Electronic Payments of California provides merchant payment processing, point-of-sale systems, and payment solutions for retail businesses across Northern and Southern California since 2000.
Data compiled from public sources · Rating from CreditDoc methodology
Electronic Payments of California has been operating since 2000, serving merchants throughout Northern and Southern California with payment processing and related business solutions. The company positions itself as a hands-on payment processor that allows business owners to focus on operations rather than payment infrastructure concerns. They emphasize local, face-to-face customer service and technical support as a differentiator in the merchant services space.
The company offers a comprehensive suite of merchant services including credit card processing that accepts all payment methods, point-of-sale systems under their EXATOUCH® brand, and payment acceptance solutions that work across devices. They serve diverse merchant types including e-commerce, restaurants, hospitality venues, and pay-at-the-pump operations, positioning themselves as adaptable to specialty markets beyond their listed categories. Their latest marketing efforts highlight software enhancements to their EXATOUCH® POS platform, including new touchscreen customer-facing displays and checkout experience improvements.
Electronic Payments distinguishes itself through claimed local service delivery and hands-on merchant support, contrasting with larger national payment processors. The company actively markets referral programs offering merchants $50-$500 per successful referral, indicating a relationship-based business model. Their targeting spans from small "mom and pop" locations to multi-store retail chains, suggesting competitive pricing or flexible solutions across business sizes.
As a payment processor rather than a lender, Electronic Payments operates in the business services space rather than consumer finance. The available information is limited to their service offerings and does not include detailed pricing, contract terms, customer reviews, or independent performance data. Merchants considering this provider would need to contact them directly for specific rates, implementation timelines, and service-level agreements.
Yes. Electronic Payments of California is a registered company, headquartered in San Francisco, CA.
Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.
CreditDoc Diagnosis
Electronic Payments of California is best for California-based merchants seeking hands-on, local payment processing and POS support rather than national chain alternatives. The primary caveat is the geographic limitation to California and the lack of publicly available pricing, contract, or independent performance information—merchants must contact the company directly to evaluate fit.
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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