Best for
Startups and mid-to-large sized eCommerce or POS businesses
Specializes in
Mobile and POS payment processing, payment gateway for online merchants, and cash discount programs
Pricing Summary
Setup Fee: $0
Monthly Fee: Undisclosed
Swipe Rate: 1.00% - 4.99%
Keyed-in Rate: 1.00% - 4.99%
Early Termination Fee : Up To $599
Contract Terms:
International Bancard is a Michigan-based merchant account provider that has been providing payment processing services for almost 20 years now. The firm partners with several other payment processing companies to provide a selection of POS and virtual payment processing services.
International Bancard faces a moderate amount of complaints, primarily for alleged nondisclosure of fees and difficulty canceling service. A standard contract with IB includes a three-year agreement with automatic renewal and up to a $599 early termination fee.
International Bancard is a merchant account provider that is partnered with several other payment processing companies to offer a variety of payment solutions to merchants.
It’s believed that Bancard resells the merchant account agreements of Global Payments or, at least, relies on Global Payments for its processing needs. The firm also partners with companies Poynt and Clynt to offer its POS solutions.
International Bancard was founded in 2001 by David LaFrate, who still acts as the firm’s CEO today. The Michigan-based merchant account provider is a registered ISO/MSP of BMO Harris Bank as well as Wells Fargo Bank in Walnut Creek, California.
Head Quarters
Detroit, MI
Year Founded
2001
CEO
David Iafrate
Employees
85
Merchant Provider Risk Tolerance
No setup fee.
Best for startups and mid to large size ecommerce or point of sales businesses.
Mobile and point of sale gateway for online merchants.
Offshore technical support after hours.
Domestic telephone support during business hours.
Early termination fee.
Three year contract with automatic renewal.
Public pricing is not available.
Does not disclose all fees.
Employs independent sales agents
International Bancard provides the following products and features as advertised on the company’s official website:
Discloses All Important Terms
No
Public Pricing Available
No
International Bancard does not disclose any fees other than a $599 early termination fee at this time. This is probably because its fees vary significantly from contract to contract. Nonetheless, merchants can reasonably expect to see PCI compliance fees and/or monthly minimum fees should they choose to sign up with International Bancard.
eCommerce merchants should also anticipate some additional fees, like batch fees, for using Bancard’s payment gateway.
Pricing Model
UnknownInterchange PlusTiered Pricing
Swiped Rate
1.00% - 4.99%
Keyed-in Rate
1.00% - 4.99%
Mobile Payment Rate
Virtual Terminal Rate
1.00% - 4.99%
Monthly Fee
Undisclosed
Payment Gateway Fee
Undisclosed
Batch Fee
Undisclosed
Early Termination Fee
Up To $599
PCI Compliance Fee
Undisclosed
Equipment Lease Terms
36 Month (locked)
Address Verification Service (AVS)
Application Fee
Account Setup Fee
$0
Gateway Setup Fee
36 Month (locked)
Annual Fee
Monthly Minimum
Undisclosed
Statement Fee
A standard contract with International Bancard is a three-year agreement with automatic renewal. These contracts include an Early Termination Fee of $599 or the maximum amount dictated by state law, whichever amount is lesser.
Contract Length
3 Years
Early Termination Fee
Up To $599
International Bancard is accredited with the Better Business Bureau and maintains an “A+” rating on its profile with the BBB. International Bancard has received approximately 15 complaints between the BBB and other review sites, most of which criticize the company for hidden fees and difficulty canceling service.
There are no outstanding class action lawsuits or FTC complaints against IB at this time.
BBB
A+(0 complaints)
3.3 Stars / 37 Reviews
4.9 Stars / Based on the opinion of 9 people
Yelp
3 Stars / 2 Reviews
Total Online Reviews
50+
Total Online Complaints
10+
Lawsuits
None
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