As with other listed on your site - i was sold a bill of goods on a credit card prossessing company (vericonn) with (they said could not function with my current pos (point of sale) machine and i would get all these benefits (none i say non were of any increased benefit to our company as it turned out). When we tried to return the pos they informed that we had signed a contract and could not return the machine (even though we did so within 10 days of using the machine)
The scam (i believe) is that vericomm is not really selling processing service but rather an overpriced pos machine. Of course they keep the two very separate and i'm sure that they are very well protected but should someone ever do a class action against vericomm or mbf please include me. My company hired a lawyer and will attempt to go against vericomm but the contract that we signed with mbf.
The beauty of their scam is that they have your bank routing # and deduct from your checking account. It is really a classic scam. The business card that was proffered by the salesman had the bbb seal of aproval. I cant believe that nobody has not complained to them - i sure have. Finally i changed my bank so they couldn't automatically draw from my bank account and so now they call at least 5 times a day threatening me at my business and and and at my home.
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