- Report: #744080
Complaint Review: Entrust Bankcard
| Entrust Bankcard 1255 W Baseline Rd. Suite 200, Mesa, AZ 85202
Internet United States of America |
|
Entrust Bankcard Paradigm Direct Aquire customers by lying to them Internet
*Consumer Comment: Please come forward
*Consumer Comment: I got ripped off just like the original reporter
*Consumer Comment: Don't Lose Hope
*Consumer Comment: Entrust Bankfraud
*UPDATE Employee: How?
*Consumer Suggestion: Attn: Former Employees of Entrust/Ladco
*UPDATE EX-employee responds: Entrust Will Lie to Gain a Customer
*Consumer Comment: We were scammed too.
*Consumer Comment: Sorry Excuse for a Response
*Author of original report: Do not try to defend yourself if you are doing something wrong. It is not going to work.
*Consumer Comment: False postings-Entrust
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Here is my experience with the company:
A phone call was received sometime in Oct. of 2010. I was informed that my company was qualified to have wholesale merchant rate. The rate would be at least 30% bellow my current rate. With some doubt, I made an appointment to see the companys representative. A few days later the sales woman came to my office. Her name is Kena Signorelli. She took my merchant statement, pulled out her laptop, and within a few minutes, she concluded that she could save my company at least $300 per month after the $100 per month lease payment for a new terminal is paid. Every month there would be some merchant service reps knock on my door offering me their services. No one had every claimed that they can beat my rates. I asked Kena Signorelli how she could do it. She explained that Entrust Bankcard uses enhanced interchange program that will deal with Visa and Master card directly instead of going through any bank. I had to apply for the program first and wait for the qualification. My company may not qualify. A few minutes later, she had good news for me; I was qualified by her system. But there is a catch; I had to lease a new terminal from her, because my terminal would not work with her enhanced program. I leased the new terminal by talking to the phone she handed to me. She stood right by me, kept telling me just say yes to all the questions the other side asked.
In my mind, credit card processing companies could not send their reps going around the country lying to their potential customers. A few months down the road, what could they tell their customers if their promises were not kept? I was so wrong that I started to hate every sales rep that walked into my door or called me.
I have a simple way of calculating the processing rate: total fees from the processing company divided by the total amount of visa, master, atm and discover I processed. My rate was floating from 1.9% to 2.06%, depend on certain percentage of certain cards I processed. This my true cost.
I was shocked by the first statement from Entrust. The rate was 3.2%. I called them immediately. The answer was: (from their dedicated specialist, Aleksander Robinson) we will adjust your rate this month. Second statement, the rate dropped, to 2.8%. I paid $650 more. I called again and talked to the manager, Jessica Finegan. The answer was we will adjust you rate again. The third statement came; the rate did drop again to exactly the same as my previous processors rate. After talking to Jessica Finegan again, I found out that the best rate they can gave me was the same rate I use to have and I cannot return the $108/month for 60 month leased terminal, because the lease was from a third party called Ladco. It had nothing to do with them; they just made a commission from the lease.
I tried to get hold of Kena Signorelli. I never had a chance to talk to her again. She was protected by Entrust.
The fact is:
Entrust Bankcard is a small regular credit card processing company with one, only one, specialty: lying to anyone who could be their potential customer. Entrust trains every one of their employees to do so to compete.
This report was posted on Ripoff Report on 06/22/2011 03:50 PM and is a permanent record located here: http://www.ripoffreport.com/r/Entrust-Bankcard/internet/Entrust-Bankcard-Paradigm-Direct-Aquire-customers-by-lying-to-them-Internet-744080. 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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Search Tips#1 Consumer Comment
Please come forward
AUTHOR: bbqguy - (United States of America)
SUBMITTED: Tuesday, May 15, 2012
#2 Consumer Comment
I got ripped off just like the original reporter
AUTHOR: karen - (United States of America)
SUBMITTED: Thursday, May 10, 2012
Now they are trying to say the rep was new and misrepresented the situation and has been reprimanded....well then, as a CUSTOMER who would like CUSTOMER SERVICE, wouldn't it be wiser to SERVE me by cutting me loose and letting me go to another company? I have my hands tied now into a 5 year BS situation with the most scuzzy business I have ever been in contact with. I'd rather pay more to NOT do business with this company. I have filed a better business complaint and I would love to join a class action law suit for Entrust Bankcard's shady practices....which by the way, does not even show up on the merchant statement.
