Wholesale Merchant Processing Review

Wholesale Merchant Processing Overview

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UPDATE 3/01/2019: The Wholesale Merchant Processing website is now a landing page for Harbortouch, and all available evidence suggests that Wholesale Merchant Processing is no longer an independent brand. North American Processing Solutions and Smart Choice Payments both appear to be active, so it seems that Wholesale Merchant Processing is the only company in this group to have merged with Harbortouch. We will no longer update this review.

Founded in 2005, Wholesale Merchant Processing (wmphq.com) is a Beaverton, Oregon-based merchant account provider serving most standard-risk business types. Wholesale Merchant Processing also operates under the name of Smart Choice Payments, and the company has been tied to the following business entities by merchant complaints:

Todd McCartney is listed as the president of Wholesale Merchant Processing, Smart Choice Payments, and American Payment Systems. All three companies are headquartered at 11000 SW Stratus St., Ste. 150, Beaverton, Oregon 97008. Wholesale Merchant Processing is a registered ISO/MSP of First National Bank of Omaha, Omaha Nebraska.

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Products & Services Offered

  • Debit and credit card processing
  • Check conversion
  • Merchant cash advance
  • ATM placement
  • Gift and loyalty programs
  • POS equipment

Types of Businesses Served

  • Retail
  • Mobile
  • E-commerce
  • MOTO
  • Restaurant
  • Lodging

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Wholesale Merchant Processing Rates, Fees, and Costs

Key Points

Swiped Rate Variable
Keyed-in Rate Variable
Early Termination Fee $395+
PCI Compliance Fee $99 Per Year
Equipment Lease Terms 48 Months, Non-Cancellable

To Wholesale Merchant Processing’s credit, the company provides nearly all of its merchant documentation on its website for anyone to review. The standard Wholesale Merchant Processing contract (available below) is a three-year agreement with an early termination fee of $395, an annual fee of $69, an annual PCI compliance fee of $99, a monthly minimum fee of $25, and an accompanying non-cancellable, four-year equipment lease through Northern Leasing Systems. In addition, merchants consistently report (and company representatives acknowledge) a fee of $893.98 that is charged upon cancellation in addition to the $395 in the contract, bringing the effective cancellation penalty to $1288.98. It is unclear which portion of the company’s contract grants it the right to extract this additional amount.

The company’s merchant account contract terms are far more expensive than industry averages and would warrant a “C-” rating on their own. However, two other factors lower the company’s score in this section to an “F.” First, the company’s agents appear to commonly package their processing agreements with long-term equipment leases through companies like Northern Leasing Systems, Lease Finance Group, and Ladco Leasing. The leases offered by these companies are almost always ironclad agreements that will lock merchants into paying an amount far greater than the purchase price of the equipment over the life of the lease. Second, the regular complaints about nondisclosure of contract terms indicate that many merchants are signing up with the understanding that they will not face many of these fees. This makes a fee like the company’s mysterious $893.98 fee even more devastating for unsuspecting business owners. See the Wholesale Merchant Processing Merchant Agreement.

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Wholesale Merchant Processing Complaints & Customer Reviews

Key Points

Total Online Complaints 50+
Live Customer Support Yes
Most Common Complaint Undisclosed Fees

We have found over 50 negative Wholesale Merchant Processing reviews, many of which outright accuse the company of being a scam operation. Commonly cited issues include deceptive sales tactics, exorbitant fees, poor customer service, and unprofessional conduct by company representatives. The company’s affiliated entities and subsidiaries have also received a moderate number of complaints, and many of these complaints list Wholesale Merchant Processing as a secondary offending party. Wholesale Merchant Processing representatives have responded to these complaints and successfully resolved the merchants’ complaints on a few occasions (examples here and here).

