- Report: #467527
Report - Rebuttal - Arbitrate
Complaint Review: Transtech Merchant Group - First American Payment System.
Transtech Merchant Group - First American Payment System.201 Main St. Suite 1000 Fort Worth, Texas U.S.A.
Transtech Merchant Group - First American Payment System. Will honor signed contract Fort Worth, Texas, Fort Worth Texas
*Consumer Suggestion: I've heard.
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
I decided to sign the application, which became the contract in late April.
Transtech was supposed to come set up the processor the next day, but it took two weeks. Meanwhile, they charged me the application fee that was supposed to be waived per the contract, and they charged me for not using their service in April - I couldn't.
I finally started using the processor in early May. When I received my first statement I about fell off my chair. The fees were more than 4% for the processor. This is far from what the salesman quoted me and what I signed on the contract. Furthermore, the contract showed that I would pay 0.12 per transaction. They are charging me $0.27 per transaction. They state that they did not accept my application, which is the contract. Well if that is the case, the contract should be null and void.
Customer Service said they would look at reducing, but then never got back to me.
The contract also states that they would pay the cancellation fees from the previous provider, which Transtech refuses to pay.
Now they are trying to charge me $595 to cancel the contract, for early termination; the contract states $495. This is an outrageous amount for the fees that they charge compared to other processors.
If anyone signes up for this processor good luck!
North Myrtle Beach, South Carolina
This report was posted on Ripoff Report on 07/08/2009 01:49 PM and is a permanent record located here: http://www.ripoffreport.com/r/Transtech-Merchant-Group-First-American-Payment-System/Fort-Worth-Texas-76102/Transtech-Merchant-Group-First-American-Payment-System-Will-honor-signed-contract-Fort-467527. 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.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.
Advertisers above have met our
strict standards for business conduct.