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  • Report:  #1302512

Complaint Review: Payment Systems Corp

Payment Systems Corp MPRSC Took About $7000 from my account for doing nothing, equip. Was returned they never process any transactions. Los Angeles California

  • Reported By:
    Johnnie — Pasadena California USA
  • Submitted:
    Fri, April 29, 2016
  • Updated:
    Fri, April 29, 2016

We owned a small family owned restaurant in Burbank Ca..we used Harbortouch for our credit card processing. We received a visit from the represenative of Payment Systems Corp..The represenative wanted to sign us up for credit card processing. Said I could review the lease but he could not print it out because he did not have a printer. Said I could review the lease on his tablet/laptop & he would return tomorrow with the paper copy to review & sign if we wanted to change. he went through the lease agreement on the computer & I initial the pages.

He said I have three days to cancel the contract anyway but he would come by tomorro. I did some research on the company that night & did not like the findings. I called the represenative the following day & got no response. I called the following day & still got no response. The following day I sent the represanitive an email saying we would stay with our current processor & not go with their firm. I went to the bank to inform them about the company & that they could possible try & take funds from our account. They advised me co Change the account number rather than close the account.

i thought everything was taken care of. Being a small family owned business we were working 12 hrs per day six days a week  so I wasn't my bank statement. I realized when I was doing my income taxes the absorbent amount I was paying for processing fees. They were taking out ($116.43 for equipment lease & $193.90 for processing fees). We sold the business in August of 2015 & they continued to take funds out.  

I called the company in New York & they email me a copy of the lease with my signature. I do not remember signing the form and the signature looks nothing like my signature. upon receiving the lease I also noticed that they had the old account number. I don't know how they got our new account number I am assuming my bank gave it to them.

They must have a tremendous profit margin near 100 percent. I can't afford to spend more for an attorney & extend my lost, I am sure as most small business owners wouldn't have the funds for attorney fees.  

If there is a class action suit please count me in.

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