Merchants Capital Access

Merchants Capital Access | Merchant Cash Advance | Credit Card Processing

Merchants Capital Access | Merchant Cash Advance | Credit Card Processing
525 Broadhollow Road
Melville New York 11747
United States of America

Phone: 877-522-7410
Web: http://www.merchantscap.com

Leasesource Inc New York
515 Broadhollow Rd
Melville New York 11747
United States of America
Phone: 1-866-781-0440

I am only posting this to prevent others from the pitfalls of Leasesource, as I, at the time, did not know the extent of the “agreement” that I signed under the “expert” advice of EVO Merchant Services. I am an 8 year veteran of the USAF and an honest business person. I admit now, that I may have also been a tad naive as a new small business owner, and went on the verbal promises and assurances that were given to me by my EVO sales rep out of Daniel Island, SC when we set up a credit card machine for our small business back in the Fall of ’07. If you are reading this now, you likely found this out too late as well, and are also a victim of Leasesource’s assinine credit card machine 48 month lease policy. Unlike others before me, I am now in my third year of our ridiculous lease, and I have allowed the extremely high rate lease payments to continue debiting from our business checking account in fear of ruining my excellent credit rating.

I have continued paying outrageously high property taxes and fees on a machine that I don’t even own, and have no resolution whatsoever with this company other than the manger is never available to speak to me. What I do have is a broken worthless machine, and no way to process my current credit card payments from our customers, and they continue to debit my account whether the machine is functioning or not. I desperately just want to send the machine back and they can keep the $1500+ I have already paid into it. If I had known fully what I was agreeing to, I would never have signed the lengthy and unethical contract EVO put before me. I am sickened and disgusted that a company would take such advantage of their clients. Clearly their company survival is dependent on their shady contracts, and suckering in unsuspecting honest business men and women. When this is all said and done, I will have paid $3312 for a machine that isn’t worth $300 brand new…and their is apparently nothing to be done about it. I would rather someone just steal my wallet…at least then I could call and cancel my credit cards.

http://www.ripoffreport.com/credit-card-processing-ach-companies/leasesource-inc-new/leasesource-inc-new-york-busi-6be77.htm

LeaseSource LLC- LSI LLC Northern Leasing Systems aka LeaseSource Inc.

March 2007 I had signed up with this company to lease my credit card machine with Lease source. The guy who signed me up had to take the paperwork with him when he left and came back a few days later saying that i was missing information. After about a week i had to call to request a copy of the lease. a few months later I noticed that they were taking out alot of money and that the rates were way more than i was even making. Fees here, fees there and they had signed me up for a 4 year lease term. I was just starting my business in June 2007 and only had a year lease for my space. I would not have signed up for a four year lease. I called the company and informed them that i would be sending them back their equipment. I sent back the equipment and they threatened to continue to take money from my account unless i paid the buyout costs and termination fees. I called the rep who originally signed me up and he no longer works with them because he said himself that they were a “bad company”. He didn’t tell me much more about it but he did apologize.

Fast forward five years and now i a formal complaint from them against me for thousands of dollars. I had received many letters from them demanding payment with all different made up amounts. Every person i talked to said that they would look into and get back to me. Surprise Surprise..No call backs ever! Now i see tons of complaints all over for the same company with all the same problems! Do NOT use this company!

___________________________________________________

I am only posting this to prevent others from the pitfalls of Leasesource, as I, at the time, did not know the extent of the “agreement” that I signed under the “expert” advice of EVO Merchant Services. I am an 8 year veteran of the USAF and an honest business person. I admit now, that I may have also been a tad naive as a new small business owner, and went on the verbal promises and assurances that were given to me by my EVO sales rep out of Daniel Island, SC when we set up a credit card machine for our small business back in the Fall of ’07. If you are reading this now, you likely found this out too late as well, and are also a victim of Leasesource’s assinine credit card machine 48 month lease policy. Unlike others before me, I am now in my third year of our ridiculous lease, and I have allowed the extremely high rate lease payments to continue debiting from our business checking account in fear of ruining my excellent credit rating.

I have continued paying outrageously high property taxes and fees on a machine that I don’t even own, and have no resolution whatsoever with this company other than the manger is never available to speak to me. What I do have is a broken worthless machine, and no way to process my current credit card payments from our customers, and they continue to debit my account whether the machine is functioning or not. I desperately just want to send the machine back and they can keep the $1500+ I have already paid into it. If I had known fully what I was agreeing to, I would never have signed the lengthy and unethical contract EVO put before me. I am sickened and disgusted that a company would take such advantage of their clients. Clearly their company survival is dependent on their shady contracts, and suckering in unsuspecting honest business men and women. When this is all said and done, I will have paid $3312 for a machine that isn’t worth $300 brand new…and their is apparently nothing to be done about it. I would rather someone just steal my wallet…at least then I could call and cancel my credit cards.

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