As a Merchant Sales Consultant for Ameribanc National and then Total Merchant Services I worked on a $1,000,000+ month merchant that would yield about $3,000 per month in residuals for me. After 6 months of hard work I gained the trust of the merchant and the business. I then installed 15 new terminals in his two stores. On the very first statement Total Merchant Services, without notice, increased the rates by almost double! When questioned they only said, "oop's we made a mistake and we cannot offer those rates" The merchant immediately cancelled but was left with extra fee's of close to $15,000.00. Total Merchant Services didn't care that they went back on their work they let him cancel but then charged me back the fee's they did not collect, completely wiping out my residuals on other merchants that I had signed up. To make matters worse, they would not even talk with the merchant I had signed up as he was willing to settle the mess. Then moved to terminate my status so I could no longer monitor the progress of the collection or the status of my merchants leaving me with a new monthly loss of about $5,000 or $60,000 per year. The company owners (The Friedman's) fly around the country in their little corporate jet flying from town to town ripping people off. If you are a merchant consultant looking to join them, stay away. If you are a merchant looking for a processor, stay away. Dishonest - rude - disgusting people from the top all the way to the bottom.
I would be happy to email anyone proof of this entire transaction if it kept them from getting one more consultant or one more merchant. BAD BAD BAD People. The other affiliate company is Americbanc National - Dan Lewis. An equally bad person and company.
Park Ridge, Illinois
U.S.A. CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.