If you have read the other blogs then you already know most of my story but here is what they did to me. I first got set up with them back in Aug and I signed up with them through one of their sales rep (Ami) who I thought was a broker of sorts (because he told me he was). A month or so later they closed my account saying I was a high risk accnt. Not a big deal - it happens. I was the primary on the accnt. AMI - then contacts me and says he has another company that accepts HIGH RISK accnts - He then ask me who had a higher credit score me or my business partner - I told him my business partner so we filled out another application with just my business partners name (why - because we were instructed to do so by AMI). We got approved - YEAH!!! AND the nightmare begins! By now it is Oct and we start processing through the new online terminal. We are a high volume business so I wasnt keeping track of the online credit card transactions on a weekly basis. After the first month they paid us out on our deals then Nov came and we had a great month but we were not paid out and that is when the lies started! When I called and ask Allison what was going on she said that this was normal for a new high risk accnt and that once the review was done they would release the funds and that is OK to keep on processing. SO being naive to the game we kept processing through December. At the end of the month I once again called Allison and asked when my funds would be released and that is when she said that do to us being high risk (they already new this) that they were closing our accnt and hold 20% in a reserve accnt for 10 months. I was pissed but said, OK. Allison said the funds would be released in a few days. A few days passed and Allison went on vacation (yeah rt!) and then after numerous calls with n call backs (by now its late January) I am told that they were not going to release any funds at all and hold all the funds in the reserve accnt for 10 months. We are not talking pennies here folks!!!
$400,000.00 YES 400K!!! I now have an attorney and they are fighting me saying we are at fault and commited fraud because we submitted 2 applications (both had my Company name on, that they approved) but because on the 2nd application we used a different Officer of the coporation (the CFO by the way) We didnt evan know the applications went to the same merchant company - AMI (sales rep told us he was a broker and found anotehr company)
These guys are crooks!!!
0 comments