Teledraft, along with the owners, Don Charles and AlSlaten have outright stolen my merchant reserve account of $96,000. My company used them for processing for 6 months then closed our account with out notice. We had a $96,000 reserve account with a less than 1% charge back rating. They told me they had to wait "6 months" before refunding the account to make sure ther were no more charge backs... 6 months later they told me that the account was unavailable because it was being held by "another bank?" and they would let me know whenit was released.
We had no complaints or charge backs after 5 months. Well it is 2 years and 7 months since our last transaction and they still have not returned it.in FACT I HEARD TODAY THAT THEY COMPANY SOLD its accounts to antoehr firm PHOENIX Processing and my account is no where to be found. DON CHARLES and AL SLATEN are not available... So they told me it was being held when infact they simply scammed me and countless other reserve account customers and just took the money. If anyone has any info on this please contact me through RIP OFF REPORT or by posting another report.
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