Friday, September 28, 2012

PSi Gate & Home Trust: The two headed scam



You already know that PSi Gate takes money from people by the name merchant account setup fee. That is really free. And also you don’t get merchant account from this company even after paying their demanded fee. So clearly PSi Gate is a scam. Another company that is related with credit processing company PSi Gate’s scams is Home Trust. Alike PSi Gate they are also notorious for taking money from people without providing any service. Then when they fail to give the thing for which their client paid, they don’t even give any refund!

Actually Home Trust is the owner of PSi Gate. Now you can realize the interconnection between two shrewd firms. One is scamming in the property business and the other is stealing money from people by the name of setup fee. Be careful you may invest behind them but there is no surety that you will get any service.

If you go to the site of Home Trust which is http://www.hometrust.ca/  you will see the banner of PSi Gate on their homepage. It’s showed as an affiliate of Home Trust.
My question is that when there are many more credit card processing companies then why you need to go for PSi Gate?


·         PSi Gate charges a good amount of fee for providing a merchant account which is about $300-$400
·         The fee taken by PSi Gate doesn’t ensure that your merchant account will be approved by this credit card processing company.
·         Finally, you will never ever get your money back even your merchant account is not approved!
·         The other credit card processing companies don’t take a cent for setup; also they make sure that you will get your account ASAP.


Regarding these I don’t think it’s a smart way to pay PSi Gate your heard earned cash to get a merchant account which is not sure even after paying. 

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