I'm fighting with them, too! Total scam perpetuated by Wells Fargo who says, once the contract is signed, there is nothing they can do because First Data is a separate company. My first business, green, had been dealing with Wells Fargo for years and trusted them. No, instead I got bamboozled into signing this 200 page lease full of legalese, and since the recession and lack of sales, I had to close business. Called to cancel lease and return equipment and was told not possible, noncancellable, and not only that, if I close my account, they'll take the funds from other accounts I have at Wells Fargo...personal account or company credit cards. Can't reach any manager, and have gotten caught in a real circle jerk! Wells Fargo has many options to lease or rent this equipment, but at the time I spoke to them about obtaining a cc swiper, they only offered me 3 options that they "determined were best for my business". Ha! Best for THEIR business! 3yr lease, 4 year lease or buy the equip outright. Come to find out after calling to cancel lease and return equip, they have an option for a month to month rental. Why wasn't I offered that???? It's a scam and Wells Fargo is totally complicit. There has got to be some kind of something in these leases that must be illegal. WHO OUT THERE WHO HAVE BEEN RIPPED OFF AND STONEWALLED BY THIS LEASING COMPANY FROM HELL WOULD LIKE TO FILE A CLASS ACTION SUIT? CONTACT ME...LET'S ORGANIZE! [email protected]

I too Have been caught in this trap
A very personable lady representing Merchant Lynx Services insisted that using MLnxSer would lower our processing costs. They (MLnxSER) have literally raped us with all sorts of add on fees from a compliance fee to the FDGL monthly fees.
Long Story Short due to ecomomy, we closed the business. I was told that there were early termination fees from both FDGL as well as MLnxSer. I was able to negotiate a lesser fee with MLnxSer but FDGL insisted that I would still have to make the monthly leasing payments for the now unused POS terminal equipment.($36.33 mos.)for the balance of the contracr weith MLnxSer. To add insult to injury, FDGL snt me a bill for taxes on the equipment! The lease amount is drafted monthly from my account at Wells Fargo. When I contacted Wells Fargo to stop this auto debit they said that it was in the 'contract'. I feel that MLnxSer, FDGL and Wells Fargo are mutually complicit in this rip off. I would like to participate in a comprehensive class action suit aginst these three entities.

Kenneth Styskal (formally) d/b/a M&S TV & Appliance
[email protected]