The standard LADCO lease appears to be a non-cancellable 48-month agreement, although leases can range from 12 months to 60 months in length. We also encourage merchants to check out our list of the providers of the best merchant accounts. Merchants can expect better service levels from a top-rated payment processor for customer support. Overall, it is difficult (if not completely impossible) to find a positive review about LADCO Leasing. Most merchants report that they are unable to resolve their LADCO complaints through Elavon, as the two entities insist on having separate customer service lines. LADCO paid $418,000 as part of the settlement agreement. The suit went on to asset that the company went as far as forging signatures to execute leases. The District Attorney’s Consumer and Environmental Protection Unit took action against the company alleging that their Thousand Oaks’ office had misrepresented the terms and lengths of lease agreements. In 2012, LADCO settled a lawsuit with the Ventura County District Attorney’s Office. If you have your own LADCO complaint to make, please do so in the comment section below. LADCO does not appear to have issued rebuttals to the majority of these complaints. Common themes echoed by complainants include nondisclosure of contract length, harsh cancellation policies, excessive monthly fees (ranging from $50 to $90), poor or unreachable customer service, and aggressive collections practices. LADCO Leasing complaints currently number over 200 across various consumer protection websites, most of which explicitly refer to the company as a scam or ripoff. 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.BBB Rating: LADCO Leasing does not have a rating with the Better Business Bureau at this time.Complaints & Service: LADCO Leasing complaints number more than 200 on public complaints forums.Costs & Contract: LADCO Leasing typically offers a 48 to 60-month lease that cannot be canceled without paying out the remaining months of the lease.LADCO Global Leasing Solutions Review Table of Contents At the time of this writing, almost all official information about LADCO has been removed from the internet. Like Elavon, LADCO Global Leasing Solutions is owned by U.S. It is unclear at this time whether LADCO and ARSI are somehow affiliated. 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. Charles Dr., Thousand Oaks, California 91360. When active, LADCO’s website stated that its headquarters was located in Knoxville, Tennessee, but many other sources suggest that the company is located at 555 St. Elavon pairs these with multiple possible payment gateways, including the Converge and Fusebox payment gateways. talech terminals, specifically, are geared toward the restaurant industry.

The Elavon point-of-sale family includes the Poynt family of smart terminals, talech terminals and tablet solutions, and card swipers from Ingenico and Verifone. Though it no longer has its own functioning website, we can imply that LADCO’s point of sale offerings are the same as what Elavon offers. 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.

LADCO Global Leasing Solutions is a credit card processing equipment lease provider for merchant accounts that has been in business for over 25 years.

Elavon credit card terminal