Coastal Payment Systems

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Coastal Payment Systems is a U.S.-based merchant services and business funding provider offering payment processing, POS solutions, and commercial lending to small and mid-sized businesses.

Pass Christian, Mississippi, United States
coastalpaymentsystems.com

About Coastal Payment Systems

Coastal Payment Systems is a merchant services provider headquartered in Pass Christian, Mississippi. The company offers payment processing, point-of-sale (POS) systems, integrated Square/Clover solutions, and related technology that help businesses accept credit cards and other electronic payments in person, online, and on mobile devices. In addition to payments, it operates “CPS Business Capital,” which facilitates commercial lending, SBA loans, equipment financing, and other working-capital solutions through a network of partner lenders across the United States.

A charge from “coastal cps” or similar on a card statement is most likely related to merchant services, payment processing fees, equipment or software for POS/payment systems, or a funding-related transaction arranged through Coastal Payment Systems. For some businesses, CPS sets up $0-processing or dual-pricing programs, so fees can appear as separate line items. If the cardholder is a business owner, it may reflect monthly processing charges, terminal fees, or payments connected to a CPS-arranged loan or equipment financing. It could also be a pass‑through transaction where CPS is the processor on behalf of a third-party merchant using its platform.

To verify the charge, cardholders (especially business owners) should review recent merchant services contracts, POS setup documents, or loan/financing agreements involving Coastal Payment Systems or CPS Business Capital. Checking email for onboarding messages or invoices from coastalpaymentsystems.com can help match the date and amount. If anything looks unfamiliar, contacting CPS directly via the phone numbers or contact form on their website is recommended; ask for a breakdown of recent charges tied to your MID (merchant ID) or loan account. As always, if you suspect fraud and cannot associate the transaction with any known account or service, reach out to your card issuer to dispute the charge or request a new card number.

Bank Statement Variations

1 known variations

These are the raw merchant codes that appear on bank and credit card statements that we've identified as belonging to Coastal Payment Systems.

  1. coastal cps cps tel 1200961134 S

Frequently Asked Questions

Why do I see a charge from “coastal cps” or “Coastal Payment Systems” on my business credit card?

This usually indicates you are using Coastal Payment Systems for merchant services or business funding. The charge may be for payment processing fees, POS/terminal services, software, or a payment related to CPS Business Capital financing. Compare the date and amount with your CPS merchant or loan statements to confirm.

Is Coastal Payment Systems a payment processor or a lender?

Coastal Payment Systems is primarily a merchant services and payments technology provider, but it also operates CPS Business Capital, which connects businesses to commercial loans, SBA financing, and equipment financing through a network of partner lenders. So you may see charges related either to payment processing or to financing products, depending on your relationship with them.

How can I verify which of my locations or merchant accounts a Coastal Payment Systems fee is tied to?

Log into your CPS or partner portal (such as Square or Clover if you onboarded through CPS) and review your most recent monthly statements. Look for the same dollar amount and posting date as the charge on your card. You can also contact CPS support with your business name and the last four digits of the card for them to look up which MID or location generated the fee.

Does Coastal Payment Systems use separate line items for $0 processing or dual pricing programs?

Yes. With $0 processing or dual pricing programs, card fees can be passed through to customers or broken out into separate line items. On the business side, you might see charges associated with program fees, software subscriptions, or hardware, even if per‑transaction processing fees are reduced or eliminated. Review your CPS agreement for how your plan’s fees are structured.

How do I cancel Coastal Payment Systems services or change my pricing plan?

To cancel or modify services, contact Coastal Payment Systems directly through the phone numbers or contact form listed on coastalpaymentsystems.com. Have your merchant ID, business legal name, and recent statement handy. Ask specifically about contract terms, early termination fees, hardware return policies, and timelines for shutting off processing or related subscriptions.

How can I request a refund or dispute a Coastal Payment Systems charge?

First, confirm that the charge is not a scheduled processing fee, software subscription, or loan-related payment. If it still appears incorrect, contact CPS support and request a detailed explanation of the transaction. If CPS confirms it was billed in error, they can issue a credit. If you cannot resolve the issue with CPS, you may initiate a dispute through your card issuer, providing any correspondence and contracts as supporting documentation.

Does Coastal Payment Systems place temporary authorization holds on cards?

In some cases, CPS or its lending partners may place small temporary authorizations when validating a new payment method for fees or loan payments. These typically appear as pending transactions for a small amount and then fall off or post as a single finalized charge. If a pending hold does not clear within a few days, contact CPS or your card issuer.

How can I contact Coastal Payment Systems about a charge on my account?

Visit coastalpaymentsystems.com and use the listed phone numbers (including their toll‑free line) or the site’s contact form to reach support. When you call, provide the exact charge amount, transaction date, and the name shown on your statement (for example, “coastal cps cps tel …”) so they can locate the transaction and explain what it relates to.

This merchant is in the Financial Services category

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