North American Bancard Reviews

North American Bancard Overview

North American Bancard is a very large merchant account provider and ISO of First Data and Global Payments headquartered in Troy, Michigan. The company has been privately owned since its inception in 1992 and currently has 900 employees. North American Bancard claims to service over 250,000 merchants and process over $34 billion in transactions per year. The company provides backend credit card processing for a number of notable ISOs within the credit card industry, including SekureCard and PayProTec. North American Bancard has also launched two separate mobile phone processing services called Phone Swipe and PayAnywhere.

North American Bancard’s size enables it to serve merchants of nearly any size or type, including retail, restaurant, petroleum, grocery, banking, hospitality, B2G, and B2B businesses. The company’s products and services include check processing, fleet card acceptance, tablet point-of-sale systems, gift and loyalty programs, wireless credit card terminals, MOTO solutions, merchant cash advance, ATM placement, and e-commerce solutions. The standard North American Bancard contract is a three-year agreement with a liquidated damages termination fee that costs at least $295. Of the company’s two mobile processing solutions, PayAnywhere seems to have gained much more traction in the market and is a primary competitor of Square. PayAnywhere recently expanded its product to include a tablet-based storefront point-of-sale system that comes with a free 10-inch tablet upon account activation.

North American Bancard offers phone and email support to its merchants, although the hours of operation for these channels are not clearly listed. The company’s founder, CEO, and president is Marc Gardner.

North American Bancard Promotional Video

Online reputation and reviews

As might be expected of any large processor, North American Bancard has amassed hundreds of negative complaints to its name. However, the issues cited in these complaints include long-term contracts, huge cancellation penalties, deceptive sales tactics, and exceedingly poor customer service. At this time, it is difficult to locate verified positive reviews about North American Bancard.

Legal actions and lawsuits

There are no outstanding or recently resolved legal actions related to North American Bancard at this time.

Have you used North American Bancard for your business? Rate the company at the top of this post and tell us about your experience in the comment section below: