Ascentium Capital

Very Unprofessional

I had no clue of what Ascentium Capital does whatsoever. So I’ve been helping my mom out with her new business, as I was going through her business bank statement, I came across this company’s name and it was taking money out of the account.

My mom had no clue of why she and her partners have been paying 45-60$ monthly so I decided to call them to find out.

I didn’t get any luck on my first try so I decided to email them, I explained the situation and asking them to provide me with a number that someone actually answers to and here’s what they wrote me after 4 days of waiting:

Thank you for contacting Ascentium Capital LLC. If you need anything else or have additional questions, please don’t hesitate to let us know.

You may also use our secure web portal, Account Butler, to access information and manage your account on line.

WTH is this? They didn’t answer anything that I was asking or anything at all.

I’ve wasted so much time on this fishy company, it makes me feel very sketchy and confused the whole time.

Don’t interact with this company, it’s very unprofessional and questionable! Be aware!

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Ascentium Capital reviews are no way affiliated with yelp & reddit. Their business is located at 23970 US-59, Kingwood, TX 77339, USA. Ascentium Capital could be contacted by dialing (866) 722-8500 or logging on their website ascentiumcapital.com. Ascentium Capital business page on Dirty Scam received 25 consumers reviews/complaints, page views and 3625$ of monetary losses. The most of the users reported the severity of the scam is Medium.
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25 reviews on Ascentium Capital

  1. I did not sign a lease agreement with them

    I did not sign a lease agreement with them. Direct Processors tricked me into signing a lease with FDGL. The Font was too small to read. The agent said this only agreeing to processing with First Data and the equipment was Free to use as long as I processed credit cards with them.

    My bank account was charged for the lease TWO months after signing. Then I called to cancel. They said it was TOO late. That the lease is “non-cancellable”. Now debt collectors are sending threatening email, letters, and phone calls.

    NEVER AGREE TO CREDIT CARD PROCESSING THROUGH DIRECT PROCESSORS OR FIRST DATA. THEY ARE LIARS AND CROOKS!

  2. I do believe they all work for him.

    If I didn’t have to pick a star I wouldn’t, this company is by far the worst company I’ve ever dealt with, they are a bunch of scammers, ready every single line before thinking of getting a contract with them, don’t put a down payment down because they will use that against you and make you pay back the down payment you gave them.

    These guys should not be doing business, but if you are ready to sign you life to the devil this is the company for you…as I do believe they all work for him.

  3. I am so mad right now at this company.

    I am so mad right now at this company. I called for a payoff after 5 monthly payments totalling $850 on a $6700 loan, and they said it would be $8500 dollars to pay off????? This is a criminal amount. That cant be right. They told me there was no pre payment penalty! They lied completely.

  4. I am so mad right now at this company.

    I am so mad right now at this company. I called for a payoff after 5 monthly payments totalling $850 on a $6700 loan, and they said it would be $8500 dollars to pay off?????

    This is a criminal amount. That cant be right. They told me there was no pre payment penalty! They lied completely.

  5. I would not do any business with this company.

    I would not do any business with this company. They enable scams but then claim legally there is nothing they can do. We are a small business who needed 1 credit card terminal. Our new credit card merchant rep Allison Kiefer setup a 4 year contract for $500 for 8 pieces of equipment. We only need 1. Allison took my digital signature and put it on a lease I never saw or signed.

    They played the audio recording of the conversation I had with Ascentium capital and you can hear me say twice that I only need 1 terminal even though Allison ordered 8. Allison set us up with 8 because Ascentium capital pays the credit card processing rep the full (yes FULL) amount of the lease minus their commission.

  6. Never do business with this company.

    So, she made about $17,000 on me up front. So, even if I return all 8 pieces of equipment they are telling me I owe them $21,120! Once I realized what happened I started contacting these companies, reported the fraud to the police and have filed complaints with the FTC and AZ attorney generals office. This is a true scam and this company knows it but they aren’t going to cut their right arm off.

    This is how they make all the money. Of course from their standpoint this is a legal problem with my credit card rep Allison but they know about other complaints and they know what is going on but they choose to close their eyes.

    They’re enabling the scam and they are making a huge sum of money from each sucker. So, be aware. Never do business with this company.

  7. Never Again

    I would not do any business with this company. They enable scams but then claim legally there is nothing they can do. We are a small business who needed 1 credit card terminal. Our new credit card merchant rep Allison Kiefer setup a 4 year contract for $500 for 8 pieces of equipment. We only need 1.

    Allison took my digital signature and put it on a lease I never saw or signed. They played the audio recording of the conversation I had with Ascentium capital and you can hear me say twice that I only need 1 terminal even though Allison ordered 8. Allison set us up with 8 because Ascentium capital pays the credit card processing rep the full (yes FULL) amount of the lease minus their commission.

