Ripoff Report Needs Your Help!
Report: #1333191

Complaint Review: Best Rate Merchant Service - Simi Valley California

  • Submitted:
  • Updated:
  • Reported By: BR Scam — Miami Florida USA
  • Author Confirmed What's this?
  • Why?
  • Best Rate Merchant Service 4680 E Los Angeles Ave, Suite C Simi Valley, California USA

Best Rate Merchant Service Eli Rubin BR Merchant Service Best Rater Merchant Service Offshore Scam Beware Simi Valley California

Show customers why they should trust your business over your competitors...

Is this
Report about YOU
listed on other sites?
Those sites steal
Ripoff Report's
We can get those
removed for you!
Find out more here.
How to fix
Ripoff Report
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

We were approached by Eli Rubin at BR Merchant Services offering High Risk Offshore processing with  a provider called

Mr Rubin, signed up for Docusign and drafted a contract for us and this fake (as we know now) Offshore company to avoid any litigation.

We were approved for a merchant account and given all the tools to process cards. We were told there was a 2 week arrears period for payment. We processed for 3 weeks and when it came time to pay, there "were problems paying in USD".

They made us wait another 2 weeks then notified us that they cannot pay us in USD, even though our contract in Docusign stated as much but that we would get Bitcoins. We waited another 2 weeks while they "worked" on the Bitcoin system.

We processed over 10,000 USD with them and we recieved 0.00 back. After emails and more emails , we then received a document stating that the merchant account was terminated due to Risk and we would get our money back maybe in 180 days.

We will not see a dime. This was a complete scam.

I have since talked with 3 other merchants who used BR/Bicpay for offshore processing and all of them were Robbed 100%.

We are talking in the hundreds of thousands of dollars.

The real defining moment is that even after telling us the account was "terminated" the account tools still work and I ran my own credit card against it and it was accepted and billed.

If a merchant account is closed due to risk, no cards will be able to be accepted.


Please avoid Eli and Best Rate at all costs.

This report was posted on Ripoff Report on 10/14/2016 01:20 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

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Featured Reports

Advertisers above have met our
strict standards for business conduct.

What do hackers,
questionable attorneys and
fake court orders have in common?
...Dishonest Reputation Management Investigates Reputation Repair
Free speech rights compromised

Segment Now