I, too, was fooled by a credit card processing company by the name of Payment Systems. They promised to save me lots of money on my merchant fees but I had to sign a 48 month lease to receive such great fees. I received my lease equipment and started getting charged double what I was paying to my old merchant plus the leased equipment never worked with my POS system. I cancelled my merchant account and mailed my lease equipment back. The service they were selling was a big scam... I couldn't even run debit cards with the leased equipment. Biggest rip off out there. Now they have ruined my credit because 1) they took advantaged of me and 2) no one cares enough to put this business out of business. It is tough enough on small businesses as it is, we really don't need known scammers out in the business arena.
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