Best for
Firms of any size operating in the professional services, restaurant, or retail industry.
Specializes in
Facilitating electronic payments and Apple Pay transactions while providing cash advance options for merchants
Pricing Summary
Setup Fee: $0
Monthly Fee: Up to $35
Swipe Rate: 2.69% + $0.19
Keyed-in Rate: 3.69% + $0.19
Early Termination Fee : Up To $499
Contract Terms:
Flashbanc is located in Florida withMichael Gross acting as its current CEO. The company's core benefits are that it serves businesses of all sizes and has no customer complaints to report. Eventually, Celero Commerce acquired Flashbanc in April 2020.
On its website, Flashbanc states that the company is a leading provider of loyalty marketing software and electronic payment technology. Additionally, there are many businesses of all sizes that depend on FlashBanc's cloud-based solutions to manage their sales.
Head Quarters
Boca Raton, FL
Year Founded
2008
CEO
Michael Gross
Employees
500
Merchant Provider Risk Tolerance
Zero setup fee.
Provides cash advance options.
Month to month contracts are available.
Accepts high risk merchants.
Provides revenue tracking and data reporting.
Monthly fee
Early termination fee.
Pricing is not disclosed online.
Expensive for low volume merchants.
Employs independent sales agents.
Flashbanc lists the following products on its website:
Smart POS Solutions: FlashBanc claims to offer next-generation smart POS solutions to radically simplify business POS sales. POS systems can help track inventory, manage employees, get customer insight to create lasting customer relationships, and accept payments with ease. Service includes professional-grade tools for revenue tracking and data reporting.
Online Payment Gateway: The Authorize.Net is a remotely-hosted software application that serves as a payment gateway to transmit transaction data from an E-com store's shopping cart to a customer's credit card processor. It is a seamless process and customers don't directly interact with the gateway; The transaction data automatically delivers to the gateway via the online store's shopping cart and a secure (SSL) connection. Authorize.Net is said to integrate with most shopping carts.
Merchant Cash Advance: FlashBanc offers merchants an alternative to bank loans. It can provide businesses with working capital against that business's future credit card customer payments. FlashBanc provides low-documentation merchant account financing across the country. Based on recent business history, merchants may qualify for business cash advances of up to $300,000.
Discloses All Important Terms
No
Public Pricing Available
No
Flashbanc charges an early termination fee (ETF) of $299, a monthly minimum fee of $25, a monthly statement fee of $9, and a chargeback fee of $25 based on online reviews.
Pricing Model
Tiered PricingFlat Rate
Swiped Rate
2.69% + $0.19
Keyed-in Rate
3.69% + $0.19
Mobile Payment Rate
Virtual Terminal Rate
2.90% + $0.30
Monthly Fee
Up to $35
Payment Gateway Fee
$25 Per Month
Batch Fee
$0.15
Early Termination Fee
Up To $499
PCI Compliance Fee
Undisclosed
Equipment Lease Terms
48 Month (locked)
Address Verification Service (AVS)
Application Fee
Account Setup Fee
$0
Gateway Setup Fee
Annual Fee
Monthly Minimum
Up to $35
Statement Fee
$9 Per Month
Flashbanc has a 3-year contract under FirstData (now Fiserv) that includes automatic renewal and an Early Termination Fee (ETF) of $299 according to online reviews.
Contract Length
Month-to-month3 Years
Early Termination Fee
Up To $499
Flashbanc has maintained a profile with the Better Business Bureau since 2008 despite not being a BBB-accredited business. The firm currently boasts an "A+" rating on its BBB profile. There are no reviews or complaints to report over Flashbanc's 12-year operational record with the BBB.
BBB
A+ (0 complaints)
N/A
N/A
Yelp
N/A
Total Online Reviews
50+
Total Online Complaints
10+
Lawsuits
None
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