We used American Bancard to process our credit card transactions. Apparently, they have a practice of witholding funds as a reserve against returns. When we discontinued using their services and switched to a better company American Bancard pointed to a clause in their contract that allowed them 10 ...
Our company discovered American Bancard had been withholding 10% of every credit card transaction they processed in a reserve account as a security against returns. After discovering this practice, we asked Ira Bornstein at American Bancard to discontinue this practice as we didn't have a high rate ...
I am warning to all people engaged with their own business. If you come across American Bancard they are just about to scam you.instead of helping you they will give you the run around. I never see so many people greedy with money offering you Credit Card Machines, POS systems, and other financial ...