This article provides an in-depth review of BankCard Brokers, a credit card processing company. We will cover the various services and products offered by the company, including merchant accounts, payment gateways, and point-of-sale systems. The article will also examine the fee structures and contract terms associated with BankCard Brokers. Additionally, we will analyze customer reviews and support options to give you a comprehensive understanding of the user experience. By comparing BankCard Brokers with other processors in the market, this article aims to help you determine if their services meet your business needs.
About Bankcard Overview
Founded in 2007, Bankcard Brokers is a merchant account provider thatspecializes in serving high-risk business types. The company was once partnered with a high-risk payment processor called Guardian Data Systems, but the two companies are no longer affiliated. Bankcard Brokers is one of a small number of payment processors that can service cannabis, CBD, and hemp merchants.
Bankcard Brokers provides payment processing services designed for high-risk businesses. These services address the specific challenges faced by sectors such as online gaming, travel, and adult entertainment. The focus is on offering secure and reliable transaction processing to manage the risks inherent in these industries, ensuring compliant and smooth business operations.
Credit Card Terminals
Bankcard Brokers supplies various credit card terminals to meet different business needs. These terminals incorporate modern technology to securely and efficiently process credit and debit card payments. Options include countertop, wireless, and mobile terminals, suited to diverse transaction environments and business sizes.
POS Systems
Bankcard Brokers offers Point of Sale (POS) systems aimed at improving business operations. These systems feature tools for sales tracking, inventory management, and customer relationship management. The POS solutions are customizable and designed to be user-friendly, aiding businesses in streamlining their operations and increasing efficiency.
Mobile Solutions
For businesses requiring mobile payment capabilities, Bankcard Brokers provides solutions that allow payments via smartphones or tablets. These systems offer flexibility and convenience, especially for service-based industries, market vendors, and mobile businesses, enabling them to process transactions from any location.
Contactless Pay
Bankcard Brokers supports contactless payment methods, allowing businesses to accept payments through NFC-enabled devices and contactless cards. This technology offers quick and secure transactions, improving the customer experience by reducing wait times and minimizing physical contact, which is particularly important in the current health-conscious climate.
Payment Gateways
Bankcard Brokers offers payment gateways for secure online transactions in e-commerce. These gateways integrate with various shopping carts and e-commerce platforms, providing a seamless checkout experience for customers. Features include fraud detection and real-time transaction monitoring to help businesses effectively manage online payments.
Fraud and Chargeback Protection
To protect against fraud and chargebacks, Bankcard Brokers provides comprehensive services that include advanced fraud detection tools, real-time monitoring, and proactive chargeback management. These measures aim to reduce the risk of financial losses and help maintain the business's reputation.
Bankcard Brokers offers most standard payment processing services
Bankcard Brokers Customer Reviews
Here's What Their Clients Say
Customer Reviews Summary
Total Online Complaints
<10
Live Customer Support
Yes
Most Common Complaint
N/A
Recent Lawsuits
No
No Client Complaints Found
We are unable to locate any negative Bankcard Brokers reviews, and there is no evidence to suggest that the company is a scam or a ripoff. This clean complaint record is admirable for a credit card processor that has been in operation since 2007, and it’s doubly so considering that Bankcard Brokers focuses on high-risk industries. If you have your own Bankcard Brokers review to make, please do so in the comments below.
Bankcard Brokers Lawsuits
We have not found any outstanding class-action lawsuits or FTC complaints filed against Bankcard Brokers. Dissatisfied clients who wish to pursue a non-litigious course of action against the company should consider reporting it to the relevant supervisory organizations.
Bankcard Brokers Customer Support Options
High-risk merchant account providers tend to attract complaints related to account closures, chargeback fees, or underwriting issues, but Bankcard Brokers has avoided that type of feedback thus far. We will therefore assign it an “A” rating in this category.
Bankcard Brokers currently has an “A+” rating with the Better Business Bureau and has been BBB-accredited since February 2013. The company has had 0 complaints to this profile in the past 36 months. It also has not received any informal reviews on its BBB profile, although it should be noted that these reviews are not subject to verification by the BBB.
An “A” Performance
In light of Bankcard Brokers’ clean complaint record, we agree with the BBB’s rating. Readers should be aware, however, that there is reason to be skeptical of the BBB’s rating system.