    So, she made about $17,000 on me up front. So, even if I return all 8 pieces of equipment they are telling me I owe them $21,120! Once I realized what happened I started contacting these companies, reported the fraud to the police and have filed complaints with the FTC and AZ attorney generals office.

  8. Never do business with this company.

    This is a true scam and this company knows it but they aren’t going to cut their right arm off. This is how they make all the money. Of course from their standpoint this is a legal problem with my credit card rep Allison but they know about other complaints and they know what is going on but they choose to close their eyes.

    They’re enabling the scam and they are making a huge sum of money from each sucker. So, be aware. Never do business with this company. Look at all the complaints not only on Yelp but on other sites as well.

  9. very dishonest person.

    I Opened a month to month merchant account with Trans Via well my machine broke so Rep said you can lease one and pay a monthly fee when & If you leave us you can just send the machine back and because it’s a write-off I Agreed,6 months later I have left my merchant because they are overcharging me and I switch companies.

    I sent the machine back to the merchant and Ascentium Capitol continues to call me saying I’m in a contract I have expressed I returned the machine and I never signed a contract. They are scamming people with the help of merchants $4,800.00 for a $ 300.00 Dollar CC processing machine.

    They have been sending my full Social Security number to me in Unsecured emails and if they don’t stop doing so I will contact proper authorities. I had never before spoken​ to anyone at their company so I’m​ assuming they got it from the merchant.

  10. Never again will I trust another processing company.

    This company will not work with you when you don’t need your termina anymore. They said I owed $1,660 to close the account? I said I will return it back to you no problem because I closed my business and they still wouldn’t budge.

    I talked to the manager and the best he would do is let me pay $1,060 to close the acdoint. What? This was the biggest mistake to sign up with the POYNT credit card processing company becakse ascentium capital was the one who you deal with for the lease of the terminal.

    Never again will I trust another processing company. I will stick with square. No contracts. And the best rate.

  11. SCAM BUSINESS!!!

    SCAM BUSINESS!!! These people shouldn’t be aloud to conduct business this way.. BE AWARE AND STAY AWAY!!!!!

  12. Really wished we would have not borrowed from them!!

    Completely deceitful and will not answer any questions or provide any detail. Really wished we would have not borrowed from them!!

  13. SCAM BUSINESS!

    SCAM BUSINESS!!! These people shouldn’t be aloud to conduct business this way.. BE AWARE AND STAY AWAY!!!!!

  14. Really wished we would have not borrowed from them!!

    Completely deceitful and will not answer any questions or provide any detail. Really wished we would have not borrowed from them!!

  15. I would echo many of the things others are saying.

    I would echo many of the things others are saying. They run your credit without your permission – which should have sent me running. They pre-load all the interest on your account so that even if you pay off the loan early you still have to pay the full amount of interest (the details are buried in the contract.

    They charge you for equipment insurance even if you already have a business owners policy, promise to refund you but then keep charging. Good luck trying to get someone from the company to help you.

    You don’t receive any kind of statements to track your principal and interest. I’ve lease-purchased equipment from a number of different companies and this has definitely been the worst experience – ever.

  16. If I have anything to do with it, this is what is going to happen.

    DO NOT DO BUSINESS WITH THESE PEOPLE, I STRONGLY ADVISE AGAINST IT. I wish I could give them negative stars. I acquired a small business last year that was using equipment leased by this company. The equipment was outdated and unusable for what I needed. I stopped the payments for the equipment and contacted them, assuming they would accept the equipment back.

    So, I contacted them letting them know I do not need the equipment and wanted to send back. That is when I discovered that their contract was for over $11,000(YES, ELEVEN THOUSAND DOLLARS) for 2 credit card terminals.

    They refuse to work with me and now I will be paying the remaining $7000 over the next several months for something that I am unable to use, this is the kind of thing that can ruin a small business. I really hope they get a fat lawsuit and go out of business. If I have anything to do with it, this is what is going to happen.

  17. Really wished we would have not borrowed from them!!

    Completely deceitful and will not answer any questions or provide any detail. Really wished we would have not borrowed from them!!

  18. I would echo many of the things others are saying.

    I would echo many of the things others are saying. They run your credit without your permission – which should have sent me running. They pre-load all the interest on your account so that even if you pay off the loan early you still have to pay the full amount of interest (the details are buried in the contract.

    They charge you for equipment insurance even if you already have a business owners policy, promise to refund you but then keep charging. Good luck trying to get someone from the company to help you.

    You don’t receive any kind of statements to track your principal and interest. I’ve lease-purchased equipment from a number of different companies and this has definitely been the worst experience – ever.

  19. DO NOT DO BUSINESS WITH THESE PEOPLE, I STRONGLY ADVISE AGAINST IT.

    DO NOT DO BUSINESS WITH THESE PEOPLE, I STRONGLY ADVISE AGAINST IT. I wish I could give them negative stars. I acquired a small business last year that was using equipment leased by this company. The equipment was outdated and unusable for what I needed.

