the strong likelihood of interest-based financial services, Goedps.com is not recommended for businesses seeking Sharia-compliant payment and funding solutions.

Engaging with payment processors and financial solutions requires meticulous due diligence, especially when adhering to Islamic principles. While the promise of streamlined operations and cost savings is attractive, the method of achieving these benefits must align with ethical guidelines. The inclusion of a “Merchant Funding” program, without clear disclaimers about its adherence to interest-free principles, suggests it likely operates on conventional, interest-based models common in the financial industry. For Muslim business owners, this is a critical red flag. The core of Islamic finance strictly forbids riba, emphasizing equity-based partnerships, profit-sharing, and asset-backed transactions as alternatives to interest-bearing loans. Therefore, any service that facilitates or directly provides interest-based funding should be avoided.

Here are 7 ethical and Sharia-compliant alternatives for business services, focusing on payment processing and business tools that avoid interest-based funding:

• Stripe: A widely recognized payment processing platform known for its robust API, developer-friendly tools, and comprehensive suite of payment solutions for online businesses.
  • Key Features: Online payment processing, recurring billing, invoicing, fraud prevention, global payments.
  • Average Price: Transaction-based fees e.g., 2.9% + $0.30 per successful card charge.
  • Pros: Highly scalable, extensive integrations, excellent developer resources, reliable.
  • Cons: Can be complex for beginners, potentially higher fees for small transactions.
• Square: Popular for small to medium-sized businesses, offering a complete POS system, hardware, and payment processing for in-person and online sales.
  • Key Features: POS hardware, online store builder, invoicing, virtual terminal, payroll, appointment booking.
  • Average Price: Transaction-based fees e.g., 2.6% + $0.10 for in-person. 2.9% + $0.30 for online. Hardware sold separately.
  • Pros: User-friendly, all-in-one solution, good for brick-and-mortar and mobile businesses.
  • Cons: Can be more expensive for high-volume businesses, limited international support.
• PayPal Zettle formerly iZettle: A mobile POS solution excellent for small businesses, pop-up shops, and service providers, allowing card payments via a card reader connected to a smartphone or tablet.
  • Key Features: Mobile card reader, inventory management, sales reporting, invoicing, integration with PayPal.
  • Average Price: Transaction fees e.g., 2.29% for card reader payments. Card readers sold separately.
  • Pros: Portable, easy setup, affordable for small businesses, good for on-the-go sales.
  • Cons: Primarily focused on in-person payments, less robust for complex online stores.
• Authorize.net: A long-standing payment gateway that connects a merchant’s website to their payment processor, widely used for online sales.
  • Key Features: Payment gateway, recurring billing, fraud detection suite, customer information manager.
  • Average Price: Monthly gateway fee e.g., $25 plus per-transaction fees e.g., $0.10 and batch fees.
  • Pros: Secure, widely compatible with various shopping carts, robust fraud tools.
  • Cons: Requires a separate merchant account, setup can be technical, potentially higher overall cost.
• Shopify Payments: Integrated payment processor for businesses using Shopify’s e-commerce platform, simplifying online sales.
  • Key Features: Seamless integration with Shopify stores, no transaction fees for using external gateways though gateway still charges, fraud analysis.
  • Average Price: Varies with Shopify plan e.g., 2.9% + $0.30 for basic plan, declining with higher plans.
  • Pros: Extremely convenient for Shopify users, simplified accounting, competitive rates.
  • Cons: Only available to Shopify merchants, limited features if not fully leveraging Shopify.
• Tally: While not a payment processor, Tally is a financial automation tool that helps users manage and pay off credit card debt more efficiently. It can assist in developing a disciplined financial approach, which aligns with the Islamic emphasis on avoiding debt and interest. Note: As Tally involves managing existing credit card debt, it should be approached with the understanding that Islamic finance strongly advises against using credit cards with interest-based structures. However, for those already in such situations, Tally can be a tool to expedite debt repayment and move towards a Sharia-compliant financial standing.
  • Key Features: Automates credit card payments, analyzes debt, offers tailored repayment plans.
  • Average Price: Free basic version. Tally+ premium is a subscription fee.
  • Pros: Helps manage multiple credit cards, potentially saves on interest by optimizing payments, promotes financial discipline.
  • Cons: Only addresses existing credit card debt which is ideally avoided, not a Sharia-compliant alternative to riba itself.
• Ariba Network: A B2B e-commerce platform by SAP Ariba that helps businesses manage procurement, invoicing, and supply chain collaboration. It promotes transparent, efficient, and ethical business-to-business transactions.
  • Key Features: E-procurement, invoice management, contract management, supply chain collaboration.
  • Average Price: Varies based on scale and services. typically subscription-based for enterprises.
  • Pros: Streamlines B2B operations, enhances transparency, good for large enterprises, supports ethical supply chains.
  • Cons: Designed for larger businesses, complex to implement for small businesses, not a direct payment processor for end customers.

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IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Goedps.com Review & First Look

When you land on Goedps.com, the immediate impression is one of professionalism and clarity.

The site, representing Electronic Data Payment Systems EDPS, positions itself as a straightforward solution provider for credit card processing, removing the “mystery” from what can often be a complex area for businesses.

Their tagline, “It’s your money, not ours,” sets a tone of trust and transparency, aiming to reassure prospective clients about their financial interests.

