In considering merchant services funding, I contacted several company to inquire about their process and how it works. How it works is they give you a cash advance and then deduct daily from a business' credit card receipts, until the loan or cash advance is paid off.in considering a c ompany, they all wanted forms filled so I did. This was back in November. Come January I see one of these companies has debited my account, firs a 65 service charge, on Janu 4, t hen when I called to say I never received anything and the account should not have been opened, on Jan 11 they debited my account $495.00 for closing the account!!! How crazy is that! Charging for two items that should have never been in the first place. And, I can't get anyone to answer my calls or emails - not even t he president of the company!!
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