Merchant Lynx
Equipment Lease Will Kill You

If this company comes into your business to sign you up for merchant services run! They tell you they will beat competitor's prices. But - here's where you get taken: they come in and talk fast put your initials here, sign here, etc. Then you find out that you are tied into an equipment lease for 48 months, and THEN you have to buy the equipment at a minimum of 10% of the entire amount at the end of the lease, or continue with the monthly lease. Mind you, this does not include their insurance requirement of $10 monthly (that they aren't willing to waive even if you have business insurance).in my case it will end up costing me close to $4,480 for a piece of equipment that I could have gotten on E-bay for $400 or less.

They also do not include miscellaneous charges on their statements, and you find them when you get your bank statement. Who remembers that on "this day or that day" yearly, quarterly, etc. To enter that into your check account? It shouldn't be an "I forgot" moment when you get your bank statement. Put it on the freaking merchant statement. That I see and record as it comes in my mail.

Their customer service people never have the same story or explanation on anything.

Yes, I was stupid for letting them bamboozle me. But, if I can help someone else, I want to. Don't, don't, and did I say don't? Do business with them.

Company: Merchant Lynx
Country: USA
State: Georgia
City: Canton
Address: 107 Mountain Brook Dr. 100

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