This is critical in the payment processing industry, where hidden fees and opaque statements are common pain points.

The homepage is well-organized, with key selling points prominently displayed: Cost Savings, Next Day Funding, 24/7 Customer Service, Fraud & Chargeback Prevention, No Hidden Fees, Dedicated Account Reps, PCI Compliance, and Free Analysis & Reporting. Each of these points addresses a common concern for businesses looking for a payment processing partner. For instance, “Next Day Funding” is a significant draw for businesses needing quick access to their revenue, impacting cash flow directly. Similarly, “Fraud & Chargeback Prevention” highlights a crucial security aspect that can save businesses substantial losses and headaches. The emphasis on “PCI Compliance” is also a strong indicator of their commitment to security standards, which is non-negotiable in handling sensitive payment data. The site does a good job of presenting itself as a comprehensive solution, covering various payment environments from brick-and-mortar to mobile and virtual. Wearezouma.com Review

Initial Impressions on Transparency and Clarity

Goedps.com’s initial presentation leans heavily on positive customer-centric language. They talk about being “intentionally different” and “invested in your success.” This narrative is designed to build rapport and differentiate themselves from larger, more impersonal corporations. While the language is appealing, the lack of immediate, upfront pricing details on the main page is a common industry practice but can be a point of friction for businesses that prefer full transparency without requiring a consultation. They do offer a “complimentary savings analysis,” which is their way of engaging potential clients for a personalized quote. This approach, while standard, leaves some initial questions unanswered for those looking for quick comparisons.

The navigation is intuitive, with clear links to specific services like “credit card processing,” “ACH/checks,” and different “payment solutions” Point of Sale, Online/Virtual, Countertop & Mobile. This makes it easy for a visitor to quickly find information relevant to their specific business needs.

The presence of customer testimonials, such as the one from a “roofing customer” praising their fraud detection, adds a layer of social proof, reinforcing their claims of strong customer service and security.

However, for a complete ethical review, the specifics of their “Merchant Funding” program, “Quicken Capital,” warrant closer scrutiny, as this is often where conventional financial pitfalls like interest riba can be embedded.

Goedps.com Services: A Deeper Dive

Goedps.com, through its Electronic Data Payment Systems EDPS brand, offers a suite of services designed to cover various aspects of business payment acceptance. Pop-upbanners.com Review

They aim to simplify the often-complex world of credit card processing, providing solutions for diverse business models, from physical storefronts to online operations and mobile ventures.

Understanding these services is key to evaluating their overall utility and ethical implications.

Diverse Payment Acceptance Solutions

EDPS provides multiple avenues for businesses to accept payments, catering to different operational needs. This includes:

• Point of Sale POS Systems: For brick-and-mortar businesses, these systems facilitate faster processing and smarter management of daily operations. They often involve hardware terminals that integrate with inventory and sales reporting.
• Online/Virtual Solutions: Critical for e-commerce and businesses operating without a physical presence. These solutions enable online payment flexibility and are designed to enhance the bottom line by reaching a broader customer base.
• Countertop & Mobile Terminals: Offering flexibility for in-store or on-the-go processing. This is particularly useful for service-based businesses, delivery services, or pop-up shops that need to process payments securely from anywhere.
• Digital Wallet Support: The ability to accept payments from modern digital wallets like Apple Pay, Google Pay, and Masterpass ensures businesses stay current with consumer payment trends, offering speed and convenience.

These core payment processing functionalities are standard in the industry and provide the necessary infrastructure for modern commerce.

From an ethical standpoint, facilitating transactions themselves is permissible, provided the underlying business activities are lawful. Protrainings.com Review

The concern arises when these services are intertwined with interest-based financial mechanisms.

Merchant Programs and Their Implications

Beyond basic payment processing, EDPS introduces several “unique merchant programs” aimed at helping businesses thrive. These include:

• Credit Card Processing: The core offering, enabling businesses to accept credit/debit cards simply and affordably. This is the foundation of their service.
• Gift Card & Loyalty Programs: Designed to enhance customer retention and attract new business. These programs typically involve a system for issuing and managing gift cards and tracking customer loyalty points, fostering repeat business.
• Member Association Discounts: Offering discounted services to members of certain industry associations, potentially providing cost savings for businesses affiliated with these groups.
• Merchant Funding Quicken Capital: This is the area that requires the most scrutiny from an Islamic finance perspective. The description, “Get the business funding you need fast with our own solution called Quicken Capital,” strongly suggests a loan-based funding mechanism. In conventional finance, such funding invariably involves interest riba, which is strictly prohibited in Islam. Unless explicitly stated otherwise, and structured through Sharia-compliant models like Musharakah partnership or Murabaha cost-plus financing, this service would be problematic. The lack of detailed information regarding the structure of “Quicken Capital” on the homepage reinforces the need for extreme caution or outright avoidance for Muslim businesses.

Software Integration and Security

EDPS highlights its capability for software integration, allowing businesses to connect their payment solutions with existing applications like QuickBooks, NetSuite, and Shift4. This is a significant advantage for businesses that rely on these systems for accounting, enterprise resource planning, or specialized payment processing. The seamless integration minimizes disruption and enhances efficiency.

