- Report: #381810
Report - Rebuttal - Arbitrate
Complaint Review: Prestige Payments Systems - Payment Systems For You.com
Prestige Payments Systems - Payment Systems For You.com1300 Esther Street Suite #203 Vancouver, Washington U.S.A.
Prestige Payments Systems - Payment Systems For You.com BUYER BEWARE!!! They are not disclosing all the information!! Vancouver Washington
*Consumer Suggestion: They are not a Processor, They are a Re-seller, save your time and money.
*Consumer Comment: I'm a current customer
*UPDATE Employee: No Way
*UPDATE Employee: Discouraging Information
*Author of original report: Prestige Payment Systems -paymentsystemsforyou.com
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She promised me we would have a discount rate of 0.40% (yes that is 0.40%), with $0.10 transcation fee, NO minimum monthly discount and a $10.00/mo statement fee. Sounds too good to be true?? Well, it is.
Red flags went up immediatley for me. The only documentation she faxed me was a rate sheet and the last sheet of their contract to sign to accept her offer. She would not fax me the whole contract and had nothing else in writing. She claims there is no contract, it's pay as you go and no cancel fee. But still she couldn't even fax me that in writing.
She did offer to take a blank sheet of paper and hand write her offer. After I started really questioning her, she still tried really hard to sell me even though she had no other documentation. She even called me back to see if I changed my mind, offering to fax me 100 of her happy customers (which I have yet to see.)
I called our busines banker, a trusted resource, and she assured me that there are hidden fees. If Prestige couldn't disclose the whole contract in writing, then they are not being truthful. The industry going rate for credit card merchants is 2.00%+. There is no way they could offer 0.40% and almost all merchants require a minimum monthly charge, along with several other fees.
I also called Chase Paymentech which was on Prestige's fax cover letter. Prestige Payment Systems is a third party merchant. Chase Paymentech couldn't even offer me 0.40% that Prestige claims!! If they are using Chase to do their transactions, the 0.40% and $0.10 doesn't even begin to cover any costs they would incur!!
Just do a little research yourself and you will find the same information. These folks at Prestige are running a scam and I hope someone stops them.
This report was posted on Ripoff Report on 10/16/2008 09:08 AM and is a permanent record located here: http://www.ripoffreport.com/r/Prestige-Payments-Systems-Payment-Systems-For-Youcom/Vancouver-Washington-98660/Prestige-Payments-Systems-Payment-Systems-For-Youcom-BUYER-BEWARE-They-are-not-disc-381810. 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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