Complaint Review: North American Bancard - Troy Michigan
North American Bancard deceptive contract; questionable sales tactics Troy, Michigan
*UPDATE Employee: Company Response
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Fast forward to August 2010--the company closed both of their locations and the contract was canceled. End of story since hey, even reading the "contract terms" that showed up AFTER I signed the contract it didn't show that anything would be due beyond the 5.00 per month fee for the remainder of the contract. Okay, 150 bucks for the two locations, I supposed I can bite the bullet and pay it. Didn't hear a word from them and figured it was done.
Now, today, 11-15-11, over a YEAR later with zero contact from them, I'm getting a collections notice from an agency trying to collect $464.95 PER location for cancellation fees. What fees? Even in the crappy contract they sent me after the fact, no where does it stipulate any fees other than what would have been monthly fees for the duration of the contract term, which, according to the paperwork the salesman sent me, is $5 per month, per location. I'll cop to them being owed $150.00 since I was stupid enough to sign the contract but I will not pay fees that aren't stipulated and that are now being pulled out of thin air.
I have learned a valuable lesson in all this---no long term credit card processing contracts. Ever.
This report was posted on Ripoff Report on 11/15/2011 08:47 AM and is a permanent record located here: https://www.ripoffreport.com/reports/north-american-bancard/troy-michigan-48083/north-american-bancard-deceptive-contract-questionable-sales-tactics-troy-michigan-798177. 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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