Furthermore, their commitment to PCI Compliance is a crucial security aspect. The Payment Card Industry Data Security Standard PCI DSS is a set of security standards designed to ensure that all companies that process, store, or transmit credit card information maintain a secure environment. Being certified in PCI compliance indicates a serious approach to protecting sensitive customer data, which is a fundamental responsibility for any payment processor. However, even with robust security, the ethical permissibility of certain financial products remains a distinct consideration.

Goedps.com Pros & Cons

When evaluating any service, it’s essential to weigh its advantages against its drawbacks. Deelat.com Review

Goedps.com, like any business, has its strong suits and areas where it might fall short, especially when viewed through the lens of ethical considerations.

Stated Advantages and Potential Benefits

Goedps.com highlights several features that would generally be considered beneficial for businesses seeking payment processing solutions:

• Customer-Centric Approach: The website emphasizes personalized support, dedicated account representatives, and 24/7 customer service. This focus on customer care is a significant plus, as navigating payment processing issues can be complex and frustrating. “We will never, ever, ever give up on finding the solution to meet your needs” is a powerful statement.
• Cost Savings & Transparency Claims: They assert “Cost Savings” and “No Hidden Fees” with “price protection and transparent statements.” While these claims require verification through a detailed quote, the promise itself addresses a common pain point in the industry. Businesses often struggle with opaque fee structures that erode their profits.
• Fast Funding: “Next Day Funding” is a considerable advantage for businesses reliant on quick cash flow. Accessing funds rapidly can significantly impact operational efficiency and liquidity, especially for small and medium-sized enterprises.
• Robust Security & Compliance: The explicit mention of PCI Compliance is a strong indicator of their commitment to data security standards. In an age of increasing cyber threats, knowing a processor adheres to industry-best practices for handling sensitive payment information is paramount.
• Fraud & Chargeback Prevention: Offering solutions to protect against fraud and manage chargebacks can save businesses substantial time, money, and stress. This proactive approach to risk management is a valuable service.
• Versatile Payment Solutions: Goedps.com caters to various business types—brick-and-mortar, mobile, and virtual—with solutions like POS systems, online gateways, and mobile terminals. This versatility ensures they can serve a broad spectrum of clients.
• Software Integration: The ability to integrate with popular accounting and ERP software like QuickBooks, NetSuite, and Shift4 streamlines operations and reduces manual data entry, improving overall business efficiency.

Concerns and Disadvantages Ethical and Practical

While the stated benefits are appealing, several points raise concerns, particularly from an Islamic ethical perspective:

• Merchant Funding Quicken Capital and Riba: This is the most significant ethical drawback. The offering of “Merchant Funding” through “Quicken Capital” strongly implies interest-based lending. In Islamic finance, riba interest is strictly prohibited, regardless of whether it’s charged or paid. For Muslim businesses, engaging with or benefiting from such a service would be impermissible. The website provides no details to suggest this funding is Sharia-compliant e.g., structured as Musharakah, Murabaha, or Ijarah. Without explicit confirmation of an interest-free model, this service renders the platform ethically problematic for those adhering to Islamic principles.
• Lack of Upfront Pricing: While they offer a “complimentary savings analysis,” the absence of direct pricing or fee schedules on the website means businesses cannot easily compare costs without engaging with a sales representative. This can be time-consuming and inconvenient for those doing initial research.
• Limited Information on Partner Banks/Processors: While EDPS is the brand, the website doesn’t clearly state which acquiring banks or major payment networks they partner with. This information can be crucial for businesses doing due diligence and understanding the underlying infrastructure.
• General Claims Without Specifics: Terms like “Cost Savings” and “Affordably” are subjective. Without concrete examples or average rates, it’s difficult to verify these claims independently. Businesses need specific figures to make informed decisions.

In summary, while Goedps.com offers appealing features for operational efficiency and customer support, the core ethical concern stemming from the “Merchant Funding” program makes it a challenging recommendation for businesses committed to Islamic finance principles.

Goedps.com Alternatives

Given the concerns surrounding Goedps.com’s “Merchant Funding” program, particularly its likely adherence to interest-based financing, it’s crucial for businesses seeking Sharia-compliant solutions to explore ethical alternatives. These alternatives focus on providing legitimate payment processing services without entanglement in riba interest or other impermissible financial practices. The key is to find platforms that facilitate transactions while ensuring any associated financial products or loans are structured in an Islamic compliant manner, or to simply avoid those aspects entirely. Totalbodywellnessclinic.com Review

Here are categories of alternatives that offer various business services, prioritizing those that align with ethical and Islamic financial principles:

Sharia-Compliant Payment Gateways & Processors

These platforms focus purely on the technical facilitation of transactions, allowing businesses to accept payments without directly engaging in interest-based lending on the part of the payment processor itself.

Businesses should still ensure their own operations and any other financial products they utilize are Sharia-compliant.

