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.
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