Complaint Review: Transtech Merchant Group - First American Payment System.
- Transtech Merchant Group - First American Payment System.
201 Main St. Suite 1000
Fort Worth, Texas
- Category: Bait-and-Switch
Transtech Merchant Group - First American Payment System. Will honor signed contract Fort Worth, Texas, Fort Worth Texas
*Consumer Suggestion: I've heard.
I decided to sign the application, which became the contract in late April.
Transtech was supposed to come set up the processor the next day, but it took two weeks. Meanwhile, they charged me the application fee that was supposed to be waived per the contract, and they charged me for not using their service in April - I couldn't.
I finally started using the processor in early May. When I received my first statement I about fell off my chair. The fees were more than 4% for the processor. This is far from what the salesman quoted me and what I signed on the contract. Furthermore, the contract showed that I would pay 0.12 per transaction. They are charging me $0.27 per transaction. They state that they did not accept my application, which is the contract. Well if that is the case, the contract should be null and void.
Customer Service said they would look at reducing, but then never got back to me.
The contract also states that they would pay the cancellation fees from the previous provider, which Transtech refuses to pay.
Now they are trying to charge me $595 to cancel the contract, for early termination; the contract states $495. This is an outrageous amount for the fees that they charge compared to other processors.
If anyone signes up for this processor good luck!
North Myrtle Beach, South Carolina
This report was posted on Ripoff Report on 07/08/2009 01:49 PM and is a permanent record located here: http://www.ripoffreport.com/reports/transtech-merchant-group-first-american-payment-system/fort-worth-texas-76102/transtech-merchant-group-first-american-payment-system-will-honor-signed-contract-fort-467527. 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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