Report: #405946

Complaint Review: Moneris Solutions

  • Submitted: Mon, December 29, 2008
  • Updated: Mon, December 29, 2008
  • Reported By: Sacramento California
  • Moneris Solutions
    150 N. Martingale Rd. Ste. 900
    Shaumburg, Illinois

Moneris Solutions Early Termination Fee Shaumburg Illinois

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We had a three year contract with Moneris Solutions to process our MasterCard and Visa payments. One of the medical associations that we belong to offered us a better rate to perform the same service. We called Moneris to verify the end date of our contract and to ask if there would be any cancellation fees if we closed our account at the end of our contract period. We weren't told of any fees. Apparenly the fine print in the contract says that if you don't cancel your service during a 60 day window of time 30 days prior to the contract end the contract is automatically renewed. Then if you call to cancel you are cancelling the contract early and get assessed a $250.00 fee. We have two accounts with them so our fee is $500. I tried to explain that this fee was unfair because I called to ask about cancellation charges and was not notified of the automatic renewal clause. The manager of customer service was rude and unhelpful. His final answer to me was that their lawyers have carefully checked the contract language and they charge this fee because they can. This company is based in Canada.

Sacramento, California
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This report was posted on Ripoff Report on 12/29/2008 04:12 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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