COLLECTIVE POS |
| Canada, Québec |
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Consumer reviews about COLLECTIVE POS |
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acceptcards
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Dec 19, 2011
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WELL PLANED SCAM
I'm a sales rep for a merchant service provider (I won't say which one because I'm not here to sell). These scams are VERY common for these small white label companies. They will lure you in with low discount rates, but will have hidden monthly fees, setup fees, long contracts & lease contracts with big cancellation fees.
In Canada, you need to be very careful, and only stick with 4 companies. Moneris, Global Payments, TD Merchant Services, or Chase Payment Tech. All the other companies are smaller and will most likely even process through these companies.
You can tell if a merchant services provider is a "white label" company if they offer you lease & purchase options only. They want you to lease the terminal so that you'll be in a long contract with a leasing company. (usually 7 years)
What happens if the terminal breaks down? Odds are, if you leased the terminal, they will make you pay a fine to replace it.
Do yourself a favor, and stick with the big 4. Don't be fooled by low discount rates!
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yinz
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Feb 15, 2012
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WELL PLANED SCAM
NLS LEASING IN CANADA IS SAME AS MBF LEASIN IN NEW YORK. THEY ARE THE THIEF BEHIND COLLECTIVE POS
Class action lawsuit update:
The latest on the lawsuit against Northern Leasing Systems Inc.:
"The Court has held that only the first page of Northern Leasing's standard form lease was valid and enforceable, and the remaining three pages were invalid. That decision is now under appeal before the Appellate Division. "
http://www.northernleasingclassaction.com
The latest on the lawsuit against MBF Leasing LLC.:
Sara Wallace of ABC 7 News:
"For now, the class action lawsuit names Northern Leasing, but Chittur plans a separate suit on behalf of MBF clients like Kostas Gagasoules, who owns a small fur and storage salon on Long Island."
http://abclocal.go.com/wabc/story?section=news/investigators&id=6802369
There are a lot of details in the links I provided above. That is all for now.
Peace to all.
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Tmertz
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Mar 21, 2012
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WELL PLANED SCAM
Im an owner of a spa in Alberta, and yes POS Transactions also scammed me! All this info. was very useful. I ended up talking to the RCMA, my lawyer and Canadian Anti-Fraun Cerntre about them because I did send them 2 cheq. already. They informed me to write a letter back to POS Transactions stating that I want all invoices to stop and if they tried to cash the cheq the Canadian Anti-Fraud Centre and the RCMP will have a driect track record of who they are. So now we are waiting for whoever is in charge of POS Transactions to cash the cheq so they just the justice that they deserve!! Call Canadian Anti Fraud Certre is Ottawa also! 18884958501.
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