- Report: #1166199
Complaint Review: Payment Systems Corp - Michigan
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Merchant Advocate Helping merchants survive -
Michigan,
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Payment Systems Corp
Michigan, USA
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Payment Systems Corp Sofia Rosenbaum Micheal Ponzi Financial Fraud.... Could face years in prison for what they are doing Michigan
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I am writing to explain what happened to a merchant of mine in Michigan. He processed around 60-70k a month, and our company had him priced at interchange plus 10 basis points with a .05 cent swipe fee and his effective rate (overall cost) of 1.6-1.7% every month. When I received the cancellation letter from the merchant, I immediately knew he didnt change to save a few dollars, so I called to find out why he would of switched.
He said he had a "Sofia" from "Payment Systems Corp" came in to one of my merchants businesses and told him he would be saving around 200$-300$ a month by processing with them at her rate of 1% on all credit cards with 0% on debit cards plus 99$ per month for a lease that was month to month (turns out it is non cancel-able) for a terminal that cost a few hundred dollars. Now the merchant is paying a much higher rate of interchange plus 100 basis points vs interchange plus 10 basis points where we had him priced at first. This is clear fraud that can be proven and I will go to whatever lengths to make sure we put a stop to this. I work hard to save business owners money and lower there cost, and when I find out a crook is on the street ripping them off blindly, I have to do something.
This is financial Fraud and there are literally 1000's of complaints online on PAYMENT SYSTEMS CORP, all claiming the same exact thing FRAUD. I dont know how they can go around breaking the law without people trying to get justice. I'm helping the merchant fight this case and filing a small claims suite against the sales rep \and her manager. When I called Sofia, she did not answer, and when I called Micheal Ponzi he answered and told me she doesn't really work for the company anymore and to call corporate, they have a special department that deals with all the Fraud and legal problems. The way Micheal made it sound, was like this is nothing new to him and jump in line of other people that got screwed.
File your case with the FTC, Attorney Generals Office, BBB(even though thats a waste of time) and a small claims suite against the agent. Thats one way to see there face again and get back what is owed to you.
1 Updates & Rebuttals
Leslie
Bel Air,Maryland,
Let's file a class action lawsuit
#2General Comment
Thu, November 06, 2014
I have went through the same thing with this company and I am ready to file a class action lawsuit against this company.
I need help in do this so please someone anyone who is with me.
Thanks, Leslie
