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Encore Payment Systems Momentum Payment Systems, Prodigy Payment Systems Rips its merchants off by canceling accounts w/o notice, leaving merchants stuck w/ bad lease Addison, Texas
Encore Payment Systems furnished the
Merchant Application/ Merchant New Account Order Form/Merchant
Processing Agreement,which was necessary to receive the credit card
machine and to be able to accept credit cards & get them
processed by Encore Payment Systems. The whole point of the
transaction is to get credit cards processed & the money from the
transaction deposited into my bank account. In order to accomplish
that objective, it was necessary that Encore Payment Systems, acting
as ISO/MSP for HSBC Bank, USA, (referred to as Bank in the
agreement) deposit the funds from the transactions (referred to as
Sales Drafts) in the Merchant Application/ Merchant New Account Order
Form/Merchant Processing Agreement.
That Merchant Application/ Merchant New
Account Order Form/Merchant Processing Agreement
states that Bank will deposit all Sales
Drafts to the designated account. The very first time that
I had a customer ask to pay by credit card, when I tried to use the
credit card processing equipment, the transaction did not work. I
immediately called Encore Payment Systems' technical assistance
number and was informed that my account was deactivated
months before.
Without credit card processing
equipment, referred to as equipment in the lease document, it
is impossible to process credit cards and receive the funds from the
transaction. Encore Payment Systems, through its sales agent Bert
Chuck Mayo sold the credit card processing service to be
provided by Encore Payment Systems. Encore Payment Systems also
acted as Vendor of, and physically provided the credit card
machine, the Hypercom Optimum, Clear Advantage 4200, and according to
the lease, sold that piece of equipment to Lease Source, Inc.
2 Updates & Rebuttals
Melissa
USAHey Aaron
#3Consumer Comment
Thu, March 07, 2013
Next time you're trying to defend your employer, sign in under a different name if you're claiming to be a "consumer". Check it out people, he has responded (on the same date) as an employee of the company. Yep, makes me glad I deleted the messages a recruiter of your company sent me!
j8fer32
Kingsport,Tennessee,
United States of America
Aaron
#3Consumer Comment
Fri, January 25, 2013
How does that happen? You say months in advance you they canceled you? Have you not taken a credit card before that? I have had not problems out of them and if I have a problem I call the Customer Care 888-937-4098, try that number but as far as being terminated the guy down the road from me tried to commit fraud with his machine and was turned off.