Wholesale Banc Overview

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A Provider With Many Names

First activated in late 2015, Wholesale Banc is a merchant account provider based in Texas and Illinois that is currently operated by former executives of Datalink Bankcard Services. Wholesale Banc also appears to operate under the names Challas Group (challasgroup.com) and Bankcard Analytics, although the three brands might be used interchangeably. Wholesale Banc appears to be used as an alternate name for Challas Group more often than vice-versa, but the two companies have almost identical websites and physical locations. Most of Wholesale Banc’s employees appear to have departed Datalink Bankcard in June or July 2014, which is about a year before the Wholesale Banc website first appeared. An incomplete list of these employees, as well as their current and former positions, can be found below:

  • Walter Ranstrom – Chief Operations Officer at Challas Group (former director of sales at Datalink)
  • Garry Garmash – President at Challas Group (former vice president of Datalink)
  • Daniel Avalos – Chief Technology Officer at Challas Group (former help desk tech at Datalink)
  • Ryan Miller – Director of Recruiting at Challas Group (former corporate recruiter for Main Street Processing and Datalink)
  • Jennifer Marcano – Escalated Audits Manager at Challas Group (former national account manager at Datalink)

Wholesale Banc Ownership

Dmitry Faybysh has been the CEO and founder of Bankcard Analytics since mid-2014, but we are unable to verify whether he was connected to Datalink Bankcard Services prior to 2014. We are also unable to determine at this time whether Wholesale Banc is actively affiliated with other Datalink Bankcard Services DBAs such as Tier 1 Processing and Main Street Processing, but there is strong reason to believe that it operates in a similar fashion to these poorly rated providers on CPO.

Wholesale Banc Location

Challas Group and Wholesale Banc are registered ISOs of Wells Fargo Bank, N.A., Concord, California. Challas Group, Wholesale Banc, and Bankcard Analytics have headquarters located at 2720 Dundee Rd. Ste 200, Northbrook, Illinois 60062, and 1251 S. Sherman St. Ste 101, Richardson, Texas 75081. It should be noted that the Richardson, Texas address is not far from Datalink Bankcard’s headquarters at 3505 Token Dr, Richardson, Texas 75082.

Wholesale Banc Review Table of Contents

  • Costs & Contract: Wholesale Banc appears to offer a multi-year contract with an associated long-term equipment lease for most accounts.
  • Complaints & Service: Wholesale Banc has received more than 30 public complaints.
  • BBB Rating: Wholesale Banc has multiple profiles with the Better Business Bureau and has received 0 complaints in the past 3 years.
  • Sales & Marketing: Wholesale Banc hires independent sales representatives and has received more than 20 complaints about its sales practices.
  • Rates & Fees: How Merchants Got The Best Rates With Wholesale Banc
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Products & Services Offered

Types of Businesses Served

  • Retail
  • E-commerce
  • MOTO

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Wholesale Banc Rates, Fees, and Costs

Key Points

Swiped Rate 1.00% - 4.99%
Keyed-in Rate 1.00% - 4.99%
Early Termination Fee $500
Equipment Lease Cost $95+ Per Month
Equipment Lease Terms 48 Month (locked)

Program Fee Pricing

Wholesale Banc does not disclose its contract terms or pricing on any of its websites, but we can determine some details from merchant complaints. Merchants state that Wholesale Banc promotes a rate “program” that guarantees rock-bottom rates on transactions in exchange for merchants signing a long-term equipment lease well in excess of the purchase price of the equipment. This pricing scheme is popular among providers that engage in slamming because it enables them to entice merchants with huge savings on rates without explaining that merchants will massively overpay for processing equipment. In addition, this plan often does not clearly explain to merchants that only debit transactions will qualify for the extremely low rates, while credit card transactions will process at a much higher rate.

Long-Term Equipment Leases

We have seen a few complaints from Wholesale Banc merchants who state that their overall costs were higher after switching to Wholesale Banc than they were through their previous provider. Some complaints mention that Wholesale Banc signed them up for terminal leases through Northern Leasing Systems, which is notorious for providing expensive, non-cancellable, four-year equipment leases.

Not Competitively Priced

While we do not have specific contractual language for Wholesale Banc contracts besides an early termination fee of $500, it appears that the company’s pricing is nowhere near the competitive rates offered by the cheapest merchant accounts. Moreover, the methods that Wholesale Banc uses to sell these contracts to merchants fall short of what we consider appropriate disclosure, so we do not advise any merchants to sign a contract with Wholesale Banc at this time. If you have any knowledge of the company’s contract terms (including any early termination fees or PCI compliance fees), please share it in the comment section below this review.

