• Report: #743623

Complaint Review: EPS

  • Submitted: Tue, June 21, 2011
  • Updated: Tue, July 12, 2011

  • Reported By: RipRoyal — Henderson Nevada USA
EPS
6472 Quebec St. Englewood, Colorado United States of America

EPS Electronic Payment Systems Deceptive / Overpriced! Englewood, Colorado

*Consumer Comment: same thing happened to me!

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EPS contacted me about merchant services when I first opened my business. I had been contacted by some other companies as well, but EPS was very aggressive. Their rate was competitive but not the lowest. I was sold primarily by the fact that there wasn't a long-term commitment, according to the agent who sold me on their service. He called me shortly after lunchtime (Pacific time), but I didn't pay much attention to the time of day at first.

I didn't make a decision right away, so he said he would call me back in a couple of days. He called me again the following day. I had already been contemplating accepting credit cards and was comparing their rates to others. Again, it was shortly after lunch. He faxed my contract.

When I was in the middle of reading it, he called me. He "remembered" that the equipment leasing office was closing in ten minutes, so I had to hurry. This is the point at which I should have stopped the transaction, because I hadn't had an opportunity to read through everything. I had skimmed, but I missed the $85 annual fee. I did question if I had everything pertaining to our agreement, and he assured me that I did.

I also questioned him again about long-term commitments. He again reiterated that I could "cancel at any time." That is a direct quote. That was on July 28, 2010.

Today, on June 21, 2011, I tried calling him. The phone is disconnected. His office was in Tempe, AZ. I called the Englewood, CO, office. They told me that I am required, per the terms of my agreement, that I am required to give 90 days' notice or renew for another year commitment. That is not what my agreement says. The agreement I signed says, "This authority is to remain in full force and effect until (a) Bank has received written notification from Merchant of its termination, in such a manner as to afford Bank reasonable opportunity to act on it and (b) all obligations of Merchant to Bank that have arisen under this Agreement have been paid in full." Their argument is that my signature on page 2 of the agreement says that I agree to all terms of the contract - that I never saw. Their agent willfully withheld the terms from me, even after I asked him if I had all the terms.

The Englewood agent today asked if I would like for her to fax those terms to me. I declined, because if she now faxes them to me, I will have seen them retroactively. Clever. Except I'm not stupid. I'm not falling for it. They tell me I have no option except to renew (automatically and without recourse) for another year, since I have missed the ninety-day window of opportunity. Willful deceit might play here. There were at least two addenda to that contract I signed, and the agent did say those were the only ones.

This report was posted on Ripoff Report on 06/21/2011 04:28 PM and is a permanent record located here: http://www.ripoffreport.com/r/EPS/Englewood-Colorado-80111/EPS-Electronic-Payment-Systems-Deceptive-Overpriced-Englewood-Colorado-743623. 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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#1 Consumer Comment

same thing happened to me!

AUTHOR: markgtr77 - (United States of America)

I had a very similar experience with this company. To make a long story short they sold me outdated equipment (6 years according to my bank) , took the full $1700+ from my customer, then never paid me anything but the 33% down payment. They also told me i didnt need to change my current credit card processor in order to do the 90 day program then tried to change the story afterwards. It has been two years and i have still not seen or heard from them since their offices i dealt with are now closed and every attempt to get this resolved only results in getting more of the run around...even after putting my corporate attorney on it! What really ticks me off is the new shmucks who google my company and then keep trying to solicit me after i have been taken advantage of! So I'm paying for search engine marketing for these clowns to try to rip me off again because they are too stupid, ignorant and / or lazy to look up potential victims any other way than to use up a companies pay per click advertizing! Oh am i ever fuming over this! How do these guys stay in business for as long as they have been!
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