• Report: #609412

Complaint Review: LADCO Leasing

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  • Submitted: Wed, June 02, 2010
  • Updated: Wed, June 02, 2010

  • Reported By: Joel — Ohio United States of America
LADCO Leasing
7300 Chapman Hwy Knoxville Tennessee 37920 Mason, Ohio United States of America

LADCO Leasing Beware their magnatex which they claim you can buy for $300-1200 can be bought online for $45.00 Mason, Ohio

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When I first was approached by a Merchant service person from KEY Bank OH I was led to believe it would cost me $35.00/ month it ended up costing me first $75.00/month even when I had no CC claims. Later Elavon added a PCI compliance charge even though they said I had till Feb to become compliant. They started to take money with no permission in Sept. Both companies will screw you.
Elavon would not give me or the bank manager a straight answer. LADCO has a no termination clause which means even if they do something illegal you still have a contract. 

Beware both of these companies!!! Today most merchant services will give you the equipment for FREE and have a much better rate. So tell your friends and neighbors. Ask anyone you do business with if they use these companies and if they do only pay cash.

This report was posted on Ripoff Report on 06/02/2010 07:15 AM and is a permanent record located here: http://www.ripoffreport.com/r/LADCO-Leasing/Mason-Ohio-45040/LADCO-Leasing-Beware-their-magnatex-which-they-claim-you-can-buy-for-300-1200-can-be-bou-609412. 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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