I am a small business, and I signed up with a merchantservicing company IMS at a great rate of. 049% per transaction. Well it isnot that simple, it seems. Their variable rates add up to over 3% in fees, and theircustomer service agents are trained to convince you that you will never paythat much. So how do my fees add up to over 3%, IMS??? When I inquired about cancelling service, they said I willpay a $250 fee. I understand what a contract is however they purposefullymislead small business owners. Dont believe. 049% when you see it. Now on to First Data Global Leasing. I called to find outhow I could cancel my lease. Guess what? You CANT CANCEL YOUR LEASE! You canpay the $3000 it costs to lease the equipment for 2 years, or you can paymonthly for those remaining months. Then you have to pay another hefty fee ifyou want to keep the processor! So, to get out of my costly, misleading, scamof a contract, I must pay over $4000! If your business tanks you are STILL STUCK WITH THEPAYMENT. What a scam. Its a piece of equipment. Take it back and lease it tosomeone else. You people are heartless, cold, and misleading. I will be lettingeveryone know about how your company REALLY works.
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