International Bancard Reviews & Complaints

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2.5
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Overview

In this article, a thorough overview of International Bancard, a key player in the merchant account services industry. We'll examine their range of offerings, including versatile POS systems, mobile payment solutions, and comprehensive online payment gateways. We will also ook into their virtual terminal services and customer-focused gift and loyalty card programs.

Key to our analysis is a balanced view of the pros and cons of using International Bancard, along with insights into the company's fraud prevention measures, customer reviews, and recent industry developments, such as the Visa & MasterCard lawsuit. We scrutinize their fee structures and customer support options, comparing them with industry standards.

Lastly, we'll touch upon International Bancard's employment practices and sales tactics, providing a rounded perspective on what it means to partner with or work for this Michigan-based merchant account provider.

About International Bancard

Founded in 2001, International Bancard is a Michigan-based merchant account provider that processes electronic transactions for all major credit card brands. International Bancard appears to either resell Global Payments contracts or rely on Global Payment for its processing needs. In fact, the address listed on the IB website is actually the headquarters for Global Payments.

International Bancard has partnered with a number of businesses, including Fee Navigator and TherapyAppointment.

International Bancard Payment Processing

International Bancard claims to serve more than 60 industries and provide government agency payment processing nationwide. The company's website lists multiple partnerships with several different companies for terminal leasing, payment gateways, electronic invoicing, and cash discount programs.

Point-of-Sale (POS) Systems

International Bancard offers a variety of POS systems that are designed to meet the needs of businesses in various industries. Whether you're looking for a traditional countertop terminal or a mobile POS, International Bancard has a solution that can help you process payments quickly and securely. Clover and Poynt are listed as POS solutions offered by International Bancard.

Mobile Payment Solutions

International Bancard's mobile payment solutions allow businesses to accept payments on-the-go using a smartphone or tablet. This is ideal for businesses that operate in remote locations or attend trade shows, farmers markets, or other events.

Payment Gateway Services

International Bancard's payment gateway services enable businesses to accept credit and debit card payments securely and easily via their website. The payment gateway is fully customizable and integrates with major e-commerce platforms such as Shopify, WooCommerce, Magento, and more.

Virtual Terminal Services

International Bancard's virtual terminal services allow businesses to process credit and debit card payments over the phone or via email, without the need for a physical card reader. This is ideal for businesses that don't have a storefront or need to process payments remotely.

Gift and Loyalty Card Programs

International Bancard offers gift and loyalty card programs that can help businesses increase customer loyalty and drive sales. These programs are fully customizable and can be integrated with POS systems and e-commerce platforms.

Fraud Prevention Services

International Bancard offers a suite of fraud prevention services that can help businesses reduce the risk of fraud and chargebacks. These services include address verification, card security code (CVV2) verification, and fraud screening.

Location & Ownership

International Bancard is headquartered at 1505 Woodward Ave, Detroit, Michigan 48226, but the IB website lists Global Payments' address, which is 1 Heartland Way, Jeffersonville, IN 47130. International Bancard Corp. is a registered ISO/MSP of Wells Fargo Bank, N.A., Walnut Creek, California. David Iafrate is the company's founder, chairman, and CEO.

Pros & Cons
Pros: Cons:
Recognized industry leader. Some hidden fees possible.
No misleading marketing reported. Complaints about customer service.
Wide range of payment solutions. High early termination fees.
Accepts all major credit cards. Monthly fees likely.
Offers virtual terminal, payment gateway. Processing rates: 1% - 4.99%.
Automatic contract renewal.

International Bancard Customer Reviews

Here's What Their Clients Say

Customer Reviews Summary
Total Online Complaints 10+
Live Customer Support Yes
Most Common Complaint Hidden Fees
Recent Lawsuits No

Low Complaint Total

The comment section of this review contains a number of negative International Bancard reviews, and there are nearly 10 negative publicly listed International Bancard reviews on other consumer protection websites. Common themes among complainants include hidden fees, rate increases, and difficulty canceling service. It is possible that Global Payments provides some customer support for International Bancard clients, in which case complaints about International Bancard might be redirected to Global Payments. If you have your own International Bancard review to make, please do so in the comments below.

International Bancard Lawsuits and Fines

We have not found any outstanding class-action lawsuits or FTC complaints filed against International Bancard. Dissatisfied merchants who wish to pursue a non-litigious course of action against the company should consider reporting it to the relevant supervisory organizations.

International Bancard Customer Support Options

The International Bancard website lists multiple phone and email customer support channels.

International Bancard Customer Service Numbers

  • (800) 827-4880 – Toll-Free Customer Support (If Merchant ID starts with 8788 or 16)
  • (855) 844-5960 – Toll-Free Customer Support (If Merchant ID starts with 532008 or 7762)
  • (877) 621-0004 – Sales
  • (877) 436-9012 – Partner Relations

Other Support Options

The company’s robust support offering seems to have kept its complaint rate low, but it doesn’t quite perform at the level of top-rated merchant accounts for great customer service.

