Best for
Bankcard Brokers may be best for high risk businesses that cannot find a merchant account elsewhere.
Specializes in
Bankcard Brokers has specialized in providing payment processing services to high risk businesses including cannabis, hemp, and CBD.
Pricing Summary
Setup Fee: Undisclosed
Monthly Fee: Undisclosed
Swipe Rate: 1.00% - 4.99%
Keyed-in Rate: 1.00% - 4.99%
Early Termination Fee : Undisclosed
Contract Terms:
Bankcard Brokers is a merchant account provider that works with all business types but specializes in high risk businesses.
Contract terms and rates are variable depending on the business model. The company has very few customer complaints but is not very transparent when it comes to its pricing or contract terms.
Brett Taylor is the founder and current CEO of the company. They have been in existence since 2007 and are currently located in Vancouver, Washington.
Bankcard Brokers is a merchant account provider that specializes in high risk businesses that may otherwise have a difficult time finding a payment processor. Some of the high risk industries they work with include businesses selling cannabis, hemp, and CBD.
Bankcard Brokers offers everything a business needs to process transactions either online or in person, including physical equipment. They also offer zero-fee payment processing which is when the credit card transaction fees are passed onto the customer rather than the business.
The company was founded in 2007 by Brett Taylor and he is still the CEO. They provide all typical services of merchant account providers such as processing checks, debit, and gift cards, as well as checks, and online and mobile payments.
Bankcard Brokers has very few public complaints and is considered a good choice for high risk businesses.
Head Quarters
Vancouver, Washington
Year Founded
200
CEO
Brett Taylor - President
Employees
15
Merchant Provider Risk Tolerance
Hardware and Software
Bankcard Brokers offers in-person and online payment processing services, including physical equipment, payment gateways, and virtual terminals.
Value-Added Services
Some of the additional services Bankcard Brokers offers include:
Contactless payments
Zero-fee payment processing
Chargeback protection
Enhanced fraud protection
Supported Payment Types and Services
Bankcard Brokers processes all major credit cards including:
Visa
Mastercard
Discover
American Express
They also process online and mobile payments, checks, and gift cards.
Discloses All Important Terms
No
Public Pricing Available
No
Bankcard Brokers offers variable transaction rates. As they cater to high risk businesses, the rates will differ depending on the nature of the business and how high risk it is considered.
Customers can expect swipe and keyed-in rates to vary between 1 - 4.99%. Virtual terminal rates are 2.9% plus $0.30. The payment gateway fee is $25 a month and there is a batch fee of $0.15.
Their website states they also offer zero-fee processing to some businesses. This feature may not be available to everyone.
Zero-fee processing is when a business charges a markup to customers paying with a card so they essentially ask their customers to cover their credit card processing fees.
Zero-fee processing can save a lot of money for the business, but can also discourage their customers from using their credit cards which may hurt business. Thus it is not necessarily the right choice for every business.
Pricing Model
Tiered Pricing
Swiped Rate
1.00% - 4.99%
Keyed-in Rate
1.00% - 4.99%
Mobile Payment Rate
Virtual Terminal Rate
2.90% + $0.30
Monthly Fee
Undisclosed
Payment Gateway Fee
$25 Per Month
Batch Fee
$0.15
Early Termination Fee
Undisclosed
PCI Compliance Fee
Undisclosed
Equipment Lease Terms
Undisclosed
Address Verification Service (AVS)
Application Fee
Account Setup Fee
Undisclosed
Gateway Setup Fee
Annual Fee
Monthly Minimum
Undisclosed
Statement Fee
Undisclosed
There is very little information about the typical contract Bankcard Brokers offers. Contract length and terms likely vary quite a bit depending on their customer.
It is typical for high risk businesses to have more strict contract terms and pay higher fees than standard or low risk businesses. Any high risk business applying to Bankcard Brokers should keep this in mind.
Contract Length
Variable
Early Termination Fee
Undisclosed
Bankcard Brokers has a customer service number and contact form on their website. They also have a very slick and inviting online application.
BBB Rating
Bankcard Brokers has an accredited Better Business Bureau profile and has earned an A+ rating on their profile. There are no complaints or reviews on their BBB profile.
Other Online Reviews
There are very few online complaints about Bankcard Brokers, which indicates they are doing a good job keeping their customers happy.
There is an online complaint about the company from the Ripoff report. The complaint is dated February 27, 2020.
The details of the complaint include misleading contract terms, hidden fees, unhelpful customer service, and difficulty canceling an unwanted contract.
BBB
A+ and has been Accredited since 2013. (0 Reviews; 0 Complaints)
5 Stars / 11 Reviews
No Recommendations Yet
Yelp
No Reviews
Total Online Reviews
15+
Total Online Complaints
Lawsuits
None
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