Corefinpayments LIES AND POOR SERVICE Olathe Kansas
Here is the problem with this “waiving” phenomenon.
1. Reps are waiving processing terms and fees on the merchant application, not on the actual legal agreement. In fact, pay close attention to see if you are actually reading the legal agreement at all. You may just be looking at a “Highlights of Terms and Conditions" not the actual Merchant Processing Agreement. These highlights "look" legal but be careful.
2. When examining the fine print of the full legal merchant agreement, in addition to looking for contract term and cancellation fee notices, you will want to find key language like: “amendments” – no provision of this agreement may be waived, amended, or modified except in writing signed by an officer. Sales reps do not have the authority to waive contract terms.
By signing most applications, you are agreeing to terms you have not seen. Simply processing a single transaction can also obligate you to terms you may not know exist. Just know this, MasterCard and Visa have Terms and Conditions and you can't accept cards without agreeing to them, so please avoid those who try to hide the contract terms from you.
Don't be blinded by “acquisition style pricing” to the point you forget about the difference between the application and terms. Be cautious when you spot "say anything, do anything" salesmanship.
When you spot questionable merchant acquisition business models in your market, sound the horns and warn your neighbors and friends.