Fast Track Funding
I hooked up with Fast Track Funding after they called me with a rather enticing idea. They offered me a position as an independent contractor selling merchant accounts for them. While I was very interested in their program, I was concerned that it was a scam to get me to pony up $295.00 for training materials. After David Neff, the fellow who called me, dropped the price to $195.00, I went ahead and, against my better judgement, gave him my credit card information.
The next day I received an email with an invoice that I was supposed to sign and return to them. I filed it and went about my daily business. A day later Jamie Finkel called me and requested that I send back the signed invoice. While this fired some additional alarm bells, I sent them the electronically signed invoice. Since it wasn’t really my signature, I felt I could still fight for a refund, and I still hoped this was on the up and up.
Later that day I tried to call them as Jamie Finkel had told me that I could call her any time for help. I got their voice mail and left a message with my phone number.
The next day, on Friday, I received their training materials. A package that probably cost them $5.00 to have printed up. There was an independent contractor’s agreement for me to sign along with a physical invoice also to sign. the independent contractor’s agreement was unsigned by them. The training materials were mostly fluff. An overview of the merchant account industry with some scripts for use in making sales.
The most notable thing that was missing was what to do with a customer that wanted to get setup. As they still hadn’t returned my call, I placed another call to them. I left a message on their voice mail, and I requested further information.
On Monday I received a call from Caroline with Horizon Marketing who told me that Mr. Thomas their Vice President would call me at 1:00 PM EST on Tuesday. Still no return phone call from Fast Track Funding. Then an interesting thing happened.
I got a call from eMerchant Direct.I didn’t get the name of the first guy, but he moved me to Bernard Hanes who pitched their offer. They were offering essentially the same deal as Fast Track Funding, only their training materials were only $99.00, $49.00 according to the first fellow I talked to, and the credit card transactions cost 1.2 to 1.9% instead of Fast Track’s 1.59 to 2.7%.
James Thomas called with an invitation to coach me in the business, however, all he wanted was my financial information. Specific enough that it could be used for identity theft purposes. He wouldn’t give me any further marketing infor mation so that the net result of my $195.00 investment is a $2.50 generic info packet. I wasn’t even given a way to contact anyone in Fast Track Funding .
While this is still processing, and even though their credibility is at zero, it’s possible they’re on the up and up though I seriously doubt it.
Bottom line: if you get a call from Fast Track, get on a fast track and run away.