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Banc Certified Merchant Services Review

Overview

Banc Certified Merchant Services (banccertified.com), founded in 1996, is an online merchant account provider focusing on web-based credit card processing platforms for small to mid-sized businesses. Banc Certified is a reseller of Elavon contracts, although documents can be found online that also link the company to Sage Payment Solutions. Banc Certified Merchant Services prominently markets a service offered by a separate company called CardX (cardx.com) that advertises the ability for merchants to effectively pay 0% on credit card processing fees by adding surcharges to customers’ transactions. The CEO of Banc Certified Merchant Services is an investor in CardX and shares a last name with CardX’s CEO. Banc Certified Merchant Services is located at 5006 Cemetery Rd, Hilliard, Ohio 43026-1640 and is a registered MSP/ISO of Elavon, Inc., Georgia. Ali Razi is listed as the founder and CEO of Banc Certified Merchant Services.

Key Points

  • Sales & Marketing: Banc Certified Merchant Services appears to hire independently contracted agents but has received only one complaint about its sales team.
  • Costs & Contract: Banc Certified Merchant Services typically offers a month-to-month contract through Elavon with interchange-plus pricing.
  • Complaints & Service: Banc Certified Merchant Services has received fewer than 10 public complaints.
  • BBB Rating: Banc Certified Merchant Services has an “A+” rating with the Better Business Bureau and has received zero complaints in the past three years.
  • Rates & Fees: How Merchants Got The Best Rates With Banc Certified Merchant Services

Banc Certified Merchant Services Products and Services

  • Debit and credit card processing
  • ACH processing
  • Gift and loyalty programs
  • Online invoicing
  • Online payment gateway
  • POS equipment

Industries

  • Retail
  • Mobile
  • E-commerce
  • Restaurant
  • B2B
  • Higher education

Response from Banc Certified Merchant Services

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Sales & Marketing

Key Points - Sales & Marketing

Employs Independent Resellers Yes
Advertises Deceptive Rates No
Discloses All Important Terms No

Banc Certified appears to hire independent sales agents and use telemarketing to market its services. The use of independent sales agents is a common industry practice that unfortunately can result in an unregulated, untrained sales team. We were able to locate a few Banc Certified reviews that mentioned misrepresentation by sales agents, but there does not appear to be an overall pattern of nondisclosure by the company’s sales team.

The company’s website offers a page explaining interchange fees and touting its “cost-plus” pricing structure, which is described as “the basic interchange rate plus a few basis points to cover our services.” At first glance, it is unclear whether BCMS is referring to Interchange-plus pricing, which is the most transparent pricing plan available. According to a company representative, BCMS provides both tiered and Interchange-plus pricing to merchants, but the company strongly prefers to offer Interchange-plus whenever merchants are comfortable with it. We would encourage merchants to request Interchange-plus pricing through Banc Certified Merchant Services in order to receive the most transparent pricing model.

Response from Banc Certified Merchant Services

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Costs & Contract

Key Points - Costs & Contract

Swiped Rate Variable
Keyed-in Rate Variable
Early Termination Fee None
PCI Compliance Fee Variable
Equipment Lease Terms Variable

As an ISO of Elavon and other providers, BCMS has the freedom to modify the contract terms of its processors to a certain extent. According to a BCMS representative, the company’s current standard contract is a month-to-month agreement with no early termination fee (ETF), but BCMS sometimes offers different contract terms depending on the circumstances under which the account was signed. The terms cited in several 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.

Response from Banc Certified Merchant Services

Are you with BCMS? Add your own voice here!

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Complaints & Service

Key Points - Complaints & Service

Total Online Complaints <10
Live Customer Support Yes
Most Common Complaint N/A

We are able to locate only one Banc Certified Merchant Services review on other non-BBB consumer protection websites, and the comment section of this review has received one complaint since its initial publication. The merchant in this case complained of poor customer service and misrepresentation of rates by a sales agent. The other complaint we found mentioned irritation with the company’s sales calls. Because Banc Certified Merchant Services is partnered with Elavon, it is possible that many Banc Certified complaints get funneled to Elavon’s online profiles. However, we’ve found no evidence to suggest that this is occurring. BCMS offers a dedicated phone line and an email form for merchants on its website.

Response from Banc Certified Merchant Services

Are you with BCMS? Add your own voice here!

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BBB

Key Points - BBB

Product & Service Complaints 0
Billing & Collection Complaints 0
Advertising & Sales Complaints 0
Guarantee & Warranty Complaints 0
Delivery Complaints 0

Banc Certified Merchant Services maintains an “A+” rating with the Better Business Bureau as of this update and has been BBB accredited since 2002. Zero complaints have been filed against the company’s profile. Because of the company’s affiliation with Elavon, it is possible that some complaints about Banc Certified may have been improperly diverted to Elavon’s BBB profile. However, we have seen no evidence of this. Given the company’s complaint rate and resolution ratio, we agree with the BBB’s rating at this time.

Response from Banc Certified Merchant Services

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Banc Certified Merchant Services Logo

Banc Certified Merchant Services Bottom Line

Banc Certified Merchant Services rates as a reliable merchant services provider by our standards. The company has a low complaint rate for its size and time in business, and its current contract terms are more favorable than industry averages. Even when dealing with highly rated providers, merchants are advised to read their contracts carefully.

Hi, I’m Phillip Parker and I believe that the merchant account industry has been overrun by people who engage in fraud and deception in order to steal from hard working business owners. I created this website to help you avoid the bad players, save money on fees, and get peace of mind with your merchant account. If you would like to help support my work, check out my cost analysis service. I can evaluate your statement and tell you exactly how much you're overpaying for your merchant account. Get more information here.

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2 Reviews Leave Your Review for Banc Certified Merchant Services Below

  1. I am owner of SemBro Outlet and sign up with BCMS about 3-4 month ago. We had several trouble with processing, some fees was not explained, and when spoken with representative – two times they gave us wrong answer. We are on the line right now, thinking to switch to different merchant service.

    1. Leo,
      I am not an employee of BCMS nor am I authorized to speak on their behalf.

      Speaking as a veteran ISO in this industry, I noticed that you’ve only been with BCMS 3 to4 . Honestly, your account is still within the “ramp-up” window. This means, there are probably integrated services such as online invoicing, ecommerce and other services that a processor may not get perfect to your liking until the 3rd or 4th invoice.

      The bottom line is, you may have wasted your time looking for a different processor. BCMS has been around for decades and has a solid reputation. Based on their website they “white label” the services of Elavon, Sage and several other big boys. Service doesn’t get any better than what BCMS brings to the table.

      Good luck.

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