Sterling Payment Technologies Worst CC Processing Company In the World Internet

Sterling Payment Technologies charges an early termination fee to recover costs incurred when setting up a new account.  Most processors in the industry charge such fees.  In addition to helping to recover setup costs, the fees act as an impediment to sales representatives who move their merchants between processors to take advantage of bonuses they receive for bringing in new business.  In many cases, merchants are utilizing rented equipment and termination fees also help to recover the losses processors incur on such account terminations.
 
We would have appreciated the courtesy of the merchant contacting us about this issue, especially the Sterling Independent Sales agent who acted this way. Because many of our agents are independent and  may work for a number of card companies it is difficult to monitor their every action. But when we are made aware of an unscrupulous agent we will take action. The complaint in the Ripoff Report does not offer us any information on which to provide a more thorough response since the name of the representative, the specifics about the merchants charged, and the circumstances regarding their departures are not provided.