• Report: #981077
Complaint Review:


  • Submitted: Wed, December 12, 2012
  • Updated: Wed, December 12, 2012

  • Reported By: Mike — United States of America
Internet United States of America

I-Payment I-Payment Merchant Services, National Merchant Bankcard Rip off! Monthly fees, cancellation fees, 3-year onerous contract, hidden costs Internet

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I set up credit card processing with I-Payment and National Merchant Bankcard as an alternative to Pay Pal. Well, I ate the $27 a month fees and now Im eating security fees of $200 a year too? And they charged me $30 because I failed to hand in homework.. some annual report that if I dont hand in they charge me $30 extra per month. On top of that - if I do not
process the minimum so my so-called discount goes from 1.99% (teaser rate) to 4%+ usury rate!  If I dared charge that
to my clients each month Id be arrested.

Im canceling today and the cherry on top is Im being charged an extra $300 cancelation fee!  Ohh but theres more. The zombie I spoke to on the phone says he can lower my fees and work with me. Great! After-the-fact.

Why push me to the point where Im now online complaining to everyone about their rip-off boiler room tactics? Just be HONEST in the beginning! Their response to me was: He hung up on me.. [continued below]....

Listen, even though Pay Pal is right up there with the National Socialist Party of Germany when it comes to holding your money and setting rules they are leaps and bounds better then I-Payment, National Merchant Bankcard. Dont go here unless you plan on staying 3-years and at least $1080 in total monthly fees, minimum.  And read that contract

This report was posted on Ripoff Report on 12/12/2012 12:57 PM and is a permanent record located here: http://www.ripoffreport.com/reports/i-payment/internet/i-payment-i-payment-merchant-services-national-merchant-bankcard-rip-off-monthly-fees-c-981077. 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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