e-Commerce and brick-and-mortar businesses
Mobile, terminal, POS, and online payment processing.
Setup Fee: $0
Monthly Fee: $5
Swipe Rate: 0.25%+$0.19 (Debit) ; 1.58%+$0.19 (Credit)
Keyed-in Rate: 0.85%+$0.19 (Debit) ; 1.99%+$0.19 (Credit)
Early Termination Fee : $0
Founded in 2007, National Bankcard resells the payment processing contracts of iPayment and Total Merchant Services.
A standard contract with National Bankcard entails a three-year agreement with no Early Termination Fee, the option of tiered or interchange-plus pricing, as well as free processing equipment for mobile and terminal transactions.
National Bankcard is a merchant account provider that resells the financial service contracts of companies iPayment and Total Merchant Services. The firm is headquartered in Melville, New York, where it neighbors several other merchant provider companies' headquarters.
The company was founded in 2007 and has Jonathan Monge listed as its current CEO. National Bankcard is a registered ISO of Wells Fargo Bank in Walnut Creek, California.
Merchant Provider Risk Tolerance
Works with businesses with a physical location and those in e-commerce.
No early termination fee.
No setup fee.
Free processing equipment for mobile and terminal transactions.
Different pricing options are available.
Has a monthly fee.
Three year contract terms.
Employs independent sales agents.
Public pricing is not available.
Does not disclose all terms.
National Bankcard’s products are all centered around equipping merchants with the ability to accept mobile, POS, terminal, and online payments.
Its POS processing service is advertised to integrate with Quickbooks and over 200 other apps in the Clover Marketplace. The company also advertises providing free equipment for merchants to process mobile and terminal transactions.
Discloses All Important Terms
Public Pricing Available
National Bankcard appears to be very upfront with their pricing and provides a link on its website's homepage for merchants to get a price quote for service directly.
Contract pricing varies depending on the merchant’s unique business model and situation, however, National Bankcard does provide the following general pricing offers on its official website:
Interchange PlusTiered Pricing
0.25%+$0.19 (Debit) ; 1.58%+$0.19 (Credit)
0.85%+$0.19 (Debit) ; 1.99%+$0.19 (Credit)
Mobile Payment Rate
Virtual Terminal Rate
1.00% - 4.99%
Payment Gateway Fee
Early Termination Fee
PCI Compliance Fee
$79 Per Year
Equipment Lease Terms
$0 - $300
Address Verification Service (AVS)
Account Setup Fee
Gateway Setup Fee
$8.00 Per Month
$5.00 - $7.50
A standard contract with National Bankcard is a three-year agreement with no Early Termination Fee (ETF.) Additional upfront fees include a Monthly Minimum Fee of $25/month, a $79 PCI Compliance Fee paid annually, and a Monthly Statement Fee of $7.50/month.
The firm offers contracts with either tiered pricing or - the more transparent - interchange-plus pricing structure.
Early Termination Fee
National Bankcard Inc is accredited with the Better Business Bureau and currently maintains an "A+" rating on its New York State BBB profile for the past 8 years. The firm also has has a 4.9/5 star rating on TrustPilot based on a healthy 2,782 reviews.
We have, however, located about 10 complaints against the firm, some of which criticize the firm for placing a hold on transaction funds, making it difficult to cancel service, and for not disclosing all fees.
Overall, National Bankcard shows stronger customer satisfaction than many of its competitors.
4.7 Stars / 548 Reviews
3 Stars / 4 Reviews
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