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Businiess name:
Merchant One Payment Svc
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Review by:
citysearch c.
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Review content:
Merchant One is misleading! I signed up with them two years ago, We did about $180K worth of business with them. However, shortly after beginning, we found they capped the transaction dollar amount on purchases, which hurt us dearly due to our high ticket sales. Also they raised our interest rate about 5 times during the year ""due to higher interchange rates"".... So the advertised rate didn't last long. Also their statement fees, yearly $99 account fee, and PCI and monthly fees were exhorbitant. They hold you hostage to a three year agreement, and if you cancel early, (which I just did) they say they charge you $25 a month for every month left on your contract. However, if this amount is less than $295 then they charge you the greater amount. So it has cost me $425 to get out of my account this year. DO NOT RECOMMEND!
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