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Report: #1187933

Complaint Review: Red Payment / Imperial Merchant - New York New York

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  • Reported By: I got screwed — NYC New York
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  • Red Payment / Imperial Merchant New York, New York USA

Red Payment / Imperial Merchant 132 w 36 St Great story, all b.s. New York New York

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Great Company, Right? WRONG!!!!!!    8887338188 Red Payments / Imperial Merchants . Wow… I was told I would have great rate. They lied. To begin, I was given what looked like great rates and equipment. Very quickly the rates changed and I was paying over 5% plus all sorts of monthly fees which cost me thousand. To make things worse, the $200 credit card terminal I received was actualy a lease of almost $50 per month for 4 years, THAT’S ALMOST $2500 for a credit card machine. After many unsuccessful attempts and broken promises I finally decided to move my account to a more reputable merchant service provider ( if one exists) only then did I learn of the ETF also known as the Early Termination Fee of several thousand dollars for lost opportunity. Absurd!!! I have been accepting credit cards for 15 years never have I been screed as I have with Red Payments/ Imperial Merchants. Cheats, Liars, Scam Artists and lowlifes. I later learned I am not an insulated incident, just one of many. Before I learned of the true nature of this criminal enterprise, I was contacted by the company finance department and offered for king capital, I needed the money. I was pre-approved and was going to repay the loan with 23% interest. Insane but I took it. What happened was the interest was not interest but it was the payback amount from sales. The true interest was an astounding 45% per 5 months. AMAZING!!!!!!!!!!!!!!!

 

I know the hardship in owning a business and understand how service providers need to also make money. This is not making money. This is flat out highway robbery!

 

I have been contacted by former employees honest enough to leave whom asked me to change providers and they gave me more dirt. All I can say is BUYER BEWARE.

This report was posted on Ripoff Report on 11/10/2014 10:58 AM and is a permanent record located here: https://www.ripoffreport.com/reports/red-payment-imperial-merchant/new-york-new-york/red-payment-imperial-merchant-132-w-36-st-great-story-all-bs-new-york-new-york-1187933. 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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