188 inquiries | Merchant Credit Card Processing Services
(909) 481-2400
http://www.diamondcard.net
Company Rating
AAA
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BCA's Summary and Analysis:
We have received no complaints against this company.
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Company Info
This company's business is offering merchant credit card processing services and recruits independent sales contractors to sell its programs.
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Licensing
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Our experience with some seller-assisted marketing plans is that claims about the plans’ income potential the opportunity to work from your home--part time if you wish--and the ability to realize success with little or no experience are unfounded. ~~Complaints about these types of plans allege that the promised assistance was not provided at least to the extent represented and that the product or service quality or marketability was misrepresented.~~California law requires SAMP offerings to provide certain disclosures early in the process of the sale including exactly what the seller will do for you any training required and promised by the seller payment information etc. If the seller made any statements to you about earnings potential he/she is required to provide you data substantiating such claims when they are made or soon after if they were made by mail or telephone. If such representations were made the disclosure statement must include a statement that no guarantee of earnings or ranges of earnings can be made.~~Other information such as whether the seller or others connected with the company have ever been convicted of a felony or misdemeanor or filed bankruptcy must be provided at least 48 hours before you execute the contract or pay anything but this information may be combined in the disclosure sheet.~~If the seller represents either orally or in writing that a “buy-back†arrangement exists or that your initial payment is protected from loss or “secured †those arrangements must be fully disclosed and explained. If the seller makes such representations he/she must obtain a bond or deposit money into a trust account and include information about it in the information or disclosures you are to receive. And if you must pay more than 20% of the cost as an initial payment prior to delivery the contract should reflect an established escrow account. ~~You have the right to cancel a SAMP contract for any reason within three business days of the date you and the seller sign the contract and your contract must give you full information about how to cancel. You may also void your contract within one-year from the contract date if for example the seller uses any misleading statements does not provide the required disclosures or if the company’s contract does not comply with legal requirements. ~~The law does not allow you to waive any of the rights this law allows you even if you should actually sign a waiver of them.~~We recommend that you evaluate any SAMP offer carefully. Read your contract very carefully before signing since verbal and even written representations may be made in person or in other documents that are not included in the contract. Use particular caution in accepting earnings claims or potential at face value.
We know of no other matter or practice relating to this company that may assist you in your consideration of this company.
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