There’s a scarcity of publicly available information regarding the standard Bankcard Brokers contract. The company opts not to disclose its pricing or contract terms on its website. Additionally, no client complaints mention specific rates or fees. Given Bankcard Brokers’ specialization in high-risk industries, it’s highly probable that contract terms vary based on factors like business type, tenure, sales volume, and processing history.
Virtual Terminal and Payment Gateway Pricing
Bankcard Brokers showcases its virtual terminal and payment gateway services, primarily facilitated through Authorize.Net. Typically, under a standard Authorize.Net contract, businesses are subjected to a rate of 2.90% plus $0.30, a $25 monthly gateway fee, and a $0.15 batch fee. However, as an Authorize.Net reseller, Bankcard Brokers retains the flexibility to modify these agreements, potentially resulting in more favorable rates and fees. Bankcard Brokers grants access to the Authorize.Net payment gateway
High-Risk Merchant Considerations
High-risk business owners should anticipate higher-than-average per-transaction fees and potential imposition of cash reserve or rolling reserve policies. These norms are due to the inherent risk of chargebacks in the high-risk sector. Consequently, clients shouldn’t expect Bankcard Brokers’ contract terms to rival those of the most economical merchant accounts. Should you possess insights into the standard Bankcard Brokers merchant agreement, such as details on early termination fees or PCI compliance fees, please contribute in the comment section below this review.
Bankcard Brokers appears to market its services primarily through outside sales agents and traditional advertising. We are unable to find any Bankcard Brokers reviews that accuse the company’s sales team of deceptive conduct, and a good portion of the company’s marketing is actually dedicated to educating merchants about the basics of the industry.
No Misleading Rates
As another point in the company’s favor, the Bankcard Brokers website doesn’t list any misleading rate quotes or unrealistic guarantees. We see no cause for concern when it comes to Bankcard Brokers’ sales tactics as of this review. However, we always recommend that readers consider a third-party statement audit to find and eliminate hidden fees in their statements.
Our Bankcard Brokers Review Summary
Our Final Thoughts
Bankcard Brokers rates as a reliable high-risk credit card processing provider. The company has not received any public complaints and has refrained from engaging in deceptive sales tactics, distinguishing itself positively in this regard. Despite the positive initial impression, readers should be diligent in thoroughly understanding contract terms before signing up, as detailed information about pricing remains scarce. Bankcard Brokers appears to operate at a level comparable to top high-risk merchant account providers. Ultimately, businesses considering Bankcard Brokers should compare its offerings against other high-risk merchant service providers to secure the best possible partnership.
Location & Ownership
The company is likely partnered with multiple acquiring banks in order to serve its diverse merchant base. Brett Taylor is the founder and CEO of Bankcard Brokers, which is headquartered at 300 W 15th St #301, Vancouver, Washington 98660.
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In the late 2000s, as a broke college student struggling to make ends meet, I was contacted by a merchant services company after uploading my resume to a job listings website. This company promised substantial commissions and ongoing residual income for simply persuading businesses to accept credit card payments. It seemed straightforward enough—after all, what business doesn’t need to process credit card payments? Following a phone interview with a persuasive “sales director,” I found myself embarking on what I believed would be an easy job that would significantly boost my bank account with reliable monthly income and large sales commissions. However, the lessons I learned would profoundly change my life in ways I could never have imagined.
After completing my sales training, I hit the ground running, eager to make sales. This broke college student was determined to improve his financial situation! My first attempt at a cold call, with no prior appointment, ended with a burly man in his 50s yelling at me to leave, claiming he had been “totally robbed” by someone like me before. As I hastily exited, puzzled and intimidated by his reaction, I couldn’t help but wonder what he meant. Throughout the day, I encountered similar hostility from other business owners, all expressing disdain for the industry I had been so excited to join that morning. Confused and curious, I decided to shift my approach from selling to listening.
