American Merchant Brokers Review

American Merchant Brokers is a payment processing service provider. It has worked with standard-risk and high-risk merchants. It claims to be an excellent alternative to PayPal, the most popular payment processor globally. The company will allow you to process payments almost without restrictions.

The company can help businesses streamline their payment processing. They consider themselves experts in the field and have vast experience working with many industries. American Merchant Brokers works with brick-and-mortar stores, e-commerce, and dispensaries.

 

So far, here are the businesses that American Merchant Brokers has worked with:

  • E-commerce.
  • The large national enterprise level.
  • “Mom and pop”.
  • Startups.

American Merchant Brokers Merchant Services

Credit Card Payment Processing

Can a business survive without credit card processing? American Merchant Brokers provides a means for merchants to process card payments. It also accepts major cards so that you won’t miss out on anything.

High-risk Payment Processor

American Merchant Brokers made its name in processing payments for high-risk industries. So far, it has worked with the following:

  • Kratom.
  • CBD-Hemp.
  • CBD.
  • Clover.
  • MMJ.
  • Guns.

Mobile Payments

If you want to accept card payments anytime and anywhere, you need to subscribe to American Merchant Brokers’ mobile wireless payment systems. It can provide the best wireless payment platform that allows you to accept card payments in outdoor venues, exhibits, and the like. The system is perfect for food delivery services and other businesses where the merchants are on the field.

image of american merchant brokers mobile payments

American Merchant Brokers Fees, Rates & Pricing

Processing Fees

American Merchant Brokers publishes a full chart to show Visa’s and Mastercard’s fees, American Merchant Brokers’ margin, and the actual rate for a particular transaction. The average transaction rate for all processes is 1.80% + 8 cents.

The company imposes a 0.180% margin on all transactions, regardless of Visa’s and Mastercard’s fees. These transactions include Swipe CPS, Swipe CPS Regulated, Swipe Business, Swipe Rewards Traditional, Swipe Rewards Signature, and Swipe Corporate, among others, for both Visa and Mastercard.

Additional Fees

There is no information about American Merchant Brokers’ additional fees.

Hidden Charges

There is also no information if American Merchant Brokers has hidden fees. Its website said that it has none.

 

American Merchant Brokers Complaints

There are a lot of complaints about American Merchant Brokers based on customer reviews. Most of them are complaining about the sales calls that the company makes. The customers said these agents would usually ask them for personal and financial information. Some customers accused American Merchant Brokers of selling the information to cybercriminals.

Rip-Off Reports

There are no rip-off reports about American Merchant Brokers.

Other Complaints

There are no other complaints about American Merchant Brokers.

 

American Merchant Brokers BBB Rating

image of american merchant brokers bbb reviews

American Merchant Brokers is listed on the Better Business Bureau (BBB) website. However, it is not accredited by the bureau. It has an NR rating, which stands for “no rating.” There are zero reviews and complaints about the company on the site.

The BBB rates companies, including payment processors, in the United States, Canada, and Mexico. The highest rating is A+ while the lowest is F.

BBB Reviews

American Merchant Brokers does not have BBB reviews.

 

Is American Merchant Brokers Legitimate?

American Merchant Brokers looks like a legitimate company. It has 36 followers on Facebook, although the page hasn’t been updated for almost a year. There are only two reviews on the social media page. The company has profiles on other business networking sites, but none on LinkedIn.

ScamAdviser gave the American Merchant Brokers’ website an average trust score of 90/100. The two positive highlights are the valid SSL certificate and the site’s age. On the other hand, ScamAdviser said that the negative highlights include not being able to analyze the contents of the website and the low number of site visitors.

Scams

There are no scam reports about American Merchant Brokers. In fact, ScamAdviser said it is safe to browse the website. However, it should be noted that there are several complaints about the company. Some customers border on calling the company a scam.

Lawsuits

There are no formal lawsuits filed against American Merchant Brokers.

 

American Merchant Brokers Customer Reviews

image of american merchant brokers customer reviews

American Merchant Brokers has a positive review on Facebook, though the rating is only based on two reviews. The customer said that the company saved his company from monthly fees and transaction fees. He raved about the company’s e-commerce, mobile card reader, and terminal services.

On Google, the company has a 3.6/5 rating based on nine reviews. Several customers lauded the excellent service by the company. They said that American Merchant Brokers helped them achieve their business goals. Also, they talked positively about the company’s customer service.

However, someone also accused the company of having the owner’s wife talk positively about it in the reviews. Another one said that he never received his commission from the company even after asking for it for a year.

 

Conclusion

There is conflicting information about American Merchant Brokers. While there are a lot of negative reviews about it, there are also some upsides to the company. For one, it has a transparent pricing scheme. This ensures that you know what you are getting into when you sign up for an account. If you are interested in American Merchant Brokers, the best thing to do is ask for a quotation and read the fine print.

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