• Report: #343141
Complaint Review:

Internet Speedway

  • Submitted: Mon, June 23, 2008
  • Updated: Mon, June 23, 2008

  • Reported By:Arlington Texas
Internet Speedway
1201 S. Alma School Rd. Suite 15500 Mesa, Arizona U.S.A.

Internet Speedway Misleading and Unscrupulous Business Practices Mesa Arizona

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I fell for this hook, line, and sinker... Make money while you sleep! Never have to handle any inventory! Become an instant sucess! It is all just a ruse to get to hooked. I made the same mistake thousands of people made, and now I am just trying to get them to stop taking money out of my account. I canceled my "membership" in May, and they are still deducting $69.99 from my checking account, unauthorized deductions at that. I called them and they could see that my account had been cancelled, but could not tell me why the deduction occured. Oh, yes they would be happy to credit my card, in 7 - 10 business days, or maybe up to 15. So they get to use MY money for that amount of time, free of charge! Something has to be done to stop these, and people like them! I should have checked out the BBB before stepping into this, but when I made my initial call, the lady made it clear that this was a "one time offer", and if I called back, the price would be in the thousands of dollars! So I went for the "basic" plan, which was 9.99 initially, plus 19.99 to transfer my domain. I started with only 51 items to sell, and already had an established business. I waited for the 1st "free" month and never sold one item. So I "upgraded" to the next level, and had 100 items to sell. In the meantime I kept getting calls urging me to upgrade to the "Super Store" to really begin making money, and for only $2500.00! Needless to say, I didn't do that. But even after upgrading to get 100 items, and having over 600 hits in less than a month, I had no sells! And I was advertising all over the internet and locally! Plus, because I had my own merchant account, my shopping cart never worked properly in capturing the credit card numbers. It would only catch the first 4 and last 4, which is useless in processing through you merchant account. Even after working with their support personnel for a week, they could not fix the problem. It was then recommened to me to process my credit cards through them, for a set up fee of $129.99, and a 3% transaction fee per card! My merchant company, Innovative Merchant Solutions, is only charging me 1.5% per transaction! And I got free setup, free QuickBooks 2008 Professional, and 2 free months!

In addition to all the above, while I had this account, I decieded to check out some of the Wholesale warehouses, like Evertek and XSDepot, and I found out that I could buy the things I wanted to sale at prices well below what ISpeedways Warehouse Direct was selling them to people out there. And I'm not talking just a few pennies or a dollar or two, but 10 - 15 dollars on some items! It's no wonder I had no sales, anyone out there could beat my prices! And e-Bay was the worst! Example, if I wanted to try to sell say a 512 Diamond Stealth Video card on e-Bay, my cost was something like $235, plus shipping and all that. On e-Bay there would be dozens selling at that price or slightly above. So where do you make any money? Now if you are buying in bulk, yes, but they don't offer bulk sales. And why would they? Then they wouldn't make any money off suckers like me!

So, if you want to open an on-line store, don't use these people, find someone reputable. Or better still, buy from dealers like Evertek and create your own on-line store. And remember, if someone tells you that you can make a lot of money in a very short time, don't believe it. There is a reason they are call get rich quick "schemes".

Arlington, Texas

This report was posted on Ripoff Report on 06/23/2008 10:21 AM and is a permanent record located here: http://www.ripoffreport.com/reports/internet-speedway/mesa-arizona-85210/internet-speedway-misleading-and-unscrupulous-business-practices-mesa-arizona-343141. 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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