ED Magedson – Founder
Alpine Payment SystemsVancouver, Washington United States of America
I worked briefly for this company. They leased a Nurit 2085, which costs only $125 to buy, for $99 per month for 48 months... $4,800 for a $125 piece of equipment. In fact, the leasing company would not do this much of a ripoff. So what did Alpine do? They told the merchant they were getting a "free" second Nurit 2085. This satisfied the leasing company Really?
Then they told us to lie and tell the merchant their old equipment would not work with our systems so they had to buy new. But hey, we were saving them so much money the extra equipment lease would be covered by the savings.
Most companies have 3 tiers of rates. So does Alpine. However Alpine calculates them differently. They use a complicated system of calculating your rates. They offer a really low Qualified rate. However, most cards do not come through as Qualified. It is too hard to explain here but understand... it is a REAL high rate if it does not come through as Qualified.
Their philosophy is "if the merchant thinks they are getting a good rate that's all that matters" and "if we tell people often enough we are honest... then we are (even though that is a lie).
Now they are running ads saying they are "one of the top 25 in the world". Top 25 what? Liars, deceiters, thieves? Alpine is NOT one of the top 25 processing companies in the world. I would not believe a single word they say.
The owner was a liar and deceiver when he managed a car dealership (he made TONS of money doing so). Now he used the skills he used there to spread these tactics throughout the country.
This report was posted on Ripoff Report on 10/15/2010 01:21 AM and is a permanent record located here: http://www.ripoffreport.com/reports/alpine-payment-systems/vancouver-washington-/alpine-payment-systems-iqatm-liar-deceptive-ripoff-vancouver-washington-651173. 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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