Merchants - do not sign on with Crescent or you will be sorry. I signed an agreement with fees up front, and then afterwards, they provide their "Terms & Conditions" over and above. I am not signatory to the latter, but I'm sure they will insist the terms are "subject to change without notice" and "ex post facto." However, they still charged fees that are not described in their subsequent "Terms." Coming out of Dallas, I should have known better; they're probably owned by the Bush family or a subsidiary of Brown & Root.
I have in print, my estimation of $1000 AVERAGE monthly charges on the application. They accepted that, and now charge an extra $19.95 for falling below their minimum monthly charge of $1200. Nowhere at all does that show up in writing.
There was a "one time" processing fee of $60, and that was it, supposedly.in their documentation, there is a $98 "corporation" fee, with no terms stipulated as to if, how or when that might be applied. There were no terms attached to that undescribed charge, like soooo many other vague, ambiguous charges. Come to find out, that is an ANNUAL fee; a GOTCHA!
There was no "minimum term", so you can terminate at anytime. I discussed that in depth before signing. RIGHT? There is a De-Conversion Fee of $495. What does that mean? What is De-Conversion? De-Conversion is a double negative, or double talk. Does it mean they'll suck $495 out of your bank account when you decide to terminate the contract? You'd better close your bank account like I did.
Countrywide, Enron, Bernard Madoff, Halliburton... They're all in the same category of scam artists. I knew a guy that served 3 days in jail forlifting a $1.98 pen; and now they giveaway billions to the biggest con artists as a rewardfor dirty deeds. Companies like Crescent will be praised for their cunning business ripoff work, instead of prosecuted by their Attorney Generals.
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