Report: #823529

Complaint Review: merchant funding solutions - old bridge New Jersey

  • Submitted:
  • Updated:
  • Reported By: andy — rome New York United States of America
  • merchant funding solutions 3 jocama blvd, old bridge, New Jersey United States of America

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I was sent a postcard from merchant funding solutions on oct 31 2011 saying they could get me money for my shop,so i called them and they said i could get funding but i would have to change my processeing company and they would get me a lower rate so i did.Then they asked me for all my information so they could get the money. i had asked for this was on nov 2, 2011 and the guy i was dealing with at the time was thomas maffucci. after a while he had me talk with the head under writter that is part owner as im told and his name is steven clarken.I was told by him i'll have you funded by the beginning of jan 2012 i promise just keep swiping credit cards.

And when i tried calling him back he wouldnt return my calls and everyone their is saying hes not in or hes at mettings  then my folder got turned over to a guy named joe who has no idea whats going on and that tom was out sick.I exsplained to joe what was going on he said i'll ck in to everything to see whats going on with your app.Then it started with the cat and mouse game with him won't answer screening calls then it was were pushing for your funding,im having moneys taken out of my account from two processeing companys.Ive got papers signed by steven clarkens that said wells fargo is the lender as of today 1/16/2012 still no funding.

 called joe he says i do not know whats going on do what i have to do more less he cant help me so now im locked in to two companys that are making money off my swipes and im getting the shaft.Ipayment is no good and ethier is merchant funding solutions both companys work together to take avantage of us stay away from them and do your homework to see if the bbb is hooked up with them,If not their cons.

This report was posted on Ripoff Report on 01/16/2012 02:32 PM and is a permanent record located here: https://www.ripoffreport.com/reports/merchant-funding-solutions/old-bridge-new-jersey-08857/merchant-funding-solutions-steven-clarken-lied-to-me-old-bridge-new-jersey-823529. 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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#11 Consumer Comment


AUTHOR: Barry777 - ()

POSTED: Sunday, October 19, 2014

I was considering working with Merchant Funding Solution, but the employee comments alone are plenty to scare me away from them.  Every single one of them contains at least one typo, multiple typos, lack of proper capitalization, or have been typed in all capital letters.  Regardless of the employee's native language, I expect absolute 100% precision when it comes to an organization handling my money.  If they can't type 3 lines without making an error, I certainly cannot trust them to handle my funds properly. 

To make matters even worse, the employee comments are extremely unprofessional in that they attempt to justify their errors by making excuses.  This is a company I definitely would NOT want to work with.

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#10 General Comment


AUTHOR: Gloria - (United States of America)

POSTED: Thursday, December 27, 2012
I do not believe you to be a small business owner (consumer of this company).  I believe you to be an employee within this company trying to help this company from the reputation that it is receiving.  I believe that you are lying for this company to try and save face but I  hopefully with the help of others that have experienced the same issues with this company can come together and stop you from doing this to anyone else.  I would like to offer anyone who is willing to stand with me to get as many people as possible together and start a class action law suit to put an end to these unjust acts- in my opinion THEFT!

  Contact Gloria at gloria.chappell@gmail.com
  (please put ripoff in the subjet line)

          Thank you
           Gloria M. Chappell
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#9 Consumer Comment

my opinion

AUTHOR: jriver - (United States of America)

POSTED: Tuesday, December 18, 2012
I am a business owner of a Mexican restaurant. I was very nervous to send any of my information to this company after reading the comments here. But after speaking to one of the representatives I decided to give it a try. Today I did receive the money that I needed for my business.I was treated in a very professional manner and everything that was promised to me was delivered. I read the comment about the broken English , and I just want to say as someone who was born in Mexico and does not have perfect english I take offense to that comment. Just because I have an accent does not make me a bad person. If anyone asks me about Merchant Funding Solutions and the way I was treated , I will always give them a good reference
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#8 General Comment


AUTHOR: Gloria - (United States of America)

POSTED: Tuesday, December 18, 2012
I think if we were to get together and make a legal claim we might have a better chance of rectifying many of these wrongs that have been obviously done to many good people just trying to make it in the small business world. It is very sad that this company has managed to take advantage of so many decent, hard working men and woman and have possibly taken away any chance they had in making a difference in their future.
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#7 Author of original report

Steven Clarken Lied To Me

AUTHOR: andy - (United States of America)

POSTED: Tuesday, December 18, 2012
Another victim, Hard working americans getting it stuck to them and nothing seems to be done about it.BBB has done nothing to help me in my case with them.

     I had a guy call me last week that worked for this company last year and said he no longer works for them and is working in up state new york now and is working for another company and wants to help my business get funded no way.I payment go's into your account when ever they want to and take monies out and you call them they always have a good excuse why they took it.

