Processor Directory > Maverick BankCard, Inc.

Maverick BankCard, Inc. Review

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Maverick BankCard Inc. is a payment processor that offers standard services and can help with both high risk accounts and international needs. Maverick works with businesses of all sizes and boasts a 98% approval rate for new applications. The company has been doing business since 2000 and claims to have served more than 80,000 clients. In this Maverick BankCard review and profile, we discuss the services available to you and look at what its reputation suggests about being a client.
About this processor:

VERIFIED REVIEWS

SPECIALIZES IN B-TO-B

DEDICATED CARDFELLOW REP

ACCEPTS HIGH RISK

HIPPA COMPLIANT

QUICKBOOKS PLUGIN

Processor(s)

 

First Data, TSYS

Acquiring Bank(s)

 

Mission Valley Bank


What services does Maverick BankCard offer?

Whether your transactions are tied to your point of sale, taken on-the-go, received by mail or phone order, or done online, Maverick BankCard can process them for you. Maverick offers payment card processing, check processing, gift cards and loyalty cards, payment gateway and virtual terminal, and business funding.

Payment Card Processing

With Maverick, you can accept major credit cards, including Visa, MasterCard, Discover, American Express, JCB, and Diners’ Club. You can also process debit cards, and EBT. Cards can be processed in a variety of ways, including in person with point-of-sale equipment, unmanned with a kiosk, online through a website with a payment gateway, or via mail or phone using the virtual terminal option. Maverick also has options for setting up recurring and scheduled billing.

Check Processing

Checks are still a widely used method of payment, though means of accepting them have evolved. Maverick offers the ability to process electronic checks (checks that have been passed through a check reader or scanner) and ACH payments. With Maverick’s account authentication, the company offers real-time validation and authorization to reduce the risk of bad checks.

Gift Cards and Loyalty Cards

Both gift cards and loyalty cards are offered through Maverick Bankcard. While they differ in use, both options can serve to promote your brand, track spending patterns, and even measure the success of the programs themselves.

Gift Cards
Gift cards, a more modern and easily tracked form of paper gift certificates, can help expand the influence of your business and encourage spending for a variety of occasions and holidays.  Gift cards work with a variety of point-of-sale terminals, debiting payment directly from the balance available on the card.

Loyalty Cards
With a loyalty card, your customer earns points or rewards based on each transaction with you. This can encourage repeated business and customer satisfaction.

Payment Gateway and Virtual Terminal

If you accept payments online, by phone, or by mail order, Maverick offers payment gateways for business websites, and virtual terminals for entering phone and mail payments. API integrations are available to connect your website and checkout page to Maverick for real-time transaction processing. The virtual terminal only requires a computer with an internet connection and browser to manually enter and complete transactions, making it ideal for phone and mail orders.

Business Funding

If you are looking for working capital to support your business, Maverick offers a variety of business loans, cash advances, and hybrids of the two. Generally cash advances can be expensive endeavors, so definitely explore your options when making your decision.

What are the options for equipment and software?

Maverick offers the ability to buy point-of-sale equipment at wholesale prices. Equipment can be purchased directly and includes credit card terminals and readers, PIN pads, point of sale systems and more. Maverick claims it can support most point of sale systems with its back-end platform, but you should check to make sure yours is supported.

Maverick is partnered with many software companies and says it can provide you with tools for reporting and business analytics.

Are there any security benefits?

Maverick is PCI compliant, and all Maverick gateways meet PCI DSS regulations for the safety of businesses and customers. Additionally, you can benefit from Maverick’s fraud prevention tools, including Address Verification Services, Card Code Verification, Verified by Visa, and MasterCard SecureCode.

Maverick BankCard Rates and Fees

Maverick doesn’t publish pricing because it will vary by business. Pricing for high-risk businesses in particular is contingent on a number of factors. Some fees that may apply include the transaction fee, PIN debit fee, AVS fee, statement fee, and internet gateway fee.

If you want to know how much Maverick BankCard’s services would cost your business, request a quote through CardFellow. Our free service will allow you to see fully disclosed pricing from Maverick BankCard and compare it with other processors. Sign up here!

Maverick BankCard Reviews

Maverick BankCard does not currently have a rating or profile with the Better Business Bureau, and it is unknown if Maverick BankCard has sought accreditation.

Searching elsewhere, we find there are only 4 complaints listed on Ripoff Report for Maverick BankCard. Reviews complain of difficulty getting funds released, having accounts frozen, rude customer service, and deceptive practices. However, countering those complaints, are 2 positive reviews on Yelp. The reviews recommend Maverick for its helpful customer service that goes beyond just getting a client signed up. They also mention saving money on processing fees, free terminals, and next day funding.

The reviews on Google lean more positive than negative, with 3 out of 4 claiming good experiences. 2 of them were specifically praising the company for helping them save money even though they are considered high risk businesses. The negative experience review claimed to have lost thousands of dollars by working with the company; Maverick refuted the remark by saying that he was not a legitimate client and had never been listed in the company’s system.

The pendulum of opinion is definitely swinging both ways on Maverick BankCard, and, if the claim of serving over 80,000 businesses is true, our sample size is small. Do you have an experience working with Maverick? We’d love to hear it! Leave a review!

SATISFACTION
RATES & FEES
CUSTOMER SERVICE
0/5

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SATISFACTION
RATES & FEES
CUSTOMER SERVICE
3/5

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Posted by CardFellow on Apr 25, 2018

SATISFACTION
RATES & FEES
CUSTOMER SERVICE
3/5

Maverick Bankcard can support high-risk businesses, so most companies will be able to secure an account for credit card processing.

Maverick BankCard, Inc.
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