Central Payment Corporation
Ripoff Larkspur California, Madisonville Kentucky

This company sounds great at first. Las Vegas, commission, conference calls. It sounds like a very prestigious job. The rates (breakeven) are 1.65% plus. 19 cent transaction fee. That sounds pretty fair, and honest.

The account executive marks it up to make their profit, again, innocent enough. Then you begin talking to these merchants who say, I get rates at 1.49% with no transaction fee.

Well, that's when I began to question things. If the industry breakeven rate is 1.65%, how could a merchant possibly get it lower? My sales director explained it away to me as the merchant simply reading the wrong lines.

I saw the statements myself, that my sales director pushed for me to fax in for his examination.
The residual income is not a 50/50 split as the supposed owner of the company had previously writted on here. There is a residual program which gives you an extra $20 bucks a months. When I was out of work due to sickness, my residuals stopped, as per company policy. So, I assume this means that if my monthly residual had ever reached a comfortable amount, and I decided to stop selling more accounts, my residuals would stop. That is not a very good residual program.

After I recovered from my illness, I emailed the sales director and received no reply. I'm not an angry ex employee, I've moved on to honest work. I am curious though, just WHO is the owner? I was first told it was Matt Hyman, and Christopher Toney. Next I was told it was San Huhn. I am not sure they even know.

Company: Central Payment Corporation
Country: USA
State: Nationwide
Address: Larkspur, California

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