Central Payment Corporation review: Scam business account 5

This is a legitimate company. Do your own research, do not trust disgruntled employees and frustrated competitors. Do you think the BBB would give Central Payment Corporation an A rating and list them as an accredited business if any of these accusations were true? I stand by this company 100%.

Although Closed Shop never made any specific facts I strongly agree with him. We just finished an audit on our account with same Central Payment Corporation from San Rafeal, CA. The investigation revealed fraud, wirefraud, mail fraud, bank fraud and other possible crimes, if they do not reimburse the amounts that we found not valid. The strange thing is we know another company who signed up at the same time in 2007 and they are just beginning to find the same results on their preliminary investigation. They overcharged the very first month over $100.00 on one transaction and forged my name on one document stating I was in receipt of 9 page Merchant Agreement Contract. We figured this out when they started threatening use over the phone then they quote this unknown contract in there cancellation letter demanding more money and the return of there machine worth they say is $695.00. We just bought our own machine to replace the very same model, on ebay for $39.95. We also called the other known merchant using CPC and they aknowledged the same thing they never had a copy of their 9 page contract either. We stopped using them the first month. First there discount rate of percentage on our paper did not match what we are charged second with all fees combined it did not save us money as they sold us to make us convert to their company. Third they forged my name under the statement I had recieved other contract papers they did not give me. And fourth they continued to remove moneys from my account and after 3 1/2 years threaten to take more and return a machine that is grossly overpriced. thre should be a class action against this company.

I don't know anything about this company except what I am reading here on this site. But from what I read on this site, it seems that while they are not an outright "scam" as some have said, they indeed do have quite a few seemingly legitimate complaints.

While the BBB has rated them an A, that A does include some 90+ complaints - that they have resolved.

It seems that the complaint above sounds pretty legit and it is this type of complaint that makes me wary of getting involved with this company; that plus the problem one of the company's principles had with another company in which the government had to intercede to resolve consumer complaints.

Overall, while this company may not be a "scam", and I agree that many of the complaints are indeed seemingly from disgruntled salespeople who did not make the $ they were hoping to make, nevertheless there seems to be a bit too much to be wary about, with this company, Central Payment Corporation. I think I will look for another company to do business with.

An A rating from the BBB means nothing. You can buy them by paying a membership fee the Owners have been convicted of fraud by the FTC and had to pay back 180, 000.00 dollars and if they lied about net worth would have a windfall fine of 16 million dollars. They also owned another credit card processing company called Card Payment Solutions which they had to sell because of a fraud investigation. The investigation was head up by FBI because merchants found out they had up to three accounts that they where getting fees taken out of. Signatures and contracts where forged by the staff there. The owners knew it and turned a blind eye till they got caught. Had to sell to I payment who is a minor investor in the new company. Who if you look up on the BBB sight has and F because of all the complaints and fraud complaints as well. The owner has another company he likes to use to hide agents who have clients with cardpayment that he wants to steal or move over so I payment does not know this is happening. Seems a little fraud like to hide with different processing company so you can make money and cheat the same company that is your business partner. But this seems to be his sop when he does business. Steal and cheat from as many people as he and his brother can and think they can get away with it. If you want to look up the Case that the FTC has against him google Zach Hyman and you will see the case and all the issues.

I am a stylist in the Los Angeles area. Some rep came out from Long Beach and signed up my whole salon to CPAY and paid us for it too, I don't know how he did it but who cares, I got my money and I am paying much less in fees than friends who swear on Square. He gave me extra money for spreading the word and lived up to his promise! Five stars for this fool! I love my device though, my friend broke his little Square already cause it freaking delicate, lol! Mine has been dropped and still survives! I showed him what I was saving cause he did not believe me. Now he wants to sign up but I cant find the card the money dude gave me and I am kicking myself because he told me he would pay me for a reference that signed up and I already made money on him but could make more if I can find the card he left a couple months ago and let him know my friends are interested after showing them my statement. If you see him, he wears nice ties and I know his name starts with a B, mabey Burt, Berry, or Brad... I did not really care at the time. If you see him, please message me with his card info so I can make more money because he already gave me money and said he would again for future references I get to sign, now I have 15 friends that are interested and I can't find his card. B is a kool dude, I should have held on to his card. He checked up on me three weeks ago and gave me another card but I lost that too. If you know who he is, please message me with his info. I think he is from Long Beach.