NABSol Merchant Account Review

Short for “Native American Business Solutions”, NABSol is a merchant account provider that serves standard risk and hard-to-place business types within the U.S. and internationally. Founded in 2018, the company offers low, medium, and high-risk processing as well as credit card processing for CBD and hemp vendors.

Payment Processing

NABSol processes all major debit and credit cards for most business types.

No Public Complaints

We are currently unable to locate any NABSol reviews that accuse the company of being a ripoff or a scam. In fact, the credit card processor is not showing any reviews on various consumer protection websites, indicating a potentially high level of customer satisfaction. This could be a reflection of NABSol’s proactive and available customer support team.

NABSol Lawsuits

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

PaymentPop Rating for NABSol

Negative Feedback

There are no negative reviews published about NABSol on the PaymentPop website.

No BBB Profile Available

The Better Business Bureau does not maintain a profile for NABSol at this time. We therefore will not factor a BBB rating into this review.

NABSol Contract Terms

The standard NABSol contract is a term of unspecified length through First Data (Fiserv) with a per-transaction rate of interchange plus 0.50% plus $0.15, an early termination fee of $499.99, an annual fee of $99, a monthly minimum fee of $25, a monthly statement fee of $5, and a built-in equipment lease through First Data Global Leasing.

High Risk, High Fees

High-risk payment processors tend to charge higher-than-average rates due to the increased risk of chargebacks in high-risk industries. They may also enforce cash reserves to insulate themselves from fraud losses. High-risk merchants should therefore expect to receive stricter contract terms when processing payments through NABSol. We would encourage merchants to check out our list of the providers of the best merchant accounts.

Higher-Than-Average Pricing

The total absence of NABSol complaints about the company’s contract terms is a positive sign, but it should be noted that the company’s pricing is more expensive than industry averages. NABSol’s standard contract is not competitive with the cheapest merchant accounts. See the standard NABSol Merchant Application.

Inside Sales Team

NABSol appears to rely primarily on in-house staff to market its services. There is no evidence at this time indicating that the company employs a large team of independent sales agents, and we are unable to locate any NABSol reviews that report unethical behavior by the company’s sales staff. This compares favorably to our list ofbest credit card processors.

No Misleading Quotes

NABSol does not appear to engage in any deceptive advertising strategies in its official materials. If you suspect that you are being charged undisclosed NABSol fees, we recommend seeking a third-party statement audit to eliminate hidden charges.

Based on all available data, NABSol appears to be a reliable merchant services provider. While detailed information regarding its sales tactics or customer service is currently limited, the company’s clean complaint record is a positive indication of its service quality. Despite this favorable assessment, we strongly recommend that merchants meticulously scrutinize the terms of any contract presented. Compare its pricing with that of other leading merchant account providers to ensure you’re securing the best possible deal. Even companies with high ratings by our standards may have unique contract details that warrant careful consideration. This proactive approach will help you avoid potential issues and ensure the terms align with your business’s goals and budget.