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Innovative Merchant Solutions Complaint - Fraudulent Contract Practices

Review by elaine586 on 2006-09-30
Business Owners BEWARE of Innovative Merchant Solutions. They are a credit card processing company. They are owned by INTUIT. Beware! When you sign their contract there is a clause that states you are agreeing to everything in a Merchant Agreement book that is 47 pages long and can be changed at any time, but it is your responsibity to keep reading it on line, they do not even have to tell you they are changing it. On page 12 of said Merchant Agreement they have a $395.00 termination fee that they charge you when you terminate their services. Even if you keep their services for years and years. Nonending termination fee.
Comments:2 Replies - Latest reply on 2006-09-30
Posted by Anonymous on 2006-09-30:

Elaine586: Thanks for the warning about these guys. I think the credit card industry has gotten way out of control and it’s a shame our great and glorious government refuses to do there job and REGULATE! I guess they make to much money of these kinds of things to worry about the people they swore to protect.
Posted by Anonymous on 2006-09-30:
I have found Intuit to be pretty sleazy in any area they touch. If I see they are associated with something, I steer clear of it. I think this is a company we will be hearing more about, and it won't be pretty.

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