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  • Report:  #1178685

Complaint Review: Ladco

Ladco, Elevaon, Virtual Merchant Ripoff, Overcharge, Do not use for credit card processing Nationwide

  • Reported By:
    loganjj11 — Cedar Rapids Iowa
  • Submitted:
    Tue, September 23, 2014
  • Updated:
    Tue, September 23, 2014

I started a small business and my bank US Bank told me they had the best credit card rates and set me up with my equipment.  I didn't know I was no longer dealing with the bank but 2 other companies, Ladco and Elavon.  Ladco charged me over $2000 for equipment that costs $50 to buy.  Also they charged me fees over $150 again for this $50 piece of equipment that costs $50.  You don't get reciepts so you have no idea.  If you bank wants you to use them get a new bank, Ladco, and Elavon are crooks and take advantage of small business owners.

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