- Report: #762566
Report - Rebuttal - Arbitrate
Complaint Review: Capital Merchant Solutions
Capital Merchant SolutionsInternet United States of America
Capital Merchant Solutions credit card processor, merchant gateway, hidden fees Internet
*Author of original report: National Payment Processing
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After finally becoming fed up with these outrageous "compliance" fees, I submitted a cancellation request in the middle of this month (knowing that I would be charged the $300+ early termination fee). Surprise, surprise--I was charged on last "compliance" fee, and this time it was $140.00!!! So, basically, I have been penalized nearly $500 for cancelling this outrageous service.
So in sum, if you sign up to do business with this company, you will spend an absolute bare minimum of $1000 per year, whether or not you conduct any credit card transactions at all. In short, I run a small business, and the $1200 in "compliance" fees I paid last year completely destroyed my margins. In fact, the numbers are pretty staggering: I proceeded approximately $7500 in transactions over the last year and half, while paying Capital Merchant Solutions over $2000. I'm completely disgusted.
This report was posted on Ripoff Report on 08/08/2011 03:20 PM and is a permanent record located here: http://www.ripoffreport.com/r/Capital-Merchant-Solutions/internet/Capital-Merchant-Solutions-credit-card-processor-merchant-gateway-hidden-fees-Internet-762566. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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