High-risk businesses in need of merchant services, although rates and fees may be higher for these companies.
Providing credit card processing and cash advances to high-risk businesses, including those that operate from home rather than a brick and mortar location.
Setup Fee: $0
Monthly Fee: Undisclosed
Swipe Rate: Variable
Keyed-in Rate: Variable
Early Termination Fee : Variable
1st Americard is located in Charlotte, North Carolina, and was founded in 1999.
They offer credit card processing services for merchants as well as cash advances.
1st Americard works with high-risk merchants, including those who have only been in business for a short time and those that are at-home businesses.
1st Americard was founded in 1999, and it is based in Charlotte, North Carolina. They offer merchant services including credit card processing and cash advances. 1st Americard is a registered ISO of Wells Fargo Bank.
There is very little information available on 1st Americard online. Their contract terms are variable, and they are a relatively small company with only 8 employees. They serve several industries, including:
Clothing and apparel
Restaurants and bars
They work with customers who want to accept mobile payments, online payments and other types of payment processing.
1st Americard has an A+ rating with the Better Business Bureau, but they are not an accredited business through the BBB. They have few reviews online, and many of them are negative. They mention undisclosed cancelation terms and unauthorized debiting due to penalties for low sales volumes.
It is possible that 1st Americard has been acquired by iPayment, although merchant cash advances are still available through their services.
Charlotte, North Carolina
Merchant Provider Risk Tolerance
Credit Card Processing for High-Risk Businesses
1st Americard specializes in working with high-risk businesses that might struggle to get credit card processing and other merchant services elsewhere. They work with new businesses as well as those that operate from home or online without brick and mortar locations. They also provide cash advances to businesses in need of additional funds.
Pricing Disclosed to Customers
1st Americard offers tiered pricing for its customers, but its website lacks any detailed, concrete information. Equipment lease terms, transaction fees, and PCI compliance fees are variable. Also, customers have indicated that their cancelation policy is subject to change without notice.
Supported Payment Types & Services
1st Americard can help with the following:
Credit card processing
Credit card terminals
Debit card processing
eCheck and ACH processing
Merchant cash advances
Mobile payments app
Retail payment processing
1st Americard makes it possible for their customers to set up the types of payment processing systems that work best for them and their business needs.
Discloses All Important Terms
Public Pricing Available
1st Americard’s website is no longer online, so it was not possible to obtain information on pricing and fees.
Many reviews indicate that they are no longer in business for most merchant services, but they are still providing cash advances to businesses.
Mobile Payment Rate
Virtual Terminal Rate
Payment Gateway Fee
Early Termination Fee
PCI Compliance Fee
Equipment Lease Terms
Address Verification Service (AVS)
Account Setup Fee
Gateway Setup Fee
This information is not available.
Early Termination Fee
1st Americard requires physical documentation prior to opening an account with their company.
They offer domestic phone support during regular business hours.
1st Americard currently has an A+ rating through the Better Business Bureau, but with no accreditation. They received 4 complaints during the last 36 months:
1 complaint due to billing and collections.
1 complaint due to products and/or services.
2 complaints due to advertising and sales.
Most of these complaints included reports of unauthorized debits from merchant bank accounts. Only one complaint was resolved to the merchant’s satisfaction. The other three were either not resolved for the merchant or received no response from 1st Americard.
There have not been any lawsuits filed against 1st Americard.
A+ but is not BBB Accredited. (0 Reviews; 0 Complaints)
5 Stars / 1 Review
2.5 Stars / 3 Reviews
Total Online Reviews
Total Online Complaints
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