- Report: #216906
Report - Rebuttal - Arbitrate
Complaint Review: Central Payment Corporation
Central Payment CorporationLarkspur, California Nationwide U.S.A.
Central Payment Corporation ripoff Larkspur California, Madisonville Kentucky
*UPDATE Employee: ripoff? stop crying.
*UPDATE EX-employee responds: CPC is NOT a rip-off
*Consumer Comment: keeping customers happy
*REBUTTAL Owner of company: My CPC impression
*UPDATE Employee: CPC is not a rip off...this site is out of control
*UPDATE EX-employee responds: What a Rip off
*UPDATE Employee: CPC is a GREAT Company (PEOPLE JUST LIKE TO COMPLAIN WHEN NTHEY DON'T WANT TO WORK)
*REBUTTAL Owner of company: Executive Sales Director
*REBUTTAL Owner of company: Not true:
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The account executive marks it up to make their profit, again, innocent enough. Then you begin talking to these merchants who say, I get rates at 1.49% with no transaction fee.
Well, that's when I began to question things. If the industry breakeven rate is 1.65%, how could a merchant possibly get it lower? My sales director explained it away to me as the merchant simply reading the wrong lines.
I saw the statements myself, that my sales director pushed for me to fax in for his examination.
The residual income is not a 50/50 split as the supposed owner of the company had previously writted on here. There is a residual program which gives you an extra $20 bucks a months. When I was out of work due to sickness, my residuals stopped, as per company policy. So, I assume this means that if my monthly residual had ever reached a comfortable amount, and I decided to stop selling more accounts, my residuals would stop. That is not a very good residual program.
After I recovered from my illness, I emailed the sales director and received no reply. I'm not an angry ex employee, I've moved on to honest work. I am curious though, just WHO is the owner? I was first told it was Matt Hyman, and Christopher Toney. Next I was told it was San Huhn. I am not sure they even know.
This report was posted on Ripoff Report on 10/20/2006 08:10 PM and is a permanent record located here: http://www.ripoffreport.com/r/Central-Payment-Corporation/nationwide/Central-Payment-Corporation-ripoff-Larkspur-California-Madisonville-Kentucky-216906. 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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