• Report: #990706

Complaint Review: Merchant One

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  • Submitted: Thu, January 03, 2013
  • Updated: Thu, January 03, 2013

  • Reported By: Unsatisfied customer — Lebec California United States of America
Merchant One
Miami, Florida United States of America

Merchant One Misleading business practices, Miami, Florida

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Merchant One is misleading! I signed up with them two years ago, only to find they capped the transaction dollar amount on purchases, which hurt us dearly due to our high ticket sales. Also they raised our interest rate about 5 times during the year "due to higher interchange rates".... So the advertised rate didn't last long. Also their statement fees, yearly $99 account fee, and PCI and monthly fees were exhorbitant. They hold you hostage to a three year agreement, and if you cancel early, (which I just did) they say they charge you $25 a month for every month left on your contract. However, if this amount is less than $295 then they charge you the greater amount. So it has cost me $425 to get out of my account this year. DO NOT RECOMMEND!

This report was posted on Ripoff Report on 01/03/2013 01:00 PM and is a permanent record located here: http://www.ripoffreport.com/r/Merchant-One/Miami-Florida-/Merchant-One-Misleading-business-practices-Miami-Florida-990706. 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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