Consumer reviews and reports on scam companies, bad products and services
PFC Payment Solutions
PFC Payment Solutions Tony Runestad Senior Account Executive Fraud, Bad Leases, Mis Representation of Processing Greeley, Colorado
6th of Apr, 2011 by User258381
I should have listened to the reports I read when I signed up, but the salesman said they had all been taken care of. We started processing with PFC and since we were a new company they required a $22,000 deposit put on hold. They assured me that the money would be released if I processed cleanly for one year. I requested my money back last August, and they not only refused to release it, when I stopped processing and went with another company, they held more money. I have been trying to get the money released for over 8 months now.
In addition, their lease terms are really outrageous. A credit card machine retails for about $900. My lease is $330/month for 3 machines for 5 years. The fine print shows no service or insurance which I was told there was, and after I pay almost $15,000 for 3 machines I don't own them and need to send them back. I checked the terms before I signed and they assured me that this was not the case but now, I pay the lease and don't process with them and can't use the machines with any other processor.

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