National Merchant Bancard Review

National Merchant Bancard Review

Author

Overview

The National Merchant Bancard (NMB) was unclear to me when I was trying to review it. It is amazing about the size that this business has expanded through with countless domains, entities and agents, making it is probably impossible to keep track of everything.

I am biased against IOS that mainly support individual agent programs. I find it a way of outsourcing services. It creates a way for any imbecile with a license to sell NMB merchant accounts. It is not that every individual provider is bad but that the agent programs are quiet unnecessary. There is an abundance of service providers that don’t support agent programs because they view them as something that does not allow then to offer their service to the best of their ability.

In my opinion I would say that it is best that merchants find an ISO that does not support the independent agent program. You could view my merchant account comparison chart to see the many alternatives that you have. It would be best if NMB had a BBB profile and testimonials.

The best part of NMB is that they receive a very small amount of bad reviews and yes they have only been around since 2008 but we can’t ignore the fact that these reviews could be directed towards independent agents and not NMB.

Considering the best aspects and the worst aspects, I would give NMB a 3/5.

Date Established:
2008 (I think). From the looks of it, NMB Inc. was registered in Florida in 2008.

Parent/Partner Company:
Alright, you ready for this? Here it goes…

  • www.sunvirtual.com
  • www.nationalmerchantbancard.com
  • www.a1-merchant-accounts.com
  • www.nmbancard.com
  • www.free-merchant-accounts.com
  • www.accepting-credit-cards.net
  • www.merchant-accounts.cc
  • www.ecommercemerchantaccounts.com
  • www.value-merchant.com
  • www.acceptcreditcardsinc.com
  • www.995merchantaccounts.com
  • www.free-merchant.com
  • www.h20merchant.com
  • www.1800merchantaccount.com
  • www.cardserviceunion.com (Now a First Data Company)
  • www.merchantlane.com (Now a First Data Company)
  • www.poolmanprocessing.com
  • www.acceptcreditcardsinc.com

All of the above domains are either current affiliates or were previously affiliated with National Merchant Bancard. So, when you’re doing your research, keep that in mind.

Type:
Registered MSP/ISO of HSBC Bank USA, National Association, Buffalo, NY.

Trust Symbols:
Unfortunately for them, they don’t have any trust symbols associated with their brand.

You can find their business license here.

Security/Privacy:
No third-party security features (i.e. McAfee, Verisign etc…) on the National Merchant Bancard site.

Customer Service:
I sent them an email in regards to their contract terms and cancellation fee. They did respond within a day or so, and their responses to both contract terms and seasonality are written below.

Contract Duration:
6-month initial contract, then month-to-month.

Seasonal Downtime:
NMB does not offer seasonal downtime.

Negative Reviews:
Couldn’t really find anything on them, except for this thread at Scam.com but that could be because they’re a newer company. I’ll keep my eyes peeled though.

Common Complaints:
None as of this review.

Verifiable Testimonials/References:
I couldn’t find any testimonials on the NMB site.

Locality:
Sunrise, Florida.

Product Offering:
Retail, Gift Cards & Loyalty, Check Processing, e-Commerce, Mail/Telephone, Cash Advance.

Specialty:
None in particular.

 

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One Comment

  1. Customer Service so bad, my friend told me that about 2 weeks ago, he sent a requirement about increasing his merchant limit from $5000 to $8000 per month but till now haven’t got respond from NMB, he said he also called their hotline to press, NMB answer “WAIT”. My friend told me in upset that he lost $200 per week in waiting like this.

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