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The VTE 800 is a combo balance charger charging 1, 2 or 3 cell Li-Po and LiFe batteries. Includes a 3 pin charger and offers one of the fastest charging times on the market."
You have been had Brewskie, No way can the VTE charge lipo's quickly.
Most Fast Lipo chargers you set to charge at 1C i.e. 5000Mah battery charge rate set to charge at 5 Amp max. If you are balance charging this rate reduces as maximum capacity charge is approached. Balance charging takes more time but overall battery life is said to be longer.
You can charge higher rates than 1C but the battery MUST be rated to take a higher rate and High rate Chargers are generally a lot more expensive.
Just make sure the battery charging for 1s - 2s -3s is correct otherwise you may set the Lipo on fire
Quite a few of the chargers on the market use the same electronics in a badged box.
IMAX B6 is a popular budget fast charger, if you get the AC version you can charge from mains or in field from a 12v battery.
If you have a tight budget e-bay is a good place to find one. Hong Kong postage generally takes about 2-3weeks.