I fell for their scam in July 2013. They charged me $500 to file in Virginia so that I could be a credit card processor. Then $2,000 to buy leads. To date, I haven't received a dime. According to them, they owe me $300+, but changed their procedures about paying out.
In February, they said there has to be $1000 owed before they pay. Now Madison at 866-568-6268 says her company no longer provides customer service for Merchant Services 123 as of 4/1/2014 because Merchant Services did not pay their bills.
888-798-0891 was the other number associated with this bunch of crooks. Calling that number gets a recording 'we are unable to complete your request' for whatever that means.
Other names and numbers: Peter Goldman 602-602-6000; 202-643-0518; 888-612-5033; Tom Baker 602-475-1139. I spoke with Tom Baker and he said he is no longer affiliated with Merchant Services 123.
Commissions were supposed to be $500 for sign-up for merchant services with contracts lasting 5 years. Commissions on transaction fees to be paid monthly after a merchant signs the contracts. Cash advances were to be paid 2% on loans $50K to $500K.