Banc Certified Merchant Services Review

An Elavon Reseller

As an ISO of Elavon and other providers, BCMS has the freedom to modify the contract terms of its processors to a certain extent. As a point of reference, a typical Elavon contract offers a swipe rate of 2.65% + $0.19 an a keyed-in rate of 3.50% + $0.19. That contract usually includes a PCI compliance fee ranging from $29 to $59 per month as well as a $10 monthly fee.

According to a BCMS representative, the company’s current standard contract is a month-to-month agreement with no early termination fee (ETF) unlike Elavon. BCMS sometimes offers different contract terms depending on the circumstances under which the account was signed.

BCMS also partners with Talech for POS solutions. Talech offers 3 tiers of plans to its merchants, its Starter, Standard, and Premium plans. The Starter Plan costs $528 per year or $49 per month. The Standard Plan costs $744 a year or $69 month for a merchant’s first POS system and $420 per year or $39 per month for each additional device. Lastly, the Premium Plan costs $1,068 per year or $44 per month for the first POS system and $528 per year or $49 per month for additional devices. Talech markets the Starter Plan to cafes or basic retail outfits, the Standard Plan to casual and medium-sized retail merchants, and the Premium Plan to full-service restaurants, multi-location retails, salons, and spas.

Virtual Terminal and Payment Gateway Pricing

In addition to its storefront payment processing services, Banc Certified Merchant Services also dedicates a portion of its website that advertises its virtual terminal and payment gateway services. However, pricing on either of those services is not disclosed. Additional rates and fees, including gateway fees, technical support fees, batch fees, and additional transaction rates typically apply to these e-commerce services.

BCMS Contract Pricing Complaints

The terms cited in online complaints suggest that the former terms of Banc Certified’s contract included an early termination fee ranging from $195 to $295 and a monthly statement fee of $5-$10, but our understanding is that any new merchants boarded with the company will receive the month-to-month contract. Because the company hires independent sales agents, it is possible that specific pricing may vary depending on the agent setting up the account. Merchants are also advised to bear in mind that many of these terms are often negotiable (see: Fee Sweep).