Meramak Bankcard Review

Merchant Maverick's Rating: (4 out of 5)

Last Updated: April 11th, 2010.

Overview:
Meramak Bankcard has been in business for over a decade, yet they still have a very clean online reputation. I couldn't find any negative reviews or complaints about them anywhere. Then again, they don't have a BBB profile, so that eliminates one source of user opinion. Nonetheless, Meramak looks like a great company. They could have easily scored higher if only they had a few other things right.

For example, they don't have any testimonials listed on their site. Testimonials can give merchant account providers social proof of value, and if they're verifiable, testimonials will also give us merchants the ability to communicate directly with other people that have used Meramak's services.

I do like that they have a Facebook page, but it seems pretty dormant right now. If they were to add a blog, and fill it with helpful information for us, that would be even better. In my opinion, an educated merchant, is a much better prospect for any merchant account provider...win-win.

I'm not too happy about the cancellation fee (see below), but most of these companies are willing to negotiate, so don't be shy.

Meramak Bankcard gets a 4 out of 5 for now.

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Date Established:
1992.

Location:
Hamilton, New Jersey.

Domain Name(s):

• www.meracard.com.
• www.meramakmbs.com.
• www.meramaklouisiana.com.
• www.merasales.com.

Parent/Partner Company:
Doesn't look like Meramak Bankcard is a subsidiary of any other company.

Type:
Registered ISO/MSP.

Acquiring Bank(s) (Acquirer):
First National Bank and Merrick Bank.

Payment Processor(s):
Chase Paymentech, Global Payments or TSYS (Vital).

Payment Gateway(s):
Can integrate you with any payment gateway, but usually use Authorize.Net or eProcessingNetwork.

Do you need help setting up your payment gateway with your website? See my Payment Gateway Integration Services page.

Trust Symbols:
I couldn't find a BBB profile for Meramak Bankcard. If you do a search for Meramak, you will find a profile for "Meramak, Inc.", but that's a different company based out of California, not New Jersey.

Negative Reviews:
None found.

Common Complaints:
None.

Verifiable Testimonials/References:
No testimonials found on the Meramak site.

Security/Privacy:
Doesn't look like the Meramak application is secured, but it's more of an initial contact form rather than a full digital application.

Customer Service:
Have you worked with Meramak Bankcard? Feel free to leave us your review.

Contract Duration:
1-year/3-years. The cancellation fee depends on how long of a contract you sign with them (see below).

Cancellation Fee:
$595/$295.

Interchange-Plus Pricing:
Interchange-plus is offered by Meramak.

Seasonal Downtime:
Seasonal downtime is also offered by Meramak Bankcard.

Product/Service Offering:
Retail (Credit/Debit), Point-Of-Sale (POS), Terminals, Internet (e-Commerce), Virtual Terminal, Medical Billing Gateway, Cash Advance, Mobile/Wireless, Gift & Loyalty, EBT, eCheck Processing, ACH, ATM, Mail Order/Telephone Order (MOTO).

Product/Service Specialty:
Internet and retail SMBs (Small and Medium-Sized Businesses).

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