Hey Guys,
Figured I would post this to make you aware of something Merchant Express and Concord EFS Data Processing did yesterday.
I had done a seminar about 2 weeks ago in Roanoke ,VA for Electricians for Continued Education and I believe the final charge amount was $ 2,500.00 in charges for the seminar.
I noticed after about 1 week no funds were going into our bank account, so I called them and here is what they said…
" We have decided that doing visa and mastercard for seminars or away from a physical location is too risky and we are cancelling your account. " I am guessing they mean ALL vehicle type transaction business ventures as well…but here is the kicker…
When I asked them about the $ 2,500.00 in funds they said point blank " oh we are keeping that and you get none of it " …point blank from a customer support rep in Concord EFS Risk Management - his name is Noah…
So basically we did a seminar for FREE…bet my hospital bills are not free ( over $ 25,000 worth )…
So…be CAUTIOUS when dealing with merchant account systems, and in my opinion deal with a local bank you are used to dealing with…thats where I have gone back to…my local bank that has my other merchant accounts…
If it is cheap…probably is CHEAP…
The companies to steer clear of are ; Concord EFS Processing, Pipeline Date and Merchant Express ( www.merchantexpress.com )
I learned my lesson…just dont want any of you to learn it as well.