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If we signed a contract with a credit card merchant services corp and now wish we hadn't, how can we do can out of it?

Question Details: We recently had a salesperson lie to us, stating we could have credit card processing for our business for the low rate of $20 per month. We did not read the fine print in the massive documents we signed. We found out the fees are much higher, and online research reveals that the company has recently changed names because their previous name had such a bad reputation/legal trouble. We only signed this about 10 days ago. Is there any type of grace period that we should have for cancelling this service? The documentation lists a $500 cancellation fee, plus other fees we may have to pay for cancelling - we actually did this for 2 businesses and now greatly regret it because they are thieves.

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