How PSi Gate Scam works?

PSi Gate a credit card processing company is cheating people repeatedly. The new addition to their scam is that they are now taking money for merchant account setup. This is a total scam in the sense that there is no realty of such fee that they are imposing on their clients. So the persons who are applying for merchant account to PSi Gate are losing everything.

PSi Gate just takes the money but in return they are unable to approve merchant account. Only the money that is what they want. They don’t care about clients business. They do this very surgically by a strange fee name “Merchant Account Setup Fee”. The funny thing is that no other credit card processing company take such fee from their client. The fee that the other credit companies charge that is only after the approval of merchant account. Also it’s reasonable.

But PSi Gate has no respect for their clients. They just want the money at any mean way without giving any output. There are many victim of PSi Gate’s such scam. Like other poor fellas they gave their money to PSi Gate as so called merchant account setup fee demanded by PSi Gate in result they didn’t get the merchant account. Also they lost that money since PSi Gate denied to give back.

I think proper steps should be taken against PSi Gate who are stealing money from their clients and not approving the merchant account.