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Response from Wholesale Banc

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Wholesale Banc Complaints & Customer Reviews

Key Points

Total Online Complaints 30+
Live Customer Support Yes
Live Customer Support Sales Tactics

Moderate Complaint Total

We are currently able to locate more than 30 negative Wholesale Banc reviews, many of which outright accuse the company of being a ripoff or a scam. Some reviews also mention Challas Group, although hardly any of them mention Bankcard Analytics. Nearly all complaints are sales related, as they describe unwanted phone calls, misrepresented fees, slamming, nondisclosure of contract terms, and aggressive or unprofessional conduct. Some complaints also mention poor customer service and unsavory contract terms, and still, others have been posted by employees who describe an unethical office environment. These complaints are consistent with complaints that we have found for Datalink Bankcard and its related businesses, and we see no evidence to suggest that merchants can expect a quality customer service experience from Wholesale Banc.

Wholesale Banc Lawsuits

We have not found any outstanding class-action lawsuits or FTC complaints filed against Wholesale Banc. Dissatisfied merchants who wish to pursue a non-litigious course of action against the company should consider reporting it to the relevant supervisory organizations.

Wholesale Banc Customer Support Options

Wholesale Banc provides an email address and phone number on its website, but these appear to be channels devoted primarily to sales inquiries rather than customer support. This falls well short of the level of service offered by top-rated payment processors for great customer service.

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Response from Wholesale Banc

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Wholesale Banc BBB Rating Summary

Key Points - BBB

Product & Service Complaints 1
Billing & Collection Complaints 3
Advertising & Sales Complaints 9
Guarantee & Warranty Complaints 0
Delivery Complaints 1

Note: We have adjusted this company’s BBB rating according to our own standards. To better understand why we adjust BBB ratings, please see our Rating Criteria.

Multiple BBB Profiles

The Better Business Bureau currently maintains one profile for Wholesale Banc and 2 separate profiles for Challas Group. Challas Group Illinois has an “A+” rating with the BBB, Challas Group Texas has a “B” rating with the BBB, and Wholesale Banc has no rating. For the sake of simplicity, we have combined complaint totals across all of the company’s BBB profiles.

0 Complaints

Wholesale Banc has received 0 total complaints through the BBB over the last 36 months. However, at the time of a previous review, the company had 14 complaints. 9 were related to advertising or sales issues, 3 having to do with billing or collection, 1 due to a product or service problem, and 1 related to delivery. 4 complaints were resolved to the satisfaction of the merchant, while 10 either were resolved to the dissatisfaction of the merchant or did not receive a final response from the merchant.

What Merchants Say

Though Wholesale Banc has no current reviews it had received 22 negative informal reviews through the BBB at the time of our last review in June of 2019. Then the most recent review described a textbook slamming scam:

CHALLAS GROUP is a SCAM! They asked for faxed copy a NCMIC statement (who is our CC processing company). They told us to place a corrective code on the first page in order to take off a compliance fee we were being wrongfully charged for. I asked if they were from NCMIC and she said they were part of their corporate office, which isn’t true. Please be aware before before submitting your information. It switches your CC processing company!!!

Slamming is an unsavory tactic used to lure merchants into agreements under false pretenses. Merchants should consider reporting any scams to the relevant supervisory organizations.

A “C” Performance

Given the company’s previous complaint total and the claims of deceptive, if not fraudulent, sales practices in previous reviews, we have adjusted the BBB’s rating to a “C” at this time.

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Response from Wholesale Banc

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Truth In Marketing & Advertising

Key Points

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

Independent Sales Team

Wholesale Banc primarily markets its merchant services through a combination of telemarketing and independently contracted sales agents. This sales approach is also used by Datalink Bankcard Services, Tier 1 Processing, and Main Street Processing, and it tends to generate a high number of merchant complaints. Wholesale Banc is no exception, as we have found more than 20 Wholesale Banc complaints that describe unwanted phone calls, nondisclosure of fees, a negative work environment for agents, misrepresentation of rates, unprofessional conduct, and, most alarmingly, “slamming.”

