An Elavon-Owned Equipment Lease Provider
LADCO Global Leasing Solutions is a credit card processing equipment lease provider for merchant accounts that has been in business for over 25 years. The company appears to be either a subsidiary or a DBA of Elavon and is the primary source of equipment leases sold by Elavon, making it a very large lease provider.
Location and Ownership
When active, LADCO’s website stated that its headquarters is located in Knoxville, Tennessee, but many other sources suggest that the company is located at 555 St. Charles Dr., Thousand Oaks, California 91360. A debt collection service called American Recovery Service Incorporated (ARSI) is also located in the same facility and, according to Better Business Bureau complaints, occasionally collects on outstanding merchant account payments. It is unclear at this time whether LADCO and ARSI are somehow affiliated. Like Elavon, LADCO Global Leasing Solutions is owned by U.S. Bancorp. Andy Cecere is the CEO U.S. Bancorp. At the time of this writing, almost all official information about LADCO has been removed from the internet.
LADCO Global Leasing Solutions Review Table of Contents
- Costs & Contract: LADCO Leasing typically offers a 48 to 60-month lease that cannot be cancelled without paying out the remaining months of the lease.
- Complaints & Service: LADCO Leasing has received more than 200 public complaints.
- BBB Rating: LADCO Leasing does not have a rating with the Better Business Bureau at this time.
- Sales & Marketing: LADCO Leasing allows independent sales reps to resell its equipment leases and has received a high number of complaints about its sales practices.
- Rates & Fees: How Merchants Got The Best Rates With LADCO Leasing
Had the displeasure of speaking to Gary from Ladco leasing. He wouldn’t help me at all to figure out what I needed to end my month to month lease. They’ve been stealing money from me for months and claim they sent a letter but never did. My business closed two years ago and there was no way out of the lease. He is a trash human who doesn’t care about others which is a perfect representation of this company. Predatory scammers who think it’s ethical to charge a small business thousands of dollars for a $100 piece of equipment. Trash trash trash. Gary probably murders puppies and would push a kid in a wheelchair down steps.
Why elavon works with cheap and unethical companies like Ladco Global Leasing Solutions and NPS Canada. I can not believe how these companies scamming Small Business like us. I talked to elavon /nps canada and Ladco Global Leasing Solutions they have no shame. ELVAON help me to understand how $100 Basic Terminal NPS canada can lease for small business for $3000.00 and how Ladco Global Leasing Solutions unethical company willing to do it you know why because they both help each other to scam small Businesss. “SHAME ON THESE COMPANIES INSTEAD OF SPORTING SMALL BUSINESS THESE COMPANIES ARE LIKE PARASITES”
Worse company STAY AWAY
Find out who you’re Really leasing from before you sign!! I signed a 2 year lease for a Poynt machine with Mondo here in Canada. Once I went out of business & wanted to cancel I discovered that I was signed up with Elavon & Ladco! My 2 yr lease became 4 yrs with an ETF of $1500. So I’m now stuck with a machine I don’t use & monthly payments still being withdrawn! Stay as far away from Elavon as possible- they’re a bunch of crooks!!
Most definitely the worst company representative ever. Gary out of Knoxville is an arrogant a*******. He is rude and unknowledgeable in company policies. If elevan keeps him as an employee, it only certifies that they do not care about customers whatsoever. The company is out to get your money without extending the least support. Stay as far away to Elevan and Ladco as possible.
Stay away stay away stay away! Cannot stress it enough, lots of hidden fees, things you have never seen before, waste of money, scammers
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-Phillip
Hidden fees, ridiculous extra annual fee for terminal rental.
This post will help: Find and Eliminate Hidden Fees From Your Monthly Bill
-Phillip
Totally ripoff, Ladco and their sales agent provided by regions bank are scammers. be aware, never have I delat with any company that in inhumain as Ladco. Its a day light robbery. But what goes arround comes around. Ladco your day is coming.
This post will help: Cancelling a Merchant Account Without Paying a Fee
-Phillip
This is a horrible and expensive company. They make false claims and grossly overcharge. Ive been paying on a machine i cannot use for over 2 years.
From The Editor
This Post Might Help: Cancelling a Merchant Account Without Paying a Fee
This compant put me on a 2 year lease, now they say its 4 year lease and Icant get out of contract. I have 3 credit cards machings which half the time dont work and only need 1 or 2 of them because my small business is slow now . They wont let me return 1 of them , even after 2 years , but will let me get more machines. Dont go with this company , they lyers about the contracts and will ruin your credit if you leave lease.They charge for machines and prossing and different amounts for the cards being used . I have to pay hundreds every month to use them . Even if i just run 10 cards a month.
From The Editor
This Post Might Help: Cancelling a Lease Agreement Without Paying a Fee
Oh Lord, I can’t believe I didn’t check the reviews before signing this lease. I enrolled for merchant services through my Costco membership. Nothing was true about this deal. I ended up canceling the service and now I’m stuck with this stupid monthly lease with LADCO that I cannot get rid off. I have to pay 3 more years for an equipment I no longer use or pay $2000 to get out of the contract. The only thing left to do now is closing the checking account where they take the payments out… I CAN’T BELIEVE I FELL FOR THIS. COSTCO and ELAVON should take responsibility for having people ripped off by these scammers!!!!
From The Editor
This Post Might Help: Cancelling a Merchant Account Without Paying a Fee
If you arE a Costco member please take your situation to the Corporate Costco headquarters as far up as you can. The more complaints the better!
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– Phillip