The BBB has issued the following tip about ISpeedWay in their 8/17/2009 Tips You Can Trust:

“www iSpeedWay com aka The Internet Speedway, Inc.
Work-at-Home Program Too Ramped Up?

iSpeedway.com
1201 S. Alma School Road #15500
Mesa, AZ 85210

This company’s offer? Work from home and collect payments from customers for everything from perfume to car stereos starting off with a CD for $9.95. You first sign up to receive a “free CD” but have to pay $9.95 for shipping.

You are enrolled in the program that sets up your Web page and membership to warehouses across the nation. You are told to keep an eye on your pages, and when a sale comes through, the products would be shipped directly from the warehouses owned by iSpeedway.

The original $9.95 turns into thousands when persuaded to upgrade services to include things such as “coaching sessions” on how to manage the site and a “traffic accelerator” that supposedly increases page views.

Complaints allege that after paying the initial fee of $9.95 for the software, the product is never received or is received several weeks later. Additionally, complaints allege that although the service is cancelled within the 30 day free trial period, the company either bills the consumers for 5 payments of $69.95 or the company drafts funds from the consumers bank account without authorization. The company’s website states “You do not need to know anything about HTML, computers, shopping carts or even e-commerce to design your very own professional-looking Web site using Internet Speedway’s SiteBuilder. Our user-friendly Express Set Up Wizard will take you through a very simple five step process to get your Web site up and running”; however, consumers experience technical difficulties and allege the website set up is confusing. 

BBB ADVICE
This company has the BBB’s lowest rating of F. Be aware that this company’s money back guarantee and refund policy on its web site states ‘You can cancel your Internet Speedway hosting subscription at anytime. If you signed up under any type of payment plan and you have exceeded the 30-day trial period you will still be obligated to fulfill your entire agreement.’”

Click here to view the complete list of tips at the BBB.