MBF Leasing Merchant Services Equipment Scam - AVOID THEM! New York, New York
MBF Leasing is purely a scam. I was conned into $134 a month for 4 years (over $6432) for a $300 machine, being told that the money I would save on my merchant charges would more than cover the $134/month, but I had to take the machine (which I have never used) to get the account.
I am over 2 years into the lease, but am paying them $2651 just to terminate the lease and have no further dealing with them. I have to return the equipment as well, after all this money they still own it!! I cannot understand how people can work for companies like this.
Anyway, I recommend everyone writes to the New York Attorney http://www.ag.ny.gov/resource_center/complaints/complaints.html and maybe if enough do, something will be done to shut this company down. Also worth adding to the BBB NY office list of complaints against them.