I quickly uncovered that the merchant services sector was riddled with unethical practices, including hidden fees, deceptive marketing, fine-print traps, and much more. It dawned on me that I had nearly been tricked by a dubious company into selling overpriced services under contracts with long-term commitments, all without being fully aware of what I was promoting. Outraged, I resigned from that company but learned that there were indeed ethical credit card processing companies that treated their clients fairly. Over the next four years, I worked for one such company, assisting hundreds of businesses in securing cost-effective processing solutions. Yet, I also met many more who had been misled and trapped in onerous service agreements. Determined to help people steer clear of these unscrupulous providers, I launched this website in my spare time, dedicating myself to researching and sharing my findings on every merchant account provider I could investigate.
Gradually, more and more business owners began to discover my articles. As word spread, search engines started to rank my content highly, amplifying its reach. My efforts were making a difference! Eventually, the website garnered enough traffic to enable me to leave my job and focus on it full-time, a journey that has now spanned over a decade. This path has not been without its challenges; unscrupulous company owners have tried to intimidate and sue me into silence on several occasions. Yet, I have stood firm against each threat. Here I am, continuing to publish reviews and articles, hoping to safeguard others from the pitfalls of the credit card processing industry.
If you believe in my mission and wish to contribute, please share my articles on your websites and social media. Thank you for visiting!
Testimonials & Complaints
How Did Bankcard Brokers Treat You?
1 User Reviews
Cameron Joan
I just had to share my outstanding experience with Bankcard Brokers! As a business owner, finding the right payment processing partner is crucial, and I hit the jackpot with these guys.
From day one, the team at Bankcard Brokers impressed me with their knowledge and expertise. They took the time to understand my business needs and recommended a tailored solution that perfectly matched my requirements. It’s refreshing to work with professionals who genuinely care about their clients.
What really sets Bankcard Brokers apart is their commitment to transparency. No hidden fees or confusing jargon here! They laid out all the costs and terms in a clear, straightforward manner, so I knew exactly what to expect. It’s the kind of honesty you don’t always find in the industry.
Setting up the payment system was a breeze, thanks to their user-friendly technology. Their support team was on standby throughout the process, answering all my questions promptly. I felt fully supported and confident as we went live.
Since partnering with Bankcard Brokers, my payment processing has been smooth sailing. The reliability and speed of their service have impressed both me and my customers. And speaking of customers, they’ve noticed the seamless checkout experience too, which has undoubtedly boosted customer satisfaction and loyalty.
One feature that I adore is their advanced reporting and analytics. I can access real-time data on transactions, track sales trends, and gain valuable insights into my business’s performance. It’s like having my own data analytics team at my fingertips!
In conclusion, Bankcard Brokers has been an absolute game-changer for my business. Their expertise, transparency, and top-notch technology have made payment processing effortless and efficient. I wholeheartedly recommend Bankcard Brokers to any business looking for a reliable and trustworthy payment processing partner. They’ve won me over as a loyal and happy customer!
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Cameron Joan
I just had to share my outstanding experience with Bankcard Brokers! As a business owner, finding the right payment processing partner is crucial, and I hit the jackpot with these guys.
From day one, the team at Bankcard Brokers impressed me with their knowledge and expertise. They took the time to understand my business needs and recommended a tailored solution that perfectly matched my requirements. It’s refreshing to work with professionals who genuinely care about their clients.
What really sets Bankcard Brokers apart is their commitment to transparency. No hidden fees or confusing jargon here! They laid out all the costs and terms in a clear, straightforward manner, so I knew exactly what to expect. It’s the kind of honesty you don’t always find in the industry.
Setting up the payment system was a breeze, thanks to their user-friendly technology. Their support team was on standby throughout the process, answering all my questions promptly. I felt fully supported and confident as we went live.
Since partnering with Bankcard Brokers, my payment processing has been smooth sailing. The reliability and speed of their service have impressed both me and my customers. And speaking of customers, they’ve noticed the seamless checkout experience too, which has undoubtedly boosted customer satisfaction and loyalty.
One feature that I adore is their advanced reporting and analytics. I can access real-time data on transactions, track sales trends, and gain valuable insights into my business’s performance. It’s like having my own data analytics team at my fingertips!
In conclusion, Bankcard Brokers has been an absolute game-changer for my business. Their expertise, transparency, and top-notch technology have made payment processing effortless and efficient. I wholeheartedly recommend Bankcard Brokers to any business looking for a reliable and trustworthy payment processing partner. They’ve won me over as a loyal and happy customer!