I have also been done wrong in my opinion by First Data. First they solicit our business. we jump through all of their hoops and then...3 weeks later...they hold our payments...they paid them fine in the beginning and then all of a sudden, with no communication, just held our payments...to the tune of about 1000 dollars. Then when I called they Make up some ridiculous scenario about protection themselves. I explained that I had done nothing...I have had no complaints about my site...no chargebacks...not even so much as a declined card. But they claim they are able to hold our money, that they sure charged processing fees on, for up to seven months. They said this is because that is how long the credit card users have to file a dispute. I believe that they have a list of business models that they do not want to work with...and they knowingly allow you to start and then hold funds. Think of how many people they do this to and how many 1000 dollar scenarios there probably are. It seems very close to a scam to me. They are ruining hard working Americans Businesses and I agree with the poster that someone should start a class Action against them. Lets continue to pursue this and see where it takes us. Lets not take this from CROOKS like First Data. They have other shady practices also involving the payment mode in which they help you setup your site with ...then later ask for information that is not provided by THEIR option and tell you that if you do not have that information that they may have to terminate with you. It is shady no matter how you slice it.
I HAVE A SISTER WHO IS AN ATTORNEY. SHE IS IN FACT PARTNER AT HER LAW FIRM. I HAVE NOT CONTACTED HER ABOUT THIS AS IT HAS BEEN HAPPENING WITH ME FOR A DAY...WELL I JUST NOTICED THAT THEY ARE HOLDING ALL OF MY MONEY ONE DAY AGO...THEY HAVE BEEN DOING IT FOR OVER A WEEK. i HAVE DONE NOTHING WRONG. I INTEND TO DISCUSS WITH HER STARTING A CLASS ACTION AGAINST THIS COMPANY. IF SO HOPEFULLY ALL ON THIS BOARD WILL BAND TOGETHER AND LET'S MAKE IT A MISSION TO LET EVERYONE KNOW OF THIS COMPANY'S TACTICS...SO NO OTHER SMALL BUSINESS OWNERS GET HURT BY THEM. WE NEED SOMEONE TO HELP US STAND UP AGAINST THIS TYPE OF PREDATORY BUSINESS MODEL.
WILL BE BACK POSTING WITHIN 48 HOURS AFTER I HAVE DISCUSSED THIS WITH SOMEONE WITH LEGAL BACKGROUND
