First Data Global Leasing First Data Merchant Services, First Data, Northern Payment Systems First Data Global Leasing (FDGL) Refusing to Release Merchant from Lease Agreement Coral Springs, FL Nationwide

We may have some light at the end of this dark tunnel.  I filed a complaint with the District Attorney in the state of Floriday.  They did an investigation on First Data Global Leasing and FDGL is required to follow a process that was outlined in the investigation.  The DA's office sent my complaint over to FDGL and FDGL is required to report back to her.  We are waiting on their response and are hopeful this will resolve the issue.  Will update again once we hear back.

What most people / business owners do not realize is the leasing company is nothing more than a financing company for the merchant service provider who uses them to help place terminals and make big commissions.   It is unfortunate that the business owner was tricked, however the business owner should always read and understand what he is signing. The reason the leasing company (FDGL) is telling him to call the other company is because they will need to agree to reverse the “deal” and as such the processing company will need to give back the commissions. 

In absent of a lawyer getting involved or some government entirety helping (good luck with that), the business owner will need to make all payments (48) and return the equipment. After this, put in a formal request to cancel the lease.  Since the equipment was already returned, get and keep proof & documentation the equipment was received by the leasing company. This may need to be provided when requesting the closure of the lease after all 48 payments have been made.

I hope this helps.  Ray at Tampa Bay Merchant Services.