• Stripe: One of the most popular and developer-friendly payment processing platforms globally. Stripe enables businesses to accept payments online, in-app, and in-person. It offers a comprehensive suite of tools for recurring billing, invoicing, and fraud prevention. Stripe’s core service is transaction processing, not lending, making it generally suitable for Sharia-compliant businesses. You’ll pay per transaction, typically a percentage plus a fixed fee.
• Square: Ideal for small to medium-sized businesses, Square offers a complete point-of-sale POS system, hardware, and payment processing services for both online and in-person sales. Square’s primary revenue comes from transaction fees, and while they do offer some business loans, these are separate products that can be opted out of. Businesses can use Square purely for its processing capabilities.
• PayPal Zettle: A mobile POS solution, excellent for small businesses, pop-up shops, and service providers. It allows businesses to accept card payments via a card reader connected to a smartphone or tablet. Like Stripe and Square, its main business model is based on transaction fees, not interest-based lending.
• Authorize.net: A widely used payment gateway that connects a merchant’s website to their payment processor. It’s robust for online sales and offers features like recurring billing and fraud detection. Authorize.net’s role is to securely pass transaction information, and it doesn’t offer direct lending services.

Ethical Business Funding & Financial Solutions

For businesses that require funding, it’s imperative to look for Sharia-compliant options that are fundamentally different from conventional interest-based loans.

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• Islamic Banks & Financial Institutions: These institutions are specifically structured to operate without riba. They offer various financing solutions like Musharakah partnership financing, Murabaha cost-plus financing, Ijarah leasing, and Sukuk Islamic bonds. Examples include Guidance Residential for home financing in the US or various international Islamic banks. While they may not be direct payment processors, they are the go-to for ethical funding. Researching local or online Islamic financial institutions is key.
• Crowdfunding Platforms Equity/Profit-Share based: Some crowdfunding platforms allow businesses to raise capital through equity, revenue sharing, or profit-sharing models, which can be Sharia-compliant. This avoids debt and interest, aligning investors’ interests directly with the business’s success. Platforms like LaunchGood though primarily for non-profits/causes or specific investment crowdfunding platforms that adhere to ethical investment principles could be explored.
• Invoice Factoring Halal-compliant: While some conventional invoice factoring can involve hidden interest, there are increasingly Sharia-compliant factoring services that purchase invoices at a discount without imposing interest. This provides immediate cash flow against receivables ethically. Due diligence is crucial to ensure the specific factoring agreement is structured permissibly.

General Business Management Tools

Beyond payment processing, a range of software and services can enhance business operations ethically.

• Zoho One: A comprehensive suite of business applications covering CRM, accounting, project management, email, and more. Zoho offers a vast array of tools that can help businesses manage their operations efficiently without engaging in financial transactions that are problematic. Its value lies in integrating many functions into one platform.
• Wave Accounting: Offers free accounting software for small businesses, including invoicing, expense tracking, and basic financial reporting. It’s a great option for managing finances transparently without needing to resort to interest-based services.
• Shopify: For e-commerce businesses, Shopify provides a robust platform for building online stores, managing products, and processing sales. While Shopify itself is a platform, it integrates with various payment gateways, and businesses can choose to use ethical payment processors through it. Shopify also offers Shopify Payments, which is a direct payment processing service fee-based, not interest-based.

The fundamental takeaway is that for Muslim businesses, the default assumption should be that any “funding” or “loan” offered by a conventional financial service provider will involve interest.

Active and meticulous questioning is required to ascertain if a service is genuinely Sharia-compliant.

If explicit details about a halal structure are not provided, it’s best to err on the side of caution and explore the dedicated Islamic finance alternatives.

How to Cancel Goedps.com Subscription

While Goedps.com doesn’t explicitly detail a step-by-step cancellation process on its public homepage, ending a service agreement with any payment processor typically follows a similar protocol. Rentonwardticket.com Review

For businesses, understanding this process is crucial, whether due to dissatisfaction, a switch to an alternative provider, or business closure.

Standard Procedures for Service Cancellation

Most payment processing agreements are service-based contracts, often with monthly or annual terms.

To cancel a subscription or service with a provider like EDPS, businesses should generally follow these steps:

1. Review Your Contract: The absolute first step is to locate and thoroughly read your service agreement with Goedps.com EDPS. This contract will outline the specific terms and conditions for cancellation, including:
   • Notice Period: Many contracts require a certain amount of notice e.g., 30, 60, or 90 days before termination. Failing to provide this notice can result in additional charges.
   • Early Termination Fees: Some contracts, especially those with longer terms or subsidized hardware, may include early termination fees. Be aware of these potential costs.
   • Required Method of Notification: The contract will specify how cancellations must be submitted e.g., in writing, via certified mail, through a dedicated online portal, or by phone call to a specific department.
   • Equipment Return: If you leased or were provided with any hardware POS terminals, card readers, the contract will detail procedures for returning it.
2. Contact Customer Service: Reach out to Goedps.com’s customer service or your dedicated account representative, as highlighted on their website “24/7 Customer Service,” “Dedicated Account Reps”.
   • Initial Contact: Start with a phone call to explain your intent to cancel. Be prepared to provide your merchant ID or account number.
   • Request Written Confirmation: Always request that the cancellation request be followed up with a written confirmation. This documentation is vital for your records.
   • Be Persistent: If you encounter any resistance or delays, politely but firmly insist on proceeding with the cancellation as per your contract terms.
3. Submit Formal Written Notice: Even if you call, it’s highly recommended to send a formal written notice of cancellation, especially if your contract requires it.
   • Method: Use a method that provides proof of delivery, such as certified mail with a return receipt, or email with a read receipt.
   • Content: Clearly state your intention to cancel, your merchant ID, the effective date of cancellation, and reference the relevant clauses in your contract.
4. Confirm Cancellation: After the specified notice period, follow up to confirm that your account has been fully closed and that no further charges will be incurred. Check your bank statements carefully for any unexpected charges.
5. Data Portability and Transition: Before canceling, ensure you have access to all your transaction data, customer records, and any necessary reports. Plan your transition to a new provider to ensure minimal disruption to your business operations. This includes setting up new payment processing and updating any integrated software.

