GoPro Powersports is a ripoff because the company says it is an exclusive source of subprime lending for a finance company called Select Payments, when in fact many powersports dealers have signed up directly with Select Payments.
Select Payments pays a commission to GoPro Powersports for every loan generated, but GoPro Powersports charges a $295 sign up fee to the powersports dealer plus a fee of $100 per loan. It's a ripoff because dealers who sign up directly with Select Payments do not pay the $295 set up fee or the $100 per loan fee.
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