AmeriBanc National Review

Rates and Fees
Truth in Advertising
Consumer Reviews
Customer Support

Best for

Small business, mom and pop, online, e-commerce, low-risk, high-risk

Specializes in

AmeriBanc National is a merchant account provider that was based out of Wheaton, IL. AmeriBanc was a reasonably standard merchant account provider and a reseller of Total Merchant Services and global payments. Its website has been inactive since November of 2018.

Pricing Summary

Setup Fee: $0

Monthly Fee: Variable

Swipe Rate: Variable

Keyed-in Rate: Variable

Early Termination Fee : Variable

Contract Terms:

Visit AmeriBanc National

Dan Lewis founded AmeriBanc National in 2004, in Wheaton, IL. The company has around ten employees and is on the smaller end of credit card processing companies. The company mainly services smaller businesses, online stores, and mom and pop businesses. 

AmeriBanc National Overview


AmeriBanc National was a reasonably standard merchant account provider. Its pricing model isn’t available, and the company does not offer much information about many of its rates and fees. According to various sources, AmeriBanc National offers a month-to-month agreement that doesn’t have an early termination fee in terms of its contract. It has a noticeable amount of online complaints, so its reputation is on the mixed side. 

AmeriBanc zeroes in on small businesses, online stores, mom and pop businesses, and similar kinds of companies as the primary clients that it services for an industry focus. AmeriBanc National has had a static website since November 2018, and the company has made no public statements about this. Merchants who already use this provider should consider switching their service as it may no longer service accounts soon.

Quick Facts

Head Quarters

Wheaton, IL

Year Founded



Dan Lewis



Merchant Provider Risk Tolerance

What We Like

What We Don't Like

Industries Served

  • Clothing & Apparel
  • Convenience Store
  • Electronics
  • Gas Station
  • Moving Companies
  • Personal Service
  • SAAS
  • SEO & SEM Services
  • Thrift Store
  • Web Design Services

Business Types Served

  • Ecommerce
  • Information
  • Low Risk
  • Mom & Pop
  • Online
  • Small Business
  • Wholesale

AmeriBanc National Products & Services


Due to the lack of information from AmeriBanc combined with its defunct website, it is hard to list a full, feature-complete list of all of its services and products that are offered. Instead, this section will simply list some standard services and features that most merchant account providers--and probably AmeriBanc, at some point--provided.

Point 1: Credit/Debit Processing, Cash Advance 

AmeriBanc National offered credit card and debit processing, and presumably cash advances as well. This would let merchants take debit and credit cards, which in modern times are the lifeblood of any company, and occasionally engage in a cash advance if the money was necessary to pay bills or use to get ahead and take advantage of an opportunity. 

Point 2: POS Equipment and Equipment Leasing

AmeriBanc probably offered POS--point of sale--equipment and leased it at a nominal fee to take payments physically. These equipment leases sometimes have contract terms that can last for years and are not breakable without their cancellation fees. Sometimes the equipment leases are not cancellable at all.

Point 3: Online Gateways and Virtual Terminals

Finally, for online processing, AmeriBanc may have offered an online gateway and a virtual terminal. This would let online stores and e-commerce take payments and engage in business. Considering it serviced online stores, it’s almost a certainty that this was one of the primary services and products that it offered.

AmeriBanc National Payment Processing

  • Credit Card Processing
  • Debit Card Processing
  • Gift & Loyalty Program
  • Online Payments
  • Payment Gateway
  • POS Equipment

AmeriBanc National Billing & Invoicing

  • Mobile Payments
  • Online Payments
  • Payment Processing

AmeriBanc National Advertising & Sales

AmeriBanc National uses telemarketing and independent sales agents as a way to market and advertise its services. This is usually a black mark on a company, as independent agents aren’t as well-trained and tend to engage in deceptive sales tactics to make extra money. Unfortunately for AmeriBanc, it seems that its sales agents also do the same thing, as many negative reviews online state several different issues with its independent sales agents: from high-pressure sales tactics to misrepresentation of rates to nondisclosure of contract terms to merchants. The complaints about AmeriBanc’s sales agents are numerous and notable online. 

AmeriBanc National is an ISO of HSBC Bank USA, National Association, Buffalo, New York. Its sales agents, general marketing and advertising, and rates don’t entirely seem to be honest. Its pricing isn’t fully transparent either.

Truth in Marketing

Discloses All Important Terms


Public Pricing Available


AmeriBanc National Pricing, Rates & Fees


AmeriBanc seems to use the same contracts as Global Payments. Global Payments tend to use interchange-plus pricing and tiered-pricing, but the exact rates and specific numbers aren’t available to the public. Some fees that are known, however, are a monthly minimum of $25, a $99 annual PCI Compliance Fee, and a statement fee of $8. The disclosure of pricing does not appear to be AmeriBanc’s strong suit.

Pricing at a Glance

Pricing Model

Interchange PlusTiered Pricing

Swiped Rate


Keyed-in Rate


Mobile Payment Rate

Virtual Terminal Rate


Monthly Fee


Payment Gateway Fee


Batch Fee


Early Termination Fee


PCI Compliance Fee


Equipment Lease Terms


Address Verification Service (AVS)

Application Fee

Account Setup Fee


Gateway Setup Fee

Annual Fee


Monthly Minimum


Statement Fee

AmeriBanc National Contract & Terms

As a reseller of Global Payments, AmeriBanc uses a very similar contract, if not identical. AmeriBanc signs up merchants for varying kinds of deals, but most of them are either a fixed contract (like a year or 36 months) or a month-to-month agreement with no cancellation fee. However, Merchants complain that AmeriBanc signs them up for an automatically renewing contract that has a ton of costs and a high early termination fee of at least $195, if not more. Many merchants have complained about this.

Contract Length


Early Termination Fee


AmeriBanc National Setup & Support


Setup Highlights

  • Live Online (1-on-1)

Support Highlights

  • Domestic Phone Support (Business Hours)

AmeriBanc National Complaints, Ratings & Reviews

AmeriBanc National closed down and is out of business according to BBB. 7 complaints were completed in the past three years, with one review leaving it at 1 out of 5 stars. Google has it rated at a 1.9 out of 5 with 37 reviews. Glassdoor and Indeed have it at a 3.3 each, with 53 votes and 40 reviews, respectively.

There are no known lawsuits involving AmeriBanc National. Still, there are numerous online complaints from merchants stating misrepresented fees, nondisclosure of contract terms, and feeling as if they were ripped off by the company.

Based on this information, AmeriBanc National seems as if it engaged in deceptive sales tactics, and its various actions closed it down and ran it out of business. While it no doubt offered some level of legitimate services to its merchants, it is a mystery just how much it engaged with this behavior or not. 



NR(10 complaints)


1.9 Stars / 37 Reviews




No Reviews yet


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


Merchant Accounts

© SERP  | As an Amazon Associate we earn commissions from qualifying purchases.
cogthumbs-upchevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram