MSI Canada federated payment system MSI CANADA SCAM new york, New York

A young man came to my business and told me how i could save alot of money by changing to Federated.  He claimed that since i had my credit card machine over 4years that i wasnt obligated to stay with current company.  I told him that i could not afford to pay fees for breaking a contract and he claimed that his employer would reimburse me if that were the case.

I changed my credit card machine and used federated payments until my old credit card company warned me that i was liable for my old contract and i was only able to change on the anniversary month of when i first was contracted.....which in this case happened to be march.  I quickly put my old machine back on the counter and discontinued federated.  I callde the company and told them my predicament and they replied that they would wait until my contract was up and then continue from that point. I gave back the machine to the rep for federated.

Now ferderate is sending me a breach of contract notice and failure to pay the processing agreement for $546.50.  NOt only that, but they want to reimbursement fot all losses, including all action needed to collect this debt and costs associated withe collection process.

I received a phone call from federated that said the rep works for himself and sings a 1040 and they are not liable for anything he said.

I suggest that anyone looking to sign a credit card processing agreement look at the fine print and do not sign with federated because as stated above...they are not responsiblefor the reps who represent their company - unheard of !

In addition they also take their money directly off the top os your totals are a bookkeeping nightmare.  Every batch never matches your totals at the end of the day because they take their cut up front.

 Shore biz

ocean city, new jersey