International Bancard Online Ratings

Here's How They Rate Online

Online Ratings Summary
BBB Rating 2
PissedConsumer Rating 2.6
Our Rating 2.5
Average Rating 2.37

BBB Rating Analysis for International Bancard Corporation

International Bancard Corporation, based in Detroit, MI, is not BBB accredited and has a “B-” rating. The company has an average customer review rating of 2/5 stars based on 4 customer reviews. Additionally, there have been 2 complaints closed in the last 3 years, with none closed in the last 12 months. Common themes in the reviews and complaints include issues with product/service and billing disputes.

Negative Feedback

Charged $169 fee that I was not informed about. When I called they stated they put a notice of the fee on the August statement—nope, not a single notice in the August, September, or October statement. The representative said it was for infrastructure and upgrades but could not answer other questions. She stated she was trying to get an answer and she would be sending out an email when she did. Don’t use this company! They charged this fee to 3 other business owners I know use them and they all confirmed they were also never notified by Bancard. – Review from Kathy S, November 2, 2023

THY STEALING MY MONEY FOR OVER 14 MONTHS CHARGING FOUR TIMES A MONTH $22.95X 2 AND 34.95X 2 AND WHEN I CONTACT THEM THEY SAYING GONNA CALL ME BACK DIFFANT RELEASES NO SOLUTIONS FRAUD CHARGING WITH NO SERVICE PROVIDING

Positive Feedback

This is a solid processor that has the client’s best interest as its top priority! – Review from February 2, 2021

Source: BBB

Used WebPilot

PissedConsumer Rating Analysis for International Bancard

International Bancard has a 2.6-star rating on PissedConsumer, based on 3 customer reviews. The reviews reflect a mix of neutral and unfavorable opinions. Common themes in these reviews include dissatisfaction with customer service and issues related to contract terms and fees.

Negative Feedback

Ripped off by International Bancard. As another reviewer wrote, the exact same thing happened with early termination fee of $599.00 deducted. The original contract was 2011 so how that is early I don’t know. This business was bought from old owner, she had no idea that there was an early cancellation fee or that the contract renewed on its own. The company continued to take $62.90 each month in fees for nothing, there were no transactions to process. They collected over $600 for doing absolutely nothing and another $599.00. This is a small company in a small town. I think the sales people do not disclose this on purpose. Very deceptive! – Review from Cailen Aii, January 31, 2018

BEWARE!!! They can get you up and running in no time. But when you cancel the service its another story. They will make you jump hoops and delay, delay, delay. Evidently, there is only one person in this company who can cancel your account. She has never been available when we have called. Our business has now been without credit card processing for over 2 weeks and we have still gotten nowhere. What a nightmare. It all started when our terminal broke. When we called to report they said we need to purchase a new one, then they deny saying that after we found another service. The personnel are rude and unprofessional when you call. Read your contract carefully! We were with them for over 5 years and they still say we owe an early termination fee? Terrible company to do business with. – Review from Anonymous, November 6, 2015

Positive Feedback

There are no positive reviews published about International Bancard on the PissedConsumer website.

Source: PissedConsumer

International Bancard Fees, Rates & Costs

A Closer Look at The Contract

Cost & Fees Summary
Cancellation Penalties Yes
Monthly & Annual Fees Likely
Processing Rates 1.00% - 4.99%
Equipment Leasing Yes

Three-Year Contract

According to the International Bancard terms and conditions, the company offers a three-year agreement that automatically renews for successive one-year terms and includes an early termination fee of either $599 or the maximum amount permitted by state law, whichever is lesser. The document we have provided does not mention any other International Bancard fees such as PCI compliance fees or monthly minimums, but these fees will likely apply to most businesses. The company’s reliance on outside sales agents means that some terms and fees in a given contract could be negotiable.

Virtual Terminal and Payment Gateway Pricing

In addition to its storefront payment processing services, International Bancard also dedicates a portion of its website to advertising its virtual terminal and payment gateway. However, pricing is not disclosed on either of those services. Additional International Bancard rates and fees, including gateway fees, technical support fees, batch fees, and additional transaction rates typically apply to these e-commerce services.

More Expensive Than Average

International Bancard’s early termination fee is much larger than the industry average, which is the primary factor preventing it from competing with the cheapest merchant accounts available. We also encourage business owners to check out our list of the providers of the best merchant accounts.

International Bancard Employee Reviews & Sales Tacitcs

Should You Work For Them?

Jobs & Marketing Summary
Uses Independent Resellers Yes
Telemarketing Yes
Misleading Marketing No
Discloses All Important Terms No

Inside/Outside Sales Team

International Bancard appears to utilize telemarketing and independent sales agents in addition to its inside sales team. Outside sales agents sometimes generate complaints due to a lack of training and supervision, and we have found a few International Bancard reviews that mention the company’s sales team. Two International Bancard complaints posted in the comments section of this review report an undisclosed early termination fee of $600 associated with the company’s standard equipment lease, which is a higher-than-average amount. There are also a few International Bancard complaints filed on other consumer protection websites that mention similar nondisclosure of fees, as well as complaints related to rude telemarketing and in-person tactics. This does not compare favorably to our list of best credit card processors. These complaints have been posted with enough consistency to lower the company’s score to a “B.”

