• Last Updated:
  • Oct 17th, 2017 12:05 pm
[OP]
Newbie
Feb 4, 2012
2 posts
Orangeville

Debit Direct Canada Franchise

I'm looking at investing in this franchise that's promising great returns on your money. I think it cost around $3000.00/terminal with a minimum of 6 terminals.
They will find the merchants for you and send you a cheque every month for every transaction(.15/transaction) that the merchant processes with a debit card.
Has anybody heard about this Company? My brother bought 10 machines and is getting around $1000.00/month.
Thanks
87 replies
Jr. Member
Feb 18, 2014
146 posts
24 upvotes
fittech1 wrote:
Nov 19th, 2016 5:54 pm
I'm looking at investing in this franchise that's promising great returns on your money. I think it cost around $3000.00/terminal with a minimum of 6 terminals.
They will find the merchants for you and send you a cheque every month for every transaction(.15/transaction) that the merchant processes with a debit card.
Has anybody heard about this Company? My brother bought 10 machines and is getting around $1000.00/month.
Thanks
Debit surcharge was popular 10 years ago, and it only flies in a convenience store. These merchants are savvy enough to know that they can keep any revenue from a surcharge.

3k (minimum 6 units!!!) for a machine that costs $400 is another good reason to walk away.

Save your money...
Deal Guru
Aug 2, 2010
10853 posts
2145 upvotes
fittech1 wrote:
Nov 19th, 2016 5:54 pm
I'm looking at investing in this franchise that's promising great returns on your money. I think it cost around $3000.00/terminal with a minimum of 6 terminals.
They will find the merchants for you and send you a cheque every month for every transaction(.15/transaction) that the merchant processes with a debit card.
Has anybody heard about this Company? My brother bought 10 machines and is getting around $1000.00/month.
Thanks
If it was that easy then the franchisor would be doing it themselves and would not be selling a system to generate returns for you. When you pull back the sheets you'll find your bro is not making $12K/yr on a $36K investment.
Jr. Member
Feb 18, 2014
146 posts
24 upvotes
If your brother is making $1,000 per month on 10 terminals with revenue of 15c per transaction, it means that each location is averaging 666 transactions per month...gonna have to call bullshit on that as well.
[OP]
Newbie
Feb 4, 2012
2 posts
Orangeville
The Company sends him a statement every month and on average he makes about $100.00/machine and deposits the money directly into his account.
This is what he showed me.
Deal Addict
User avatar
Aug 16, 2009
1386 posts
260 upvotes
I would pass on this. The only business' that do debit surcharges are low volume mom and pop shops. You are better off opening an ISO-office and selling merchant services.
Are you only looking for 'passive' investment opportunities?
Newbie
Jun 8, 2017
1 posts
Hi,

Were you able to invest in this business?? How was your experience?

I am in a similar situation, talked to a few people (reference provided by debit direct) and they all said it was a good experience, however I am still not sure if it is a legit business or a ponzi scheme where they are paying out your own money for a limited time.

Thanks in advance for the help.
Newbie
Sep 19, 2017
1 posts
fittech1 wrote:
Nov 19th, 2016 5:54 pm
I'm looking at investing in this franchise that's promising great returns on your money. I think it cost around $3000.00/terminal with a minimum of 6 terminals.
They will find the merchants for you and send you a cheque every month for every transaction(.15/transaction) that the merchant processes with a debit card.
Has anybody heard about this Company? My brother bought 10 machines and is getting around $1000.00/month.
Thanks
my wife and lots of friends signed up with them 3 years ago we were getting paid on average $100 per month and last week they skipped town and left everyone high and dry!!! Its a PONZI scheme STAY AWAY!!!!

Newbie
Sep 19, 2017
4 posts
Hey folks...Not sure what is going on but did contact our guy. Hopefully all goes well!
Newbie
Sep 20, 2017
1 posts
Were you guys able to find anything? What did you guys do? We weren't able to find anything and all the contact we have brought us nowhere. And now their website is gone too .
Newbie
Sep 21, 2017
4 posts
It looks like they vanish. I guess we should start filling a police report about this fraud
Newbie
Dec 12, 2016
2 posts
1 upvote
There is a Case already with Toronto Police. Contact Detective Michael Streng (or his partner Detective Wilson) at Toronto Police - Financial Crimes Division 416 808-7300
Last edited by PeterB909062 on Sep 22nd, 2017 2:27 pm, edited 1 time in total.
Newbie
Sep 19, 2017
4 posts
We have been in contact with the guy who sold us our machines...he knows just as much as we do (so he says). At least he is keeping in touch with us. Apparently there is a forensic audit happening.
Newbie
Sep 19, 2017
1 posts
Lamper wrote:
Sep 22nd, 2017 5:03 pm
We have been in contact with the guy who sold us our machines...he knows just as much as we do (so he says). At least he is keeping in touch with us. Apparently there is a forensic audit happening.
Is the name of the guy who sold you your machines Jim Gaudry?

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