Sekure cost review, Sekure Card, Sekure Merchants Review

Merchant statement review

Merchant statement review, partial statement shown.

Did you get a call from for a merchant statement analysis? Read my research, which points out why I recommend merchants never give this company merchants statements or any other business information. 3D Merchant Services has no affiliation with this company but was hounded by endless phone calls from them so I decided to research them and share what I learned.

The company web site is here:, but they have more web sites with the same physical address.

Who is Sekure Cost Review? affiliated web sites:

    • Sekure Card Services –

    • Sekure Merchant Solutions

    • Sekure Careers – they hire telemarketers

The address is 1501 Broadway, 12th Floor, New York, NY.  The address is not a traditional office, but one where anyone can ‘rent space’ so that they have a ‘prestigious office address’. From, “This modern, professional business center offers companies a prestigious corporate address right at the heart of Times Square on bustling Broadway, your clients won’t help to be impressed.”

US Business Affiliation?: There’s no business registered in NYS with any of the business names in the domains above. Further, past employees report that the company is actually based in Montreal Canada, even though they called exclusively on US based businesses.

“When I can’t find a business registered with the state their supposedly affiliated with, I won’t do business with them,” says Christine Speedy, 3D Merchant Services.

The Sekure Cost Review sales pitch:

The caller said that she was providing a free cost review “funded by major banks, processors” and others in the industry. That perked my ears. Who was paying for it?  I wasn’t able to get a straight answer other than the big banks etc and they may change from time to time. “Are you a processor or ISO?” “No, we’re a broker. We save you…” . I asked it they were a lead generation company for processors? “No.”  From my research and industry knowledge, in my opinion, they’re conducting lead generation which they then send to ISO’s, or independent sales organizations, and then they get paid for deals. That’s pretty common.

The pitch is that by providing merchant statements they’ll give a side by side comparison so that I could see if I was getting gouged. No obligation.

Statement reviews are a good idea when lacking technology know to reduce their usefulness. and affiliated web sites highlight four items about their business:

  1. BBB reputation: USA media has proven there’s little value in a BBB reputation since companies can BUY their reputation, and there’s no verification. (See 20/20 report among others.) All sites link to Sekure Merchant Solutions, a company potentially not even legally registered in NYS. Additionally, there are 32 complaints, and while nearly all were resolved, this number is much higher than companies in the same industry that are bigger by volume processed and number of merchants served.
  2. Low cost rates: The web cites $30M/mth and the phone called cited $40M/mth in transaction volume as the reason for their great rates. In my opinion, while it’s not insignificant, companies with $100M/mth or more are far more likely to have better options.
  3. POS: Reprogram or Free terminal. Free terminals are nearly always bad because the money has to be made up somewhere. That means possibly older but PCI compliant equipment, but more likely higher fees to cover the initial outlay, or long term contracts with heavy contract dissolution fees to get out of them.  All merchant agreements include future fee increase clause so at some point you’ll pay a lot more for free equipment.
  4. Sample Review: Looks like a pretty typical side by side review that takes the same transactions at the same interchange qualification and applies a different discount rate. Rate comparisons can be a terrible way to make merchant process choices.
    • Interchange management can reduce fees from .10% to over 1%.  That’s above and beyond any discount fee negotiation. There’s a bottom to discount fee negotiation- then what will you do to reduce fees?
    • Improved productivity can increase EBITDA significantly
    • Reduced PCI compliance burden increases productivity in other areas of business.
    • There’s other tools that reduce fees even more and shift fraud liability risk to issuer.

    Bottom line: As processor profits are narrowed, the bigger merchant savings comes from better interchange rate qualification in addition to efficiency improvements and reduced PCI Compliance burden.


Allied Memberships:  What does ‘allied’ mean? It does not mean an endorsement. For example, the NRF offers Retail, Service Provider, and University memberships. The only membership qualifies for is Service Provider.  I didn’t find their company in any of the online buying guides. That doesn’t mean they’re not a member, just not in any area I searched online.

Is a scam or legit?

They may or may not provide a valuable service to some merchants, but the negatives far outweigh the positives. Sharing highly confidential information in a world of escalating identity theft is just not worth the risk.

How can I stop Sekure Card calls? That’s a touch one because they may spoof phone numbers and or block caller ID.

  • Add your business telephone number to the National Do Not Call Registry through the federal website. After 31 days you can report them. Most phone calls to a business made with the intent to solicit sales from that business are exempt from the Do Not Call provisions, but if enough people complain, maybe they can help.
  • You could also write your Congressman and Senator that the current rules are outdated. (And why should be we subjected to 1,000’s of political calls with no opt-out method either?)
  • Anyone want to start a petition?

What’s the alternative?  Just about anyone can provide a statement review. Find someone that knows about your industry and asks questions about your business without sharing merchant statements. It takes more time and expertise to get through these steps, but it’s a lot safer. Avoid choosing any vendor that has a web site without identifying an owner or single person by name. Look up the salesperson on linkedin.

See Christine Speedy on Linkedin and see Christine Speedy on 3D Merchant Services. You can also look up 3D Merchant Services in the official Florida registered businesses. At least you’ll know it’s real.

Disclaimer: This review contains information that may become outdated. It was accurate at the time written based on publicly available information.

Update 12/10/2018. I just got a call from Sekure at 800-915-0927: 

Sekure: “Christine, I’m following up on my prior call with a Sekure colleague a couple months ago. It looks like the only thing missing from our being able to complete the analysis is your merchant statement.”

Christine: “Please remove me from your call list.

