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Report: #876497

Complaint Review: Priority Payment Systems - Alpharetta Georgia

  • Submitted:
  • Updated:
  • Reported By: ripped off — Georgia United States of America
  • Priority Payment Systems Alpharetta, Georgia United States of America

Priority Payment Systems, Phil Beniamino, Cost Plus lease, yearly rates, never returns call, credit card processing Alpharetta, Georgia

*UPDATE EX-employee responds: CPP, LLC one of best in the business

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Ex Vice President of Merchant Lynx Services is now one of the top ISO's (cost plus llc) for Priority Payment Systems credit card processing company in GA. This snake needs to be stopped right away. He will lure in with a low rate and what you don't realize, your rate will increase slowing over the next months. You have signed a 3 year contract, yearly fee of $129.99 and an annual PCI compliance fee.

This is how this man makes his money and will ruin the Priority business name. There is a reason why he is no longer with Merchant Lynx. If he could only be honest and stay honest. Please stay away from him and do not, I repeat do not sign with Cost Plus, Phil or any of his reps.

This report was posted on Ripoff Report on 05/01/2012 08:08 AM and is a permanent record located here: https://www.ripoffreport.com/reports/priority-payment-systems/alpharetta-georgia-30022/priority-payment-systems-phil-beniamino-cost-plus-lease-yearly-rates-never-returns-cal-876497. 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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#1 UPDATE EX-employee responds

CPP, LLC one of best in the business

AUTHOR: RickW - ()

POSTED: Saturday, February 08, 2014

To all who choose to read;

I am a former representative with Cost Plus and know Phil Beniamino very well.  He is the most honest, passionate, hard working, reputable guy in the payment processing business that I know...and I know more than a few.  To disparage his character, the character of his company, and the mean by which he serves others is liable in my opinion.

Most business owners use credit card processing as a necessary evil...kinda like a bowel screening when you're 45 or older!!  This has been the feeling of so many because of the many disreputable companies that exist in that market.  Phil started with those guys, and left to start something that was better.

What Phil and Cost Plus Processing does is explain the exact costs of the cards, how much CCP will make, and estimate the savings of each customer based on previous years.  I HAVE NEVER SEEN ANOTHER PROCESSING COMPANY YET HAVE LOWER COSTS FOR SMALL TO MID SIZE BUSINESSES THAN CPP, LLC.....PERIOD!!    They beat everybody, hands down.  They even can compete with the providers for S&P 500 companies.

While the person complaining may not like the $129 annual fee, compliance fee (mandated), the cost of the lease, unreturned phone calls (I doubt it seriously), the monthly savings and annual savings achieved by using CPP has probably been forgotten.  Most processors show you a TIERED system where individual card charges are all rolled into one rate.  What CPP does is charge you the CARD RATE, plus .25%....yes, .25% which equal 25 cents on $100 of business transacted!!  Now, who out there can operate a business on that spread!!!

How do they make money??  They do make money on the leases but...their customers NEVER(or rarely) LEAVE!!!  I sold serveral clients a system that saved them $400-800/month....but they still bitched about the $59/$69/$79/mo. lease!!!  Tripping on pennies over dollars!!   That is just the human experience.  But their previous provider offered FREE equipment, but chardged $300-700 more per month.

Now, tell me who is winning??!!  What's the real cost??

Of all the thousands of Cost Plus clients who are saving hundreds and thousands of dollars each year, one or two may get upset and post here.  But the truth is, you could not go wrong using Phil and his team to help you save money on your business.

Rick W....former highly trained rep with CPP.

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