Northern Leasing Systems Inc. New York New York Velocity Merchant services (VMS) Debit Machine Lease Agreetment Scam New York,, New York
Velocity Merchant Services contact me and offer their Credit card Processing Services. I ask for all information to be send by mail. A day later they call me saying that the rates for debit machines were lower and that I should sign up right a way. They fax me all the information. I told the Agent that it was hard to read, but he offer to explain everything to me over the phone. When it came to the debit machine, I requested the basic since I wanted to purchase not RENT!!. The agent offer me the lease to own option at anytime applying any previous payments for a newer model machine. I asked the agent at different occasions that if I decided to purchase the machine like in 3 or 6 months if they will apply the rent payments to the purchase and he assured that I could.
3 months later I contacted Northern Leasing Systems to purchase the machine after finding out they were changing me for property tax, processing filing fees, and other hidden fees. Northern Leasing Systems said I could only purchase after my 4 YEAR Lease agreement was over and they will only apply a % on to the purchase. I wanted to cancel the services and contract that, the agent said that I will have to pay $1645.37 to buy out my contract and I will have to return the machine. I ask how much will it be to purchase the debit machine and she said $1345.00. A debit machine doesn't cost that much. I can get the same machine (Omni 3730) for less that $200. After doing research on this company it seeams that they RIPOFF their customers this way.