An agent for Central Payment Corp. by the name of Norris Broadway, visited my store and called me more times than I can remember. He gave me rates that were hard to refuse.
He said he was authorized to pay the $250 early termination to my previous processing company. I was also told the $195 application fee would be withdrawn from my account at pennies a day.
The biggest draw was the month to month contract, not only for the processing but also for the credit card machine. I told him I had 2 machines and didn't need another. Since it was month to month, so I thought, I agreed and signed the application.
He told me someone from the main office would call to confirm our agreement and I should say "yes" to every question they asked so that the account would be approved. He then came back with another application form and asked me to sign it again and he would enter the lower rates. I never received a copy of the second contract.
He also said he would come back to set up the machine as soon as it arrived. That was the last time I heard from him. He never showed up to set up the machine. He never paid the $250 early termination fee and the $195 flew out of my account in one lump sum.
I was being charged double the amount I was quoted for the lease of the machine. I tried calling him for weeks with no reply. He was to pick up my old machine, have it "scrubbed"(wiped clean) and send it back for me. He was to send the $250 check and, after it was received, my old account would be closed.
Due to Norris Broadway, Central Payment Corp. and all their promises/lies, I am paying monthly statement fees and machine leasing fees to two companies.
I called Central Payment and told them what happened. They said there wasn't anything they could do. They would agree to the month to month contract and let me terminate my account with them, however, the $250 early termination fee for my prior processing company was my problem. I told them to take back their machine. I was told "no problem" but I'd still have to make the lease payments for the next 4 years or pay $3,000 to purchase the machine.
I signed a contract that stated month to month for processing and machine leasing. They will agree to terminate the processing but not the lease. Not only was I not reimbursed the $250, the $195 check he promised to deliver but nor did I receive ANY of the rates agreed upon for my account or lease. Evidently, Norris Broadway later made notations on my application that I never saw.
I went to other merchants in my neighborhood and found out Norris Broadway from Central Payment Corp. hoodwinked them also. It was just by luck that I came upon this website because we were going to see exactly how many others were scammed and find out if a class-action suit was relevant.
Sinking Spring, Pennsylvania