Stay Away is my advise to all! NMS / EIS misrepresented themselves by stating they were affliated with JP Morgan Chase. The fact of the matter is... 1st National Processing is the processor listed on most, if not all, lessee's paperwork for the credit card machine. Their corporate website is - http://www.1nbcard.com/. At the bottom of the webpage is the following verbage: "Registered ISO/MSP for J.P. Morgan Associates Inc."
JP Morgan Associates Inc is an "umbrella" for trade names such as Bank One, JP Morgan, JP Morgan Chase, JP Morgan Securities, JP Morgan Credit Card Services, etc.
Preliminary findings indicate that NMS / EIS is only a "third party" through thier relationship with 1st National Processing. And if 1st National Processing is sponsored by JP Morgan Associates Inc to process transactions, then NMS / EIS affliation with JP Morgan Chase is clearly misrepresented & abused. I have "in-house" documentation from that clearly shows the misrepresentation & abuse of the aforementioned (Lipsky, I have your sales script).
Just the name and thought of a relationship with "JP Morgan Chase" was a deciding factor to enter into a contract with NMS / EIS. But when I had problems processing my very first order for an amount over over $10000.00, I found out that JP Morgan Chase - Merchant Account Processing Center did not even recognize my merchant ID number that was issued to me by NMS / EIS (further evidence that NMS / EIS misrepresented their relationship with JP Morgan Chase).
The drop shippers list that NMS / EIS provided is "garbage." I found my own drop-shippers at better prices compared to the drop-shippers NMS / EIS provided.
Their web site is a template in which NMS / EIS takes the approach of "one size fits all." And in the golden age of "branding, " this approach is not going to work to differentiate your website from other websites, aside from the products being offered.
I have contacted JP Morgan Chase and advised them of NMS / EIS practices. I would also advise that if anyone has a contract with MBF Leasing brokered through NMS / EIS, read it over carefully and see if there is anything within the contract that specifies a pro-rated payment deduction for the first and last payments. You will avoid many many headaches when transferring funds into a clearing account (if one has it) to make the payments.
NMS / EIS is a company everyone should stay away from! You can get free credit card machines now with processing services (like Richard in Florida pointed out - Pay Pal is cheap and a better alternative). Web development is relatively inexpensive. And you can find your own drop-shippers without having to pay a fee. I did it and I regret ever entering into an agreement with NMS / EIS.
I want to make clear that I have nothing against JP Morgan Associates or 1st National Processing. I truly believe they are reputable companies. However, it only takes one "contractor" such as NMS / EIS to tarnish such a reputation. I would only hope that JP Morgan Associates Inc & 1st National Processing would hold NMS / EIS accountable for the clear misuse of thier names.
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