Editor's note: National Bankcard has updated its pricing by lowering the PCI Compliance fee from $129 to $99 per year. We will evaluate, rank and review this modification when we next update the Credit Card Processing reviews.
National Bankcard is a full-service credit card processing company that delivers competitive pricing and proactive customer service. It makes it easy to apply online and quickly sets up your merchant account. It provides you with free equipment without locking you into a contract and, it doesn't charge you a penalty if you decide to cancel your account. For these reasons, it earns our Top Ten Reviews Bronze Award.
National Bankcard offers the lowest debit card transaction fees among the services we reviewed, making it one of the cheapest credit card processors you can choose. Its credit card transaction fees and per-transaction fees are highly competitive, as is the monthly statement fee and gateway fee. The monthly minimum dollar amount of transactions that you need to process to avoid the monthly minimum fee is on par with other processors in its class. However, the annual PCI compliance fee is rather costly.
National Bankcard offers excellent service terms. It approves 99 percent of the businesses that apply for merchant accounts, and it can set up your account the same day you apply, often in as little as two hours. It has an online application with an e-signature feature that allows you to sign the paperwork using your mouse. It's free to apply and there's no setup fee.
When your application is approved, National Bankcard offers you a free credit card terminal or a free mobile credit card reader. Even though it provides you with free equipment, it doesn't require you to sign a contract and there's no penalty fee if you choose to cancel your account.
National Bankcard provides security features in accordance with the Payment Card Industry, including secure socket layer (SSL) encryption, card verification value (CVV2) validation and address verification.
National Bankcard allows you to choose from several different payment gateways, including Authorize, First Data Global, Charge Anywhere and Roam Pay. Shopping carts are available through National Bankcard for your eCommerce credit card processing needs, and you can also utilize mobile credit card processing with your account. National Bankcard clears the account quickly and deposits transactions payments into your bank account in one day.
Using your merchant account from National Bankcard, you'll be able to accept credit card payments made with every major credit and debit card, including American Express, Discover, MasterCard and Visa. Plus, the free terminal that National Bankcard offers you enables you to accept payments made using near field communication (NFC) technology like Apple Pay, Google Wallet and Softcard, as well as the EMV chip cards or smartcards.
National Bankcard provides you with a dedicated account rep who proactively follows up with you via phone calls, emails and text messages. You can contact your account rep directly or contact tech support, customer service, the risk department or the chargeback department using toll-free numbers.
National Bankcard is a terrific credit card processing company that provides you with some of the cheapest credit card processing rates available and gives you a free credit card terminal –without locking you into a contract. It also delivers exceptional service and customer support.
This company offers the lowest rates for swiped and keyed-in debit card transactions.
The annual PCI compliance fee is expensive.
Low pricing, a free credit card terminal and no contract make National Bankcard a great choice for your credit card processing needs.