Consumer reviews and reports on scam companies, bad products and services
TSYS Merchant Solutions
TSYS Merchant Solutions First National Merchant Solutions Ripoff Company Columbus, Georgia
17th of Aug, 2011 by User407257
Beware the Ripoff in the fine print. TSYS, formerly First National Merchant Solution is a ripoff. We had been with them since 1994. We got far lower credit card processing rates with another company so we called to cancel the service. So what do we get, a $200.00 "early termination fee". Why, because our "contract" expires in February 2012, interesting. Oh, we are told that it automatically renews each year unless we advise them in writing 30 days in advance or the renewal date. Thanks for nothing. Our advice is do not use TSYS as your merchant processing company, as they will rip you off any way they can.
Comments
3208 days ago by Austin-M
User407257 -

It is not uncommon for a merchant processing company to have terminations fees. I’ve seen them as high as $500. I recommend that everyone read the fees very carefully on their contract, terms and conditions. Most all of these rates can be negotiated, especially if they want your business. Before you switch your services ask your current company for a rate review, this will signal to them that you are looking and they might lose you. If you are looking to switch, ask the new company if they will pay your termination fees – if they really want you, they will.
3046 days ago by [email protected]
TSYS Merchant Solutions is a company aimed to rip off store owners with fraud in every deal. I have worked for 4 retail stores total that were all once processing with them and are now paying half what they were without any worry or hassle. Beware of TSYS Merchant Solutions.

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