Practical Tips for a Smooth Transition

• Backup Your Data: Download all necessary transaction history, customer information, and reports from your Goedps.com portal. This data is critical for accounting, tax purposes, and migrating to a new system.
• Notify Your Customers if applicable: If the change in payment processor impacts how your customers pay e.g., new online payment portal, notify them in advance to avoid confusion.
• Manage Recurring Billing: If you have customers on recurring billing through Goedps.com, you will need to migrate their recurring payment information to your new processor. This often requires customers to re-enter their payment details, which can be a significant undertaking.
• Hardware Return: If you have any EDPS-provided hardware, ensure it is returned according to their instructions to avoid charges for unreturned equipment. Document the return process tracking numbers, photos, etc..

By meticulously following these steps and referring to your specific contract, you can ensure a smooth and documented cancellation process with Goedps.com or any other service provider.

Goedps.com Pricing

Goedps.com’s homepage does not provide specific pricing details or fee structures. Vidpopup.com Review

Instead, it invites potential clients to “reach out today for your complimentary savings analysis” or to “Let’s Chat.” This approach is common in the payment processing industry, where pricing can be highly customized based on a business’s transaction volume, industry, average ticket size, and specific service needs e.g., retail POS vs. e-commerce gateway.

The “Complimentary Savings Analysis” Approach

The “Free Analysis & Reporting” and “complimentary savings analysis” offered by Goedps.com suggest that their pricing model is based on a consultative sales approach. This means:

• Customized Quotes: They likely assess a business’s current processing statements, transaction patterns, and specific requirements to offer a tailored pricing package. This can potentially result in better rates than generic, publicly advertised rates, but it also means no upfront transparency.
• Tiered Pricing: Most payment processors use some form of tiered pricing or interchange-plus pricing.
  • Interchange-Plus Pricing: This is generally considered the most transparent model. It involves the actual interchange fee set by card brands like Visa/Mastercard and a small markup from the processor. For example, “Interchange + 0.20% + $0.10.”
  • Tiered Pricing Bundled: This model categorizes transactions into qualified, mid-qualified, and non-qualified tiers, each with a different rate. While it can appear simpler, it often leads to higher effective rates, as many transactions fall into higher-cost tiers due to various factors e.g., card type, how it’s processed.
  • Flat-Rate Pricing: A simpler model where all transactions are charged a single percentage, sometimes with a per-transaction fee e.g., 2.9% + $0.30. This is popular with providers like Square and Stripe for its predictability, especially for smaller businesses.
• Ancillary Fees: Beyond per-transaction fees, businesses should anticipate other potential fees common in the industry:
  • Monthly Statement Fee: A recurring charge for account maintenance and statement generation.
  • PCI Compliance Fee: A monthly or annual fee to ensure compliance with Payment Card Industry Data Security Standards, even if the service provider handles most of the technical aspects.
  • Batch Fees: A small fee for settling a batch of transactions at the end of the day.
  • Chargeback Fees: A significant fee e.g., $25-$50 applied each time a customer disputes a transaction, regardless of the outcome.
  • Gateway Fees: If a separate payment gateway is used, there might be a monthly fee for this service.
  • Terminal Lease/Purchase Fees: If hardware is provided, there might be upfront purchase costs or ongoing lease fees.

What to Expect When Getting a Quote

When engaging with Goedps.com for a pricing analysis, businesses should be prepared to:

1. Provide Current Processing Statements: This allows EDPS to understand your existing volume, average ticket size, and the fees you are currently paying, which they will use to demonstrate “savings.”
2. Detail Your Business Model: Explain whether you primarily conduct online, in-person, or mobile transactions, as this will influence the recommended solutions and associated costs.
3. Ask for a Full Disclosure of All Fees: Do not just focus on the per-transaction percentage. Request a comprehensive breakdown of all potential monthly, annual, and incidental fees.
4. Understand Contract Terms: Inquire about contract length, early termination fees, and cancellation policies. This is crucial for avoiding hidden costs down the line.
5. Negotiate: The payment processing industry is highly competitive. Once you have a quote, don’t hesitate to negotiate or compare it with other providers.

While the “complimentary savings analysis” aims to personalize the offering, the lack of general pricing on the Goedps.com website means that businesses cannot quickly determine if their services are competitively priced without directly engaging their sales team. From an ethical standpoint, while not directly related to riba, the absence of transparent pricing can sometimes be a precursor to less-than-ideal fee structures, which is why detailed inquiry is paramount.

Goedps.com vs. Competitors

When evaluating Goedps.com EDPS against other players in the payment processing arena, it’s crucial to look beyond just the flashy headlines and delve into the specifics of their offerings, business models, and, crucially, their ethical implications. Acoustica.com Review

The payment processing industry is crowded, with a wide range of providers from large banks to specialized tech companies, each with its own strengths and weaknesses.

