North American Bancard / Global Services
Year contract turns into three year when try to cancel

I was told that this was a year contract and that I could cancel after a year and that the credit card machine was mine. I have been with this company for 16 months and I just tried to call in to cancel my service with this company and I was told that I have another 20 months on the contract. If I cancelled now, I would have to $500.00 and send back the machine. ($25.00 a month X 20 months). I was told that I could pay $25.00 a month until the contract ends but that I could not accept any credit cards. The funny part is, is that I still have to return the credit card machine that was free. Why do companies think that they have to take advantage of the little person? I got the credit card machine to accept credit cards at the flea market, it didn't work out and know I can not cancel. Is this right? Should a company be that greedy, not to allow somebody to cancel a product or service for a reasonable fee?

Company: North American Bancard / Global Services
Country: USA

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