It is best for any size business that focuses heavily on eCommerce and smaller in-person sellers interested in a mobile setup.
Bambora specializes in credit and debit card processing, online/eCommerce payments, phone and mail-in payments, payment gateways, international processing, mobile processing, and shopping carts.
Setup Fee: $49
Monthly Fee: $25
Swipe Rate: 2.80% + $0.30
Keyed-in Rate: 2.80% + $0.30
Early Termination Fee : $0
Bambora is based out of British Columbia, Canada. It has offices located at #200-1803 Douglas Street, #302, Victoria, BC V8T 4M1. It is a registered ISO/MSP of Wells Fargo Bank in Toronto, Canada. Bambora was established in 2000, and its current CEO is Johan Tjärnberg. Bambora's original name was Beanstream, and in 2015 was acquired by what is now known as Bambora. In 2017, Ingenico acquired Bambora. Even though it is a Canadian company, it offers services internally in the United States, Canada, and the United Kingdom.
The consensus of Bambora sheds it in a positive light and, through research, reveals a minuscule amount of complaints.
Bambora primarily uses a tiered pricing model; however, customers can also ask for interchange-plus pricing. With the lack of fees or rates on their site, they cannot be considered a completely standard pricing model. Bambora specializes in their ala carte services, where customers only pay and use the services they need. After researching Bambora's reputation online, the overall response is a positive one with minimal customer complaints.
British Columbia, Canada
Merchant Provider Risk Tolerance
No early termination fees
No deceptive pricing and fees
An industry leader in quality and customer service
No solid knowledge base/FAQ
Geared toward ECommerce businesses
Bambora offers various products and services to businesses geared toward eCommerce solutions and non-profits, sports industries, and restaurants.
Hardware & Software
Supported Payment Types / Services
Discloses All Important Terms
Public Pricing Available
Bambora does not list a lot of prices and fees on their website. This makes sense, as it is driven by business type, location, and customer processing volume. The pricing and services of Bambora look to be customizable by products and services that customers need and charges accordingly.
Pay As You Go
This pricing structure is considered pay as you go and offers the following rates. This option is ideal for merchants who do not have a high processing volume.
Enterprise pricing offers more of a traditional merchant account feel. The cost of this pricing plan seems to remain competitive with other merchants in the industry. The fees and rates here will depend on your business and the services you need, and most likely, you will be set up with tiered pricing here. You have the option of tiered pricing, or you can request interchange-plus pricing. Below are some of the items a merchant can expect with an enterprise merchant pricing account:
2.80% + $0.30
2.80% + $0.30
Mobile Payment Rate
Virtual Terminal Rate
2.90% + $0.30 (US) and 2.80% + $0.30 (Canada)
Payment Gateway Fee
Early Termination Fee
PCI Compliance Fee
Equipment Lease Terms
48 Month (Locked)
Address Verification Service (AVS)
Account Setup Fee
Gateway Setup Fee
Bambora has done away with the early termination fee that most merchant services charge, and that typically ranges from $300-$450.
Early Termination Fee
Bambora has an account with the Better Business Bureau that originated in July of 2005. It currently holds an A+ rating with the BBB and has 0 customer complaints. It has been accredited with the BBB since 2017. Upon researching, Bambora has a minimal number of complaints on the web, and only one found that is dated.
Total Online Reviews
Total Online Complaints
If you're in the market for a merchant account provider, be sure to check out our user reviews, our merchant accounts guide and our top popular merchant provider picks