Comments on: National Merchant Bancard Review

By: Derreck

Derreck — Sun, 26 Jun 2011 23:00:41 +0000

The same situation happened to me and I switched to [name removed]. The down side is their transaction limits. I'm checking out NMB too so I can see about upping transaction limits.

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By: mo

mo — Fri, 21 Jan 2011 02:58:51 +0000

Luna, As indicated above, sunvirtual.com is an alter ego for NMB.

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By: Enrique Noriega

Enrique Noriega — Fri, 15 Oct 2010 17:12:07 +0000

Been aware of what the National Merchant Bank Card, advertises; you can call their CSR 1-877-891-8409 and ask about what they offer; I found out that the terminal is free the one you plug on the wall, but the wireless terminal cost $799., acquring the termials (both of them) requires a 3 year contract with a $15 monthly fee, discount rate 1.99 %, and a 0.25 per transaction. I think is a normal the ammount they are asking, i been shopping around for a wireless terminal and they do require a ll of the charges mention above and also the time commitmen: 3 years contract; that goes for anyone tryng to get terminals, wireless or not. I think they will have to advertise this information as well.

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By: Scott Gordon

Scott Gordon — Mon, 13 Sep 2010 22:14:31 +0000

“PayPal alternative” National Merchant Bancard uses http://www.merchantinc.com/rates as a website to “switch” prospective customers from using PayPal to using their On-line Credit Card processing service. The website does not tell you about the fees that they are going to charge monthly. After responding to an e-mail and giving them my personal and bank account details, National Merchant Bancard began charging my bank account without my authorization (they claim these charges are in the fine print of the agreement they offer). They have apparently set it up so that the account you gave them because you think they intended to deposit your credit card transactions there, is also available to them to take a direct debit for their undisclosed or at best, barely disclosed monthly fees – whether you end up using the service or not. Office Manager [name removed] assured me I would be refunded my fees if I signed a statement. I did so and was assured that all was taken care of and to contact “Corporate” at a 1-800 number for any further questions, but after that on the first week of September 2010 I was charged $19.95 and still no refund for the previous charges had ever appeared. When I called “Corporate” (I assume is National Bancard Central) I was asked to read out the bank statement charges – going through the entire process again – and this time the attendant told me that these charges were for starting up my account so what was the problem? – I asked her why my credit union account continued to be debited after she admitted my account had been “cancelled” and she proceeded to explain that my account had been “restructured” – I began losing my patience at this point because I recognized this as a clever re-defining of terms calculated to further confuse, if not defraud me. Although I did raise the volume of my voice and emphatically asserted that I had never intended to “restructure” my account, she accused me of “screaming” and used this as a justification to explain without letting me continue in any way, that she was transferring me to an agent who would help me. I was actually routed to the back of the general call line and have been on hold for almost an hour, so I doubt that she was telling me the truth about getting me an agent who could help. I am afraid that after several polite attempts to straighten this out, that I am dealing with a fraud and a scam and so I am going to continue sounding the warning.

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By: Randy

Randy — Wed, 05 May 2010 04:04:48 +0000

Call PayPal and tell them to turn Auto-Sweep on it will transfer your money to your bank account automatically.

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By: Perry

Perry — Thu, 04 Mar 2010 23:13:56 +0000

Perry,

After reading some of these storys, Im freaking out. I applied for an account at http://www.Imaxapp.com/mpa8882.aspx?ref=8882&promo=rjsfreemerchantapplication and have not heard anything from them yet,e-mail wise or phone. Look, Im broke to the max, lost my job to the recession and am trying to start an online business to make some money to pay down my student loans and credit card bills. Just trying to make a living and then someone trys to screw you out of your Identity and money. I gave them my personal info. which is what you have to inorder to apply for an account or credit card anywhere. Now Im worried they or whoever it is that is scaming may use my Personal info. for identitiy theft. Like the one person said, he googled this company and looked them up at the BBB and couldn’t find nothing so, What gives???
Any advice ?? please let me know

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By: The Merchant Maverick

The Merchant Maverick — Thu, 11 Feb 2010 07:26:44 +0000

Luna, Rates are going to vary. My advice is to narrow your search down to a few reputable companies, then ask for quotes.

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By: Luna

Luna — Thu, 11 Feb 2010 02:08:21 +0000

I'm very currious about this service, as I just opened a business and absolutely can not afford what i'm paying. how are the rates with say, sunvirtual.com? are than Evalon or other processors?

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By: Just Wondering

Just Wondering — Thu, 28 Jan 2010 01:31:58 +0000

sorry I meant am considering asking them to HANDLE my money, not FOR.

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By: Just Wondering

Just Wondering — Thu, 28 Jan 2010 01:31:03 +0000

I too am considering asking this company for some money. My main purpose is because I have seen SEVERAL prominent sellers on eBay saying they don't accept PayPal and they have a link in their auctions that says WHY they don't. The link redirects you to a site that is ANTI PayPal and tells of PayPal horror stories. Now I can believe PayPal is somewhat shady because I had someone advertise rosetta stone software on ebay and I purchased it thru ebay and used PayPal. The person ended up sending me a COUNTERFEIT CD that did not even work. PayPal would NOT refund the charges, even though I follow their guide lines to a T, and the only reason they gave us that no matter what I RECEIVED the item. If it's delivered they will not refund the charges. Well WaMu decided I was scammed and they refunded my money. That ofcourse was taken back from PayPal and that put my account into -$230 since I don't carry money in my paypal account. They tried collecting the money from me and since I wouldn't pay they closed out my account. They sent me to collections and I was able to stop the collections with a letter from my bank. I now have paypal as my Merchant Service Provider and my company generates $17,000+/month in sales and every day I am freaked PayPal will screw us over. So everyday I transfer the money out of PayPal and into my business checking account. So If anyone knows is NMB is legit or not I would love to know. The sooner I leave PayPal the better.

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