    Just last week they took $94.00 out of my business account and I don't even bother calling them to fined out why anymore as they have excuses and they don't give it back anyways.And as far as the BBB they call me and want me to connect my business with them as far as i'm concerned their no better as they get $400.00 to $500.00 a year to have a plaque on your wall to say your affiliated with them and what do they do for you.Consumers see their symbol with a company and think it's alright to do business with them.Do your homework before you dive into anything and if you don't understand what your reading pay a few dollars and go see an attorney,it will save you in the long run.We need more people to speak up about this so called company and try to stop them from ruining anymore small business's from going into the hole and closing their doors. 

   And as far as this women having almost the same problem as me keep fighting them hold your head up and watch how you spend your monies as your going to need every dime you have,as they will be in and out of your account and you will not be able to stop them,and what ever you do don,t block them from getting into your account as thats breaching your contract and it will cost you $300.00 to $600.00.
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#6 Consumer Comment

Funding scam

AUTHOR: Gloria - (United States of America)

POSTED: Monday, December 17, 2012
I too have almost the same exact issue with this same company.  I was told almost the same exact things in order to get me to switch my processing company over to Merchant Funding Solutions processing company.  I am now (and have been for months) trying to recover monies that have been taken from my account and continue to be taken.  I have spoke with three different people from the company and am given the run around on a regular basis - am asked about my situation and told that they will contact me back and they never do.  My last contact effort was today 12-17-2012 I am hoping that if enough of these are filed that maybe someone can help and rectify the situation.  This is aweful to do to someone especially a brand new small business with NO capital to start with, so every bit of my finances are needed to keep my doors open and I don't know that my company will still be in existance in the upcoming year.  Any questions, comments or help you can contact me via email at gloria.chappell@gmail.com - please put RIPOFF in the subject line.  Maybe together we can stop this from happening to others.
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#5 UPDATE Employee


AUTHOR: truth shall prevail - (United States of America)

POSTED: Monday, June 18, 2012


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#4 Author of original report

To who ever sent this.

AUTHOR: andy - (United States of America)

POSTED: Monday, January 23, 2012
To whom ever sent this,most of my transactions were over $2000.00 and your info dont match the other 3 clowns.First off no one told me to call anyone to stop anything with my other processing company and was also told by tom and steven to change companys to get a lower rate so ipayment could collect there payments as i swipe credit cards and was also told by steven clarkens that i would be funded by jan and i was'ent.And i was not told to do 15 transactions amonth untill i was told by joe i was'ent going to be funded and whats the differance between 15 transactions to make $2000.00 or one to make $2000.00 and joe could not give me a answer on this.And you need to read all the paper work as steven clarkens signed papers for wells fargo and i called them and they told me they do not fund money this way i have had car loans from them in the past.And i also have taped every recording talking to every single one of these clowns so dont even try to protect this rip off company as you know everyone reads this stuff and they will not be calling yous for funding so thats why yous keep writting me and yes i turned you in to the bbb and their cking into this.Im so sorry if im trying to stop other hard working americans from being screwed over like i was.The only way i will stop posting is you get my contract broke with ipayment at no cost to me and i want everything in black and white and i'll put up a new post telling everyone you corrected the problem and also the bbb, and this stuff will stop but not untill.So keep writting and i'll keep bad mouthing this so called company were everyone sits in one big room like a circle jerk.  
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#3 UPDATE Employee

the requirements

AUTHOR: Mike - (United States of America)

POSTED: Friday, January 20, 2012
The standard requirements so get funded is to be doing over 2ooo.ooo in credit card sales monthly and over 15 transactions per month. All your processing rates for the most part were lowered, and it is your responsibility to cancel your previous processor. Again read what you have signed please.
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#2 Author of original report

whos this mike guy

AUTHOR: andy - (United States of America)

POSTED: Thursday, January 19, 2012
who's this mike guy anyways never even talked to a mike,my beef is i was told by steven clarken that he would see to it i got funded by the begining of jan 2012 and was'ent and was told by steven and tom to go with ipayment i did and got screwed.  don't beleave everything they tell you their scammers if they told me the sky was blue i would have to look outside to see and i do know now never to trust any one that you can't talk face to face with and can't speak good english.But the good thing is i went to my bank and got the funding i needed and they werent a** holes and crooks ethier.should have done this before.stay away from these ripp offs.  
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#1 Consumer Comment

Pay Attention

AUTHOR: Mike - (United States of America)

POSTED: Thursday, January 19, 2012
this individual was told of the requirements and did not meet them, therefore he was not eligible for funding, the company did it's best as always. The company is not miracle workers, they try there best. 
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