ED Magedson – Founder
Merchant Services, Inc.890 Mountain Ave 2nd Floor New Providence, New Jersey USA
Merchant Services, Inc. MSI Fee of $99 accessed to mitigate cost!!! New Providence New Jersey
Per MSI instructions I had written a letter to terminate further agreements once my contract requirements were met. MSI then dipped into my bank and took an additional $118 at the end of the contract. $10 for the statement fee; $9.99 for regulatory & compliance Fee and an aditional $99 to midigate cost associated with becoming and maintaining PCI compliance, etc.
This bill was a total RIP OFF a and unexpected! When I called them I found out that this was their standard procedure.
This report was posted on Ripoff Report on 08/07/2013 09:35 AM and is a permanent record located here: http://www.ripoffreport.com/reports/merchant-services-inc/new-providence-new-jersey-07974/merchant-services-inc-msi-fee-of-99-accessed-to-mitigate-cost-new-providence-new-j-1073816. 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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