ED Magedson – Founder
Wholesale Merchant Processing11000 SW Stratus St Suite 150 Beaverton, Oregon USA
Wholesale Merchant Processing Wholesale Merchant Services After they breached the contract, they charge ME $2088.98???!!! Beaverton Oregon
Unfortunately signed up with Wholesale Merchant Processing fall of 2011. Signed a contract for good rates, but an early termination fee of $395. Service rep I met with wrote on the contract that the equipment would be on free loan, and I could cancel within the first 90 days for any reason without penalty...boy I wish I had taken him up on it!
Fast forward a year and they want to sell me a new credit card processing machine, and therefore I have to sign a new contract? I did not sign the new contract. I told them that this voids the terms of the contract I signed, and that I would be going with a different company for processing. They told me that I would have to send them written notice of termination to their HQ, along with the equipment which I did--several months later (due to illness). In my termination letter I detailed their breach of our original contract by attempting to charge me $400 for the new credit card processer.
They alos had the nerve to withdraw the "monthly statement fee" a month AFTER charging me $2088.98 for early termination?! This company is as shady and as deceitful as it gets!
I requested copies of any and all signed contracts they have on file for me, and when I compared it to my original contract drawn up in my office with the representative, the wording did not match! So they altered the contract to validate the charges.
Absolutely unscruplous company. I am a one-person business, and since I suffered through a protacted illness last year, I only grossed about $10,000, of which, this company stole $2088.98 of it! Well, I am feeling MUCH better now, and if I have to report them to the AG for fraud, and fly to Oregon to sue them in small claims court, I am up for the challenge.
This report was posted on Ripoff Report on 04/16/2014 06:36 PM and is a permanent record located here: http://www.ripoffreport.com/reports/wholesale-merchant-processing/beaverton-oregon-97008/wholesale-merchant-processing-wholesale-merchant-services-after-they-breached-the-contrac-1139473. 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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