North American Bancard Complaint - It's True - These Guys Are The Absolute Worst - Beware!!!!!
OAKLAND, CALIFORNIA -- All of the many complaints you read are true. These guys are a bunch of crooks. It is unbelievable that the government has not stepped in to stop these guys from BLATANTLY RIPPING OFF THEIR CUSTOMERS!!! They use deceptive marketing techniques, they lie and much worse. BEWARE!!! Read the fine print!! If you sign on with them, you will possibly (inadvertently)commit to a minimum 36 month contract which they will not mention to you, they will offer better rates then you are presently getting, but they will structure those rates so you are getting them on the least typical type of transaction, resulting in you getting dinged big time for your typical transactions.
They have a cancellation fee which they probably won't tell you about and if you read the contract it will appear to be $299. However, it also says that you will be responsible for the monthly fees for the balance of your contract. In our case we had 30 months left at $30 per month, for a total of $900. Fortunately, our new processor found a way to cover those costs. Let's face it, for the the most part, the credit card processing business is cutthroat and dog-eat-dog at best.
It helps to know who you are dealing with, but no matter what, DON'T DO BUSINESS WITH NORTH AMERICAN BANCARD, they are the worst of the worst.