High-risk merchants in need of payment processing services at a lower cost.
Bankcard specializes in working with high-risk merchants to offer them payment processing services. This company offers zero-cost credit card processing.
Setup Fee: Unknown
Monthly Fee: Unknown
Swipe Rate: Unknown
Keyed-in Rate: Unknown
Early Termination Fee : Unknown
Bankcard Services is a registered ISO of Wells Fargo Bank, N.A., Concord, CA.
This company offers payment processing services through payment gateways and POS systems, and it specializes in working with high-risk merchants.
The Bankcard website does not have an About Us page and there is no additional information to be found about this processor online.
Bankcard Services is located in Bingham Farms, MI. This company is a registered ISO of Wells Fargo Bank, and it specializes in providing payment processing services to high-risk merchants.
Bankcard offers a way for merchants to obtain zero-cost credit card processing by passing along the processing fees to the consumer. The company also works with offshore merchant accounts. Bankcard provides POS systems, payment gateways and this company can also integrate with merchants’ existing payment processing software. There is very little information available online for this ISO. The company’s website does not have an About Us page, and there are no reviews for its products or services.
Merchant Provider Risk Tolerance
Hardware & Software
It appears that Bankcard offers POS systems through Clover, according to the company website. Retail and other brick and mortar businesses have the option of several POS systems, including countertop and mobile payment processing solutions.
Bankcard utilizes its own payment gateway called Bankcard Connect. This software integrates with many other programs, including QuickBooks.
The company can also integrate with state EBT systems in order to allow merchants to accept EBT payments.
Value Added Services
Bankcard does provide many value added services for its merchant customers. They include the following:
Gift card program - Tailored solutions that include custom cards and carriers and gift card bundles.
Loyalty program - Customer rewards for loyalty that includes real-time reporting and analysis.
On-site ATMs - Three different options are available for ATM payments.
Business loans - Capital funding for merchants to grow their businesses and begin planning for the future.
Supported Payment Types & Services
Bankcard Services supports several different types of payments, including:
All 4 major credit cards, although the terms for processing American Express payments may differ.
Debit card payments
Checks and electronic checks
Bankcard also supports subscription billing and processing for recurring memberships, services and products.
Discloses All Important Terms
Public Pricing Available
Bankcard states on its website that the company offers fair, transparent pricing and rates with customized pricing available to merchants, if needed.
Merchants can tailor their pricing to meet their unique needs. In-person and retail payments are listed at a rate of 2.3% +$0.10 per transaction. For card-not-present payments, the rate is 3.3% + $0.15.
With both types of payments, merchants have the option to pass along those transaction fees to their customers. Bankcard advertises no set-up fee and no monthly charge for merchants that are processing more than $5,000 per month in credit card transactions.
The company is not clear about pricing for merchants processing less than $5,000 per month.
Mobile Payment Rate
Virtual Terminal Rate
Payment Gateway Fee
Early Termination Fee
PCI Compliance Fee
Equipment Lease Terms
Address Verification Service (AVS)
Account Setup Fee
Gateway Setup Fee
There is no language on the Bankcard website that indicates any information about the contract and terms.
Early Termination Fee
There is no indication about how long it might take for merchants to get set up with Bankcard as their payment processing service if they need POS systems as well. On the company’s website, the Developers page states that merchants can get set up in minutes with the company’s VARs and ISVs.
The Bankcard Services website has a Contact page that offers links to sales and support. They also list a company phone number, but it appears that this is a general phone number. The support page lists some frequently asked questions and it has a contact form.
Bankcard Services, Inc. is an accredited business with the Better Business Bureau. This company has an A+ rating on the BBB website.
The BBB website states that the company has been in business for 11 years and accredited since June of 2011. There are no customer reviews or complaints listed on the site.
Other Online Reviews
There is very little information available online regarding Bankcard Services, Inc. reviews. The one review that was found only had one comment, and the commenter gave the company 4/5 stars and stated that the company’s pricing is transparent due to offering interchange plus pricing. The commenter also stated that customer service was very responsive.
Total Online Reviews
Total Online Complaints
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