    I stopped the payments for the equipment and contacted them, assuming they would accept the equipment back. So, I contacted them letting them know I do not need the equipment and wanted to send back.

    That is when I discovered that their contract was for over $11,000(YES, ELEVEN THOUSAND DOLLARS) for 2 credit card terminals. They refuse to work with me and now I will be paying the remaining $7000 over the next several months for something that I am unable to use, this is the kind of thing that can ruin a small business. I really hope they get a fat lawsuit and go out of business. If I have anything to do with it, this is what is going to happen.

  20. This company rips small companies off and steals your money.

    This company rips small companies off and steals your money. Look them up on Ripoff.com. I had an ex-manager that didn’t check them out very good. He forged my name on a contract for $18,000.00 for 15 GPS units that are billed monthly by T-Mobile.

    T-Mobile never heard of them and there are many pending lawsuits against them. BTW, the actual cost of the GPS units (15) should have been $1125.00 TOTAL. Ascentium Capital doesn’t answer their phone and the cell number they tell you to call is disconnected. STAY FAR AWAY FROM THEM. I would give ZERO stars if I had the option.

  21. This is white collar crime under the Rocio Act.

    Ascentium Capital is involved with a Ponzi Scheme with Billy Goat LLC and Capital 55 Partners LLC based in Dallas Texas. Billy Goat and Capital Partners are Licensed ISO that sells Credit Card Processing and SCAMS customers into 1% “Wholesale Rates” for Visa, MC, JCB & Discover and 1.79% for AMEX and ” 0% for Debit and .09 cents a swipe or if you do over 200 transactions the fee was quoted for $18.00 a month.

    The SCAM is that you have to lease a piece of equipment with Ascentium Capital or Merrimac LLC for 48 months to get these rates. The Xion which is a fake name for Ingenico terminal ranges for a lease from $89 a month to $258.00 a month for a Credit Card Terminal that cost no more than $300 total.

    The next thing the do is get First American to do the credit card processing which is a 36 month term with auto renewal 90 days prior to the expiration date. Also Billy Goat LLC and Capital 55 Partners give First American a different contract and what it is called Tiered Pricing.

    This SCAM artist that made my rates double over my previous Credit Card Processor. As a frustrated and cheated retailer from this PONZI SCHEME and I wanted to Post this so no other Merchants get hurt in this SCAM!!! If there is anyone who has been abused like me and want to file a Class Action Lawsuit with me I would like to hear from you!!! This is white collar crime under the Rocio Act.

  22. BEWARE OF THIS COMPANY!!!

    The salesman for this company lied to us saying we would have 30 days free to try the credit card machine and if we didn’t like it we could return it. Obviously he works on commission, because when I called to return the machine,

    the company said they don’t do free trials and I was under contract. They have been debiting my account for TWO machines each month. I filled out a dispute letter with Ascentium, but nothing has come of it. Customer service is not that willing to help…and they don’t seem too concerned that their salesman lied in order to make a sale.

  23. If you like to give money away this is the place for you!!

    If you like to give money away this is the place for you!! I have never had a loan like the one RDO and Ascentium Capital stuck me with. I have never missed a payment and have paid for a year on the equipment and own more than i borrowed!!

  24. This is white collar crime under the Rocio Act.

    Ascentium Capital is involved with a Ponzi Scheme with Billy Goat LLC and Capital 55 Partners LLC based in Dallas Texas. Billy Goat and Capital Partners are Licensed ISO that sells Credit Card Processing and SCAMS customers into 1% “Wholesale Rates” for Visa, MC, JCB & Discover and 1.79% for AMEX and ” 0% for Debit and .09 cents a swipe or if you do over 200 transactions the fee was quoted for $18.00 a month.

    The SCAM is that you have to lease a piece of equipment with Ascentium Capital or Merrimac LLC for 48 months to get these rates. The Xion which is a fake name for Ingenico terminal ranges for a lease from $89 a month to $258.00 a month for a Credit Card Terminal that cost no more than $300 total. The next thing the do is get First American to do the credit card processing which is a 36 month term with auto renewal 90 days prior to the expiration date. Also Billy Goat LLC and Capital 55 Partners give First American a different contract and what it is called Tiered Pricing.

    This SCAM artist that made my rates double over my previous Credit Card Processor. As a frustrated and cheated retailer from this PONZI SCHEME and I wanted to Post this so no other Merchants get hurt in this SCAM!!! If there is anyone who has been abused like me and want to file a Class Action Lawsuit with me I would like to hear from you!!! This is white collar crime under the Rocio Act.

  25. Liers and unprofessional

    Liers And unprofessional!!!!!

U.S. 59 23970
Houston 77339 TX US
Get directions
Reviews:25
Reported Loss :3625 $
Severity of Scam :Medium
Reported by : Anonymous
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