Overview
In this review of Bank Transactions Inc., we will provide a detailed overview of the company's credit card processing services. We will cover the range of services they offer, including point-of-sale (POS) systems, mobile payment solutions, and e-commerce capabilities. The review will identify the types of businesses that might benefit from these services. Additionally, we will examine client and customer reviews to highlight common trends and potential concerns. The article will also address the company's pricing structure, contract terms, and specific features provided. By the end of this review, you will understand whether Bank Transactions Inc. meets your payment processing needs.
About Bank Transactions
Bank Transactions Inc. provides credit card processing solutions and merchant accounts for businesses, financial institutions, government agencies, and sales organizations. The company was launched in 2004 and claims to be a direct Visa and MasterCard processor, but it is actually a reseller of First Data (now Fiserv).
Bank Transactions Inc. Products and Services
Payment Processing
Bank Transactions Inc. processes major debit and credit cards for various business types. While the exact services they offer are unclear, they likely provide both in-person and online payment processing.
Point of Sale Systems
Bank Transactions Inc. offers point-of-sale (POS) systems to facilitate transactions in physical retail environments. These systems help businesses manage and track sales and inventory efficiently.
Online Payment Processing
For online businesses, Bank Transactions Inc. provides online payment processing services. Their system integrates with a business’s online store to facilitate secure internet transactions.
Mobile Payment Solutions
Bank Transactions Inc. offers mobile payment solutions, allowing businesses to accept payments via mobile devices. This service provides flexibility for accepting payments in various locations and situations.
Additional Merchant Services
In addition to payment processing, Bank Transactions Inc. offers a range of merchant services, potentially including check processing, gift and loyalty card programs, and merchant cash advances. These services aim to provide businesses with a comprehensive suite of payment solutions.
KC
I have been trying to cancel my merchant account with Bank Transactions for over 6 weeks. They forward their calls to First Data so you can’t talk to anyone at Bank Transactions. First Data says there is nothing they can do but they can “escalate” it and the only way to cancel your account is through Bank Transactions. What a scam!! I had to call my bank and pay a fee to block Bank Transactions from taking any more fees for an account I am no longer using. There is no way for me to get the fees back that Bank Transactions has taken since I have been trying to cancel my account. I have sent emails, left phone messages, had First Data escalate the issue over and over for weeks. The only call I got from Bank Transactions was to tell me to change my account to secretly charge my customers the merchant account fees so that my fees would be zero. Isn’t that illegal???? Don’t get a merchant account from a company that won’t let you cancel and keeps charging fees.