MBF Leasing, Vericomm Corporation
Equipment Supplier ripoff! Did not realize it was a 4 year contract. Charges over $70.00 a month!

I am a sole proprietor very small Errand business in South Lake Tahoe, Ca. I had a Vericomm co. Rep come over to my house in May to show me the credit card machines that he said would be a boost to my business.

He told me once my ad shows I take MC/Visa my business would go up 33%! He was a swift talker. Vericomm Corp. Is out of Valencia, Ca. So I said "well if you say so" and I so stupidly signed the lease and later realized it was for 4 years! When I got their equipment and got it up and running I started getting the charges on my bank account!

I did not realize I would be charged $75.41 a month just for the machine and then all the other charges when I used to process the charge cards. I only charge clients cards over the phone. I was being charged a wireless Access fee of $25.00 and it took 3 months to try to resolve that issue with IPAYMENT, INC. Now I am lucky if I do one transaction a month and I want to get out of my lease! It puts me into a negative balance every month on my bank account.

I have contacted all the cos.involved and everyone says I would haveto buy out of the 4 year lease. That is over $3000.00! What a rip off! I need some guidance here of what I can do.

Company: MBF Leasing, Vericomm Corporation
Country: USA
State: Illinois
City: Burr Ridge
Address: 16W281 83rd. Street
Phone: 8882753251

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