Comments on: FTC cracking down on dishonest Merchant Account Providers (ISOs) http://feefighters.com/blog/ftc-cracking-down-on-dishonest-merchant-account-providers-isos/ Mon, 06 Feb 2012 13:25:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: sean http://feefighters.com/blog/ftc-cracking-down-on-dishonest-merchant-account-providers-isos/comment-page-1/#comment-26 sean Wed, 21 Oct 2009 10:16:35 +0000 http://transfs.com/blog/?p=446#comment-26 Contact info is on the main page - http://transfs.com Contact info is on the main page – http://transfs.com

]]> By: EW http://feefighters.com/blog/ftc-cracking-down-on-dishonest-merchant-account-providers-isos/comment-page-1/#comment-25 EW Wed, 21 Oct 2009 10:15:34 +0000 http://transfs.com/blog/?p=446#comment-25 I'm sorry. I don't have your contact info. I’m sorry. I don’t have your contact info.

]]> By: sean http://feefighters.com/blog/ftc-cracking-down-on-dishonest-merchant-account-providers-isos/comment-page-1/#comment-24 sean Wed, 21 Oct 2009 09:54:13 +0000 http://transfs.com/blog/?p=446#comment-24 Wow. That sounds horrible. We may actually be able to help you- try giving us a call tomorrow and asking for Sean. As to whether it is legal, there is no law against it, and if you read the fine-print of your contract you will probably find that they reserve the right to do that, at any time. However, if it actually is legit business you are doing, then you should be able to get the money back. You may need to show them that you have the financial strength to handle the orders and that they are legitimate orders. It may help to involve an attorney. There is an article about exactly what you experienced on this blog - you may want to check it out - http://transfs.com/blog/2007/01/10/surprise-reserve/ Wow. That sounds horrible. We may actually be able to help you- try giving us a call tomorrow and asking for Sean.

As to whether it is legal, there is no law against it, and if you read the fine-print of your contract you will probably find that they reserve the right to do that, at any time.

However, if it actually is legit business you are doing, then you should be able to get the money back. You may need to show them that you have the financial strength to handle the orders and that they are legitimate orders. It may help to involve an attorney.

There is an article about exactly what you experienced on this blog – you may want to check it out – http://transfs.com/blog/2007/01/10/surprise-reserve/

]]> By: EW http://feefighters.com/blog/ftc-cracking-down-on-dishonest-merchant-account-providers-isos/comment-page-1/#comment-23 EW Wed, 21 Oct 2009 09:47:30 +0000 http://transfs.com/blog/?p=446#comment-23 I received over 13,000 worth of orders in one week. My Merchant provider claimed it to be high risk and closed my account. The credit cards issuing banks paid the funds. Now the money is being held in reserve by my former merchant provider. I never had not one charge back with this company and have been a merchant for over one years time. Everything was fine when I had no revenue going into my account and my fees were paid. I just started a new store two months ago and as soon as business picks up they shut me down.Is this legal? I received over 13,000 worth of orders in one week. My Merchant provider claimed it to be high risk and closed my account. The credit cards issuing banks paid the funds. Now the money is being held in reserve by my former merchant provider. I never had not one charge back with this company and have been a merchant for over one years time. Everything was fine when I had no revenue going into my account and my fees were paid. I just started a new store two months ago and as soon as business picks up they shut
me down.Is this legal?

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