Select Banking Systems Review

Category Breakdown
Sales & Marketing rated A
Costs & Contract rated A
Complaints & Service rated A plus
BBB Rating rated A

Overall Rating

"A" Credit Card Processor Rating


Select Banking Systems ( is a merchant account provider serving most types of business. The company claims to be a sub-ISO of several different financial institutions and has offered a wide variety of business solutions over the years. Founded in 1992, SBS is located at 5701 Woodway Dr., Houston, Texas 77057 and is a registered ISO/MSP of Wells Fargo Bank, N.A., Walnut Creek, California. Danny Harris is listed as the owner of Select Banking Systems.

Select Banking Products and Services Industries Served
  • Debit and credit card processing
  • POS equipment
  • Virtual terminal
  • ATM placement
  • Mobile processing
  • Check acceptance
  • Retail
  • MOTO
  • E-commerce
  • Restaurant

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Sales & Marketing | A

Key Points – Sales & Marketing
Uses independent resellers? No
Promotes deceptive rate quotes? No
Discloses all important terms? No

It is unclear at this time how Select Banking Systems markets itself outside of its website and traditional advertising. There is no evidence that the company employs independent sales agents, and we are currently unable to locate any negative Select Banking Systems reviews that accuse the company of deceptive sales tactics. Select Banking Systems also does not appear to engage in misleading advertising strategies in its official materials.

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Costs & Contract | A

Key Points – Costs & Contract Terms
Swiped rate: Variable
Keyed-in rate: Variable
Termination fee: Variable
PCI compliance fee: Variable
Equipment lease: Variable

There is very little publicly available information at this time regarding the standard Select Banking Systems contract. The company’s merchant agreement is not available online, and it is not clear which company provides the actual credit card processing network for Select Banking Systems. It is known that Select Banking Systems is partnered with a Houston, Texas-based ATM provider called Cardtronics. We are unable to locate any complaints about Select Banking System at this time, which indicates that the majority of the company’s clients are satisfied with their contract terms. If you have any knowledge of the company’s standard contract, please leave that information in the comment section of this review.

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Complaints & Service | A+

Key Points – Complaints & Service
Total complaints: <10
Live customer support: Yes
Most common complaint: N/A

We are currently unable to locate any Select Banking Systems reviews that accuse the company of being a scam or a ripoff. In fact, the company is showing zero total reviews across all consumer protection websites at this time. This seems to be indicative of a proactive customer support staff that resolves most complaints in-house. The company’s website lists dedicated customer support phone numbers for merchants, although it’s unclear whether customer service is handled by Select Banking Systems or by its backend processor.

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BBB Report | A*

Key Points – BBB Report
Product/service: 0
Billing/collection: 0
Advertising/sales: 0
Guarantee/warranty: 0
Delivery: 0

As of this review, Select Banking Systems is not an accredited business of the Better Business Bureau and does not have a rating. The BBB states that the reason for the absence of a rating is the fact that the BBB is updating its files on the company. There are zero complaints or informal reviews registered on the BBB profile for Select Banking Systems. A spotless complaint record usually merits an “A+” according to our rating system, but given the lack of information on the company, we have slightly lowered that grade to an “A” for now.

* Denotes CPO-adjusted BBB score

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Bottom Line

Select Banking Systems Review

Rated 4.6 out of 5 Stars
Reviewed by Phillip Parker
Reviewed on 2015-04-09

Select Banking Systems rates as a reliable merchant provider according to our rating system. The company is showing zero complaints across all consumer protection websites at this time, but there is also very little information available about it. The company’s overall rating is liable to change once more is known about its contract terms and hiring practices.

This review was originally published on 10/22/12 and was last updated on 4/9/15.

Leave your review of Select Banking Systems in the comment section below:

Phillip Parker is a former merchant services agent turned small business advocate and the author of "Fee Sweep," which teaches merchants how to dramatically lower their processing rates, eliminate junk fees, and avoid fine-print scams. He founded to help merchants enact positive change in the credit card processing industry. Schedule a Consultation with Phillip

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