Report: #743405


  • Submitted: Tue, June 21, 2011
  • Updated: Sun, January 22, 2012
  • Reported By: MIKE — KINGSTREE South Carolina USA
    100 THROCKMORTIN ST. STE 1800,
    United States of America


*Consumer Comment: Transtech, Apex and Summit all the same company!

Show customers why they should trust your business over your competitors...

An agent from Transtech came to my shop and I signed with them. Less than a year later another person came by from Apex and requested to offer me better rates and better service. After looking at the rates, they were cheaper than what I was paying.

I asked right away if I would have to pay any canellation fees for cancelling from the other company within less than a year. I was reassured many times that I would not be.

About 2 months later, My bank statement reflected charges totaling $695.00 for close fees to the other account. When I contacted Apex about this, they referred me to their main office. When I called the main office, my call was automatically sent to an answering machine.

About 2-3 days later I received a call from someone and they assurred me that I would recieve $300.00 back for the fees and send in a request to get additional money back for the close fees. After doing so, I never recieved any money nor would anyone else return my calls.

I started searching the company online and saw that the company that I cancelled with is the same company that I had just signed with. They got almost $700.00 and still had my business.

Upon further investigation I found out that I did not recieve the proper equipment that was on my lease aggreement. I was paying for equipment that I did not have. I had finally had enough.

I boxed all equipment and typed cancellation letters and returned it all to them by certified mail. These companies are a complete fraud and they prey on consumers who are unaware of proper fees and quipment for merchant services.

I have all documentation from the first contract to the last and all statements from these companies and they are all the same. Do not sign with these companies. Research Better Business Bureau and other sights for upstanding merchant providers before you sign with anyone.
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This report was posted on Ripoff Report on 06/21/2011 09:13 AM and is a permanent record located here: 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Consumer Comment

Transtech, Apex and Summit all the same company!

AUTHOR: Ray At Tampabay Merchant Services - (USA)

Unfortunately you have probably have encountered one of the worse companies dealing with small businesses for credit card processing. They will hire unsuspecting unemployed people who usually dont last very long in the business.   It makes it hard for the good providers in the business. 
After someone gets burned they might go to their bank thinking they will have safe harbor there, problem most banks are much better. We are out here, just look.   It is unfortunate that we have a company like Transtech, Apex and Summit taking advantage of small business owners.  If you are a business owner that has been burned by them, flight them by complaining to local and state consumer agency.  If they get away with it they will continue harming others. Ray with Tampa Bay Merchant Services. 
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