In one of the more unusual complaints we have encountered, a weekly alternative magazine called the Willamette Week actually published a negative editorial in 2009 titled “Wholesale Merchant Processing: Not what small business needs in the recession.” The editorial criticized the company’s complaint rate with the Better Business Bureau and quoted a representative of the Oregon Attorney General’s office as saying of WMP, “Twenty-seven complaints is a lot. That’s why we referred it to the Federal Trade Commission.” We have been unable to find any evidence of FTC action against Wholesale Merchant Processing in the years following this editorial. In the editorial, WMP president Todd McCartney is quoted as saying, “I can’t watch each person all day. We have reps all over the country, and if some of them lie, we get rid of them…. [But] sometimes, merchants just get confused. And that’s not my fault.” The editorial is no longer visible on the Willamette Week website, but the comment section can be seen here.

The total number of complaints from merchants and employees coupled with the content of these complaints has resulted in a “C-” rating for the company in this category. Wholesale Merchant Processing offers phone and email support during regular business hours.

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Wholesale Merchant Processing BBB Rating Summary

Key Points - BBB

Product & Service Complaints 29
Billing & Collection Complaints 19
Advertising & Sales Complaints 8
Guarantee & Warranty Complaints 0
Delivery Complaints 0

Wholesale Merchant Processing currently has an “F” rating with the Better Business Bureau and is not accredited. The company’s profile has received 56 complaints in the last three years, with 29 due to product or service issues, 19 related to billing and collection, and eight having to do with advertising or sales. The company has resolved five complaints to the satisfaction of the merchant, while two complaints did not receive a good faith effort from WMP, two complaints received no response whatsoever from WMP, and the remaining 47 complaints were either resolved to the merchant’s dissatisfaction or did not receive a final response from the merchant. The BBB cites the two unaddressed complaints as the major factor lowering the company’s rating. We are not inclined to adjust the BBB’s grade upward at this time.

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Truth In Marketing & Advertising

Key Points

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

Wholesale Merchant Processing primarily sells its products and services through a combination of telemarketing and independently contracted sales agents across the country. We have found dozens of Wholesale Merchant Processing complaints that consistently cite nondisclosure of contract terms, misrepresentation of rates, and unprofessional sales conduct. These complaints have been filed by former employees as well as by disgruntled merchants, and similar complaints have been filed against the company’s various DBAs and affiliates. In short, we have located a steady stream of complaints filed against Wholesale Merchant Processing during the entire ten years that the company has been operating, and the majority of these complaints are related to sales and marketing tactics.

Merchants regularly report that Wholesale Merchant Processing reps do not provide full contract terms, egregiously misrepresent the savings they can provide for merchants, engage in “slammingtactics, and alter contracts after they have been signed.

Wholesale Merchant Processing has paid Ripoff Report in order to participate in that website’s “Corporate Advocacy Program,” which enables the company to paste its own promotional copy above certain merchant complaints. It is our belief that this practice reflects poorly on any company, as it only makes it harder for merchants to see what other business owners have to say about the company rather than simply addressing the complainant’s issue. In addition, it appears that Wholesale Merchant Processing has established a number of DBAs and subsidiary entities that list different addresses around the country but are still closely tied to WMP. This strategy is commonly used by some providers to spread complaints across multiple brands or to escape the negative reputation of an existing brand.

The number of complaints and the severe content of many of these complaints have lowered Wholesale Merchant Processing’s rating to a “D” in this section.

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Our Opinion of Wholesale Merchant Processing

Wholesale Merchant Processing rates as a substandard merchant services provider according to our rating criteria. The company has received a large volume of complaints relative to its size, and many of these complaints report severe deception or expensive costs incurred. Merchants who have been contacted by Wholesale Merchant Processing are advised to request and review all documentation before signing up, although even this appears to be an unreliable method for preventing unexpected fees.

We rely on your feedback about Wholesale Merchant Processing to keep this review accurate and up-to-date. Please take a minute to tell us about your experience. We and the small business owners of this world thank you!

Thank you for reading my review. I hope that it has helped you with your research.

