Apex Merchant Group of Plano, TX, from all indication seems to be a new LLC formed some time in late filed with TX Dallas BBB in January.
Merchants, please look elsewhere. Other credit card processing companies will give you the credit card processing machines FREE. Apex will try to get you to sign a NON-CANCELLABLE 5-YEAR Leasing contract with their "sister company" (Merimac Capital) costing you up to a total of $6,000!! Be wary and read the fine print before signing the 3 yr and 5 yr contract which is AUTO RENEWABLE BY APEX! If you don't cancel, you are hooked for another 3 or 5 yrs! At that point, they will nail you for hefty early cancellation fees.
Apex Merchant Group is linked/affiliated with, if not one of the same, as First American Payment Systems (Forthworth, TX) and Trans Tech Merchant Group. These companies have had many complaints and disputes against them. Go read First American Payment Systems' rap sheet on Fortworth TX BBB, and the endless complaints on this site (usacomplaints.com). Fortworth TX BBB listed all the different names they operate under:
APPSTAR FINANCIAL
Eliot Management
FIRST ADVANTAGE
MERIMAC CAPITAL
Summit Merchant Solutions
TMG
TRANS TECH
TransTech Merchan Group
TRANSTECH MERCHANT GROUP
Number of complaints processed by the BBB
in the last 36 months: 240
in the last 12 months: 126
Http://www.fortworth. BBB.org/codbrep.html? Wlcl=y&id=97040065 (see more with this link)
It's evident from all the complaints on usacomplaints.com and the number of complaints filed with TX fortworth BBB, that those companies have unethical business practices and treat their merchants poorly and unfairly. So it seems that they reinvented themselves, created a new name and will continue to do what they have always done.
Try asking them how long they have been in business or how many employees they have. You will never be able to get an straight answer!
Apex Merchant Group is nothing more than a brand new ISO/MSP for KeyBank National Association of Cleveland Ohio.independent Sales Organization (ISO), also called a Member Service Provider (MSP) which is an outside company (not a MasterCard or Visa member) that is contracted by a member bank (each member bank may be a member of Visa or MasterCard, or both) to procure new merchant relationships for the specific bank. They are like a mortgage broker, working on commissions only.
I know there are a lot of unemployed folks out there now in need of jobs. Apex is aggressively seeking for independent contract sales reps in the MASS/New England area. They are advertising on job boards like Monster.com. Job seekers, please be wary and very careful, read ALL the fine print, before signing anything from Apex. They may have the right to investigate your credit and employment history, or even obtain credit reports on you.
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