No Deceptive Quotes

To its credit, International Bancard does not list any misleading rate quotes or unrealistic guarantees in its official materials. If you suspect that you are being overcharged by International Bancard, you can find hidden fees in your statement with a third-party statement audit.

Our International Bancard Review Summary

Our Final Thoughts

International Bancard rates as an above-average credit card processing provider according to our criteria. The company appears to provide ample customer service and agent oversight, resulting in a low complaint rate. However, its early termination fee is much higher than the industry standard. It’s also worth noting that businesses might accidentally search for this company using the incorrect spelling “International Bank Card.” If you are considering International Bancard, be sure to compare its pricing to that offered by the top-rated overall merchant accounts.

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Which is Most Important for You?

If you had to pick one, which quality would you say will be the most important with your next credit card processor? Tap or click your selection to register your vote:

  1. Low Transaction Fees
  2. No Monthly Fees
  3. No Contract
  4. Reliable Customer Support
  5. Quick Signup

Testimonials & Complaints

How Did International Bancard Treat You?

12 User Reviews

  • Rachel

    2 things. They have mis-charges. They charged me extra fees that they weren’t supposed to. When I called to get an explanation they continued to promise to call back, but never did. They did finally resolve the charge but never did call back or give an explanation.

    Second, they did not fully explain PCI compliance. I had no idea what this was or that I would be charged for it. They did not include this charge on my statement so I didn’t catch the charge for months as it was being taken out of my bank account and I started to realize it wasn’t matching my statement from them. I called to get this resolved and it took several hours on the phone as they had me registered as the wrong kind of business. I am honestly not sure if I still did things correctly or I even needed to do this for my business as I don’t handle the credit cards, it’s all through a 3rd party app. I lost hundreds of dollars over this and my business is so small I only make a few thousand dollars in a year.

  • P

    No one will respond to cancel my account. Person who signed me up “Gus” excellent response rate but when trying to cancel critics chirping. No response with customer service either on simply even answering how to go about it. Beware DO NOT sign up with them. Also they have a three year contract and fee to cancel. Mine does not because i asked But read the fine print.

  • JOE

    THY STEALING MY MONEY FOR OVER 14 MONTHS CHARGING FOUR TIMES A MONTH $22.95X 2 AND 34.95X 2 AND WHEN I CONTACT THEM THEY SAYING GONNA CALL ME BACK DIFFANT RELEASES NO SOLUTIONS FRAUD CHARGING WITH NO SERVICE PROVIDING

  • JoAnn

    Deceptive practices! DO NOT SIGN contract unless you ask for the entire 12 pages. You are only offered 3 of which you read and sign and there are actually another 9. You are signing a contract for 3 years, with a outrageous $599 early cancellation fee. You also must notify them that you intend to cancel BEFORE 60 days BEFORE the end of your contract or it rolls over into another year, and you STILL have a $599 early cancellation fee. They can also raise fees anytime they want.

    They can only be deceptive to make any sane person sign this contract. They have taken advantage of our whole salon who are all independent (6 contracts all with same terms – 2 are single parents).

    It seems so unnecessary to have to trick and trap costumers when all you have to do is offer normal merchant credit card processing.

    Hope to help someone else not be duped.

  • Will Vanover

    BEWARE!!! They can get you up and running in no time. But when you cancel the service its another story. They will make you jump hoops and delay, delay, delay. Evidently, there is only one person in this company who can cancel your account. She has never been available when we have called. Read your contract carefully! We were with them for over 5 years and they still say we owe an early termination fee? Terrible company to do business with.

  • Jerod Kiger

    We used international bancard and had satisfactory service until our service contract was coming to an end. We contacted the company to see how to make sure our service was not automatically renewed at the end of our contract. Instead of contacting us and telling us how to do this, they shut off our service early and hit us with a $600 cancellation fee. After getting this problem somewhat fixed (they turned our service back on, refunded us $300 and told us they would refund the other $300 at the end of our contract) we followed the directions they gave us to make sure our contract was not renewed. This involved sending them a fax, which they claimed they did not receive. They renewed our contract against our wishes and we have been fighting them ever since. We will get someone to call us back once, we explain the problem to them and they say they will call back soon and they never do. This has been going on for 4 months. Either this company is horribly stupid, or this is their standard way of doing business. Avoid them at all costs!

  • mitch mayer

    processing went great for one year then we changed banks for our deposits and all heck broke loose.they pulled money out of my accont instead of putting my 4000 dollars in.and really didnt care.amy was very little help.turned them into bbb .sent a complaint to the attorney general.sent complaint to the chamber of commerce..beware what you sign with these people..they will take your money then ask questions later..termination fees 600 dollars per terminal.bet you didnt read that..your fault or not..you pay.

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