Ladco Leasing
Reviews and Complaints
The worst customer service ever
What a waste of money for the last 3 years!
- Customer service
- No solution
Preferred solution: Stop charging my credit card.
Never Ending Lease STAY AWAY
- Non cancellable lease with outdated equipment
Preferred solution: Price reduction
Elavon and Ladco Leasing Predators!!
Elavon hooks you up with the lease agreement. They tell you that you can cancel at any time.
What they don't tell is that even if you cancel, you still have to pay on your lease. Steuben Trust Company, the bank who hooked me up with Evavon, was horrified to see what they had done to me. So far they haven't offered to help me out with the lease. I have two of their POS terminals.
If I return them, I will still owe $624.96 on one of them and $507.78 on the other. What a total rip off. I just signed up with another service. I purchased two of the identical terminals for $99.00 each.
I will check with my attorney but it doesn't look like I can get out of the lease. With what I have already paid on the lease, I will be paying $1475.74 for these two terminals and have nothing to show for it.
- Predatory leasing with partner ladco leasing
Preferred solution: Price reduction
Short Review on November&nbs-05:00;22,&nbs-05:00;2016
A TERRIBLE COMPANY TO DO BUSINESS WITH. AVOID AT ALL COSTS!
US BANK IS INVOLVED, BUT WON'T HELP
SIGNED UP FOR THE DEVISE THE SALES PERSON IN THE US BANK NEVER TOLD ME IT WAS A 48 MONTH LEASE. HE SAID SIGN RIGHT HERE AND YOUR DEVISE WOULD BE PAID IN 8 MONTHS.
WELL WE ALL KNOW WHAT HAPPEN NEXT BILLS FOR THE NEXT 48 MONTHS. YOU DO NOT OWN THE DEVISE IN 8 MONTHS WHAT A SCAM. THEY ALSO BILL ME 20.00 MONTH FOR INSURANCE WAVER, WHICH I NEVER GOT IN THE MAIL. I AM SORRY TO SAY US BANK YOU ARE INVOLVED EVEN IF YOU SAY YOUR NOT AND HAVE TO DEAL WITH LADCO.
LADCO TOLD ME THAT YOU CAN GET OUT OF THE LEASE IF YOU PAY IN FULL. I TOLD THEM $2,000 FOR THAT THING OF PLASTIC?
Ladco Leasing - Verifone Omni 5600 Credit Card Machine Review from Memphis, Tennessee
Please do not make the huge mistake of leasing a machine from LADCO or using elavon services. Today November 9,2015 I finally get to return my machine and end my lease after 4 years of paying 64.96 a month.
I have paid 3,118 to LADCO in total. This does not include the 100+ a month I was giving to elavon. I stopped using this machine after my 1st year when I realized it was a complete rip off. I was told I would pay 1 percent of my sales and no per transaction fee which was a lie.
Each month I was paying almost 20 percent of my merchant sales. It was cheaper to just stop using it and switch to square which I have no complaints. When I tried to get out my contract they told me I was stuck and the only way I could get out was to buy out the remainder of my lease.
The worst part is that the machine never worked properly. Within 1st year they switched my machine out twice.
Horrible Customer Service
- Customer service
Preferred solution: Full refund
Screwed by Ladco
Just had to pay 206 dollars to get out of the lease for equipment I used 3 times, the merchant service behind the machine was so corrupt I couldn't afford to use the machine. I noticed they started charging me more money every month, called them to find I was now paying an extra month to month fee.
To my surprise I never signed the 1 dollar buy-out, so I had to pay their 206 dollar buy-out fee. What a scam. I wish there was something somebody could do to stop this kinda stuff.
I paid 2300 plus dollars for a credit card machine I used 3 times, and would have returned the third month i had it. Hopefully nobody else gets stuck with Ladco, worst experience I've ever had in my small buiness.
Preferred solution: Full refund
Mathew Perry BIG TIME SCAM ARTIST
On February 26, 2013 Mathew Perry did the exact same scam to me but only worse. I specifically told him I didn't want to sign any type of lease for equipment because I knew it was 1000% less to out right buy a machine ( credit card terminal ).
Told me about all the money I would be saving and I was directed to say yes to everything I was asked on the phone conversation with the leasing company (Merrimac Leasing Co. ). That the payment would be reimbursed and that there was not a lease on equipment. They would reimburse the monthly fees.
What a line of BS I was fed by scam artist Mathew Perry. To this day 01/19/2016 it still makes my head hurt just to think what this *** did. I feel for his wife and family if this is the way he has to do business to feed them.
Unless of course they/she had already figured him out and left his sorry ***.
Preferred solution: Let the company propose a solution
Other Product Review
Ladco overcharges for it's equipment and doesn't update equipment
Preferred solution: Let the company propose a solution
Ladco Leasing
Worst Customer Service Ever
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Your review describes my experience to a "T"! Elavon sales rep said I could cancel at anytime and return the equipment and no more charges.
Yes, you can cancel the Elavon $20 monthly charge, but that is only half of the story. You cannot cancel the lease...even if you return the equipment.