Goedps.com’s Position in the Market

Goedps.com presents itself as a more personalized, service-oriented processor, emphasizing dedicated support, fraud prevention, and transparent though not publicly listed pricing.

Their focus on “cost savings” and “next day funding” are competitive advantages they highlight.

Their ability to integrate with various software QuickBooks, NetSuite, Shift4 also positions them as a flexible solution for businesses already invested in these ecosystems.

The mention of “Merchant Funding” through “Quicken Capital” is a differentiator, albeit a problematic one from an Islamic perspective, as it suggests a direct involvement in conventional lending, which many direct competitors avoid as their core business. Vitawallet.io Review

Comparison with Major Players Stripe, Square, PayPal

Let’s stack EDPS against some of the market leaders that often serve as benchmarks for pricing, features, and user experience:

• Stripe:
  • Strengths: Highly developer-centric, robust API, excellent for online businesses and complex integrations, transparent flat-rate pricing publicly available. Offers a vast array of global payment methods.
  • Weaknesses: Less focused on in-person POS hardware, can be overly complex for small businesses without developer resources. Doesn’t offer direct merchant funding.
  • Comparison to EDPS: Stripe’s pricing is transparent upfront, unlike EDPS’s consultative approach. Stripe excels in online solutions, while EDPS appears to balance online and in-person. Stripe avoids direct lending, making it ethically preferable.
• Square:
  • Strengths: All-in-one solution for small businesses, strong in POS hardware for brick-and-mortar and mobile, user-friendly, flat-rate transparent pricing publicly available. Offers invoicing, online store builder, and various business tools.
  • Weaknesses: Can become more expensive for high-volume businesses compared to interchange-plus models. While they offer Square Loans, these are separate and often interest-based, requiring careful discernment.
  • Comparison to EDPS: Square’s simplicity and integrated hardware are major draws for small businesses, whereas EDPS emphasizes personalized service. Both offer integrated solutions for different business types, but Square’s transparency on core processing fees is higher.
• PayPal and PayPal Zettle:
  • Strengths: High brand recognition, trusted by consumers globally, easy setup for online payments. PayPal Zettle offers a straightforward mobile POS for in-person payments.
  • Weaknesses: Higher transaction fees for certain types of transactions, funds can sometimes be held, customer service can be less personalized for smaller accounts. PayPal also offers working capital loans which are interest-based.
  • Comparison to EDPS: PayPal’s widespread acceptance is a massive advantage. EDPS aims for a more personal touch. Both offer a blend of online and in-person solutions, but again, the ethical scrutiny of loan products applies.

Comparison with Traditional Merchant Service Providers

Goedps.com seems to fall into the category of traditional merchant service providers, often distinguished by:

• Consultative Sales: They typically provide custom quotes after analyzing a business’s needs, often leading to potentially lower rates for high-volume businesses but less upfront transparency.
• Dedicated Account Managers: A key differentiator, offering personalized support often absent with large flat-rate processors.
• Negotiability: Rates are often negotiable, unlike the fixed rates of flat-fee providers.
• Bundled Services: They may offer a wider range of services, including various terminal options, check processing, and sometimes, as seen with EDPS, business funding.

Ethical Differentiator: Merchant Funding

The most significant differentiator, and arguably the most problematic for a Sharia-compliant business, is EDPS’s “Merchant Funding” through “Quicken Capital.” Most modern payment processors like Stripe, while offering payment processing, do not directly offer conventional, interest-bearing loans as a core service. Some, like Square and PayPal, do offer working capital loans, but these are usually distinct products that users can opt out of.

For a Muslim business, the ideal scenario is a payment processor that focuses solely on facilitating transactions and does not engage in riba-based lending. If a processor does offer funding, it must be explicitly structured on Sharia-compliant principles e.g., Murabaha, Musharakah. Since Goedps.com’s homepage does not provide this crucial detail for “Quicken Capital,” it places them at a significant ethical disadvantage compared to alternatives that either explicitly state Sharia compliance for their funding or simply do not offer such conventional lending products at all. This forces a Muslim business to either seek explicit clarification, which is often difficult to get in sufficient detail, or to avoid the service altogether in favor of transparently ethical alternatives.

How to Cancel Goedps.com Free Trial

While the Goedps.com website doesn’t explicitly mention offering a “free trial” in the traditional sense, many payment processors and software providers employ various introductory offers or “free analysis” services that can function similarly to a trial period, where a business engages with the service without immediate, full commitment. Everesttrekkingroutes.com Review

If Goedps.com does offer a free trial or if your engagement falls under a preliminary, non-binding phase, understanding how to disengage is crucial.

Scenario 1: No Explicit “Free Trial” Based on Homepage Info

Based on the homepage text, Goedps.com primarily offers a “complimentary savings analysis” and encourages “Let’s Chat” or “Get Started.” These are typically initial consultations rather than a free trial of their payment processing services. In this scenario, cancellation isn’t about stopping a recurring service but rather about discontinuing the engagement process.

• Action: If you’ve only filled out a form for a “savings analysis” or had an initial call, simply informing your assigned representative that you are no longer interested should suffice. There shouldn’t be any “cancellation” involved as no service contract would have been initiated.
• Best Practice: Send a polite email confirming your decision to not proceed, ensuring you have a written record. You don’t want any ambiguity that might lead to a contract being mistakenly initiated.