Sekure :”Well I don’t know why you wouldn’t want the free analysis.”

Christine: “It’s not up to you to decide whether I want your calls or analysis. I’m telling you to remove me.”

Sekure: ” OK, will do.”

The above is not an exact quote. Hopefully the calls will stop!

Reviewed by Christine Speedy, PCI Council QIR certified. To reduce merchant fees with new or existing merchant account call 954-942-0483, 9-5 ET. CenPOS  Global Sales authorized reseller based out of South Florida and NY. CenPOS is an integrated commerce technology platform driving innovative, omnichannel solutions tailored to meet a merchant’s market needs. Providing a single point of integration, the CenPOS platform combines payment, commerce and value-added functionality enabling merchants to transform their commerce experience, eliminate the need to manage complex integrations, reduce the burden of accepting payments and create deeper customer relationships.

11 thoughts on “Sekure cost review, Sekure Card, Sekure Merchants Review

  1. I have had 2 calls in less than 3 minutes from SekureCost. The first woman told me “I will continue to call until I reach the proper person.” I told her no, remove our number from your list. She then gave me a BS answer that since I am a business I am not allowed to be on a do not call list. This is not a do not call list, this is a business owner asking to have her number removed because repeated calls after being asked to remove our number and to stop calling us is illegal and Sekure Merchant/Sekure Cost or whatever you want to call yourselves with each call using the same number after being asked to cease and desist is harassment. She then proceeded to tell me that she was not harassing me and that she will not remove me. As I was sending in a complaint, 2 minutes later the phone rings again with another woman refusing to remove our number. So now we have calls on 7/5/16 at 1:15PM and 1:18PM. Guess what? Another call just came in from a gentleman who when asked if he was Sekure Cost, said yes. He then said I should not have to deal with that and I told him to remove us from the list. His answer, “Did you take the 30 seconds to listen to our sales pitch? Because that is why we keep calling” I said I do not have to listen to your sales pitch! Remove me from your list and I once again hung up on your third sales person. So that is call number 3 at 1:22PM, but Sekure Cost/Merchant is not in the business of harassing people? This is by far the worst case of harassment. I will be contacting an attorney, as well as recording all calls from your office from now on, to prove what a terribly disgusting company you are and the types of practices and people you employ.

  2. @lola. Comments from writer frequently uses the words “you” and “your”. All of these are directed at SekureCost, not 3D Merchant Services! 3D Merchant Services has no affiliation with this company but was hounded by endless phone calls just like you so I decided to research them and share what I learned. You can look up 3D Merchant Services in the official Florida registered businesses here At least you’ll know it’s real.

  3. We also are being harassed daily, multiple times a day. Just now I got into an argument with Yolanda. I am so sick of these phone calls. Our office does not have time to deal with harassment. I asked to speak with her manager to which she states is of course not available. Couldn’t even give me their managers name or phone number or transfer to me to their voicemail. She kept arguing with me about putting me on their do not call list and then has the audacity to ask me to listen for thirty seconds to her sales pitch when in the beginning I’m telling her WE ARE NOT INTERESTED!!!! I also said if we needed you we would call but if we EVER needed a company like this I WILL NEVER EVER go with this company that is harassing businesses. VERY POOR BUSINESS ETIQUETTE AND I WILL TELL EVERYONE HOW PATHETIC AND DESPERATE THIS COMPANY IS!!!!!! STOP CALLING!!!!!!!!

  4. Harrassment!!! They will not stop calling my business. I’ve asked to be taken off their list but they won’t give up. I will never do business with them.

  5. Just hung up on this company. I asked her about the scam warnings I found on typing their name and she touted the BBB site. Very aggressive sales pitch, while rep was talking looked them up found this review and many others on the BBB site. I take most BBB reviews with a grain of salt as they are too often posted by the company themselves. When questioned about which local banks she claimed to work with none were local and she said she works with QuickBooks. Anyone who uses this program knows that is not the name of the company and their processing services are not under the program name. As a not for profit we take saving money seriously, however I would rather receive referrals from our local bank managers and prefer to do business with local companies. Hopefully she will to attempt to call us again, but from num,erous other reviews it looks like they will continue to harass us!

  6. Adam Guzzo with Secure Cost Review continues to call multiple times a day. “Adam” has been calling now for approx 2 weeks. If this business is trying to find new clients they are only look desperate and immature by harassing companies daily. Secure Cost Review should be embarrassed by this staff member. If you would like to reach Adam Guzzo his number is 1-800-915-0927 ext: 508. Go ahead and let him know he needs a new career path cause he sucks at this one.

  7. Obnoxious folks here… 1 hung up with me with another calling me back within 30 seconds!!! Would never deal with them if there weren’t another 100 processor folks calling me daily!!!! Desperate as everyone else just states… a year later!

  8. A competitor posting negative reviews on their own blog/website about another service provider. “Biased” much? Christine you are worse than those you write about when you stoop to such low marketing tactics. I pretty sure this will not be seen on your blog!

    • @Carla. Well here it is. I wrote this article because like many others, I had non-stop calls from them despite asking to get off their phone list. It was so annoying, I decided to research them and share my results. I offer cloud commerce solutions without requiring new merchant account and do not consider myself a competitor. My clients are users of First Data, Paymentech, Global Payments and others. I do not consider them competitors either. Do I offer optional merchant services? Yes, to select businesses that fit my areas of expertise.

      Here’s a research update: Misha Artzy is Co-Founder and Managing Partner at Sekure Merchant Solutions. Location Montreal, Canada Area; Industry Financial Services. Source: Linkedin.

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