It’s a sad fact: a few bad apples can spoil the bunch. Unfortunately, too many small business owners in the northeast are now having to deal with the repercussions of a couple of bad actors in the credit card processing space.
Many small businesses don’t have the capital to invest in the purchase of state-of-the-art credit card readers. An option that many credit card processing companies offer is to lease the equipment rather than to purchase it. This allows the small business owner to accept credit and debit card payments, the payment method that is the most preferred by today’s consumer.
The Attorney General’s office for the state of Connecticut is investigating a couple of smaller firms based out of New Jersey who, it early appears, are charging many of their clients costs and fees far exceeding the agreed upon rate for leasing the equipment. Lease Finance Group and Northern Leasing Systems have been accused of extracting funds from the bank accounts of clients after promising monthly equipment leasing rates as low as $50. Once the equipment is in the establishment and accepting credit card payments, these two companies have taken extra hundreds and even thousands of dollars from the businesses they claimed they could save money.
This is why it is important to work with well established companies like First Data. First Data® credit card processing complaints are among the lowest in the industry. That is because whenever an issue is encountered, our 24/7 staff of credit professionals is always available to help you resolve the issue immediately. First Data offers numerous cost-effective purchase and lease options on the credit card processing equipment you need to effectively operate your business. Call or contact First Data® today and see how easy and stress free it can be to process your customer’s credit and debit card transactions when you work with a trusted name in the credit card processing industry.