Report: #195358

Complaint Review: Innovative Merchant Solutions, First Merchant Resource

  • Submitted: Wed, June 07, 2006
  • Updated: Wed, June 07, 2006
  • Reported By: Oklahoma City Oklahoma
  • Innovative Merchant Solutions, First Merchant Resource
    26520 Agoura Road, Calabasas, CA 91302
    Costa Mesa,, California
  • Phone: 877-226-7047
  • Web:
  • Category: E-trade

Innovative Merchant Solutions, First Merchant Resource Beware Deceptive Dishonest Misleading Business Practices Entice the Vulnerable Costa Mesa, Calabasas California

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After attending a Auctionteacher meeting we were introducted to this First Merchant Resource which is none other than aka Auctionteacher. Yes, I paid 498.00 to purchase my own merchant account. We were told we would own it, could sell it, it could be like an asset. What we weren't told: 30.00 a month fees for the rest of your life until you terminate the agreement which will cost you 395.00 in the first six months and 295.00 thereafter.

I called Innovative Merchant Solutions and talked to a customer service rep. He told me that the 498.00 went to Auctionteacher who acted as our agent to get it set up. Randy Judd said we would own the account and it could be sold. The customer service rep. said it couldn't be sold but it could be transfer to another person. In other words, if my litte sole proprietorship doesn't make any money, I have to either pay 30.00 a month from now on or at least 295.00 more to get out of it.

That is a deceptive rip-off. Also, I haven't even been able to post anything from my auctionteacher webbuilder site to ebay because the auction tool is broken. Something needs to be done about this high termination fee and the deceptive practices of Auctionteacher's speakers. I truely believed them and what they were saying. My friend didn't even have a job at the time but they still took her money. Randy Judd promised all this help forthcoming from Auctionteacher to make us successful that I have yet to see.

Oklahoma City, Oklahoma
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This report was posted on Ripoff Report on 06/07/2006 09:36 PM 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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