They are supposed to be in Mesa AZ (probably three people and a couple of phones) there's a lease company in Illinois, and the processing company in Maryland. This is a virtual online scam - nothing more.
#3 Consumer Comment
Don't Lose Hope
AUTHOR: John1010 - (United States of America)
SUBMITTED: Friday, May 04, 2012
#4 Consumer Comment
Entrust Bankfraud
AUTHOR: bbqguy - (United States of America)
SUBMITTED: Monday, March 05, 2012
#5 UPDATE Employee
How?
AUTHOR: MadHatter - (United States of America)
SUBMITTED: Monday, March 05, 2012
#6 Consumer Suggestion
Attn: Former Employees of Entrust/Ladco
AUTHOR: John1010 - (United States of America)
SUBMITTED: Sunday, March 04, 2012
#7 UPDATE EX-employee responds
Entrust Will Lie to Gain a Customer
AUTHOR: dermag2828 - (United States of America)
SUBMITTED: Monday, January 30, 2012
At any time someone will come on your call and claim to be a manager, director... etc. That is rare, it's usually just someone sitting next to you doing the same job, but sometimes it is a floor supervisor. It is their job to get on the phone to try to rebuttal any customer who is not listening to the Account Spec. They aren't permitted but to give the same rebuttals etc...
I was asked a question about our business by a customer, when I asked my manager for the answer, he told me "The answer is always yes, if that's what they want to hear." Flat out told me to lie to a customer to get them to agree to let us come to their business. I couldn't do it!
I walked out on this job, the sales are high pressure, not completely honest (which you don't fully understand until you see everyone in action). I've called the same business 3 or 4 times in a week and they have said, "Not interested, remove us" and the supervisor on the call would not allow me to mark the call as "DNC". We almost always were told to put the customer back in the call list even if they asked us not to call back. I've heard the manager brag about pitching someone while the customer was recording the call.
Sales isn't for everyone, definitely not for me. You have to believe in what you sell, and the company and any one that tells me to lie to gain business does not have my respect.
#8 Consumer Comment
We were scammed too.
AUTHOR: bbqguy - (United States of America)
SUBMITTED: Tuesday, October 25, 2011
Fortunately, our state has a very strict law against "Fraudulent Misrepresentation", check your state laws. I am also looking into starting a class action suit against EnTrust. I have seen many posts from others that have been scammed by the crooks. I think it is time to put a stop to this con game.
#9 Consumer Comment
Sorry Excuse for a Response
AUTHOR: bbr - (United States of America)
SUBMITTED: Thursday, July 07, 2011
#10 Author of original report
Do not try to defend yourself if you are doing something wrong. It is not going to work.
AUTHOR: down entrustbankcard - (USA)
SUBMITTED: Friday, June 24, 2011
Better Business Bureau revoked Entrust Bankcards accreditation on May 20th, 2011. Up till then, there were 44 complaints against Entrust. (this is the first time I see a company being removed from BBBs accreditation)
Go to www.complaintsboard.com and search for Entrust Bankcard or Paradigm Direct. You will see the same thing happened to many other small business owners.
Ok, lets talk about the fact that touched the owners nerve: the average rate, a simple concept that the owner of Entrust tried to discredit me upon. Credit card rates could be very confusing, but it also could be very simple, here is how you figure out your rate and compare: 1, find out how much you paid to the processing company including any fees (do not include American Express) for the moth: 2, find out the total amount you processed minus American Express for the same month. 1, (what you paid) divided by 2, (what you made AE) = you true rate (average rate). 1.9% to 2.06% was my rate before. This was how I found out I was paying more to Entrust. You dont need to know how to read a merchant statement to find out your average rate. It is the average rate that maters to your bottom line. By using this rate I found out Entrust was over charging me. Entrust agreed to my complaint and adjusted the rate three times.
Do not try to defend yourself if you are doing something wrong. It is not going to work.
My goal of spending time to write the report is to trying to reduce the number of small business owners that walk into the trap.
#11 Consumer Comment
False postings-Entrust
AUTHOR: BizOwner - (United States of America)
SUBMITTED: Thursday, June 23, 2011

