FTC and Washington Take Action: Payment Processor Riverside Payments to Pay $600,000 Over Claims It Deceived Small Businesses
The Federal Trade Commission announced on November 2 that payment processor Riverside Payments Inc., its affiliate Cascade Equipment Leasing LLC, and their operators will pay $600,000 to resolve Federal Trade Commission and Washington state allegations that the firms deceived small businesses.
According to the FTC's complaint, Riverside Payments falsely promised to save small businesses money on payment-processing services but failed to disclose fees and auto-renewing contracts. The company also made it nearly impossible for merchants to cancel, despite offering "risk-free" cancellation.
The $600,000 payment resolves the allegations brought by the FTC and Washington state.
(Source: U.S. Federal Trade Commission)
Source: U.S. Federal Trade Commission
Published by GSM · USA (original Chinese edition)
Photo: 图：位于华盛顿的美国联邦贸易委员会总部大楼。ajay_suresh 摄，CC BY 2.0，经 Wikimedia Commons。 / Photo: Federal Trade Commission headquarters in Washington. Photo by ajay_suresh, CC BY 2.0, via Wikimedia Commons.