Slamming Allegations

“Slamming” is the practice of calling merchants and posing as their current processor in order to trick them into signing a contract or equipment lease with your company. A representative complaint filed against Wholesale Banc is detailed here:

They called to say they are a 3rd party auditing firm and saw a red flag on my merchant service account. They tricked one of my employees into sending them one of our statements. Challas ( calling themselves Wholesale Bank) said I was being overcharged and they were going to call my current provider to tell them they are in trouble for over charging me and that Wholesale Bank will be taking over my account and giving me “cost” on my processing. Marci ( probably not her real name)that I was speaking with even got off the phone with me to “call my local sales office to yell at them”. She also said I qualified for a class action law suit because I had been being over charged and she would sign me up for that as well. She had me going until she wanted me to sign a lease for a credit card terminal. NEVER LEASE A TERMINAL. She wanted me to pay $95 a month for 4 years! Terminals are about $200 all over the internet. She said the one I had was not compliant and that my current company was charging me $256 a month for non compliant. Not true.

This complaint is typical of the complaints we have seen about Challas Group and Wholesale Banc, and it is identical to the feedback we have previously seen about Datalink Bankcard-affiliated companies. The practice of slamming is highly unethical and has resulted in legal action being taken against some processors. Wholesale Banc not only appears to mimic Datalink Bankcard in its sales approach, but also in its use of multiple DBAs to spread merchant complaints out across several brands.

No Misleading Quotes

The Challas Group, Bankcard Analytics, and Wholesale Banc websites do not display misleading rate quotes on visible or archived pages. This lone bright spot is not enough to overcome the company’s large number of consistent complaints from employees and merchants about its sales practices. If you suspect that you have been misled by a Wholesale Banc agent, you can double-check your monthly bill with a third-party statement audit.

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Response from Wholesale Banc

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Wholesale Banc Logo

Our Opinion of Wholesale Banc

A Subpar Payment Processing Option

Wholesale Banc rates as a substandard merchant services provider according to all available information. The company is heavily staffed by former Datalink Bankcard Services employees, and Datalink Bankcard and its affiliated businesses have never scored well according to our rating criteria. Wholesale Banc and its DBAs have received complaints from merchants that describe highly unethical sales conduct as well as substandard contract terms, and we do not recommend this company when compared to top-rated credit card processors. It should be noted that Wholesale Banc could potentially be misspelled as “Wholesale Bank” in searches.

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Why I'm Qualified to Write About Credit Card Processing and Merchant Account Services

I'm a former credit card processing sales director who left the industry because I didn't like how it takes advantage of small business owners. It feeds like a leech on businesses and thrives by imposing fees that are nearly impossible to comprehend. Seeing a need for change, I left and built this website help business owners better understand the industry, research merchant services providers, and get refunds of excessive merchant account fees. My experience of working "behind the curtain" in the industry, and using that knowledge for good, has resulted in millions of dollars returned to hard-working small business owners as well as enterprise-level companies.

From the time that I starting working in the merchant services industry to when I left to create this website, I've been on the pulse of payments for nearly 15 years. It didn't seem fair to keep this "insider" knowledge to myself. To lift the fog, I've reviewed hundreds of companies, read thousands of user reviews, and learned the pricing tricks of every provider. If you have questions about credit card processing, you can find the answers on this website.

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2 Reviews Leave Your Review for Wholesale Banc Below

  1. wally says:

    Received a call from 1-866-298-4139 and the lady named Kayla told me that there had been a mistake on our credit card processing account and we were going to receive a credit for non-PCI card processing fees that had been charged to our account since march 2018 (it’s September), and they needed to have us send a authorization e-mail to them to verify that we have received the overcharges notice. I was suspicious since we have no known processing through wholesalebanc.com. Googled their name and ended up here. thanks for being here for us. so many con artists out there….we almost got switched to wrongbank.com

    From The Editor
    This Post Might Help: Wholesale Banc’s PCI Compliance “Slamming” Scam

  2. RC says:

    These guys called my shop and attempted to have my employees send them copies of our merchant statement saying that we needed to be credited on PCI compliance fees. They totally misrepresented themselves. I called back the number they had left and spoke to the guy that had called my manager. I told them that I had Googled there phone number and they had attempted this scam on other people. They did not know our processor, account number, or really anything. The guy promptly hung up on me when I pointed this out.

    Their practices are sleazy and unethical. I wouldn’t ever deal with them.

    From The Editor
    This Post Might Help: How to Shut Down Sales Calls

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