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Old May 18th, 2006, 08:27 AM   #9 (permalink)
AnginMJ
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Join Date: May 17th, 2005
Location: SK
Posts: 30
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I recently switched companies from Global to Cardex...due to the "great deal" Cardex was offering.

There are some major things you need to be aware of...

- minimum debit transaction fee per month
- card card transaction fee, along with discount which varies from 1.87 up to 2.5 per transaction
- purchase or lease terminal if leasing must provide insurance policy for discounted price in terminal
- month end statements, previously with Global (much more expensive) I received one statement with all transactions on it and discounts removed at the end of the month from my account
- month end statements with Cardex, three different statements, each day monies are deposited into my account with discount automatically removed. Reconciling month end due to this has become a NIGHTMARE!!
- start up fee varies from $50.00 to $100.00

Most financial services have a 3 to 5 year leasing term....that means no matter what you would have to buy out the remainder of your lease AND/OR pay a cancellation fee should you find their system is not working out for you.

I have read through the Costco stuff as I was thinking of going with them and chose Cardex....BIG MISTAKE....I wish I would have given Costco more thought.

Be very cautious and do not make this decision lightly...trust me it may haunt you for a very long time.

AnginMJ
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