My Qualifications

I'm a former credit card processing sales director who left the industry to start my own a small business. From the time that I starting working in the merchant services industry to when I left to write about it, I've been on the pulse of payments for nearly 15 years. It didn't seem fair to keep this insider knowledge to myself, so decided to build this website to help you research which providers to use and how to save money on rates and fees. 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 here. Simply scroll to the top of the page to find the search bar. You can also message me if you need any guidance.

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4 Reviews Leave Your Review for Wholesale Merchant Processing Below

  1. Sean Moon says:

    Just like other small business owners, I got scammed by this company. The sales person lured me by offering month to month contract that I can cancel the service anytime I want and no terminal rental fee that will be covered by other monthly fees. There are many things that she hid behind such a low rate like per transaction fee, settlement fee and so on. Also, she was such a friendly person up until I signed the contract and got the machine installed and now she is avoiding my messages and told me that she just had a surgery and currently out of commission. I’m being very skeptical that she had a surgery last week. When I called the head office to address the issue, of course they are going to tell me that they can only see what’s written on the contract and there is no way they can verify if the sales person lied about the contract. After all, I’m the only one to blame and have to pay $500 to cancel. Who knows if more is coming after the cancellation. I wish I had seen these extremely negative reviews before signing the contract and I truly hope other business owners to see my review and make a wise decision not to do any business with this company whatsoever.

    From The Editor
    This Post Might Help: Cancelling a Merchant Account Without Paying a Fee

  2. Big Ben Barber shop says:

    This company it’s scam Liars he come one guy from your company when I did it the contact with them they playing Agames with people they are Big stolen people money when I did a contacts with them they said to me there is not fee change when you to close the account and they said you have to pay 500 hundred they scam and the customer service it so bad no recapct I went one hour waiting on the phone because I want talk to they manger nobody answer just they wont me to pay that money they are Big liers I was with different company it was great one guy fromyour company Luis his name he said when want to close your account there is no charge they stole my money they charge 1500 thousand for three months it bad company bullshit fucking that company if I see that guys I will fuck him up that mother fucker he play games with me I was send new customers no more fuck this company bullshat that guy he is player no trust him stolen people money they charge big money iam for BigBenBarber I need one guy from this company to c”contact with me back I will tell him everything to me email address

  3. I work for Heartland Payment Systems. My client just called stating that a Tiffanii called from this phone number and this Merchant processor. Their tag line is “You overpaid last month for your credit card processing.” My client called me and gave me the name and number. I called Tiffanii, who hung up on me. Then I called back and talked with Lawrence Walker, who said her real name is Jamie, and that once they find out they are working with Heartland, they no longer pursue these merchants, and hung up on me. I then called back and Brandon answered. When asked if it is a common practice to tell merchants they overpaid on their credit card processing and that they need to review their previous statements, he hung up on me. The next call went to Carol, who claimed to be the Vice President. She said that they do not pursue Heartland Customers, they do not condone misrepresenting their names, and that it is not a common practice to claim that merchants overpaid on their credit card processing, and that any further communications need to be dealt with from our attorneys. This is a SCAM, do not fall for it!

  4. Richard Fletcher says:

    Much like the complaints about this company I am seeing on this website mine is the same. Canceled services with them early. Expected the $395.00 early termination fee, but they never took it. This was in 2012/2013. Fast foward to March 2016….over 3 YEARS LATER they debit my checking accoount for $1,288.98 with no notice what so ever. I didn’t catch it until April….almost a month later. Too late to dispute it with my bank because it was an ACH Debit to my account, I had to catch it within 24 hours. I called the company and tried to resolved the dispute, that it was really ethically wrong to come back over 3 years later with no notice and just take the money from my account. They were rude, would not budge and kept stating that there is “No statute of limitations on B2B contracts” and that they were owed all the money they took. They started stating paragraphs from my supposed contract that clearly states all the fees related to the $1,288.98. Funny….I did not have that portion of my contract or merchant application and I save all the papers from them. I would warn anyone and everyone to NEVER do business with this company EVER.

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