Scenario 2: Implied “Trial” or Initial Setup Phase

Some payment processors might onboard a client, set up an account, and even provide a terminal with a trial period or a short-term, no-obligation agreement before the full contract kicks in.

If you find yourself in such a scenario with Goedps.com, the steps to cancel would align closely with a standard service cancellation, but potentially with fewer penalties.

1. Review Any Agreement/Onboarding Documents: Even for a “trial,” there might be an introductory agreement or terms of service you accepted. Check these documents for any specific cancellation clauses related to trial periods. Look for terms like “trial period,” “introductory offer,” or “no-obligation period.”
2. Contact Your Account Representative Immediately: Since Goedps.com emphasizes “Dedicated Account Reps,” this should be your first point of contact.
   • State Your Intent Clearly: Explicitly state that you wish to cancel the trial and not proceed with the full service. Provide your business name and any account reference numbers.
   • Inquire About Any Pending Obligations: Ask if there are any outstanding steps, such as returning equipment, that need to be completed to finalize the trial cancellation.
3. Request Written Confirmation: Always insist on receiving a written confirmation that your trial has been successfully terminated and that no charges will be incurred. This is your proof.
4. Return Any Equipment: If you received any payment terminals or hardware during the trial, ensure you follow their instructions for returning them promptly. Document the return tracking number, photos of packed equipment, etc. to avoid being charged for unreturned items.
5. Monitor Your Bank Statements: For the next one to two billing cycles, closely monitor your business bank account to ensure no unexpected charges appear from Goedps.com EDPS.

General Advice for Any Trial/Introductory Service

• Read the Fine Print: Before signing up for any “free trial” or “analysis,” always read the associated terms and conditions carefully. Understand what you are committing to, even if it’s for a limited, free period.
• Know Your Dates: If a trial has a specific end date, mark it in your calendar and make a decision well in advance to avoid automatic conversion to a paid service.
• Document Everything: Keep records of all communications, especially those related to cancellation. This includes dates, times, names of representatives, and summaries of conversations.
• Act Promptly: The sooner you act to cancel an unwanted trial, the less likely you are to incur charges or face complications.

In the case of Goedps.com, where a formal “free trial” isn’t explicitly advertised, the process would likely involve a straightforward communication with their sales or customer service team to halt any ongoing discussions or preliminary setup, ensuring no binding contract is entered. Cindergrill.com Review

The ethical stance remains that any subsequent financial products offered, especially “Merchant Funding,” must be scrutinized for Sharia compliance if a business were to proceed beyond the initial engagement.

Goedps.com Payment Solutions

Goedps.com positions itself as a comprehensive provider of Electronic Data Payment Systems EDPS, aiming to simplify the often-complex world of accepting various payment types.

Their stated goal is to make the process “simple” and “affordable,” catering to diverse business models.

They highlight their ability to enable businesses to accept credit/debit cards, as well as ACH/checks, across multiple environments.

Core Payment Processing Capabilities

The fundamental offering of Goedps.com revolves around enabling businesses to process electronic payments. This includes: Elios-cover.com Review

• Credit/Debit Card Processing: This is the cornerstone of their service. They allow businesses to accept payments from major credit and debit card networks Visa, Mastercard, Discover, American Express, etc.. This involves the technical infrastructure to authorize, capture, and settle transactions.
• ACH/Check Conversion: Beyond cards, EDPS supports Automated Clearing House ACH payments and the conversion of paper checks into electronic payments. ACH is crucial for recurring payments, large B2B transactions, and e-checks, offering a lower-cost alternative to card payments in many scenarios.

Adapting to Business Environments

Goedps.com emphasizes its flexibility to adapt to different business environments, ensuring that whether a business is physical, mobile, or purely online, they can accept payments effectively:

• Point of Sale POS Systems: For traditional brick-and-mortar stores, EDPS offers POS solutions. These systems typically integrate hardware like card readers, receipt printers, cash drawers with software to process payments efficiently at the checkout counter. Modern POS systems often include inventory management, sales reporting, and customer relationship management CRM features.
• Online/Virtual Solutions: Recognizing the surge in e-commerce, EDPS provides solutions for online businesses. This generally involves payment gateways and virtual terminals that allow businesses to accept payments securely through their websites, via email invoices, or over the phone. These solutions are vital for reaching a broader customer base and enhancing payment flexibility.
• Countertop & Mobile Terminals: For businesses on the go, such as service providers, delivery businesses, or pop-up shops, EDPS offers mobile payment solutions. These typically involve portable card readers that connect to smartphones or tablets, allowing secure processing of payments anywhere with an internet connection. Countertop terminals serve traditional retail needs.

Embracing Modern Payment Methods

• Digital Wallet Support: They explicitly mention the ability to take payments from popular digital wallets like Apple Pay, Google Pay, and Masterpass. This is a significant advantage, as digital wallet transactions are known for their speed, convenience, and enhanced security tokenization. Offering these options improves the customer experience and can increase conversion rates.

