Re: any other suggestions

Posted by feeling helpless (63.208.63.237) on October 27, 2002 at 10:06:34:

In Reply to: Re: credit card processing fees and machine, additional info posted by inthebusiness on October 26, 2002 at 22:56:54:

The guy did not let me read the lease. He did mention
the noncancellable part, but basically I foolhardedly
signed a blank document. The independent rep then
turned in a different contract from the one that I signed,
with different rates and fees on it. He did not mention
that I also would be locked into a credit card processing
transaction service for 2 years. Basically I have a blank
contract that has my signature on it. I have obtained
copies of the MSI/CIT contracts, which are completely
filled out but were never given to me, prior to starting
the service. The page for the credit card processing
fees has an invoice number in the top right corner, but
the page for the terminal lease does not have any
number on it.

I found the same processing machine online for $300,
but the rep is charging me $2600 across four years for
the machine. This rep is charging me $50 a month plus
a $200 buyout fee for the machine across 4 years.
When it comes to noncancellable lease, I thought the
person was supposed to show me a final copy of the
lease, prior to submitting it. I found the same machine
online for a lease of $17 a month. I feel like I have been
taken to the cleaners. Any suggesitions?

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