Founded in 2004, National Bankcard offers a variety of merchant processing solutions for businesses of all types, including the following:
National Bankcard claims to have some of the lowest credit card processing rates in the industry. While rates are not made available without a sales consultation, the company is upfront about some unique perks that could contribute to its supposed affordability.
Continue reading our National Bankcard review to learn about the pros and cons of the credit card processing company or jump straight to National Bankcard reviews from past and current customers.
National Bankcard’s processing solutions include the following:
In regards to rates, National Bankcard requires a sales consultation to determine your needs and qualifying rates. However, you can expect competitive tiered and interchange fee models.
Additionally, National Bankcard has a Cash Discount Program. The program allows you to pay 0% processing rates by passing the cost of accepting credit cards to your customers.
National Bankcard is unique in that it offers some free gear and services when you sign up. When you register, you’ll get:
National Bankcard doesn't charge a setup fee or a cancellation fee, unlike some competitors that may charge an early termination fee if you decide to move your merchant needs elsewhere. And the company doesn't lock you into a contract. Because National Bankcard doesn't charge cancellation fees to keep customers "locked-in" to a contract regardless of whether or not they are satisfied with services, customers can be assured they will receive the performance, competitive pricing, and excellent customer service required to retain their business.
National Bankcard offers value-added services in addition to card processing, including the following:
The company’s process requires merchants to speak with a sales representative to go over pricing and review equipment options. This makes it difficult to compare pricing between companies in your preliminary research.
National Bankcard does not offer any type of seasonal downtime options. Some merchant account providers do, and some don't so this is not that unusual. However, if you are a company that only needs merchant account services during certain times of the year, you will have to look elsewhere.
This company is pretty good about not inundating its customers with fees; however, there are a few fees and depending on your particular sales agent, they may or may not be disclosed. National Bankcard charges a $5.00 monthly statement fee, an $8.00 Internet gateway fee (if applicable) and an $0.50 per address verification fee.
There are other fees as well, such as a PCI compliance fee; therefore, you should ask your sales agent to provide you with a list of all fees, then make sure you thoroughly read your contract to make sure what was discussed is factually included within your contract.
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