Value-Added Programs

Beyond direct payment acceptance, EDPS offers programs designed to add value and help businesses grow:

• Gift Card & Loyalty Programs: These are powerful tools for customer retention and acquisition. By enabling businesses to offer branded gift cards and implement loyalty rewards, EDPS helps foster repeat business and attract new clients.
• Software Integration: A key feature for many businesses, EDPS states that its payment solutions can be integrated with popular existing applications like QuickBooks, NetSuite, and Shift4. This minimizes disruption, automates reconciliation, and streamlines overall business operations, making financial management more efficient.

The array of payment solutions offered by Goedps.com covers a wide spectrum of business needs, from traditional retail to modern e-commerce and mobile payments.

Their emphasis on digital wallet support and software integration highlights their awareness of current technological trends in the payment industry.

However, as noted previously, while the payment processing services themselves are generally permissible, the “Merchant Funding” program linked to “Quicken Capital” remains a significant ethical concern due to its likely involvement in interest-based financial transactions. Sardiniaholiday.eu Review

FAQ

What is Goedps.com?

Goedps.com is the online presence for Electronic Data Payment Systems EDPS, a company that provides payment processing solutions to businesses, enabling them to accept credit/debit cards, ACH/checks, and digital wallet payments across various platforms in-store, online, mobile.

What services does Goedps.com offer?

Goedps.com offers credit/debit card processing, ACH/check conversion, Point of Sale POS systems, online/virtual payment solutions, countertop and mobile terminals, digital wallet support Apple Pay, Google Pay, Masterpass, gift card and loyalty programs, and merchant funding through “Quicken Capital.”

Is Goedps.com a legitimate company?

Yes, Goedps.com appears to be a legitimate company offering payment processing services, as evidenced by its detailed website, listed services, and customer testimonials.

However, legitimacy does not equate to ethical permissibility from all viewpoints.

Does Goedps.com offer 24/7 customer service?

Yes, according to their website, Goedps.com provides 24/7 customer service and dedicated account representatives to support their clients. Datacomunicacion.com Review

Does Goedps.com have hidden fees?

Goedps.com explicitly states “No Hidden Fees” and promises “price protection and transparent statements.” However, specific pricing details are not publicly listed on their website, requiring a direct consultation for full transparency.

What is PCI Compliance, and is Goedps.com compliant?

PCI Compliance refers to the Payment Card Industry Data Security Standard, a set of security standards for companies handling credit card information.

Goedps.com states that they are “certified in every service we offer,” implying adherence to PCI compliance.

What is “Merchant Funding” offered by Goedps.com?

“Merchant Funding” is a program offered by Goedps.com through a solution called “Quicken Capital,” aimed at providing businesses with fast access to funding.

The specific terms and whether it is interest-based are not detailed on the homepage.

Is Goedps.com’s Merchant Funding Sharia-compliant?

Based on the general nature of “merchant funding” in conventional finance and the lack of explicit details on Goedps.com’s homepage about a Sharia-compliant structure, it is highly likely that their “Quicken Capital” program involves riba interest, which is prohibited in Islam.

What are good alternatives to Goedps.com for payment processing?

Ethical alternatives for payment processing that focus purely on transactions and avoid direct interest-based lending include Stripe, Square, PayPal Zettle, and Authorize.net.

How can I get pricing information from Goedps.com?

To get pricing information from Goedps.com, you need to “reach out today for your complimentary savings analysis” or use their “Let’s Chat” feature, as they provide customized quotes rather than public price lists.

Does Goedps.com integrate with other software?

Yes, Goedps.com states that its payment solutions can be integrated with existing applications such as QuickBooks, NetSuite, and Shift4, and they invite inquiries about compatibility with other current software.

How do I cancel a Goedps.com service?

To cancel a Goedps.com service, you should first review your contract for specific notice periods and cancellation terms.

Then, contact their customer service or dedicated account representative, and always request written confirmation of your cancellation.

Does Goedps.com offer gift card and loyalty programs?

Yes, Goedps.com offers “Gift Card & Loyalty Programs” designed to help businesses better serve repeat customers and attract new business.

What types of businesses does Goedps.com serve?

Goedps.com serves a variety of businesses, including brick-and-mortar stores, mobile businesses, and virtual/online businesses, offering tailored payment solutions for each.

Can Goedps.com help with fraud and chargeback prevention?

Yes, Goedps.com emphasizes that they provide solutions and support for “Fraud & Chargeback Prevention” to help protect businesses.

Does Goedps.com support digital wallet payments?

Yes, Goedps.com can help businesses accept payments from customers using popular digital wallets like Apple Pay, Google Pay, and Masterpass.

What is the benefit of “Next Day Funding” from Goedps.com?

“Next Day Funding” means that businesses can access their processed funds quickly, often within 24 hours, which significantly improves cash flow and liquidity for operations.

Are there any upfront costs to start with Goedps.com?

The website doesn’t explicitly state upfront costs, but it offers a “complimentary savings analysis,” implying that initial consultation is free.

Any setup fees or hardware costs would be discussed during the personalized quote process.

Does Goedps.com offer solutions for both online and in-person payments?

Yes, Goedps.com provides comprehensive solutions for both online/virtual payments and in-person payments through countertop and mobile terminals, as well as Point of Sale POS systems.

What kind of reporting does Goedps.com provide?

Goedps.com mentions “ongoing reporting” as part of its free analysis, suggesting that clients will receive regular reports to track their transactions and financial performance.

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